Healthcare Public Finance
A tenured team on a powerful healthcare platform
220+
Public finance healthcare transactions since 2018, all roles and bid types*
No. 1
In the nation by number of healthcare private placement issues*
6
Offices across the nation
No. 3
In the nation by number of negotiated & private placement healthcare transactions*
People focused. Partnership driven.
Piper Sandler is a national leader in healthcare finance. We help our clients achieve their strategic objectives by providing comprehensive investment banking solutions, underwriting services, loan placement capabilities, in-depth healthcare industry knowledge, trading expertise and strong distribution channels.
*Source: Thompson Reuters 2018-2022
We specialize in healthcare financing for:
|
|
|
Recent Transactions
Featured Reports
The Weekly Healthcare Market Update, provides healthcare professionals with a summary and analysis of healthcare capital markets activity. Subscribe below.
The Week of April 29, 2024
The inflation data within the Q1 2024 GDP and the March Personal Consumption Expenditures (PCE) reports continued to show sticky price levels which caused Treasury yields to rise during the week. Overall, 10yr and 30yr Treasury yields increased 5 and 6 bps, respectively. also moved higher last week with yields rising 6-7 bps across the curve. However, municipals continue to outperform the treasury market and municipal ratios sit near all time lows. Inflows returned to municipal bond funds as $200 million was added to funds in the most recent week. Municipal bond funds have experienced inflows in eight of the last ten weeks. Hotter than expected inflation reports in April have led the market to recalibrate its rate cut expectations for 2024. Within a span of three months, markets have shifted from pricing five rate cuts to just one. The Fed will gather for a FOMC meeting this week. While Fed action is not anticipated at the meeting, markets will be watching closely to see if the central bank hints at the possibility of a rate hike at future meetings in order to move inflation towards the Fed’s 2% target.
The Week of April 22, 2024
Treasury yields increased across the yield curve last week with 10yr Treasury yields moving 12 bps higher and 30yr yields rising 11 bps. Municipal yields followed Treasury yields higher week-over-week as 10yr and 30yr municipal yields rose 7 bps, respectively. The seven week streak of inflows into municipal bond funds was snapped last week as funds experienced $1.5 billion in net withdrawals. The odds of a Fed rate cut this summer continue to dwindle as the first full rate cut is not priced in until November. In comments last week, Fed Chair Jerome Powell said inflation has not moved quickly enough towards the Fed’s 2% policy target. As a result, the current interest rate policy will remain intact until additional progress on inflation is shown. The Personal Consumption Expenditures (PCE) report will be released on Friday and will provide another inflation data point for the Fed as they prepare for the FOMC meeting next week.