Q3-2019 Laboratory Services Update– Despite risks to future spend, stakeholders are using acquisitions to increase horizontal scale, develop new competencies in niche specialties, and integrate complementary service lines.
Q1-2019 Laboratory Services Update– Continued uncertainty about future fee schedule cuts has slowed overall spend in the acquisition market of laboratory services. Although slightly suppressed deal volume is anticipated to continue, Provident expects to see a steady flow of strategic transactions announced throughout the rest of the year as opportunistic providers will look to capitalize on market uncertainty.
The Health-Care M&A Meter: Hot 2018 to Be Followed by Hotter 2019– The outlook for health-care mergers and acquisitions in 2019 suggests even more transactions this year as compared to 2018, with activity in the hospital and health system sector expected to continue, as well as increasing volume of deals in the physician services, home health. and health-care IT sectors.
Q4-2018 Laboratory Services Update– The overall laboratory services market continues to expand, seeing a growth rate of 1.5% a year over the last five years highlighted by the revenue in the space surpassing $19 billion for the first time. The most notable take away from the end of 2018 was the absence of any acquisitions by LabCorp or Quest, who have largely driven the consolidation market for the better part of the year.