With 102 deals in total so far, 2022 is on track to be a record year. Private Equity activity in the market, which has been steadily increasing over the last 10 years, made up 30% of all deals in Q1 2022.
Despite the increased number of deals in Q1, disclosed M&A deal value accounted for only $7.6B in total.
In terms of the top acquirers of HealthTech, six of the top buyers were PE firms. Clearlake Capital led the pack, scoring 6 acquisitions, with Hg Capital, TA Associates, and KKR close behind with 5 deals, followed by Francisco Partners and New Mountain Capital with 3 deals. 2021’s top buyer, Constellation Software did 5 deals and we tracked 2 strategic buyers on the leaderboard – Well Health and Recuro Health, with 3 deals each.