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Provident Healthcare Partners Provident Healthcare Partners

Q1 2024 Healthcare IT Update

Provident Healthcare Partners
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Q1 2024 Healthcare IT Update

M&A activity within the Healthcare Information Technology (HCIT) sector is off to a slow start in 2024, with both transaction volume and size down considerably year-over-year. The slowdown in dealmaking within the sector can be attributed to the stubbornly elevated inflation levels and high interest rates, with companies delaying or pausing significant investment activity and a bid/ask gap remaining for sellers.

With lower rate potential later in 2024, Provident expects deal activity to bounce back to the normalized levels seen in 2023 given the strong tailwinds in HCIT. There is still a continued emphasis on digital transformation and technology adoption for organizations across the healthcare spectrum. Providers payors, and life sciences companies are increasingly investing in technology solutions to improve patient care, operational efficiency, and data analytics capabilities, and this trend is likely to drive a resurgence in M&A activity throughout the remainder of 2024.

To print and download the full Healthcare IT Update report, please click below…

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