Australian M&A and equity raisings
1,881 deals since January 2025, each with its advisers and sources · as at 8 Nov 2026 · Venture rounds
51 deals · A$28bndisclosed · Health care · Clear
Columns
| Date | Target | Vendor | Acquirer | Type | Status | Value A$m | Sector | Advisers |
|---|---|---|---|---|---|---|---|---|
| Dec 2024 | Randlab Group | – | Animalcare Group | Acquisition | Completed | 120.0 | Biotech and pharmaceuticals | Squire Patton Boggs (buy-side)Pitcher Partners (buy-side) |
| Jan 2025 | ImaginAb therapeutic candidates, biologics technology platform and research facility | ImaginAb | Telix Pharmaceuticals | Asset sale | Completed | 67.3 | Biotech and pharmaceuticals | Jefferies (sell-side)Stifel (sell-side) |
| Feb 2025 | AdvanCell | – | SV Health Investors | Stake | Completed | – | Biotech and pharmaceuticals | Johnson Winter Slattery (buy-side)Honigman (buy-side) |
| Feb 2025 | Mayne Pharma Group | – | Cosette Pharmaceuticals | Scheme | Withdrawn | 672.0 | Biotech and pharmaceuticals | Jefferies (sell-side)Gilbert + Tobin (sell-side)Arnold & Porter (sell-side)Davis Wright Tremaine (sell-side)EY (sell-side)Deloitte (sell-side)Santander (buy-side)UBS (buy-side)Corrs Chambers Westgarth (buy-side)Ropes & Gray (buy-side) |
| May 2025 | Ruah Community Services | – | – | Merger | Completed | – | Hospitals, clinics and aged care | BDO |
| May 2025 | Riverlink Disability Services | – | SydWest Multicultural Services | Acquisition | Completed | – | Hospitals, clinics and aged care | Gilbert + Tobin (buy-side) |
| Jun 2025 | InVetro | – | Animalcare Group | Stake | Announced | – | Biotech and pharmaceuticals | Squire Patton Boggs (buy-side) |
| Jun 2025 | BaptistCare (NSW, ACT, WA) | – | – | Merger | Completed | – | Hospitals, clinics and aged care | HWLE Lawyers |
| Jun 2025 | Lyrebird Health | – | – | Stake | Completed | – | Medical devices and technology | Herbert Smith Freehills Kramer (sell-side) |
| Jul 2025 | Bluechiip Limited (ASX:BCT) and its US-based subsidiary, the Bluechiip Group | – | Cryonix | Asset sale | Announced | – | Medical devices and technology | Moray & Agnew (sell-side)Mills Oakley (buy-side) |
| Jul 2025 | Plena Healthcare | Zenitas Healthcare | Australian Unity | Acquisition | Completed | 70.0 | Hospitals, clinics and aged care | Record Point (sell-side)Greenhill (buy-side)Mallesons (buy-side) |
| Aug 2025 | DBG Global Enterprises | – | BDT & MSD Partners | Stake | Announced | 7,000.0 | Biotech and pharmaceuticals | MinterEllison (sell-side) |
| Aug 2025 | DBG Health | – | BDT & MSD Partners | Stake | Completed | 1,600.0 | Biotech and pharmaceuticals | MinterEllison (sell-side)Allens (buy-side)Sidley Austin (buy-side) |
| Aug 2025 | Carlisle Health | securityholders of Carlisle Health | Quadrant Private Equity | Acquisition | Announced | 200.0 | Hospitals, clinics and aged care | Allier Capital (sell-side)Jones Day (sell-side)Piper Alderman (sell-side)Stanton Road Partners (buy-side)Mallesons (buy-side)PwC (buy-side) |
| Aug 2025 | Telecare | – | Teladoc Health International | Acquisition | Completed | – | Hospitals, clinics and aged care | Clayton Utz (buy-side) |
| Aug 2025 | Apiam Animal Health | – | Adamantem Capital Management | Scheme | Completed | 228.4 | Hospitals, clinics and aged care | Luminis Partners (sell-side)Herbert Smith Freehills Kramer (sell-side)Kroll (sell-side)GRT Lawyers (sell-side)Grant Samuel (buy-side) |
