Investing in Healthcare 2025: Grant Thornton Stax PE Investor Survey

Investing in Healthcare 2025: Grant Thornton Stax PE Investor Survey

Rob Larson & Jordan Abrams • September 9, 2025
Rob Larson & Jordan Abrams • September 9, 2025

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The healthcare private equity investment landscape in 2025 is expected to be shaped by a mix of optimism and caution. Even with tariff-related uncertainty and a challenging macroeconomic, investor sentiment has strengthened since the start of the year, with many expecting steady or increased deal activity. ​A combination of attractive assets coming to market, record-long hold periods, and pressure from LPs is driving expectations for greater capital deployment. At the same time, tariffs, shifting reimbursement dynamics, and operational challenges are prompting investors to adopt a more rigorous and data-driven diligence approach. ​


Within this environment, thematic focus areas such as healthcare facilities, hospital operations software, and non-physician services are drawing significant attention, with AI increasingly viewed as an important influence on investment opportunities.​ Our Healthcare vertical has compiled the results of a recent survey, conducted by Grant Thornton Stax, highlighting the changing landscape in the Healthcare industry and the opportunities becoming present to PE investors.

Download the report below to learn more about Grant Thornton Stax Healthcare survey, including key takeaways such as:

  • Deal Flow Optimism
  • New Assets Entering the Market
  • Tariff Impacts
  • Factors Driving Valuations 
  • Our Top 3 Areas of Investment Focus
  • Physician Practice Management (PPM) Investment Opportunities
  • Deep-Dive Into Hospital Operations
  • Impacts of AI
Download the full report here

Download the report below to learn more about Stax Healthcare survey, including key takeaways such as:

  • Deal Flow Optimism
  • New Assets Entering the Market
  • Tariff Impacts
  • Factors Driving Valuations 
  • Our Top 3 Areas of Investment Focus
  • Physician Practice Management (PPM) Investment Opportunities
  • Deep-Dive Into Hospital Operations
  • Impacts of AI
Download the full report

About Grant Thornton Stax

Grant Thornton Stax has a 30-year track record in successfully guiding management and private equity investors through value creation strategies. Our extensive experience within the financial services sector consists of multiple engagements in the banking, wealth & asset management, insurance, and broader financial technology. Visit www.stax.com or click here to contact us directly.

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