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Market Monitor: Healthcare

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Market Monitor: Healthcare

Making the right decisions for your business starts with having the most accurate and current information available. Our Healthcare Market Monitor keeps you up to date on the events, trends, and market forces that shape and guide the industry.

M&A in Healthcare Services M&A Activity

  • 671 U.S. healthcare services M&A transactions in 2024, marking a 10.4% decrease from 2023.
  • Median EV/EBITDA multiples for publicly traded healthcare services companies rose slightly from 13.3x in 2023 to 13.5x in 2024.
  • eHealth services are increasingly replacing traditional third-party healthcare consultants and staffing companies in the healthcare sector.
  • Decline in the Other Services segment reflects growing competition from tech-enabled healthcare solutions.
  • Despite economic and regulatory scrutiny, healthcare services deal volume remained resilient in 2024.
  • Outlook for 2025: Anticipated factors like interest rate cuts, capital buildup, and a clearer U.S. regulatory environment are expected to drive transaction activity across all healthcare sectors, including eHealth and tech-enabled solutions.

If you have any questions, please contact our contributors:

Paul Kacik, Managing Director: pkacik@hexagoncapitalalliance.com

Brad Erhart, Director: berhart@hexagoncapitalalliance.com