Q1-2023 Payor Services Update
The first quarter of 2023 kicked off a strong start within payor services as strategic buyers remain acquisitive. Of the transactions completed this quarter, the bulk of target companies serve employers and offer benefit management solutions.
Provident anticipates strategic acquisitions of payor services companies to continue at a similar pace as 2022. The sector remains attractive as many individuals, approximately 70% of working adults, are covered by employer sponsored health plans according to the Employee Benefit Research Institute. Given the prevalence and expense of self-funded plans, payor services companies that position themselves to serve employers will continue to draw interest from strategic partners and financial sponsors.
To print and download the full Payor Services Update report, please click below…
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