Matt Brohm Quoted in S&P Global on Healthcare Private Equity Investment Trends

Matt Brohm, AGG Healthcare Private Equity team co-chair, was quoted in a S&P Global Market Intelligence article examining healthcare private equity investment trends and the factors contributing to fewer, but significantly larger, transactions across the industry.

Although private equity investment in U.S. healthcare facilities reached $12.5 billion in 2025, overall deal volume declined as financing conditions, higher borrowing costs, and pricing differences between buyers and sellers continued to affect middle-market transactions. “Fewer deals were executed last year, particularly within the middle market, as financing remained difficult due to higher borrowing costs and stricter lender underwriting, while pricing remained misaligned between buyers and sellers,” Matt said.

Despite the drop in overall deal count, Matt noted that the divergence between deal count and value stemmed from investors not pulling back on capital altogether but instead becoming more selective about where they placed it.

“Capital didn’t disappear, but it was deployed more cautiously and concentrated in a smaller number of transactions where investors had a clear line of sight on reimbursement, operations and exit options rather than broadly across all facility types,” he noted.

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