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Healthcare Sponsors Flocked to Public Markets in 2020: Bain

Healthcare Sponsors Flocked to Public Markets in 2020: Bain

Private-equity backed healthcare businesses headed to public markets in droves last year, an exit trend that is expected to extend into 2021, according to a report on the sector.

The rise of special-purpose acquisition companies, or SPACs, as a viable exit strategy for private-equity backed assets, coupled with a number of traditional initial public offerings in the healthcare sector last year, helped contribute to the increase, consulting firm Bain & Co. said in the report released Tuesday.

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