European Healthcare M&A Outlook 2026: Resilience and Consolidation

In Europe, Healthcare M&A transaction volumes contracted in 2025, even as investor interest in strategic acquisitions remained strong. Europe logged over 1.100 Healthcare deals in 2025-despite this contraction. The strongest quarter was Q1 with 356 transactions, while the other three quarters remained more or less stable, averaging 248 deals each. Macroeconomic uncertainty hit transaction numbers, leading to 279 fewer transactions in Europe compared to the previous year. Yet the sector’s appeal endured. Buyers sought to enhance tech capabilities and footholds in adjacent markets, often through MedTech M&A and specialized medical devices platforms.

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Source: https://www.imap.com/en/insights/2026/European-Healthcare-M-and-A-Outlook-2026-Resilience-and-Consolidation~cv

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