Healthcare deals have declined in 2022 across all sectors compared to last year, but signs of improvement exist, according to a PwC report published June 22.
Five key takeaways:
- Deal volumes decreased 9 percent from the fourth quarter of 2021 to the first quarter of 2022, but the long-term trend is above average.
- Long-term care is a sector driving deals in 2022, with 498 deals in the year ending May 15. There were 446 deals during the same period last year.
- Physician medical group deals almost doubled in the first quarter of 2021, and the trend has continued at similar levels since. In the year prior to May 15, there were 482 physician medical group deals, with a total value of $5.7 billion.
- There were 142 home health and hospice deals in the year prior to May 15, a 19 percent increase in value compared to 2021. This was led by UnitedHealthcare's expected acquisition of Lafayette, La.-based home health firm LHC Group for $5.4 billion.
- Seven megadeals were announced in the year prior to May 15, with two occurring in 2022 so far. One of those megadeals is the LHC acquisition.