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Happy Friday and welcome to another edition of Axial Radar!
There have been 20 reported closed M&A transactions in the healthcare staffing space so far this year – more than 3x the number of deals done in all of 2020. That statistic should not come as a shock to anyone after the year we just had. It would be tempting to attribute all of the increased M&A activity to the pandemic, but, experts will tell you that there are other contributing factors at play…
Consider that one third of all registered nurses in the US are expected to retire within the next 10 years. Combine that with an aging baby boomer population, of which 80% have at least one chronic condition, and you’re looking at a very overwhelmed healthcare system. This week’s featured Industry Trends article reveals how the pandemic brought some of these critical staffing challenges in the healthcare space to light, and how staffing businesses are turning to M&A to bolster capabilities to prepare for the future.
Our featured buy-side members this week include a PE-backed business in the biopharmaceutical space, a construction-focused investment firm, and an independent sponsor targeting the food processing space. On the sell-side we’ll introduce you to a 10 year old M&A advisory firm with more than 100 transactions under its belt, and a global investment banking firm.
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