Healthcare services deal activity declined in Q3 2025, marking a temporary slowdown in private equity investment across physician practice management and other provider segments. PitchBook analysts estimate 161 healthcare services deals were announced or closed during the quarter, down 13% from Q2. The decline was driven by regulatory reviews in states such as California and uncertainty around federal policy changes under the One Big Beautiful Bill Act. Despite this short-term dip, healthcare services M&A remains on track to slightly exceed 2024 levels. Most analysts view Q3 2025 as the near-term trough, with deal activity expected to accelerate in 2026 as interest rates fall and valuation gaps narrow between buyers and sellers.
Read the full article: Has PE Healthcare Services Deal Slide Reached Bottom? //
Source: https://pitchbook.com/news/reports/q3-2025-healthcare-services-report