Q3 2023 Healthcare Staffing Update
In today’s rate and volume environment, groups who focus within locum tenens and therapy are outpacing their peers who focus within travel nursing and interim leadership. Demand continues to remain stable and with winter approaching, nursing and allied solutions should contribute to strong revenue in Q4 relative to prior quarters. As time continues to pass since the pandemic and as rates and volumes start to stabilize, Provident believes M&A activity will recover in 2024, particularly for those processes which went on pause in 2022 and early 2023. Those groups which have a proprietary technology solution, strong recruiter base and tenure, and who serve differentiated end markets with limited MSP exposure, will receive interest from investors.
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