This downturn, unlike others, has acutely impacted the healthcare sector, specifically provider-based businesses. Patient volumes are down from pre-COVID levels and many sub-sectors may take months, if not years, to recover to pre-COVID activity.
Private equity ownership of provider-based businesses is at an all-time high, resulting in these platforms having substantially higher leverage relative to any time in history. High leverage, combined with the meaningful drop in patient volumes for certain provider categories has created a challenging environment which will result in numerous providers seeking solutions in the M&A and/or capital markets.
No one in the provider ecosystem is immune from the downturn, and there are no antibodies.
Livingstone is hosting a live video conference to discuss these matters on Thursday, August 13th at 2:00pm CT.
Moderated by Ryan Buckley, Healthcare Partner, the 30-minute webinar features an expert panel of middle-market bankers focused on the healthcare sector, special situations, and debt advisory services:
- Jim Moskal, Partner, Healthcare
- Mark Birkett, Partner, Debt Advisory Services
- Joe Greenwood, Partner, Special Situations
Our experts will conduct a deep-dive covering the state of distressed healthcare M&A, including:
- Unique considerations when transacting distressed healthcare providers
- Current environment in the M&A and lending markets for healthcare providers
All registrants will receive the webinar recording, presentation slides and official transcript.