Gary W. Herschman, Health Care Mergers and Acquisitions attorney, in the firm’s Newark office, was quoted in Mergermarket, in “Private Equity Has Its Heart Set on Cardiology,” by Rebecca Wenzel.
Following is an excerpt:
The number of deals across all PPM specialties reported in 2021 was healthy, without a slowdown in sight, Herschman said. In 2020, there were about 200 reported transactions among specialty physician groups. In 2021, the number almost doubled, with a reported 393 transactions.
Herschman attributes the heightened deal activity largely due to COVID, he said. As independent physician practices struggled during the onset of the pandemic in 2020, many began exploring sale options. Private equity backing provides infrastructure efficiencies, access to more capital and ancillary services to grow revenue. In the wake of the pandemic, many practices are beginning to understand that "bigger is better" due to the substantial benefits of being part of a larger health organization, Herschman said.
People
Board of Directors / Member of the Firm
