The number of healthcare services private equity deals slipped to 164 in the second quarter of 2023, the lowest mark since 2020.
The deal count represents a nearly 24 percent quarter-over-quarter decline, the sixth straight quarter of decline. Despite the slump, the second quarter is still 12 percent higher than the average quarterly deal in 2018 or 2019, according to the PitchBook report.
However, the report projected a better market for PE investors as macroeconomic concerns ease and healthcare wage inflation begins to fall.