Healthcare systems worldwide are approaching a structural breaking point: spending continues to rise faster than outcomes, efficiency remains low, and innovation productivity in pharma is declining. At the same time, AI, automation, and digital health infrastructure are enabling new scale effects, accelerating consolidation and cross-border integration. 

After hosting a vibrant side event on November 10th—bringing together hundreds of experts to share highlights from their latest work—and following a compelling plenary presentation by Managing Partner Caspar Graf Stauffenberg at FH25, we are pleased to share with you the insightful report curated by Carlsquare and SHS Capital. 

The report, titled “HealthTech M&A 2025: Efficiency, consolidation & AI as growth catalysts”, offers an in-depth analysis of the HealthTech M&A landscape for 2025, including: 

• Defining forces shaping Healthcare M&A for the next decade
• Drivers of efficiency (leveraging AI and digitalization)
• Drivers of consolidation
• The urgent need for change amid unsustainable trends
• Current M&A market trends and investor confidence 

Get your copy here.