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Q4 2021
PitchBook Analyst Note: Established Private Equity Healthcare Provider Plays
December 21, 2021
Four key segments continue to dominate healthcare provider buyout activity
Since 2016, behavioral health, dentistry, dermatology, and vision together have accounted for around half of healthcare provider buyout activity. Positive reimbursement and demand dynamics have made behavioral health the hottest private equity provider segment. Meanwhile, dermatology has seen declining deal activity in recent years, a result of a lack of strategy diversification and of strategic missteps by some large platforms.
These are just a handful of the insights presented by PitchBook analysts on established PE healthcare provider plays. Our latest analyst note details deal trends and strategies in behavioral health, dentistry, dermatology, and vision.
Table of contents
Since 2016, behavioral health, dentistry, dermatology, and vision together have accounted for around half of healthcare provider buyout activity. Positive reimbursement and demand dynamics have made behavioral health the hottest private equity provider segment. Meanwhile, dermatology has seen declining deal activity in recent years, a result of a lack of strategy diversification and of strategic missteps by some large platforms.
These are just a handful of the insights presented by PitchBook analysts on established PE healthcare provider plays. Our latest analyst note details deal trends and strategies in behavioral health, dentistry, dermatology, and vision.
Table of contents
| Key takeaways | 1 |
| Introduction | 2 |
| The private equity consolidation pattern | 3 |
| Segment comparison | 5 |
| Behavioral health | 9 |
| Dentistry | 17 |
| Dermatology | 23 |
| Vision | 28 |
| Conclusion | 33 |