We are pleased to release our review of M&A, private equity and venture capital activity across the UK healthcare sector in Q1 of 2024.
Our report, which can be downloaded below, highlights the most active sub-sectors, along with a month-by-month summary of the key deals across the market.
Q1 2024 Healthcare M&A Review Summary
Deal Volumes
Deal activity across Q1 remained solid, without showing significant growth from the prior year comparable period
Market consensus appears to be that the second half of the year will see a material uptick in transactions
Sub-sector Activity
As ever, the resilient residential care market, spanning both elderly and specialist homes, continues to see robust activity with numerous single home and small group transactions during the quarter
The period also saw various digital health transactions, primarily focused on software and services into the NHS and private providers, rather than direct to consumer models
Community-based clinical services also remain a hotspot of deal activity, with further growth in deals across this segment expected throughout 2024
Private Equity Involvement
Private equity investors remain a key driver of transactions in the healthcare sector, with involvement in over 40% of transactions during the quarter
The period saw new platform investments for Rockpool (Harley Academy), Five Arrows (Agilio Software), H2 Equity Partners (Medical Imaging Systems), A&M Capital (GBUK Group), and Cow Corner (Compass Recruitment)
We continue to see strong appetite from private equity for new investments into areas such as clinical services and specialist medical software