Q1-2023 Healthcare IT Update
Q1-2023 Healthcare IT Update
M&A activity in the Healthcare Information Technology (HCIT) sector was off to a strong start in 2023, with dealmaking activity largely consistent with previous quarters. Despite the turbulence and uncertainty seen in the macroeconomic environment, tailwinds in the HCIT space remain strong. The continuing shift towards more cost-effective value-based care models has reinforced the need for companies to invest in robust IT infrastructure. Because of this, investor appetite remains strong among both payors and providers seeking platform investments in an array of assets across the HCIT space, including EHR providers, RCM software providers, and more.
CVS Health’s acquisition of Signify Health for $8.0 billion in March was the landmark transaction of Q1 2023, and Provident Healthcare Partners anticipates further consolidation throughout the rest of the year as larger players seek to bolster their IT capabilities.
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