| Sep 2025 | Jones Radiology | I-MED Radiology Network | Jones Radiology doctor group | Stake | Completed | – | Hospitals, clinics and aged care | HWLE Lawyers (buy-side) |
| Sep 2025 | Solventum purification and filtration (P&F) business | Solventum Corp | Thermo Fisher Scientific | Asset sale | Announced | 6,157.2 | Medical devices and technology | Clayton Utz (sell-side)Cleary Gottlieb Steen & Hamilton (sell-side) |
| Oct 2025 | NewPsych Psychologists | Founders of NewPsych Psychologists | Partnered Health | Acquisition | Announced | – | Hospitals, clinics and aged care | Mills Oakley (sell-side) |
| Oct 2025 | Pacific Smiles Group | – | Beam Dental Bidco | Takeover | Completed | – | Hospitals, clinics and aged care | Gilbert + Tobin (sell-side)Deloitte (sell-side)Clifford Chance (buy-side) |
| Oct 2025 | Sedarex | – | Biotron | Acquisition | Completed | 1.5 | Biotech and pharmaceuticals | Peak Asset Management (buy-side) |
| Jan 2026 | National Capital Private Hospital | certain Healthscope Group entities | Ramsay Health Care | Asset sale | Announced | 251.0 | Hospitals, clinics and aged care | Herbert Smith Freehills Kramer (buy-side) |
| Jan 2026 | Cannatrek | – | Little Green Pharma | Scheme | Completed | – | Biotech and pharmaceuticals | K&L Gates (sell-side)Intrinsic Partners (sell-side)RSM (sell-side)Hamilton Locke (buy-side)Canaccord Genuity (buy-side) |
| Feb 2026 | Eucalyptus | Blackbird Ventures | Hims & Hers Health | Acquisition | Completed | 1,751.8 | Hospitals, clinics and aged care | K&L Gates (sell-side)Gilbert + Tobin (sell-side)Cooley (sell-side)MinterEllison (buy-side) |
| Feb 2026 | Southern Cross Diagnostics | – | Novacyt SA | Acquisition | Completed | – | Medical devices and technology | Hamilton Locke (buy-side)Addleshaw Goddard (buy-side)Frieh, Brault & Associés (buy-side) |
| Feb 2026 | SAVI Surgical | – | Smartways Logistics | Acquisition | Completed | – | Medical devices and technology | Record Point (sell-side) |
| Feb 2026 | Bedford Services & Advisory Limited (Subject to Deed of Company Arrangement) | – | The Disability Trust | Acquisition | Completed | – | Hospitals, clinics and aged care | HWLE Lawyers (sell-side) |
| Feb 2026 | SDI | Jeffery James Cheetham | Beijing Guoci Kebo Technology Co. | Scheme | Completed | 166.4 | Medical devices and technology | Houlihan Lokey (sell-side)DLA Piper (sell-side)Rothschild & Co (buy-side)Herbert Smith Freehills Kramer (buy-side) |
| Mar 2026 | Opal Healthcare | – | Pacific Equity Partners | Stake | Completed | – | Hospitals, clinics and aged care | Allens (buy-side) |
| Mar 2026 | Collingwood Children’s Farm | – | – | Merger | Completed | – | Hospitals, clinics and aged care | HWLE Lawyers |
| Mar 2026 | Infinite Care | MA Financial Group | Anglicare Sydney | Acquisition | Pending | – | Hospitals, clinics and aged care | Corrs Chambers Westgarth (sell-side)Allens (buy-side)Canterbury Partners (buy-side)Russell Kennedy (buy-side) |
| May 2026 | I-MED Radiology Network | Permira | Jardine Matheson | Acquisition | Announced | 3,400.0 | Hospitals, clinics and aged care | Allens (buy-side)Linklaters (buy-side)Chapman Tripp (buy-side)Cooley (buy-side) |
| May 2026 | Imexpharm | SK Group | Lian SGP Holding | Acquisition | Announced | – | Biotech and pharmaceuticals | Allens (sell-side)Linklaters (sell-side) |
