The economic slowdown of the past couple of years has led to a fundamental shift in the exit environment. In healthcare services, this shift may stick. Worryingly, we are told that private equity has cooled on services, turning its attention to life sciences, pharma services and digital. The sky-high multiples paid over the past few years have scared many away, seeing a longer investment horizon and working harder on value creation to justify expected valuations.
March 1, 2024
