Companies providing healthcare services to consumers and other healthcare organizations.

In the News: According to Pitchbook, PE healthcare services deal activity in US/Canada is expected to be down 18.9% year over year, totaling 767 deals in 2023. Platform deals / buyouts totaled only 48 in 2023 compared to 98 in 2022. The high interest rate environment is a direct effect of the lack of platform deals. As a result, valuations are down from previous years. Sponsors are reluctant to accept non-favorable returns therefore extending their holding periods. Once rates ease, more trading should begin with the least leverage platforms being the most attractive.