Update: Healthcare M&A Update – November, 2025

November, 2025

As of Q3 2025, the median transaction value in healthcare was $121 million. As of Q3 2025, strategic buyers accounted for 90% of transactions.

Select recent notable publicly announced M&A transactions:

– Roche Holding AG closed its acquisition of 89bio for $3.1 billion in September 2025.

– ArchiMed SAS closed its acquisition of ARK Diagnostics for $420 million in September 2025.

– MannKind Corporation closed its acquisition of scPharmaceuticals for $409 million in August 2025.

– CorMedix closed its acquisition of Melinta Therapeutics for $325 million in August 2025.

– Bachem Americas closed its acquisition of RapheGenerics for $2.3 billion in July 2025.

 

 

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