RL Hulett：2025年第一季度全球专科医疗服务行业并购市场研究报告（英文版）（22页）.pdf

1、Specialty Healthcare Services M&A UpdateQ1 2026For more information on R.L Hulett or this report please visit our website at ,call us at(314)721-0607,or contact a professional listed on this page.REPORT HIGHLIGHTS In Q1 2026,the S&P Healthcare Services Select Industry Index decreased by 8.0%,which w

2、as outperformed by the S&P 500 which saw a 7.1%decrease over the same period.The median EV/EBITDA multiple for reported private equity deals in the Specialty Healthcare Services sector increased to 15.4x in Q1 2026 from 11.5x in 2025.M&A deal volume in the sector decreased 8.4%in Q1 to 197 deals fro

3、m 215 deals in Q4,and decreased 1.5%from 200 deals in Q1 of the prior year.North America was the most active region in Q1 with 122 deals.Most notably in North America was GTCRs$2.4 billion acquisition of Dentalcorp Health Services,a Toronto-based holding company of dental service providers,in Januar

4、y 2026.Total capital invested in M&A transactions decreased 71.2%in Q1 to$4.0B from$13.9B in Q4,primarily due to multiple large-cap transactions in the previous quarter,including Cencoras$7.4B acquisition of OneOncology,in December 2025.Specialty Healthcare Services M&A UpdateQ1 2026REPORT CONTRIBUT

5、ORSTrevor HulettManaging DRyan HartmanACONTENTS3 Global Deal Analytics7 Valuation Multiples10 Leading M&A Deals13 Industry Outlook14 About R.L.Hulett16 Selected Transactions18 Our M&A TeamDax KugelmanASpecialty Healthcare Services M&A Update|Q1 2026|Page 3Source:PitchBook DataGlobal Deal Analytics11

6、455125Of the 197 deals in the Specialty Healthcare Services sector in Q1,North America was the most active with 122.A notable North American deal in the quarter(in addition to the Dentalcorp deal mentioned on the previous page)was Vanderbilt University Medical Centers$600.0 million acquisition of Te