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Healthcare Services Report

Q2 2023

Healthcare Services Report

August 11, 2023

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Debt costs drag on healthcare services dealmaking 

PE dealmaking for healthcare services companies slowed further in Q2 as some heavily leveraged platforms strain under the growing cost of debt and impending maturity walls. 

But as healthcare specialist firms continue successfully fundraising and the broadly syndicated loan market cracks open, PitchBook analysts expect deal activity to gradually recover in coming quarters. 

Our latest industry research breaks down PE trends and investment strategies in healthcare services, with spotlights on mental health services and medical spas, two of the sector's hottest investment categories. 


Table of contents
PE activity 3
Healthcare services PE ecosystem market map 12
Healthcare services PE investor map 14
Q2 2023 timeline 15
Key regulatory developments 16
Segment data 19
       Generalist providers 20
       Multispecialty providers 21
       PPMs 22
       Skilled care & behavioral health 25
Spotlights 26
       Mental health 27
       Medspas 33
Appendix 35