September 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 September 2025 below.

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Notable Sector Deals: September 2025

Agentis Health’s acquisition of Living With

• Agentis Health Group has launched with backing from LDC and its first acquisition, Living With

• Formed from within Ashtons, the new platform combines digital, therapeutic, and diagnostic expertise

• The Group will operate through three divisions: Agentis Healthcare, Agentis Therapeutics, and Agentis Diagnostics

• Living With, alongside Ashtons’ Virtual Hub and Primary Care Services, will sit within Agentis Healthcare

• The platform aims to help the NHS improve management of long-term conditions and reduce system pressures

Acquisition of OLM Systems by Civica

• Civica has acquired OLM Systems, a UK-based provider of cloud software for social care

• OLM Systems develops digital case management tools that help local authorities deliver and manage social care more effectively

• The deal strengthens Civica’s GovTech capabilities, expanding its presence across social care and local government services

• OLM’s team and technology will integrate into Civica’s existing social care portfolio, enhancing support for councils and care providers

• This move reflects growing investment in digital infrastructure to improve efficiency and outcomes in social care delivery

Management buy-out of Select Healthcare

• Foundation Partners and Deer Capital have backed Brett Bernard in a management buyout of Select Healthcare Group

• Select operates 32 homes providing elderly and specialist care services across the UK

• The deal secures leadership continuity and supports growth under management’s ownership

• It increases Foundation Partners’ UK care investment to over £500m and takes the footprint to c.3,000 beds

• The transaction adds specialist care and advances the goal of a fully integrated national care platform

Compass’ acquisition of Consult Search & Selection

• Compass Recruitment Solutions (CRS) has acquired Consult Search & Selection, a specialist recruiter in life sciences, med-tech and healthcare

• The acquisition expands CRS’ sector expertise and global reach, enhancing its ability to deliver end-to-end recruitment solutions for high-growth healthcare businesses

• Consult’s leadership team will remain in place, ensuring continuity and supporting further growth

• This marks CRS’ second acquisition since Cow Corner’s investment in March 2024, following the purchase of executive search firm Carter Schwartz, now rebranded as Compass Carter Osborne

Healthcare Market Activity: September 2025

Private Equity Activity

Sub-sector	Target	Acquirer / Investor	Exiting PE
Digital Health	Living With	Agentis Health (LDC)	N/A
Digital Health	OLM Systems	Civica (Blackstone)	N/A
Elderly Care	Belvedere Manor Care Home	Lovett Care (HIG)	N/A
Medical Equipment	Redditch Medical	Schülke & Mayr	Traditum
Recruitment	Consult Search & Selection	Compass Recruitment Solutions (Cow Corner)	N/A
Specialist Care	Select Healthcare Group	Foundation Partners & Deer Capital	N/A

Venture Capital Activity

Target	Description	Lead Investor	Investment
Cyted Health	Non-endoscopic diagnostic platform for GI health	EQT Life Sciences	$44m
Enhanced Genomics	3D multi-omics platform	BGF Parkwalk	$19m
MyWay Digital Health	Diabetes self-management platform	Foresight	£3m
NRG Therapeutics	Drug discovery for neurodegenerative diseases	Dementia Discovery Fund	£50m
Patients Know Best	Personal health record platform	DNV Ventures	N/D
Salient Bio	IBD diagnostic test	THENA Capital	£2.35m
TERN Group	AI-driven healthcare recruitment	Notion Capital	$24m