June 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 June 2025 below.

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Notable Sector Deals: June 2025

PHL’s acquisition of trading subsidiaries of Totally Plc

• A transformational acquisition for PHL Group, acquiring the trading subsidiaries of Totally plc

• The deal includes Totally’s elective care and corporate wellbeing subsidiaries through a share sale, and the simultaneous purchase of the business and assets of the urgent care division

• The acquisition significantly expands PHL’s service footprint and strengthens its position as a leading independent healthcare services provider

• Backed by Ethos Partners, PHL continues its strategic growth trajectory following earlier acquisitions of Malling Health and Synaptik

Accel-KKR’s investment into CareLineLive

• A significant investment from Accel-KKR into CareLineLive, a fast-growing home care management software provider

• CareLineLive offers an all-in-one cloud-based platform for homecare agencies, integrating staff scheduling, client visits, patient records and invoicing

• The investment will fuel international expansion, platform development, and enhanced customer support

• The transaction underlines continued interest in the care management software sector, with other PE-backed consolidators such as Person Centred Software and Nourish having completed a variety of bolt-on deals

Downing backs new platform Fortava Healthcare

• A new dementia care platform launched with the backing of Downing, with the strategic acquisition of two purpose-built care homes

• Fortava Healthcare, based in Peterborough, is led by Johann van Zyl (ex-Cornerstone Healthcare) and Jamie Stuart (former Deputy Head of Healthcare at Virgin Money)

• The business has acquired The Maltings and Thorpe Wood, two 50-bed homes previously operated by Peterborough Care

• Fortava aims to deliver innovative dementia care, underpinned by cognitive stimulation therapy and a values-driven culture for residents and staff

Acquisition of AdviseInc by NEC

• A strategic acquisition for NEC Software Solutions UK, acquiring health analytics company AdviseInc

• AdviseInc provides procurement analytics and benchmarking tools to NHS organisations and global health systems

• Its solutions support smarter buying decisions, greater efficiency, and improved visibility across healthcare procurement

• The acquisition strengthens NEC’s health proposition, combining AdviseInc’s data capabilities with NEC’s core technologies and customer base

• The deal reflects ongoing interest from acquirers and investors in high-quality software and data providers that deliver measurable benefits to the NHS

Healthcare Market Activity: June 2025

Private Equity Activity

Sub-sector	Target	Acquirer / Investor	Exiting PE
Clinical Services	Totally Plc’s trading subsidiaries	PHL Group (Ethos Partners)	N/A
Digital Health	CareLineLive	Accell-KKR	N/A
Pharma Services	Decisive Consulting	Herspiegel (DFW Capital)	N/A
Specialist Care	Fortava Healthcare	Downing	N/A
Specialist Care	Serenity Care Homes	Tristone (Duke Royalty)	N/A
Specialist Care	Strathallen Care Home	Milewood (BC8)	N/A

Venture Capital Activity

Target	Description	Lead Investor	Investment
Outsee	AI-based predictive genomics	Ahren Innovation Capital	£1.8m
Perci Health	AI-powered virtual cancer clinic	Guinness Ventures	£3m
Ceryx Medical	Pacemaker technology	Development Bank of Wales	£5m
Draig Therapeutics	Therapies for neuropsychiatric disorders	Access Biotechnology	$140m
Crucible Therapeutics	Therapies to address causes of MND	Innovate UK	£2.3m