Post-Pandemic Treatment Backlog to Spur Market Consolidation in European Private Healthcare Services in 2023
DBRS Morningstar published a commentary on the European private healthcare services industry and its outlook for 2023.Key highlights include:
-- The unprecedented backlog of healthcare treatments across Europe will boost demand for private healthcare services in 2023.
-- This will add momentum to the market consolidation trends already visible in several subsectors, such as diagnostic imaging or ophthalmology.
-- Despite strong demand, we expect lower profitability margins in the sector for next year, driven by high inflation.
“The deterioration in profitability in the private healthcare services sector in Europe in 2023 will weigh more on small and less efficient private clinics”, said Edoardo Danieli, Assistant Vice President of European Corporates at DBRS Morningstar. “This will create acquisition opportunities for larger entities and support the consolidation trends across the industry”, he continued.
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