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Trending Valuations in Healthcare IT With Mikel Parker of AMB
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On this episode of The Banker's Corner, McGuireWoods' Geoff Cockrell invites Mikel Parker, Head of Investment Banking and Managing Director at AMB, to discuss current valuation trends in healthcare IT and other sub-sectors.
As a firm, AMB broadly focuses on healthcare services, healthcare IT, and pharma services, but during this episode, Mikel mainly discusses healthcare IT trends and insights to the company’s services in this sector.
Mikel breaks down the healthcare IT market, pinpointing four main sectors within the concentrated field, as well as the two types of buyers he comes across in his work. In a COVID-world, the trend toward more digital monitoring and healthcare access continues to grow, opening up opportunities for investors and companies alike. From ongoing trends to down-the-line predictions, Mikel discusses all things transactional within the world of AMB, particularly this growing field of healthcare IT.
Featured Guest
Name: Mikel Parker
What he does: As the Head of Investment Banking and the Managing Director at AMB, Mikel handles client strategy, sourcing deals and transaction execution. Over the course of his 20+ years in financial services and investment banking, Mikel has executed transactions across a wide spectrum of industries.
Organization: AMB
Connect: LinkedIn
Notes From the Banker’s Corner
Top takeaways from this episode
★ Healthcare IT has been, and will continue to be, a popular trend. Mikel predicts healthcare IT will continue to prove profitable as companies adjust to this new COVID-world where the digitization of healthcare is so much more vital than it was pre-pandemic.
★ The market is shifting models. Trends seem to show that companies are shifting from transaction-based models to recurring-based models. In other words, companies are changing models to improve their profit margins by switching revenue models.
★ There are four sectors of healthcare IT. Throughout his many transactions with AMB, Mikel has observed four main categories, or sub-sectors, within the realm of healthcare IT: revenue cycle management, patient engagement, HIM coding, and services-side monitoring. As an advisor, each of these needs to be tended to and organized in order for the client to achieve the most success.
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