Newswire October 17, 2025
Black Book Research

The first of two Black Book investor briefs identifies the health-tech categories demonstrating pilot-to-scale momentum and early indicators of exit-level multiples.

LAS VEGAS, October 17, 2025 (Newswire.com) – Ahead of HLTH 2025, a targeted pulse of 154 provider buyers and past HLTH attendees indicates that despite rebrands, M&A, and a flood of recycled ideas seeking capital, three categories are positioned to generate disproportionate enterprise value and near-term displacement in Q1 2026.

For investors: venture, growth equity, private equity, and strategics, as well as enterprise HCIT buyers, these findings mark where pilots are converting to production and incumbents face accelerating erosion.

According to Doug Brown, Founder of Black Book Research, “We’re entering a correction phase where investors...

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