• Thu, Feb 16, 2023
  • Pitchbook's Q4 2022 Healthcare Services M&A Report
  • Healthcare_investment
  • You can sign up and access the full report on Pitchbook's website.

    February 3, 2023

    Healthcare services deal activity continues to slip in Q4


    While 2022 was the second-best year on record for PE investment in healthcare services, dealmaking declined throughout the year and rounded out Q4 at pre-pandemic levels. 

    PitchBook analysts do not see a rebound on the horizon quite yet. The staffing crunch, liquidity constraints, and a rocky fundraising market will likely continue to drag deal count down in the first half of 2023.

    Our Q4 2022 Healthcare Services Report, sponsored by UnitedHealthcare, breaks down recent PE trends, investment strategies, and key regulatory developments in the healthcare services market. The report also spotlights opportunities in rheumatology, value-based care enablers, and Medicaid/CHIP pediatric dentistry.


    Table of contents
    PE activity 4
    Healthcare services PE ecosystem market map 11
    Healthcare services PE investor map 13
    Q4 2022 timeline 14
    Key regulatory developments 15
    A word from UnitedHealthcare 16
    Segment data 18
           Generalist providers 19
           Multispecialty providers 20
           PPMs 21
           Skilled care and behavioral health 24
    Spotlights 26
           Rheumatology 27
           VBC enablers 29
           Medicaid/CHIP pediatric dentistry 30
    Appendix 32

    If you have any questions about this report or selling/buying a medical-related business, please feel free to contact: 

    Eric J. Gall
    President/Broker
    239.738.6227
    [email protected]