Healthcare is the largest component of the American economy, accounting for more than 17.2 percent of the nation’s gross domestic product. It is also the fastest growing segment, forecast to increase above 20 percent of GDP in the next few years. (Source: Centers for Medicare and Medicaid Services, 2012)*
In the midst of this growth, the Affordable Care Act (“ACA” or as commonly referred to as “Obamacare”) is driving dynamic changes to the healthcare economy as it transforms patient access to care while modernizing and reengineering the current infrastructure of medical delivery.
We believe the changes precipitated by the implementation of the ACA will result in “winners” that are able to effectively adapt and thrive in the new environment, as well as “losers” that are unable to access the necessary capital and expertise to compete.
For investors, this historic period of change may offer significant opportunity to those able to identify the difference between those firms able to thrive and those that will struggle.
NexPoint Capital is a healthcare focused BDC (business development company) sponsored by NexPoint Advisors, an affiliate of Highland Capital Management, L.P. Highland Capital Management, L.P. and its affiliate advisors (together “Highland”) is an institutional investment firm with approximately $13.6 billion of assets under management with particular expertise in the healthcare sector.
We believe that with Highland’s specialized expertise, we will be able to successfully identify the “winners” and to provide NexPoint Capital investors with a unique opportunity to potentially benefit from the ongoing strength and historic change in the quickly evolving healthcare sector.**
*There is no assurance that the healthcare industry will experience growth in line with this forecast.
**Prior performance is no guarantee of future results.