| May 2026 | Estia Health | Bain Capital | Stonepeak | Acquisition | Completed | – | Hospitals, clinics and aged care | Gresham (sell-side)Allens (sell-side)MinterEllison (buy-side) |
| May 2026 | Kyra flow products | Telstra Health | Alcidion Group | Asset sale | Announced | 3.0 | Medical devices and technology | Henslow (buy-side)Arnold Bloch Leibler (buy-side) |
| Jun 2026 | Aspen Pharmacare Asia Pacific business | Aspen Pharmacare Holdings | BGH Capital | Acquisition | Announced | 2,370.0 | Biotech and pharmaceuticals | Allens (buy-side) |
| Jun 2026 | Partnered Health Group | Funds managed and/or advised by Quadrant Private Equity | Bupa | Acquisition | Announced | – | Hospitals, clinics and aged care | Ashurst Perkins Coie (buy-side) |
| Jul 2026 | LaCorium Health | founders of LaCorium Health | Prestige Consumer Healthcare | Acquisition | Completed | – | Biotech and pharmaceuticals | Addisons (sell-side)Pitcher Partners (buy-side) |
| Jul 2026 | Experteeth Dental Group | – | Q & M Dental Group (Singapore) | Acquisition | Announced | 119.6 | Hospitals, clinics and aged care | Holding Redlich (buy-side)Icon Law (buy-side) |
| Aug 2026 | South Australian Health and Medical Research Institute (SAHMRI) | Government of South Australia | Adelaide University | Acquisition | Announced | – | Biotech and pharmaceuticals | HWLE Lawyers (sell-side) |
| Aug 2026 | DR2 business (13SICK, DoctorDoctor, 24-7Medcare and Australian Surgical Assisting) | – | Black Kite Partners | Acquisition | Completed | – | Hospitals, clinics and aged care | Herbert Smith Freehills Kramer (buy-side) |
| Aug 2026 | Everlight Radiology | Livingbridge | Radiology Partners | Acquisition | Announced | – | Hospitals, clinics and aged care | Allens (sell-side)Linklaters (sell-side)Jones Day (buy-side) |
| Sep 2026 | ITM Isotope Technologies Munich SE | – | Telix Pharmaceuticals | Merger | Announced | 3,337.9 | Biotech and pharmaceuticals | Centerview Partners (sell-side)Latham & Watkins (sell-side)Morgan Stanley (buy-side)Sidley Austin (buy-side)Herbert Smith Freehills Kramer (buy-side) |
| Sep 2026 | Microba Life Sciences | – | Genetic Signatures | Scheme | Announced | – | Medical devices and technology | Latimer Partners (sell-side)Thomsons (sell-side)AE Advisors (buy-side)Gadens (buy-side) |
| Sep 2026 | Agilex Biolabs | Healius | Novotech Health Holdings | Acquisition | Announced | 160.0 | Biotech and pharmaceuticals | UBS (sell-side)Mallesons (sell-side) |
| Oct 2026 | Heidi | – | Blackbird | Stake | Completed | – | Medical devices and technology | Ashurst Perkins Coie (sell-side) |
| Oct 2026 | Ramsay Générale de Santé SA | Ramsay Health Care | – | Scheme | Announced | – | Hospitals, clinics and aged care | Deloitte (sell-side)Goldman Sachs (sell-side)Herbert Smith Freehills Kramer (sell-side)EY (sell-side)PwC (sell-side) |
| Oct 2026 | Rekover Therapeutics | Tenmile | Invex Therapeutics | Acquisition | Announced | – | Biotech and pharmaceuticals | Moore Australia (buy-side) |
| – | Downs Nursing Agency | – | ARA Group | Acquisition | Announced | – | Hospitals, clinics and aged care | KPMG (sell-side) |
| – | Northpharm | – | Fortitude | Acquisition | Announced | – | Biotech and pharmaceuticals | KPMG (sell-side) |
Deals come from ASX announcements, scheme booklets, prospectuses, the advisers' own deal announcements and the press. How the data is built