Becker's Healthcare January 28, 2025
After several years of “lackluster” deal activity, bankers and private equity advisors recently told The Wall Street Journal that physician practice deals are showing more promise, possibly making space for more PE firms to exit their holdings.
In the first nine months of 2024, there were just 251 private equity investments in physician practice managers, less than half of the total for 2023, which was already down from 2022 according to Pitchbook. There were only 10 exits through September 2024, down from 28 in 2023 and 37 in 2022.
But bankers told the Journal that “a large backlog of private-equity holdings, an abundance of capital available for deals and signs of renewed interest from both financial and strategic...