Health Sector M&A Tracker / biopharma · medtech · tools & dx · services

Global deals $500M+, January 2025 – July 2026. Research tool — not investment advice.
SEED DATA AS OF
QUOTES idle ·

Monthly deal value

USD billions · stacked by sector
Biopharma Medtech Tools & Dx Services & Digital

Sector share

of tracked deal value

Largest deals in window

What is driving this

Announced Acquirer Target Value TypeSector SubsectorAsset / focus StatusSource

Incoming deals

DetectedAcquirerTarget Value SectorAsset / focusConfidenceSource

Spend by acquirer

disclosed deal value in window

Modality bought

by deal value

Therapeutic area / subsector

by deal value

Deal structure

how buyers are paying

Target geography

The recurring target profile

Acquirers

public companies doing the buying
CompanyTickerSector Where they're buying DealsSpend PriceChg

Targets still trading

deal announced, not yet closed — ticker remains live
CompanyTickerAcquirerDeal value StatusPriceChg

Named takeover candidates

third-party views, attributed — not our assessment
CompanyTickerSubsector Who said it PriceChg

Sector benchmarks

FundTickerExchangeNote PriceChg

The finding

why this tab exists

cross-referenced against every public acquirer in the tracker
CompanyTicker DealsSpend VectorPartnersWhat they're doing EvidenceSource

Dated milestones

only things with real dates

How to read the evidence grades

Quantum-linked capital this tracker cannot see

excluded from every total — this is the blind spot
DatePartyCounterpartyValueType What it isWhy it's excludedSource

Quantum vendors named on this page

named only — deliberately not priced

What is in here

What is deliberately excluded

Deals under $500M. Big pharma does a large volume of small tuck-ins; including them would triple the row count and barely move the totals. Their absence means these numbers are a floor, not a full market count.

Pure licensing and option deals with no change of equity ownership. A large share of 2026 activity — particularly China-origin assets — is structured this way, so the licensing wave is real but is not counted here.

Venture financing and IPOs. Different phenomenon.

Undisclosed-value deals appear in tables where structurally significant (large nonprofit hospital combinations, the one antitrust block) but never contribute to any total.

Rows with conflicting or approximate reporting

flagged rather than silently resolved
DealDateFlagSource

Where the data comes from

Reconciling against published aggregates