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Provident Healthcare Partners Provident Healthcare Partners

Q4 2023 Home Health & Hospice Update

Provident Healthcare Partners
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Q4 2023 Home Health & Hospice Update

In the last quarter of 2023, there were several notable transactions including H.I.G. Capital’s sale of its portfolio company, Just Home Healthcare services, and Gentiva’s market-shaping acquisition of Heartland Hospice Care.

Although the total transaction volume for 2023 decreased compared to previous years, investor interest remains robust. As we enter 2024, Provident anticipates a rebound in transaction activity driven by several factors. Private equity investors are facing heightened pressure to deploy capital due to the overall slowdown in the M&A markets in 2023. Additionally, there continues to be a growing interest in vertical integration, particularly driven by Payors, as exemplified by Optum’s activities over the past two years. Lastly, the anticipation of several IPOs entering the market in 2024 is poised to have a downstream effect on the middle and lower middle market, positively influencing transaction activity and valuations.

To print and download the full Home Health & Hospice Update report, please click below…

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