LUTZ BUSINESS INSIGHTS
Quarter three middle market M&A report 2021
The global mergers and acquisitions market reached new record highs in Q3-21 as companies who are flush with cash look to take advantage of current macroeconomic trends and emerge from the pandemic with new capabilities and growth opportunities. The total deal value in the lower middle market increased by a staggering 109.6% from Q2-21 and 202.2% from the same quarter in 2020. Deal count also increased 4.9% q/q to 3,910. Total M&A activity is expected to remain strong through the end of 2021, resulting in total expected deal values in 2021 that surpass those recorded in each of the previous three years.
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Provider relief fund reporting
The Provider Relief Fund (PRF) Reporting Portal opened for Reporting Period 2 on January 1, 2022, and will remain open through March 31, 2022, at 11:59 PM ET. What you need to know:
- Who needs to report? Providers who received more than $10,000 in PRF Payments from July 1, 2020, to December 31, 2020.
- The deadline to use these funds was December 31, 2021.
- HRSA Resources Available to assist with reporting:
- Post-Payment Notice of Reporting Requirements
- Lost Revenues Guide – Reporting Period 2
- What’s New in Reporting Period 2 Fact Sheet
- Reporting Resource Guide – Reporting Period 2
- There is a very comprehensive Reporting Portal User Guide (with many helpful screenshots, definitions, examples, etc.)
- There are also Data Entry Worksheets to assist providers in preparing to report through the portal
- Contact the Provider Support Line at (866) 569-3522
Providers who were required to report in Reporting Period 1, but did not report:
- Providers who received one or more payments exceeding $10,000 between April 10, 2020 - June 30, 2020, were required to Report in Reporting Period 1.
- HRSA states that “You are out of compliance with the PRF Terms and Conditions and must return your Payment Period 1 PRF payment(s) to HRSA.”
- There are additional instructions on the HRSA site for returning payments and other information regarding “non-compliance”
Upcoming Reporting Requirements:
| Period | Payment Received Period | Deadline to Use Funds | Reporting Time Period |
| 3 | January 1, 2021, to June 30, 2021 | 6/30/2022 | July 1, 2022, to September 30, 2022 |
| 4 | July 1, 2021, to December 31, 2021 | 12/31/2022 | January 1, 2023, to March 31, 2023 |
If you have any questions, please contact Paul Baumert, Julianne Kipple or Lauren Duren, or call us at 402-496-8800.
Last Updated: 1/14/2022
NEED HELP WITH PRF REPORTING?
Lutz can help you navigate the PRF reporting process successfully. Contact us today!
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