Health services M&A has weathered a complicated macroeconomic and political environment. This year the market had 445 announced transactions through May 15, 2025, driving the last-twelve-month (LTM) volume to 1,265 deals (down 7% versus 2024’s 1,355) and disclosed value to about $64 billion (down 8% versus 2024 but still 2% above 2023). There was only one announced megadeal (greater than $5 billion). However, with a $17.9 billion headline price, the Walgreens Boots Alliance/Sycamore megadeal contributed about 28% of all disclosed value, cushioning the headline value decline.
Read the full article: PwC US Deals 2025 Midyear Outlook: Health Services //
Source: https://www.pwc.com/us/en/industries/health-industries/library/health-services-deals-outlook.html