Navigating Healthcare PE in a Shifting Market: Insights from Matt Wolf of Elliott Davis 5-14-25
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Who are the hosts and guests in this episode?
Jetzt kostenlos testen auf shopify.de. Das ist Scott Becker mit dem Becker Private Equity & Business Podcast. Wir sind begeistert, diese Woche 7 Millionen Downloads zu übernehmen und einen der Top-Podcasts zu ranken. Ich glaube, der Nummer 1 oder 2 in der Apple Business News Kategorie. Gott schütze alle, die den Becker Private Equity & Business Podcast hören. Wir sind begeistert, heute mit Matt Wolf zu sein. Matt ist ein brillanter Analyst, thought leader in this healthcare private equity space, brilliant, brilliant person, one of our most listened to guests. Matt, take a moment to introduce yourself and maybe we could talk about what trends you're watching in private equity currently.
What is Matt Wolf's background in healthcare private equity?
Yeah, thanks, Scott. So, Matt Wolf, I'm a director at Elliott Davis. I spent my career in healthcare valuation and private equity, working on private equity-backed healthcare companies really through the life cycle. And over the past decade or so, I've really focused on the analyst side of that as well and studying the market, putting together our content and talking about it to really anybody who will listen to me. So I'm always... Always excited to be on the show and talk about that. And, you know, I guess with the... Vielen Dank. Vielen Dank. Vielen Dank.
volume um you know it's we're now also kind of in the middle of conference seasons i've been talking to a lot of sponsors just about what they're seeing what they're trying to do and everybody wants to get deals done they want to deploy capital they want to exit long in the tooth um Aber die Zeitung kann noch nicht richtig sein und wir suchen für die richtigen Ziele.
What are the current trends in private equity deal activity?
Die Verwaltungszyklen sind länger. Die makroökonomische Unwahrheit, die politische Unwahrheit, die bleibt immer mehr. Einige Ziele, nicht alle. You know, one interesting data point, though, is in terms of IPO announcements, just the number of announcements are actually up year to date over the past couple of years, which is which is a good sign, I think, you know, at least in terms of the number of announcements, not necessarily the total number. you know, market cap trying to go public, but at least the number of companies going public is, you know, those announced IPOs is higher than it's been the past couple years, year to date, which I think is strong, right? We want strong capital markets. It's an important part of the overall economy, even in the real economy, right? Access to capital. And so there's some bright spots there too.
How is the IPO market affecting healthcare private equity exits?
It's just, you know, this policy uncertainty will create
challenges for management teams for sponsors investors and you know we're all kind of navigating it together no and your point is so well taken in the ipo market because that's important quite frankly because it leads to a spot where where it's another exit opportunity for companies in different ways grants are often larger companies some of those are not huge ipos either and it provides another Off-Ramp to at least part of an investment and partly a liquidity event and at least the potential for one going forward. And I think that is fascinating to watch too. And so that's good news. And as the stock market rebounds, hopefully as debt costs sort of start to normalize and see a little more certainty as trade deals start to get announced, that the markets do become a little bit easier to navigate and between buy and sell. I mean, the word I've heard so often recently is pause, that people were gearing up for deals and then there was a pause in the markets.
And so we'll see if that's a pause or if that becomes elongated.
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Chapters
8 chapters
1
Who are the hosts and guests in this episode?
0:25–1:08
2
What is Matt Wolf's background in healthcare private equity?
1:08–2:29
3
What are the current trends in private equity deal activity?
2:29–3:21
4
How is the IPO market affecting healthcare private equity exits?
3:21–6:08
5
What challenges do policy uncertainties present for investors?
6:08–7:42
6
What factors influence the current pause in deal-making?
7:42–8:32
7
How do aging portfolios and dry powder impact future healthcare deals?
8:32–10:43
8
What is the shift from growth-at-all-costs to sustainable cash flow in PE investments?
10:43–13:00
Speakers
2 identifiedMore from Becker Private Equity & Business Podcast
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