GCG’s Q4 2023 Healthcare Industry Update provides an overview of the latest trends in the sector, including recent performance, valuation multiples, and the state of the middle-market M&A environment.
Key findings include the following:
- Q4 2023 experienced strong performance in public equities across the Healthcare sector due to a late rally to close out the year amidst an anticipated federal reserve pivot on monetary policy.
- Although deal volume in the Healthcare sector continued its overall decline from the last 12 months, the average deal value in Q4 2023 increased significantly from the previous quarter, signaling larger deals are starting to reenter the market.
- While the S&P 500 has returned 27% over the 3-year period ending December 31, 2023, Medical/Surgical Supplies, Acute Care and Assisted Living & Long-Term Care companies have realized outsized gains compared to the S&P 500, posting increases of 118.1%, 64.3 and 50.6%, respectively.
Click here for the full update.
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