HGP Releases its January 2024 Health IT Market Review

HGP Releases its January 2024 Health IT Market Review

January 23, 2024

Recent experience is a stark reminder that what goes up must come down. But how far down? Compared to a year ago, market sentiment feels much more positive. While SaaS valuations remain suppressed, terminal interest rates have been met and the economy has demonstrated surprising resilience. The threat of a recession, while not dispelled, feels significantly less imminent than this time last year,…

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Picture This: A Snapshot of the Radiology Software Landscape

Picture This: A Snapshot of the Radiology Software Landscape

December 05, 2023

The radiology technology landscape has consistently stood at the forefront of healthcare innovation and technological advancements, a trajectory that was propelled by demands and challenges posed by the COVID-19 pandemic and further accelerated by the significant progress achieved in artificial intelligence throughout 2023. From the consolidation strategies of industry leaders to the emergence of…

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HGP Releases its July 2023 Annual Health IT Market Review

HGP Releases its July 2023 Annual Health IT Market Review

July 26, 2023

In 2023, AI dominates investments, while human psychology dominates investment behavior. After a decade of remarkably low interest rates, the market is grieving the “loss” of the 10+ year easy money market cycle that sparked ever rising valuations and a flurry of investment and transaction activity that skyrocketed to a COVID stimulus-fueled peak. The market’s reaction to this loss mirrors the five…

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HGP Releases its January 2023 Annual Health IT Market Review

HGP Releases its January 2023 Annual Health IT Market Review

January 18, 2023

From armchair epidemiologists to armchair economists, never has society paid more attention to subject matter previously overlooked.  With inflation persisting in the 6-6.5% range in 2022, market activity slowed considerably from 2021.  From the same period a year ago, in 2H 2022 Health IT investment activity fell over 64% to $5.0 billion and M&A activity declined 35% to 139 transactions.  Market…

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HGP Releases its July 2022 Semi-Annual Health IT Market Review

HGP Releases its July 2022 Semi-Annual Health IT Market Review

July 20, 2022

2022 ushered in Act III of the market’s latest transitionary period: The Post-Inflation Era.  To make sense of the crosscurrents from macroeconomic and inflation data, we leveraged our experience executing transactions, extensive network, and market analysis from our 16-year history advising and investing across the ever-evolving Health IT and Digital Health sectors to gather key market information.

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Seeking Balance in the Hyperactive Mental Health Tech Market

Seeking Balance in the Hyperactive Mental Health Tech Market

May 05, 2022

The prevalence of mental and behavioral health conditions has been on the rise in recent decades, further aggravated by the pandemic in the last two years. Social isolation, grief from the loss of loved ones, fear of contracting the virus, and financial worries were all major stress factors that increasingly affected the mental wellbeing of the population, and the resulting statistics are startling:…

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Brush up on Dental Health IT

Brush up on Dental Health IT

February 12, 2022

The US dental industry has seen a proliferation of new technologies, a trend driven by the rise of the consumeristic nature of dental care, which can be attributed to 3 key influences: 1) gaps in dental insurance coverage, 2) competitive pressures among private practices, and 3) the aggressive rollup of private equity-backed dental support organizations (DSOs). Self-pay and patient financial…

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HGP Releases its January 2022 Semi-Annual Health IT Market Review

HGP Releases its January 2022 Semi-Annual Health IT Market Review

January 19, 2022

Despite the perception that valuations have risen in the post-pandemic era, the valuation tide has not lifted all boats equally. Following the pandemic, Health IT M&A valuations increased an impressive 36% from 5.1x revenue to 6.9x revenue.  Meanwhile, the expanding universe of publicly traded Health IT, now 70 companies strong thanks to 35 recent IPO and SPAC transactions, contracted 16% in 2021…

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The Rise in Health IT Valuations and Deal Flow

The Rise in Health IT Valuations and Deal Flow

November 01, 2021

In this post-pandemic era, the world is changing at a pace that is nearly impossible to process, which makes decision-making harder and seemingly riskier than ever. With limited data to inform our decisions and understanding of reality, instincts become crucial as we attempt to navigate and make sense of the world. So, let’s take a moment and unpack some of the data…

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HGP Releases its July 2021 Semi-Annual Digital Health Market Review

HGP Releases its July 2021 Semi-Annual Digital Health Market Review

July 22, 2021

The digital health market is on fire.  All things equal, based on our experience we estimate digital health valuations rose at least 30% from pre- to post-pandemic. For high performing companies, the valuation premium is much higher. Reinforcing our experience, from pre-pandemic February 2020 to post-pandemic June 2021, the NASDAQ rose 50%. Through June, M&A volume and value is on pace to increase…

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