If you are anything like me, you have had a few sleepless nights worrying about the future of the health-services industry. Historically, the industry has been a safe haven for investment due to the fact that it is not directly dependent on economic cycles. That, however, has changed in recent years (Figure 1).
I was recently speaking with a client of mine who had spent about eight years growing his diagnostic imaging company. He had built up significant equity in the business and was concerned that capital gains rates may increase dramatically in 2009. In addition, he was eyeing some acquisition targets that would tuck in nicely with his current centers.