Provident Healthcare Partners

Healthcare services deal volume in the second quarter continued to recover to close out the first half of 2024. While financial and strategic investors are evaluating acquisition opportunities through a narrower lens, the market continues to make a rebound from 2023 levels. Despite increased antitrust concerns and pervasive macroeconomic headwinds, physician practice management and multi-site healthcare operators continue to attract sponsors and strategic acquirers, while outsourced services sectors have garnered increased investor attention. While the 2023 deal downturn generated significant dry powder across active healthcare funds, many sponsor-backed platforms paused or refrained from launching M&A processes, creating a backlog of eventual private equity-backed exits. Similarly, many strategics postponed divesting assets that misaligned with their respective core competencies, all signaling a more active second half of 2024 into 2025. Amidst market pressures and building exit backlogs across provider services sectors, investors are shifting focus within healthcare to verticals with minimal reimbursement and labor risk (e.g. healthcare IT, clinical research, pharmaceutical services, biotech / biopharma, etc.). Private equity investors once devoted to building PPM concentrated portfolios are leveraging past experiences to expand into these spaces as part of a broader diversification strategy. Read our full Q2 Market Update below or here: https://lnkd.in/dFA7Vb4A #healthcareservices #healthcare #ProvidentHealthcarePartners

We are exited to share that we were the recipient of two awards at the 6th Annual USA M&A Atlas Awards. In addition to winning Boutique Healthcare Investment Bank of the Year, we won in the category of Private Equity Add-on Deal of the Year (Lower Mid-Markets) for representing Atlanta Heart Specialists in its partnership with Cardiovascular Associates of America, a portfolio company of Webster Equity Partners. https://lnkd.in/e3FMUAH9 #mergersandacquisitions #mergersacquisitionsdivestitures #healthcareservices #investmentbank #ProvidentHealthcarePartners

Provident is pleased to announce it has advised Quest Health Solutions on its partnership with Sumitomo Corporation of Americas. “Having Provident by our side was invaluable – they were more than advisors; they were dedicated partners who deeply understood our mission. Their exceptional commitment and hands-on approach not only facilitated this significant partnership but also ensured we remained aligned with our vision for advancing healthcare innovation. I wholeheartedly recommend Provident to any organization that’s not just pursuing growth but is also looking for a genuine partnership to realize their full potential,” commented Adam Nadler, CEO of Quest. https://lnkd.in/en5mum2K #DME #DurableMedicalEquipment #CGM #DiabeticSupplies #mergersandacquisitions #mergersacquisitionsdivestitures #ProvidentHealthcarePartners

We are thrilled to welcome our 2024 Fall Co-Op Class to our Boston and New York offices. Josh Chajon, Caelan Nair, and Neil Shea we are excited to have you with us an look forward to your contributions! #ProvidentHealthcarePartners

Happy Fourth of July from all of us here at Provident. Wishing everyone a safe and joyous holiday filled with family, friends, and fireworks! #ProvidentHealthcarePartners #FourthOfJuly #IndependenceDay

Ajeya Shekar and Chris Schlesinger are attending the Dykema DSO Conference taking place in July. They would love to hear from you if you will be at the conference or in the area. #DykemaDSO #Dykema #Dental #DSO #DentalServices #ProvidentHealthcarePartners

Eric Major and Kevin McDermott will be attending the ACG New York 16th Annual Healthcare Conference taking place next week, they would love to hear from you if you will be at the conference or in the area. #healthcareservices #healthcare #ProvidentHealthcarePartners

Provident is delighted to welcome our 2024 Summer Intern Class to our Boston and New York offices. Charles Anderson, Leo Jergovic, Christian Rubino-Chuckas, and Christian Shah, we are thrilled to have you with us and look forward to a successful summer! #ProvidentHealthcarePartners

We would like to take a moment to appreciate and celebrate the remarkable fathers, grandfathers, and father figures who enrich our lives, especially those wonderful dads right here at Provident! Happy Father’s Day to all the incredible dads! #ProvidentHealthcarePartners #FathersDay

Eric Major and Kevin McDermott will be attending the ACG New York 16th Annual Healthcare Conference, they would love to hear from you if you will be at the conference or in the area. #healthcareservices #healthcare #ProvidentHealthcarePartners