Private Capital’s Evolving Playbook for Healthcare and Life Sciences

Private capital is poised to remain a driving force in healthcare and life sciences, even as the sector navigates a more complex and competitive environment. After a record-setting surge in 2024 — when global healthcare private equity reached an estimated $103 billion in cumulative deal flow, the third-highest year on record — 2025 reinforced the trend with investors continuing to rewrite the rules amid regulatory disruption, political volatility, and a rapidly evolving biotech landscape.

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