Last week my partner,Kevin Cumbus, and I braved the cold of Chicago to do some networking and educate ourselves at the McGuireWoods Healthcare PE Conference. The action is fast, and education comes courtesy of a firehose.
Here are the three main things we learned.
Key Healthcare Business and Market Trends & Opportunities:
Everyone wants to know if we’re “at the top of the overall healthcare market” as it relates to valuations. The short answer is that nobody really knows, but the good thing is that in our world valuations are driven by earnings – not eyeballs. 2017 was phenomenal and the M&A sell side has been robust for 18-24months. Equity markets have been strong and debt markets have been very favorable. The great lending environment has been great for buyers using both debt and equity.