We are happy to announce that ECG’s Healthcare Mergers and Acquisitions Update for Q2 of 2025 is now available! In this edition, you will find a spotlight on the continued patient care shift to ambulatory settings.

Here are three key takeaways:

• There were 387 announced US transactions in Q2 2025, compared to 364 in the prior quarter.
  • Notable transactions from the quarter:

• Significant Investment in ASCs and other ambulatory sites of care have continued in 2025, marked by Ascension Health’s $3.9 billion acquisition of AMSURG. In addition to acquisitions, an increasing number of systems are developing joint ventures with ASC operators as they look to expand their ambulatory presence across the country.
• Announced US healthcare private equity deals decreased from 140 deals in Q1 of 2025 to 131 deals in Q2 of 2025.
  • The quarter was marked by a $2.6 billion acquisition of HealthEdge, a next-gen SaaS platform connecting health plans, providers, and patients, by Bain Capital, Bain & Company’s private investment arm. Significant healthcare private equity transactions announced in the quarter included the following:

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