EUR 105B+7.5%
Total healthcare spend
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Sectors / Healthcare
Healthcare. Buyers, multiples and sector-specific value drivers.
Clinics, medtech, healthcare services, specialised providers and consolidatable platforms.
Sector focus
We do not apply a generic template. We adapt the narrative, buyer selection and price defence to the real logic of the sector.
400+
Annual M&A transactions
8-12x
Average EBITDA multiple
12,6M
Private insured population
Market
Context before discussing multiples.
Healthcare continues to consolidate across clinics, dental, ophthalmology, laboratories, medtech and healthcare services. Recurrence, regulation and scarcity of quality assets support buyer interest.
Private equity remains active in clinic and specialist service platforms.
Regulation and licences are meaningful entry barriers.
Continuity of the medical team often conditions closing.
Private healthcare and specialisation support consolidation.
Drivers
What we review before speaking with buyers.
Regulation
We read this driver with financial, operational and market data before approaching buyers.
Clinical capacity
We read this driver with financial, operational and market data before approaching buyers.
Medical team
We read this driver with financial, operational and market data before approaching buyers.
Buy-and-build
We read this driver with financial, operational and market data before approaching buyers.
Specialisation
Subsegments where the value reading truly changes.
Specialist clinics
Dental, ophthalmology, dermatology, diagnostics and outpatient centres.
- Licences
- Patients
- Medical team
Medtech
Devices, healthcare software and technology applied to care delivery.
- Certifications
- IP
- Regulation
Healthcare services
B2B providers, clinical outsourcing and services to hospitals.
- Contracts
- Quality
- Compliance
Laboratories
Diagnostics, dental labs, pathology and recurring technical services.
- Capacity
- Digitalisation
- Commercial network
Sector method
What changes in a healthcare mandate.
01
Regulatory review
Licences, authorisations, healthcare data protection, certifications, inspection history and contingencies.
02
Clinical valuation
Activity, patient base, schedule, equipment, protocols and dependence on key professionals.
03
Care continuity
Transition structure so buyer, team and patients remain stable after closing.
FAQ
Frequently asked questions for this sector.
Which multiples are used in healthcare?
It depends on the subsector. Specialist clinics and recurring services tend to receive premiums when the team is stable, licences are in order and concentration is low.
How important is regulation in a healthcare sale?
Very important. Due diligence reviews licences, authorisations, data protection, medical contracts and healthcare compliance before final terms are negotiated.
Who buys healthcare companies?
Specialist funds, healthcare groups, consolidation platforms, insurers and European operators seeking local presence.