UnitedHealth Group Revenues up 15%, Focus on Value-Based Care Pays Off
UnitedHealth Group Incorporated (NYSE: UNH), one of the largest health insurers in the United States, reported a positive performance in the first quarter of 2023, demonstrating balanced growth across its Optum and UnitedHealthcare business segments. The company’s revenue increased by 15% to $91.9 billion in Q1:23, and its adjusted earnings per share rose by 14% to $6.26 compared to the same period last year. Year-to-date, UnitedHealthcare also expanded its customer base, serving 1.2 million more people in the United States, with half of this growth coming from its commercial offerings. Additionally, the OptumHealth segment reported a significant increase in the number of patients... Read More »
Market Pressures Take Toll on Healthcare M&A in Q1:23
Headwinds have finally slowed the healthcare M&A market. Throughout 2022, deal volume soared despite challenging market conditions, but activity in the first quarter of 2023 declined by 5% compared with the fourth quarter of 2022. The year-over-year drop was much more severe, falling 18%, or 531 deals compared with 647 deals. Factors such as growing labor costs, inflation and high-interest rates have stifled deal activity. Although we’re struggling to call any quarter with 500-plus deals slow, the opening three months of 2023 fell short of the 2022 quarterly average of 603 deals. The swing in announced spending wasn’t nearly as dramatic. In the first quarter of 2023,... Read More »
Springtime Surge: 43 Healthcare M&A Deals Signal Busy Season Ahead
The healthcare market has shown a significant increase in M&A activity since the start of April, with a total of 43 new deals recorded as of April 5th. The number of deals announced during the same period last year was lower at 38. So far, the announced deals point to a notable trend towards eHealth, with nine deals announced so far this month, making up approximately 21% of deals. By comparison, there were eight eHealth deals announced during the same period last year. Additionally, there has been an increase in Physician Medical Group deals, with 8 deals announced this year, compared to seven from last year. The specialties involved in these deals have also evolved, with a focus on... Read More »
Healthcare M&A Activity Will Post Another Drop in the First Quarter
With the first quarter of 2023 winding down, it is clear that healthcare M&A deal volume will continue to shrink. According to data captured in the LevinPro HC database on March 30, there were 502 deals recorded since the start of the year. This compares with 553 transactions posted in the fourth quarter of 2022, representing a 9% decline. This compares with totals of 612 and 598 in the third and second quarters of 2022, respectively. The current 2023 amount represents a 22% drop from the 647 posted in the first quarter of 2022. The eHealth sector has shown dramatic declines in deal volume from the 120 recorded in the first quarter of 2022. Transactions plummeted to 48 in the fourth... Read More »
Bad Timing: Fed Raises Borrowing Costs During ACG NY Healthcare Conference
Some of the leading experts in the healthcare industry convened at the ACG NY 15th Annual Healthcare Conference in New York City, and spirits were high amid the volatile environment surrounding M&A. No one brushed aside the headwinds facing the industry, such as inflation, labor shortages and costs, and rising interest rates during the March 22 event. Investors, analysts, lenders and advisors were confident they could close deals and grow businesses, but it’s going to require a more hands-on approach. “You need to have a tailored thesis for each business,” said Andrew Colbert, senior managing director at Ziegler, during one of the panel discussions. “You can’t have a... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
