Investors love German dental, ophtha and imaging
Dentistry, ophthalmology and imaging/radiotherapy have received the most investor interest recently of all German outpatient sectors, says a soon-to-be published whitepaper by consultancy Ebner Stolz.
There are a total of 19 private equity-backed consolidators in the three sectors which top the list of nine the consultancy analysed, outlined in the chart below. HBI Intelligence users can see their market share here. Dental and ophthalmology have the highest level of current deal activity, while ophthalmology has the most anticipated future deal activity according to Ebner Stolz, ahead of dentistry.
Imaging/radiotherapy, dialysis, laboratory services and oncology have the highest regulatory burden though it notes “…transaction activities do not seem affected by the complexity and density of regulations.” For regulation and deal flow, the bubble size represents its position on a 1-10 scale while for ‘no. of PE entries’ it is the actual number of private equity-backed consolidators in the market: hover over a bubble to see the number.
Ebner Stolz will publish its whitepaper in January but are providing advance copies on request before then.
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