Q2 2023 Other Physician Services Update
Q2 2023 Other Physician Services Update
Physician services remained one of the more active sectors in healthcare services in the second quarter of 2023. The majority of completed transactions in Q2 have been by strategic acquirers looking to further expand their geographic footprint and diversify their service offerings.
With the ongoing consolidation trend, Provident expects add-on activity to remain active while platform transaction activity will be subdued over the next few quarters. We anticipate a rebound in platform-level transaction activity as markets continue to normalize and PE firms look to deploy existing capital.
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