Weekly Business Insights 07/27/2023

Healthcare private equity deals scored second-biggest this year

Recession proof-Health care dealmaking hit record levels in both value and volume in 2022,according to a report by Bain & Company. The total deal value reached $90 billion from $151billion in 2021. The Healthcare private equity has earned a recession proof reputation, typically outperforming overall private equity activity during “economic downturns”, while the space is resilient, investors will face continued challenges ahead as labour cost and interest rates continue to climb, and credit continues to be tight.

Here are some of the spaces to watch: Bio-pharma and LS, expansions around value based care, adapting to AI breakthroughs and Health IT seems recession proof and in need.

Change is coming as 2023 moves on.. Investors who have previously weathered downcycles, now have new play books to for the oncoming times, this includes playing to long term trends and getting deals closed amid capital and inflatory restrains.

Down but not out: healthcare private equity deals reached nearly $90 billion in 2022, the industry’s second-biggest year on record

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Revolutionizing Asset Tracking In Healthcare With AI-Based Real-Time Location Systems

AI-powered asset tracking enables hospitals and other healthcare facilities to optimize asset utilization and reduce capital expenses.

By gaining insights into asset utilization patterns, facilities can make better-informed decisions about asset procurement, redistribution and maintenance. Optimization such as this also reduces the need for excessive inventorying and helps minimize asset loss, including theft. The AI algorithms employed in these next-generation solutions have the ability to automate the asset management processes, like PAR level management which are significant drivers for return and optimization. 

RTLS has the potential to transform asset tracking in the healthcare industry. While traditional solutions faced limitations in terms of accuracy, infrastructure requirements and cost-effectiveness, the arrival of AI-powered RTLS with Bluetooth technology offers a promising glimpse into the future of enhanced patient care and operational excellence.

Revolutionizing Asset Tracking In Healthcare With AI-Based Real-Time Location Systems -Healthcare Business Today

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Top 10 global procurement and supply chain awards

Procurement Magazine takes a look at 10 of the top global procurement and supply chain awards. Key objectives of the awards:

To recognise outstanding achievement in supply chain management, to reward those companies who have attained the highest standards, to highlight the importance of, and the opportunities offered by excellent supply chain management, to celebrate, as an industry, the successes of the past year to provide a unique networking opportunity for the world’s senior supply chain professionals

Top10 global procurement and supply chain awards | Procurement Magazine