Middle market healthcare executives at companies with revenue between $25 million and $1 billion are optimistic about their organizations' finances in 2016, according to a recent study from CIT Group.
The study, which was based on survey results from 164 middle-market healthcare executives, found 71 percent of healthcare executives believe their organizations' revenues will increase in 2016.
"The majority of the surveyed healthcare executives remain optimistic, expecting similar growth to last year in revenue, prices, volume and capital spending," said William Douglass, group head and managing director at CIT Healthcare Finance.
The study also found 53 percent of executives expect M&A activity to increase across the industry in 2016. M&A seems to be driven more so by purchase price multiples and valuation than by strategy in 2016, according to the study.
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