Industry Trends

Each experienced slight improvements in performances in the final quarter of the year.

"The full impact is hard to quantify, but things certainly will take time to normalize and we can expect that it will slow down the pace of innovation in healthcare," said Mayank Taneja, MD, vice president of venture investments for OSF Ventures, part of Peoria, Ill.-based OSF HealthCare.

A new PitchBook report predicts that the digital health sector should expect — and even needs — greater consolidation to succeed.

The money went to eight consulting firms between 2020 and 2023 for help preparing documents submitted to state regulators and other services related to the proposed merger and acquisition.

Total employment in the senior care industry is projected to reach 8.3 million by 2040. That’s a more than 42% increase from where it is today.

The bank said on its website that it had $78.8 billion in healthcare deposits and investments as of December.

SVB claimed to be the bank to 44% of 2022's venture-backed tech and health care IPOs, and 55% in 2021.

Healthcare Appraisers is observing market participants, including non-profit/for-profit operators and financial buyers, investing within the sector with multiple avenues for growth. 

California Attorney General Rob Bonta in December conditionally approved the sale of financially distressed Madera to the Trinity Health Corporation. However, plans for Michigan-based Trinity to buy Madera fell through.

Private equity investments in the sector, including behavioral health virtual care and digital health platforms, have declined, totaling $2.6 billion with 289 deals in 2022. That marks a 52.9% drop in funding and a 15.8% decline in deals compared with 2021.