We are pleased to release our review of M&A, private equity and venture capital activity across the UK healthcare sector in Q3 of 2023.
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.
Despite talk of a quieter summer amongst investors and acquirers, deal activity remained strong across Q3, with an unusual peak during the holiday season of August
Digital health activity has been primarily centred around practice management and care planning software, as digitisation of the healthcare sector continues at pace
The residential care sector has seen rising deal volumes, with smaller groups particularly active within elderly care. Specialist care transactions remain dominated by private equity-backed corporates
Clinical services transactions remain robust, with both NHS and private-pay services in demand and a spate of recent private hospital acquisitions
Private equity involvement
Private equity remains prevalent across the sector, with direct or indirect involvement in almost 50% of all transactions during Q3
After a lull in platform deals in Q2, direct investments into businesses spanning aesthetics, veterinary services and physio have buoyed activity in Q3
As noted above, numerous bolt-on deals have been completed in practice and care management software, whilst areas such as occupational health and clinical insourcing have also seen significant acquisitions for private equity-backed corporates