Q3 2023 Payor Services Update
Q3 2023 Payor Services Update
Q3-23 saw a steady pace of transactions within the payor services sector. Three companies were acquired this quarter, all by strategic consolidators. The continued theme in target companies is a focus on the self-insured / employee benefits market. All four companies either exclusively or largely serve self-insured plans.
Provident anticipates continued interest by strategic consolidators in acquiring smaller companies that service the employee benefit market. As noted in the previous quarter, employer sponsored health plans are gaining popularity, driving increased interest from a diverse array of strategic companies looking to provide quantifiable ROI to clients.
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