Bio-Techne CorpBio-Techne is being acquired by Merck for $11.3 billion, a premium deal.
Healthcare M&A deal volume fell in the second quarter of 2026, with 459 publicly announced transactions, down from 553 in Q1:26 and a 23% decline from 503 deals in Q2:25, according to LevinPro HC data. Disclosed spending climbed to $95.3 billion across 78 transactions, nearly tripling the $28.7 billion recorded in Q2:25 and outpacing Q1:26’s $74.7 billion, driven by 21 mega-deals exceeding $1 billion. Physician Medical Group led activity with 106 deals, while eHealth was the most active healthcare technology sector with 58 deals. Private equity deal volume held steady at 151 transactions, increasing its market share to 33% from 27% in Q1:26. The largest deal was Sun Pharmaceutical Industries’ $11.75 billion acquisition of Organon & Co., followed by Merck’s $11.3 billion purchase of Bio-Techne Corporation.
Bio-Techne CorpBio-Techne is being acquired by Merck for $11.3 billion, a premium deal.
Merck & Company IncMerck's $11.3 billion acquisition of Bio-Techne is a large capital outlay, which may pressure near-term financials.
Organon & CoOrganon & Co. is being acquired by Sun Pharmaceutical for $11.75 billion, a premium deal.
Merck KGaA