Here are four other takeaways from the report:
- 788 deals were announced or closed by private equity sponsors in 2023, down from 940 in 2022 and the peak of 1,114 in 2021.
- Q3 was the most active in the year, with sponsors announcing or closing 215 deals.
- Q4 was the least active in the year with 172 deals.
- Healthcare services companies accounted for an inordinate share of leveraged loan defaults in 2023, holding over 20% of default value while only accounting for 12.5% of issuers.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.