2014 is lagging slightly when it comes to PE healthcare investments, according to the PitchBook Platform. Logging only 148 deals thus far, it's a bit behind 2013, which recorded 194 deals in the first two quarters. Of course, there's most of June to consider, so the gap may be closed yet. But which parts of the healthcare industry are collecting these investments?
With aging populations everywhere, it makes sense that healthcare services accounts for the largest chunk of deal activity. A slight slowdown from 2012 to 2013 could be attributed to regulatory concerns, as the Affordable Care Act gave pause to investors. Pharmaceuticals & biotech has grown somewhat, amassing a total of 143 investments in 2012 and 2013 combined, as has healthcare tech systems, with 90 deals for the two-year period. The shifts are minute, however, with each sector grabbing roughly the same percentage of deal activity each year since 2010. And total deal activity may look like it's a bit off-pace for 2014, but since more healthcare deals tend to close in the second half of the year recently (2013's second half logged 225 versus 194 for the first half), 2014 deal activity will probably ramp up in the months to come.