Investors made more than $16 billion in investments into the healthcare space in the second quarter of 2019, according to an analysis by investment firm Provident.
Four quarterly insights:
1. Investment keeps increasing, despite worsening U.S. international relations.
2. Provident said consolidation in the field is being driven by concerns that the Federal Reserve could cut interest rates.
3. Private equity and strategic acquirers led investment in the quarter with M&A activity continuing unrivaled. Long-term care facilities and physician service verticals like dermatology and ophthalmology had an abundance of investment.
4. Established healthcare-focused platforms, like Audax and Miami-based Gastro Health, expanded out of state in the quarter. Gastro Health, notably, acquired Birmingham, Ala.-based Southeast Gastro, its first move outside of Florida.
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