Healthcare M&A Remained Steady in First Half of 2025
Healthcare merger and acquisition (M&A) activity remained nearly steady in the first half of 2025, with 1,020 deals announced, according to data from the LevinPro HC platform. This represents a slight decrease compared to 1,025 transactions announced in the first half of 2024. The difference in quarter-over-quarter activity was more pronounced in the second quarter of 2025, with 489 deals announced, marking an 8% drop from the 531 transactions in the first quarter of 2025, and a 4% decrease from the 511 deals in Q2:24. Disclosed spending in Q2:25 totaled $30 billion, a 55% decrease from $66.4 billion in Q1:25, and down 41% from $50.8 billion in Q2:24. For the first half of 2025,... Read More »
Market Uncertainty Takes its Toll on Healthcare M&A in Q2
Results from the healthcare M&A market reveal activity declined sharply in the second quarter of 2025. Volume reached approximately 479 deals so far, an 8% decrease from activity in the first quarter of 2025, when 523 deals were announced. Compared with the second quarter of 2024, results are down approximately 16% in Q2:25. Dealmakers and industry experts have hinted at this slowdown in the conversations we’ve had with them over the past few months. Market uncertainty is the number one headwind cited, ranging from shifting tariff and trade policies that harm hospital supply chains to looming Medicaid cuts and persistent interest rate challenges. There is also a wave of... Read More »
Healthcare Cuts in Trump’s “One, Big, Beautiful Bill”
After pulling an all-nighter, House Republicans narrowly passed a megabill to enact President Trump’s domestic agenda. The legislation, called the “One Big Beautiful Bill Act” (OBBBA), includes sweeping healthcare cuts, affecting Medicaid and Medicare. Key Healthcare Cuts & Changes in President Trump’s Bill The bill aims to cut at least $625 billion in federal Medicaid funding over the next 10 years, according to initial estimates by the Congressional Budget Office (CBO). Medicare could also experience cuts, due to rules surrounding the Pay-As-You-Go Act from 2010, which requires any spending to be offset by automatic cuts, to avoid deficit spending. According... Read More »
Healthcare M&A Heats Up in April
As anticipated by advisors and industry professionals, deal activity in the healthcare M&A market began to accelerate in April 2025. According to data captured in the LevinPro HC database, there were 184 healthcare transactions reported in April. This is up 34% from March 2025 when 137 acquisitions were announced, and 8% from April 2024, which saw 170 deals. With the conclusion of April, there have been a total of 687 healthcare deals announced since January 1, 2025, compared with 677 transactions announced during the first four months of 2024. The most active sector was Physician Medical Groups (PMG) with 41 transactions in April, marking a slight decrease from the 44 PMG deals... Read More »
Steady Pulse: Healthcare M&A Stays Strong in Q1:25
Healthcare M&A activity in Q1:24 held steady, with a total of 480 transactions, according to data captured in the LevinPro HC database. This figure is slightly lower than the 482 deals announced in the final quarter of 2024. However, it is a small 6% decline from the 509 reported in Q1:24. The Physician Medical Group (PMG) sector drove much of the activity in the first quarter of the year, with 109 transactions. This is an 18% drop from Q1:24, when 133 PMG acquisitions were reported. The decline in activity reflects many investors’ belief that much of healthcare’s activity is shifting away from physician-driven transactions and seeking opportunities in other verticals. Dental, in... Read More »Schedule a demo
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