Home health, home care and hospice M&A was historically high in 2021, with high valuations serving sellers and solid return on investment serving buyers. Transactions plummeted after that, but recent signs suggest M&A is beginning to pick back up across sectors. “Rewinding to 2021, we had a historically active market with valuations as high as […]
Pitchbook
Donald Trump will take over the presidency again in January. There will be many implications for home-based care providers, and details from Trump’s first presidency will help project those. In the weeks leading up to the Nov. 5 election, Trump and Kamala Harris battled over home-based care. Specifically, Harris suggested a personal home care benefit […]
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 […]
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 […]
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