Overall transaction value in the healthcare industry has trended down in the first half of 2023, according to Berkely Research Group.
Deal volume in the home health and hospice sector decreased ~30% year over year, with a 19% decrease quarter over quarter (Q2 ‘22 vs. Q2 ’23). This decrease is primarily attributable to uncertainty of reimbursement rate cuts and interest rate increases. Overall demand for home health services in the US is expected to remain strong due to continued aging of baby boomers, a preference for at-home care, and pressures to reduce overall cost of care. However, home health and hospice companies continue to experience labor pressures despite the ability of home health providers to deliver telemedicine options. Read more.
