Q2 2024 Durable Medical Equipment Update
Q2 2024 Durable Medical Equipment Update
Market activity across the DME space continued at a steady pace throughout Q2 with a healthy mix of new platform developments and add-on acquisitions. High-growth product categories such as diabetic supplies continue to draw interest both from PE sponsors on a standalone basis and strategic consolidators seeking to diversify product offerings and capitalize on cross-sell opportunities within their existing patient populations.
Provident expects to see continued deal volume across DME throughout the remainder of 2024 as investors target organizations facilitating the shift towards home-based care, defensible market positioning, and an attractive growth profile. Several private equity platforms created in 2019 and 2020 are in the latter stages of their hold period and are likely to come to market within the next 6 – 12 months. This typically spurs additional add-on activity as new sponsors seek to deploy growth capital and take their new platform to the next level.
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