The hospitals and clinical analysis laboratories in Brazil had a heated year in the mergers and acquisition market. According to a KPMG survey, the number of transactions in the first quarter of 2025 rose 80% over the same period of the previous year: 9 operations were recorded, compared to 5 in 2024.
The data analyzed by KPMG cover 43 sectors of the Brazilian economy.
Business growth in the segment goes against the Brazilian economy as a whole, which recorded a 6% drop in mergers and acquisitions in the same period, according to the survey. In all, there were 330 closed businesses in the country in the first three months of this year, compared to the 350 registered in the first quarter of 2024.
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“This result highlights the continuity of the sector consolidation process, which has been accelerated in recent years and reflects the growing attraction of strategic and financial investors,” says Jean Paraskevopoulos, KPMG’s clients and markets in Brazil and South America.
He points out that since the upward movement of the previous year, companies in the segment have benefited from new opportunities for consolidation and innovation.
According to Paraskevopoulos, among the factors that boost discharge, are the digitization of health services, the use of artificial intelligence, the growth of popular clinics and the demand for integrated and more efficient solutions.
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Of the operations carried out in the hospitals and laboratories sector at the beginning of the year, four were domestic, which involved only Brazilian companies, and one was classified as CB1. That is, there was the participation of a foreign company acquiring capital of national company.
In the broader context, KPMG attributes the slowdown in mergers and acquisitions in the country to factors such as international geopolitical instability and the typical seasonality of the first trimester. “The tendency is for this movement to recover in the next quarters,” says Paulo Guilherme Coimbra, a partner at KPMG.
