Q1-2022 Healthcare IT Update
While deal flow in the Healthcare Information Technology (HCIT) sector in the first quarter of 2022 has slowed following 2021’s breakthrough year for digital health, several notable transactions across HCIT sub-verticals were completed in Q1. The continued shift in patient preference towards digital channels of communication and care delivery due to their efficiency and personalization has continued to drive demand for implementation throughout all healthcare services sectors, despite a general relaxation of public health mandates which have lessened the need for virtual care models.
Although there has been a lull in deal flow so far in 2022, Provident expects strategic acquisitions to ramp up as companies are looking to expand their service offerings and reach a larger patient-base.
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