Private Equity Firms Back Just 3.3% Of Health Care Provider Organizations

Health care provider organizations backed by private equity (PE) represent 3.3% of total health care market revenue in 2024. Revenue for PE-backed health care provider organizations is estimated to total $117.7 billion in 2024. The estimate was developed by Pitchbook. For comparison, total hospital costs accounted for $1.6 trillion.

As of 2024, the PE-backed health care provider organization categories that have seen the greatest two-year growth in deal count include cardiovascular and specialty pharmacy. Categories that have seen the greatest two-year decline in deal count include skilled nursing and emergency medical transport.

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