Private Equity Interest Drops in First Half of 2025

Private Equity Interest Drops in First Half of 2025

In the first half of 2025, private equity firms and their sponsored companies (“PE Buyers,” collectively) announced 326 transactions in the healthcare M&A market, or approximately 32% of all the 1,036 announced healthcare deals, according to data captured in the LevinPro HC platform. The deal volume in Q2:25 (148 deals) represents a nearly 17% decrease in M&A volume from Q1:25 (178 deals). Activity in Q2:25 is also 24% lower than the 194 PE-backed transactions reported in the second quarter of 2024. For the first two quarters of the year, disclosed spending reached more than $32.8 billion across 17 transactions. The first quarter saw more than $29.9 billion in disclosed spending... Read More »
Top States for Physician Medical Group M&A

Top States for Physician Medical Group M&A

As the Physician Medical Group (PMG) market evolves, geography remains a key factor influencing deal activity across the United States. While much of the focus in healthcare M&A tends to center around active specialties or prolific buyers, geography also offers insights into a deeper understanding of the market.  There are several questions that come up when thinking about the importance of geography in terms of the M&A market. What states have seen the most activity? Do the most active states differ based on specialty? And how do regulations impact activity in each state?  According to data captured in the LevinPro HC database, since the start of 2024, there have been... Read More »
Key Trends at the McGuireWoods 21st Annual Healthcare Private Equity and Finance Conference

Key Trends at the McGuireWoods 21st Annual Healthcare Private Equity and Finance Conference

The 21st Annual McGuireWoods Healthcare Private Equity and Finance Conference was held May 13–15, in Chicago, drawing healthcare leaders from across the industry to explore the shifting dynamics of healthcare M&A. The conference offered a front-row seat to the trends shaping 2025. Attendees shared cautious optimism, noting opportunities in a market shaped by regulatory and economic challenges.   The conference spotlighted a market at a crossroads. Conference participants highlighted regulatory challenges, including state transaction notices and reimbursement pressure, as hurdles slowing deal activity. They also noted liquidity constraints in the middle market as a... Read More »
“One Big Beautiful” Bill Challenges Home Health Providers to Reform

“One Big Beautiful” Bill Challenges Home Health Providers to Reform

The Republican-led House passed the “One Big Beautiful Bill Act” on May 22, 2025, by a vote of 215-214, and it has moved to the Senate for consideration. Whatever its final form, the budget bill could bring reforms that will challenge home health providers to evolve and adapt as they could face reduced funding and patient access. The LevinPro HC team sat down with Al Veach, CEO of Agenda Health, one of the most active M&A advisory firms in the home health sector, according to LevinPro HC data. Veach offered insights on navigating this landscape, as Senate debates continue to shape the bill’s future.  Veach first emphasized the potential benefits of the bill’s... Read More »
AI, Outpatient Care & the Future of MOBs: Insights from Colliers at BOMA

AI, Outpatient Care & the Future of MOBs: Insights from Colliers at BOMA

At the BOMA Conference earlier this month in Denver, Colorado the LevinPro HC team had the pleasure of speaking with Marianne Skorupski, Director of National Office Research | U.S. and Shawn Janus, National Director of Healthcare | U.S., at Colliers. During our conversation, we spoke about the healthcare real estate market, their expectations for the future and current trends impacting the space. One major theme of our conversation was how AI will impact the outpatient care market for providers, patients, and real estate investors. Skorupski spoke about how the advancement and integration of AI and other technologies (such as payment digitization and robotics) are becoming an integral part... Read More »
Key Trends at the McGuireWoods 21st Annual Healthcare Private Equity and Finance Conference

Pacing the Market: McGuireWoods 2025 HCPE Conference Recap

The McGuireWoods’ 21st Annual Healthcare Private Equity and Finance Conference, held May 14-15, 2025 in Chicago, convened a large and diverse group of healthcare and private equity professionals for two days of networking and strategic dialogue. The event drew key players in healthcare finance and private equity, packed with sessions and panels addressing the most pressing topics in the industry. Keynote speakers Lance Armstrong, seven-time Tour de France winner and general partner at NEXT Ventures, and Anousheh Ansari, the first female private space explorer and CEO of XPRIZE Foundation, delivered addresses to attendees. Both shared stories of overcoming challenges and pushing boundaries.... Read More »