Middle Market Healthcare Executives Expect Growth through Acquisitions and Investments

NEW YORK — Middle market healthcare executives are focused on growing their businesses through acquisitions and investment, despite views of overregulation, a tepid economy and a major decline in approval of the Affordable Care Act, according to an exclusive study released today by CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing and advisory services to small businesses and middle market companies. The report, “U.S. Healthcare Outlook: Strong Performance Amid Healthy Capital Investment” (cit.com/healthcareoutlook), includes responses from more than 300 senior middle market executives in the healthcare industry. The study was conducted by Forbes Insights on behalf of CIT.

“This study provides critical insight into the minds of middle market healthcare executives and their focus on growing their businesses,” said Steve Warden, President of CIT Corporate Finance, Healthcare. “Nearly a third of respondents indicated that acquisitions will be an important part of their growth strategy, with an equal amount expecting to increase spending this year. And while there is an intense feeling of overregulation, healthcare executives remain confident of their future growth potential.”

Key Findings from the Study:

Complimentary copies of the report can be downloaded at cit.com/healthcareoutlook.

About the Study 

The study, which was conducted in March 2013, included insight from more than 340 middle market healthcare industry executives from companies with annual revenue between $25 million and $1 billion. Industries within the healthcare sector include skilled nursing, biotech/pharmaceutical, hospitals/medical centers, physician services, private practice, healthcare technology and medical devices.

About Forbes Insights

Forbes Insights is the strategic research and Thought Leadership practice of Forbes Media, publisher of Forbes magazine and Forbes.com, whose combined media properties reach nearly 50 million business decision makers worldwide on a monthly basis. Taking advantage of a proprietary database of senior-level executives in the Forbes community, Forbes Insights conducts research on a host of topics of interest to C-level executives, senior marketing professionals, small business owners and those who aspire to positions of leadership, as well as providing deep insights into issues and trends surrounding wealth creation and wealth management. forbes.com/forbesinsights. 

About CIT

Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35 billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com

 

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