Posted on June 10, 2009 at 4:29 PM
Filed under: Acquisitions | Corporate Strategy | Growth Strategy

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In April and May CIT Group Inc. (NYSE:CIT) surveyed 101 executives at middle-market healthcare companies on their outlook. What do they expect?

For one thing, they expect growth. The report says 60% expect revenue to increase in the next year. They also expect to pay for it: More than  40% say they'll increase capital spending this year.

And they expect deals, with 44% of them seeing M&A in healthcare increasing, as opposed to the 22% who expect a decline.  More than a third (36%) said companies will need to consolidate to compete, while 20% think reduced valuations will increase acquisition opportunities.

But only 54% see the financial crisis bottoming out in 2009, while 63% see the financial markets turning around in 2010. These results are in contrast to an earlier CIT survey, in which 80% of middle-market executives from a variety of industries said they expected the crisis to bottom out in 2009 and 46% saw the financial market turnaround occurring within the year. - Kenneth Klee

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