August 2025: Healthcare M&A Snapshot

View our summary of the key M&A, private equity and venture capital deals across the UK healthcare sector in August 2025 below.

Notable Sector Deals: August 2025

A significant deal for Sano Physiotherapy, with Bestport Private Equity supporting a secondary management buyout
Sano offers physiotherapy services to a wide range of clients, including the NHS, corporates, medico-legal providers and private patients
Founded in 2010 by Matt Taylor, the business has seen substantial growth, driven by a combination of organic expansion and strategic acquisitions
The deal represents a strong return for incumbent investor, Solingen Private Equity, who backed Sano in 2017 and supported growth in recent years
The investment from Bestport will support continued expansion, with a particular focus on acquisitive growth

A notable investment from BGF into Northern Ireland-based specialist care provider, CWC Group
Founded in 1983 by sisters-in-law Monica Byrne and Imelda McGrady, CWC provides domiciliary, residential nursing, and disability care across seven locations in Northern Ireland
Now operated by Monica’s daughters, Aisling Byrne and Shauna Byrne, the investment will be used to support CWC’s acquisition of new sites and development of its specialist care services
The deal is BGF’s first investment into a female-led business since it committed £300m to scaling female-led enterprises over the next five years

An interesting acquisition for Mindler, with the addition of ieso Digital Health UK, an online talking therapies service available to over 20 million adults through the NHS
Ieso holds contracts with a third of ICBs in England, in addition to a national contract in Scotland, having collaborated with the NHS for over a decade
The acquisition will combine Mindler’s digital therapy platform with ieso’s video and typed cognitive behavioural therapy and AI-powered clinical tools
The deal highlights continued interest in scalable mental health platforms from both private equity and corporate acquirers

Another strategic acquisition for G Square-backed Keys Group, adding Mable Therapy to the group
Mable is a speech and language therapy provider that uses an innovative platform to offer online speech and language assessments to children and young people
The business works with schools, multi-academy trusts and local authorities, as well as directly with families to deliver these services
The deal follows Keys’ recent acquisition of ADHD360, with Mable joining the group’s health division as it continues to broaden and diversify its service offering

Sub-sector	Target	Acquirer / Investor	Exiting PE
Clinical Services	Mable Therapy	Keys Group (G Square)	N/A
Elderly Care	Five care homes from Graham Care Group	Hartford Care (Foundation Partners)	N/A
Pharma Services	Panthera Biopartners	LDC	BGF Gresham House
Physio	Sano Physiotherapy	Bestport Private Equity	Solingen Private Equity
Medical Devices	OrganOx	Terumo	BGF
Specialist Care	CWC Group	BGF	N/A

Target	Description	Lead Investor	Investment
Duality Healthcare	Private GP and primary care provider	N/D	£4.5m
Ensilitech	Technology for the storage and transportation of vaccines	Eos Advisory	£4.5m
Neurovalens	Non-invasive neurotechnology	Clarendon	£6.0m
Wanda Health	Remote patient monitoring platform	EMV Capital	£0.9m