Windy City Windfall

Chicago is home to 148 active private equity firms, according to PitchBook, along with countless investment banks, M&A advisory firms, management consultants, banking institutions and supporting accounting and law firms. The largest companies in the hospital sector hold less than five percent market share, says Rex Burgdorfer, a partner at Chicago investment bank Juniper Advisory, which specializes in the acute care/hospital arena. According to the Centers for Medicare and Medicaid Services, a U.S. governmental agency, national healthcare expenditures accounted for over 18 percent of the country's gross domestic product (GDP). According to data by Refinitiv, 21 healthcare deals closed in January and February, for a total deal value of $5.4 billion, compared to 37 deals for a value of $9.5 billion during the first two months of 2022.