In addition to high interest rates, there’s another factor slowing down health care and post-acute care M&A, according to a new report. Released last week, Pitchbook’s Q4 health care services report shines a light on the Biden administration’s antitrust and private equity stances, and how those may be affecting dealmaking. For instance, the Humana Inc. […]
Pitchbook
Health care’s share of global private-equity (PE) deal count peaked at 13.7% in 2020. Three years later, that number fell to 10.8% — its lowest level since 2015. Compared to the bustling activity of 2021, home-based care dealmaking was mostly sluggish in 2023 and has followed that same trend. The slow year was largely due […]
Home health and hospice agencies – especially quality ones – remain highly valuable assets. But thus far, through nearly all of 2023, M&A trends have not reflected that. There were only two transactions in hospice in the third quarter, and just four in home health care. Those were both record low totals, according to a […]
Amid reimbursement uncertainty in Medicare-certified home health, investors are slowly shifting focus to other home-based care types. This shift, while not a radical departure, is something stakeholders are keeping an eye on heading into 2024. “I think we’re already seeing a little bit of that,” Rebecca Springer, lead health care analyst at PitchBook, told Home […]
Private equity investment remains down in health care services. But the firms active in home-based care will likely have a major impact on the industry in the near future. The decisions those firms make – while entering or exiting – will have a lasting impact. In the second quarter, there were 164 PE deals across […]
In connection with its acquisition of For Papa’s Sake Home Care (FPS), Havencrest Capital Management has formed its own home care platform. The new company will be dubbed “Avid Health at Home,” and Havencrest Operating Partner Jen Lentz will be the CEO. “We are very excited about the creation of Avid as well as our […]
June is upon us. The year is nearly halfway gone, and since the turn of the calendar, there have been a lot of learnings on where the home health industry currently sits — and where it may be headed. But everything will be reset in the next month when the Centers for Medicare & Medicaid […]
Dealmaking experts predicted health care M&A activity would drop in 2023 due to a number of headwinds. The first quarter of the year proved them right – and then some. Overall, annualized transaction activity for 2023 is down 32% compared to 2022 levels. Home health, home care and hospice M&A activity was down on a […]
While some of the other subsectors already have more clarity on what their CY2024 may look like, home health operators are still operating in the dark. The home health proposed payment rule is still likely a month away, and the final rule likely more than four months out. It seems most are expecting the worse […]
The home health care workforce shortage is restricting PE dealmaking, experts suggest. That’s especially been the case over the last year and a half, as micro and macro economic headwinds have also affected both agencies and PE firms. “When you think about it, it takes the margin on a business that was already feeling some […]
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