HGP HIT July 2020 Insights

HGP HIT July 2020 Insights

August 06, 2020

While a pandemic ravages the country, technology valuations are soaring.  The Nasdaq hit an all-time high during the month of July, sailing through the 10,000 mark to post YTD gains of nearly 20%, representing a 56% increase off the low water mark on March 23.  More notably, the Nasdaq has outperformed the S&P 500 (including the lift the S&P has received from FANMAG stocks – Facebook, Amazon, Netflix,…

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HGP Health IT March 2020 Insights

HGP Health IT March 2020 Insights

April 02, 2020

The healthcare system is not immune to the near-term economic fallout of COVID-19, but should rebound and potentially be transformed after the easing of social-distancing measures.  On March 18th, CMS announced “all elective surgeries, non-essential medical, surgical, and dental procedures be delayed during the 2020 Novel Coronavirus (COVID-19) outbreak.”  The result is a massive loss of revenue…

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HGP Health IT February 2020 Insights

HGP Health IT February 2020 Insights

March 03, 2020

What a difference a month makes.  Last month, we began our Health IT Monthly Insight with “Ten years into the bull market, we operate in a heightened state of awareness for any indication of market weakness that may signal a downturn.”  It didn’t take a “heightened state of awareness” to see the market unravel at the end of the month as a result of the global shock from Coronavirus.  The broader…

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HGP Health IT January 2020 Insights

HGP Health IT January 2020 Insights

February 06, 2020

Ten years into the bull market, we operate in a heightened state of awareness for any indication of market weakness that may signal a downturn.  While debt levels are rising and GDP growth somewhat sluggish, the world of private equity, public equity, and M&A continues to be in full swing bull market mode.

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HGP Health IT November Insights

HGP Health IT November Insights

December 05, 2019

We did a doubletake when we noticed all of the HGP healthcare indices climbed approximately 10% during the month of November.  Year-to-date, the S&P 500 is up over 25% and the HGP healthcare indices are all hovering in that range.  In the two month period since September, when talk of universal healthcare reached its peak in the recent election cycle, the HGP Payer Index climbed over 25%.  If it…

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HGP HIT October Insights

HGP HIT October Insights

November 06, 2019

During the month of October, Health IT continued its evolution into an amorphous market that is increasingly trending away from a specialized niche of healthcare and into a key component of larger sectors such as Enterprise Software, HR Administration, Insurance, Care Delivery, Suppliers, and BioPharma. The transaction trends are a testament to Health IT’s increasing integration into workflows across…

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HGP HIT September Insights

HGP HIT September Insights

October 02, 2019

The Health IT IPO streak continued during the month of September, with Peloton, an interactive fitness platform, completing its IPO on September 29, and SmileDirectClub, a network-based provider of orthodontic aligners, on September 12.  Also during the month, Progyny, a provider of fertility benefits management, filed for an initial public offering.  While the volume of listings has been strong,…

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HGP Health IT August Insights

HGP Health IT August Insights

September 04, 2019

HGP’s August Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of August.  The wave of Health IT IPO’s during June and July were followed in August with a wave of high-profile private equity buyouts.  Clinical trial and life sciences technologies received particular attention, with significant investments in InCrowd,…

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HGP Health IT July Insights

HGP Health IT July Insights

August 05, 2019

HGP’s July Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of July.  Health IT saw four IPOs during a five week period from late June to late July, including Livongo, Health Catalyst, Phreesia, and Change Healthcare.  All were welcome by the market with strong first day performance, with Health Catalyst, Phreesia, and Livongo…

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HGP Health IT May Insights

HGP Health IT May Insights

June 05, 2019

HGP’s May Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of May. Reflecting the ongoing trend to drive profits beyond care delivery, Bon Secours sold a 51% interest in its RCM subsidiary, Ensemble Health, to Golden Gate Capital for $1.2 billion.  Also in the RCM space, JP Morgan announced a $500mm acquisition of InstaMed, a…

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