Baby Boomers Causing a Shifting Health Tech Investment Landscape

LifeStance has opened 8 de novo facilities in Q3 and 23 this year. Meanwhile, it had no new acquisitions in Q3 and no plans for the rest of the year.

This includes more than $200 million toward the expansion of Galen College of Nursing, and approximately $136 million toward the opening of new HCA Healthcare Centers for Clinical Advancement.

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.

This shift of cardiovascular procedures to the ASC-CPL is expected to continue to grow because of the lower costs the facilities can provide.