Private equity’s influence in home-based care and health care at large has been exaggerated. But the active health care firms still play an important role. Pitchbook estimates that PE-backed providers represent 3.3% of the U.S. health care provider ecosystem by revenue. There are at least 73 PE-backed home-based care providers, according to Pitchbook, which represents […]
Pitchbook
Private equity money plays a part in the U.S. health care system, as well as in home-based care. But PE firms have much less influence and ownership of the provider world than most outsiders likely believe. This idea was laid out by Rebecca Springer, the lead health care analyst at Pitchbook, in a new report. […]
Home-based care dealmakers have been busier of late, but that has not yet translated into more transactions. There’s some feeling that sidelined private equity firms will eventually have to enter the game, but that may not be the case. For one, interest rates have still not come down. But also, the “dry powder effect” – […]
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. […]
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 […]