ECG’s Healthcare Mergers and Acquisitions Update for Q3 of 2025 is now available! This edition features a spotlight on the Rural Health Transformation (RHT) Program.

Here are three key takeaways:

• There were 409 announced US transactions in Q3 2025, compared to 387 in the prior quarter.
  • Notable transactions from the quarter include the following:

• H.R.1, or the One Big Beautiful Bill (OBBB) Act, includes a $50 billion RHT Program, which offers strategic support to stabilize at-risk rural providers, foster innovation, and enhance care access through technology and partnerships.
• Announced US healthcare private equity deals increased from 131 deals in Q2 of 2025 to 152 deals in Q3 of 2025.
  • The quarter was marked by a $2.6 billion acquisition of Premier, a tech-driven healthcare improvement company serving providers, suppliers, payers, and life sciences, by Patient Square Capital. Significant healthcare private equity transactions announced in the quarter included the following:

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