On this episode of Across the Table, McGuireWoods partner Alyssa Campbell is joined by Colin McDermott and Savanna Ganyard of VMG Health for a discussion of the publicly traded healthcare operator’s Q1 earnings reports and expectations for the rest of 2023. They also touch on whether today’s investment climate reflects a return to typical healthcare acquisition trends or if we’re entering a new post-pandemic era.

Public sector earnings reports didn’t indicate any new trends across the industry as a whole for Q1, they said. Most of the notable trends were sector- or company-specific.

According to Savanna, the valuations during this earnings season have been interesting. Colin agreed, noting that, “as we see multiples trend down in the public sector, even slightly, that’s going to compress what [buyers] are willing to pay for private companies.”

VMG Health regularly follows 23 publicly traded healthcare operators so they can provide their clients with industry expertise. Each quarter, VMG produces a one-page earnings summary with quotes on major themes. This information was made publicly available to all clients last year due to high interest, especially following COVID-19. The summaries can be found here.

This podcast provides timely and relevant discussions with specialists and professionals of the healthcare private equity and finance industry. We share the latest developments, provide insight, identify issues and offer takeaways.