Healthcare M&As in 2025: A Roundup

Healthcare M&As in 2025 are driving significant consolidation across digital health, provider networks, diagnostic services, behavioral health and specialty care, reflecting a strategic focus on enhancing patient outcomes and operational efficiency. Check back each month — our next update in March 2025 will bring more insights into the evolving landscape of healthcare M&As.

This Xtalks blog spotlights strategic deals in healthcare services — spanning digital health, provider networks and specialty care — that are reshaping patient engagement, operational efficiency and clinical outcomes.

Integrated Healthcare Services & Delivery

• Wellvana – CVS Health’s MSSP Business: Wellvana has acquired CVS Health’s MSSP (Medicare Shared Savings Program) business, positioning itself to enhance care coordination and value-based care delivery. The deal will expand Wellvana’s integrated services and likely improve outcomes for Medicare beneficiaries.
• Biomatrix Infusion Pharmacy – Mylyfe Health: Biomatrix Infusion Pharmacy completed its acquisition of Mylyfe Health, expanding its reach into New England markets and strengthening its portfolio of infusion and specialty pharmacy solutions.
• AmeriPro Health – Priority Medical Transport: AmeriPro Health has acquired Priority Medical Transport, a move designed to streamline patient logistics and improve service delivery in healthcare transport across the Midwest.
• Teladoc Health – Catapult Health: Teladoc Health is set to acquire Catapult Health, a provider of at-home diagnostic testing and virtual consultations, for $65 million in cash, with an additional $5 million in contingent earnout consideration. The acquisition will integrate Catapult Health’s VirtualCheckup program into Teladoc’s preventive and chronic care management services.
• Kardigan – Prolaio: Kardigan’s acquisition of Prolaio creates a pioneering heart health platform by integrating advanced cardiovascular data analytics with a tailored therapeutics solution — enhancing patient-specific treatment pathways.
• TeleMed2U – SIGMA Tactical Wellness: TeleMed2U acquired SIGMA Tactical Wellness, a provider of cardiac risk screening for law enforcement and first responders. The integration aims to expand TeleMed2U’s virtual specialty care services to high-risk populations.
• Lyra Health – Bend Health: Lyra Health has acquired Bend Health, a pediatric mental health provider, expanding its family-oriented behavioral care services. The acquisition adds youth mental health expertise and strengthens Lyra’s offerings across pediatric, neurodiversity and virtual intensive outpatient care.
• CitiusTech – Health Data Movers: CitiusTech has acquired Health Data Movers, a healthcare technology services firm with expertise in Epic Systems, Workday and ServiceNow. The acquisition strengthens CitiusTech’s ability to integrate AI, automation and analytics directly into clinical workflows, helping providers improve interoperability and efficiency.
• Sycamore Partners – CareCentrix: CareCentrix, a home-centered care company, now operates as a private standalone business under Sycamore Partners after CareCentrix’s separation from Walgreens Boots Alliance. The company continues to coordinate post-acute and home care for payers and providers.

Healthcare Providers & Services

• St. Croix Hospice – Mayo Clinic Health System’s Hospice Operations: St. Croix Hospice is expanding its regional care services by acquiring hospice operations from the Mayo Clinic Health System in Southwest Minnesota, aiming to deliver more integrated and compassionate care.
• PureHealth – Hellenic Healthcare Group: PureHealth has broadened its international presence by acquiring a controlling stake in Hellenic Healthcare Group, positioning itself to leverage new market opportunities in Greece.
• AdventHealth – ShorePoint Health System: AdventHealth completed the acquisition of ShorePoint Health System on March 1, 2025, for $260 million. The deal includes a fully operational hospital in Port Charlotte, Florida, along with several outpatient clinics and additional facilities. This move is expected to boost both patient access and service quality in the region.
• Creative Solutions in Healthcare – Diversicare: Creative Solutions in Healthcare has acquired five skilled nursing facilities in Texas previously operated by Diversicare. The acquisition adds more than 500 beds to its long-term care operations in the state.
• Arete Health – Brunswick & ProFlex Physical Therapy: Arete Health, backed by MBF Healthcare Partners, acquired Carolina Rehabilitation (Brunswick Physical Therapy) and ProFlex Physical Therapy. The deal establishes a multi-state outpatient physical therapy platform with 11 clinics across North Carolina, Maryland and Virginia.
• Covenant Health – Well-Key Urgent Care: Covenant Health acquired three Well-Key Urgent Care centers in Tennessee and added a new site in Farragut, expanding its urgent care network and linking patients to broader specialty and hospital services.
• AleraCare – PURE Healthcare: AleraCare, which operates infusion centers and specialty pharmacy services, will merge with PURE Healthcare, known for its Pure Infusion Suites serving patients with chronic and autoimmune conditions. The combined company will expand its nationwide footprint of infusion centers and patient services.
• Sila Realty Trust – Reunion Rehabilitation Facilities: Sila Realty Trust acquired two inpatient rehabilitation facilities (IRFs) in Texas and Arizona for $70.3 million. The facilities, branded Reunion Healthcare, provide nearly 90 licensed beds and are leased to Reunion Rehabilitation Hospitals in partnership with Nobis Rehabilitation Partners.
• Garnet Health – Montefiore Health System: On October 15, 2025, Garnet Health signed a Letter of Intent to affiliate with Montefiore Health System. The plan combines Garnet’s community hospitals with Montefiore’s academic and specialty services to expand access in Orange and Sullivan Counties, NY, pending definitive agreements and regulatory approvals.
• CommonSpirit Health – UPMC: On October 15, 2025, CommonSpirit and UPMC signed a Letter of Intent to integrate Ohio-based Trinity Health System into the UPMC network. Building on long-standing ties in oncology and orthopedics, the affiliation aims to keep high-quality care local across the Ohio Valley, subject to final terms and approvals.
• Community Health Systems (CHS) – Tenor Health Foundation: On October 26, 2025, CHS agreed to sell three Pennsylvania hospitals — Regional Hospital of Scranton, Moses Taylor Hospital and Wilkes-Barre General Hospital — to Tenor Health Foundation. The deal, contingent on funding and regulatory clearance, follows a prior sale termination and seeks to maintain essential services in Scranton and Wilkes-Barre.
• RestorixHealth – CūtisCare: Announced October 27, 2025, RestorixHealth acquired CūtisCare, uniting two leading providers of hospital-based wound and hyperbaric medicine services. The merger expands expertise in multi-place hyperbaric care, strengthens clinical research partnerships and increases the company’s footprint to nearly 300 partner hospitals across 41 states.
• DocGo – SteadyMD: On October 20, 2025, DocGo acquired virtual care platform SteadyMD. The deal combines DocGo’s mobile health infrastructure with SteadyMD’s 50-state clinician network, enabling real-time pairing of field clinicians with virtual providers. The move supports DocGo’s goal of offering integrated, technology-powered patient care at any address.
• Huron – AXIOM Systems (Payor Consulting Division): On November 4, 2025, Huron acquired AXIOM’s payor consulting services division to boost digital and claims-platform modernization for health insurers. About 40 consultants will join Huron with expertise in core admin systems (TriZetto Facets, QNXT, HealthEdge), expanding its role across the payor ecosystem.

