US Health-Care Policy Makes Deals ‘Incredibly Hard’, Advent Says

June 5, 2025, 8:56 AM UTC

Health-care policy in the US poses a challenge for investors, whereas there are areas of opportunity in the sector in Europe, according to John Maldonado, managing partner at Advent.

“You have very idiosyncratic things — executive orders that could create substantive change in Big Pharma,” Maldonado said in an interview with Bloomberg Television at the SuperReturn private capital conference in Berlin. “That does make dealmaking incredibly hard.”

Elsewhere such as Europe, “dealmaking and pockets of health care can be as robust as they ever have been,” he said.

Advent’s John Maldonado discusses private equity deals and says Europe is set to benefit as investment rotates away from the US. Advent has been busy in the region, with several deals signed or close to being finalized in recent weeks, Maldonado says. Source: Bloomberg

More broadly, the rotation in dealmaking ...

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