Core Insights - The surge in private equity dealmaking in healthcare was primarily driven by an increase in large deals, despite macroeconomic and policy uncertainties affecting transactions early in 2025 [3][5] - Healthcare private equity deal value reached a record $191 billion in 2025, surpassing previous highs from 2021, with 445 buyouts recorded [8] - The healthcare IT sector saw significant growth, with deal value doubling to approximately $32 billion in 2025, contributing to a 57% year-over-year increase in transactions involving providers and related services [8] Deal Performance - The first quarter of 2025 experienced a 21% increase in the number of deals compared to the same period in 2024 [4] - The largest healthcare private equity deal in 2025 was the acquisition of Hologic by Blackstone and TPG, accounting for about 9% of total healthcare private equity value [5] - IT firms represented nearly 20% of healthcare transactions in 2025, up from 15% in 2021, indicating a growing investor interest in healthcare IT tools [6] Market Outlook - The healthcare private equity sector is expected to remain active in 2026, supported by high levels of dry powder and an increasing number of sponsor-owned assets nearing the end of their fund lives [7]