Home-Based Care 2024 Mid-Year M&A Activity Update
In the first half of 2024, the North American home-based care M&A market experienced a slower start, recording just 26 transactions. However, there is growing optimism for increased deal activity in the latter half of the year. Cooling inflationary pressures and anticipated interest rate cuts are expected to create a more favorable environment for mergers and acquisitions.
The market dynamics remained consistent with the trends observed at the end of 2023, with transactions evenly split between strategic and financial acquirers. Publicly traded companies like Pennant Group continued to be active, completing three acquisitions in the first half of the year.
Despite the slowdown in deal-making, buyers remain eager to deploy capital to achieve their strategic goals. Key drivers for M&A in the home-based care sector include expanding geographic market presence, increasing patient census, and diversifying services by acquiring across the care continuum.
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