Remember when the word Corona- meant “ lime and beaches”? Not today…
In talking to PE firms in the last month, what am I hearing?
-Less deals likely to get done
-Restricted travel for staff
-Cancellation of some large HC meetings (HIMSS cancelled yesterday)
-Manage the downside and remember no one ever regrets making decisive adjustments in changing circumstances!
-In the short-term, build-out cash runways, revisit sales forecasts, critically evaluate headcount, review Capital spending plans and expect private fundraising to slow…
-Make sure you have assessed your management team thoroughly and have succession plans at the ready
Sounds like unless this virus and incidence begins to turn south- that the PE Healthcare market might be challenged for the next 2 quarters…
“As Darwin related, those that survive are rarely the smartest but the most adaptable to change”