Healthcare Market Update | Q2 2025

Latest market trends, valuation levels, and deals

The healthcare M&A market continued its positive momentum in the second quarter of 2025, reporting robust levels of both strategic and financial investment activity.

We are pleased to present the latest edition of our Healthcare Sector Market Update for the second quarter of 2025. We highlight key sector developments, current valuation dynamics and selected transactions shaping the healthcare landscape.

Despite macroeconomic uncertainty, the healthcare M&A market remained resilient in Q2 2025. Investors focused on digital solutions aimed at improving efficiency and patient outcomes. Regulatory developments in the USA — including Executive Order 14297 and new tariffs — prompted adjustments in pricing strategies and supply chains. Scalable, AI-driven platforms remained in high demand. The outlook for Q3 is positive, with continued opportunities in digital health, personalized medicine and integrated care models.

We hope you enjoy reading the report and look forward to exchanging ideas with you soon.