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Reviving healthcare M&A: a mid-year overview

The following report developed by Baker Tilly Capital, LLC provides an update on the healthcare mergers and acquisitions (M&A) market in the first half of 2023. The report includes an overview of the market performance, M&A activity, transactions by segment and buyer, and U.S. middle market M&A activity.

Here are some key takeaways from the report:

  • The healthcare M&A landscape in H1 2023 was marked by market optimism, as the U.S. markets experienced significant growth with major indexes like the S&P and Nasdaq posting substantial gains, despite ongoing interest rate hikes by the Federal Reserve
  • Healthcare sectors demonstrated a robust recovery during H1 2023. Acute care, home health, long-term care, and non-acute care sectors all reported notable performance increases, while managed healthcare saw a decline
  • The number of healthcare M&A transactions declined by 18% in H1 2023. In line with the decline in volumes, total healthcare deal value also declined from 10.8% from $93.7 billion for H1 2022 to $83.6 billion
  • A notable acquisition stood out during H1 2023 showcasing the sector’s dynamism
  • The middle market segment faced challenges in healthcare M&A during H1 2023, with a 21.5% decrease in transactions totaling $13.1 billion

Get the pulse of the industry

For an in-depth look at M&A activity in the healthcare industry, download a copy of our healthcare M&A update: H1 2023. The report includes:

  • Financial performance of specific healthcare sectors
  • Major U.S. indexes performances
  • Potential pricing regulation
  • Notable transactions closed during H1
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Mergers and acquisitions reports

See more M&A reports

Baker Tilly Capital professionals develop mergers and acquisitions (M&A) updates in different industries and regions. These reports provide an overview of M&A activity, including:

  • M&A activity by market segment
  • Transaction data for middle market M&A activity
  • Buyers and targets by location
  • Notable transactions closed during the period of the report
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