Radiology Business May 17, 2024
Private equity dealmaking in healthcare has stalled in 2024 amid a persistent bid-ask gap, a “decidedly negative” regulatory environment and signals interest rates will remain high for the foreseeable future.
That’s according to a new report from data firm Pitchbook, published earlier this month. Private equity healthcare sponsors announced or closed about 158 deals in the first quarter (including five in imaging), a “downward trend even from 2023’s sluggish pace.” During the same three months last year, PE healthcare services investors closed 200 transactions, representing a 20% year-over-year drop.
However, more sponsors are at least looking to deploy capital, with financing easier to come by than mid-2023, wrote Rebecca Springer, PhD, lead analyst in healthcare for Pitchbook.
“Firms have deals...
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