Lexology January 20, 2026
The health care transactional landscape may have been quieter than anticipated at the beginning of 2025, with providers experiencing financial strains, but the year finished out with a high level of activity, marked by opportunistic growth strategies. Transactions will continue to be anything but “cookie-cutter.” In this article, we highlight eight M&A trends demonstrating how the financial landscape, regulatory considerations, cross-disciplinary strategies and market disruptors shaped deals in 2025 and how these same factors will continue to impact deals in 2026.
1. Non-Core Asset Carveouts
Over the past year, we saw growth in strategic divestitures involving non-core assets. One area contributing to this momentum relates to the proliferation in the sale of outreach laboratory testing businesses by health care systems....







