Healthcare Market Update | Q1 2025

Latest market trends, valuation levels, and deals

The healthcare M&A market entered 2025 with strong momentum, continuing the positive trajectory seen in late 2024.

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

Investor attention remains focused on AI-driven platforms and personalized therapies, particularly in oncology and rare diseases. Scalable, tech-enabled outpatient care models with strong regional reach and digital patient access are also gaining traction. Despite ongoing geopolitical uncertainty, valuations remained quite stable, with technology-oriented and recurring-revenue models still commanding premium multiples. Buyers remain highly selective, prioritizing resilience, scalability and clear reimbursement visibility.

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