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Provident Healthcare Partners Provident Healthcare Partners

Q4 2023 Healthcare Staffing Update

Provident Healthcare Partners
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Q4 2023 Healthcare Staffing Update

As noted in prior quarterly newsletters, staffing firms who place candidates within niche care settings continue to receive elevated interest from acquirers. Investors are hesitant of travel nursing staffing investments given the difficulty in predicting future bill and pay rates, MSP concentration, and the perception of a lack of differentiated technology. Provident however believes that travel nursing M&A could stabilize as early as mid-2024, depending on timing of stabilized bill and pay rates. Per discussions at the SIA Healthcare Staffing Summit, some platforms believe that rates have already begun to stabilize, leading to the potential of an early uptick in transactions.

Provident expects the market to be particularly active within the next 12-24 months as many processes went on hold in 2022 and early 2023 and with so many investors currently on the sidelines. Additionally, numerous private equity funds made investments in 2019 and 2020 and thus may begin to explore the possibility of exiting.

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

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