Clinical Services & Hospital Networks

• Eye Health America – Schneider Eye Wellness Center: Eye Health America expanded its Southeast network by acquiring Schneider Eye Wellness Center in Florida, gaining additional capacity in optometric services, cataract surgery and medical retina care.
• Northwell Health – Nuvance Health: Northwell Health merged with Nuvance Health to form a 28-hospital system across New York and Connecticut, strengthening access to specialty services, academic affiliations and cross-state telehealth capabilities.
• Manipal Group – Sahyadri Hospitals: Manipal Hospitals is acquiring Pune-based Sahyadri Hospitals in a deal reportedly worth approximately $697 million. This marks one of the largest hospital acquisitions in India, expanding Manipal’s footprint in western India with over 1,500 additional beds.
• Extendicare – Gap Healthcare: Extendicare has acquired Closing the Gap Healthcare Group, a Canadian provider of home and community-based health services. The acquisition fortifies Extendicare’s post-acute care offerings and workforce capacity across Ontario.
• Pennant – GrandCare Home Health: The Pennant Group announced the acquisition of GrandCare Home Health, a premier home health provider in Southern California. The deal aligns with Pennant’s expansion strategy across the Western US, strengthening its portfolio of home health and hospice agencies.

Diagnostics & Laboratory Services

• Quest Diagnostics – Outreach Laboratory Services: Quest Diagnostics has extended its diagnostic network by acquiring the outreach laboratory services business from University Hospitals, thereby enhancing its national laboratory reach.
• ScreenPoint Medical – Biomediq A/S: ScreenPoint Medical acquired Biomediq A/S to boost its breast cancer risk assessment capabilities and improve early detection technologies.
• DirectMeds – Autumn DNA: DirectMeds has acquired Autumn DNA, expanding into personalized wellness. Autumn’s direct-to-consumer DNA testing supports targeted supplement and lifestyle recommendations.
• Longevity Health – THPlasma: Longevity Health has merged with THPlasma, a plasma collection and lab testing company. The deal shifts Longevity’s focus to diagnostics and biologics following the cancellation of its planned merger with 20/20 BioLabs.
• Labcorp – Community Health Systems’ Outreach Laboratory Assets: Labcorp will acquire select ambulatory outreach laboratory assets and leases from Community Health Systems (CHS) across 13 states for $195 million in cash. The transaction broadens Labcorp’s diagnostic reach while allowing CHS to focus on core hospital-based and emergency department laboratory services.
• Praxis Packaging Solutions – Advanced Concept Innovations: Praxis Packaging acquired Florida-based ACI, expanding into contract packaging of medical devices, OTC products and N95 respirators. The deal adds 160,000 ft² of facilities and broadens Praxis’ footprint to nearly 1 million ft².
• Premier Radiology Services – MetisMD: Premier Radiology Services acquired MetisMD, a teleradiology firm with expertise in musculoskeletal imaging. The deal expands Premier’s national reach and subspecialty coverage while integrating advanced technology and clinical collaboration across its network of outpatient providers.

Diagnostics & Wellness

• Quipt Home Medical – Ballad Health DME Provider: Quipt Home Medical has acquired a durable medical equipment (DME) provider owned by Ballad Health, with $6.6 million in annual revenue. The deal includes a preferred partnership covering 20 hospitals across four states.

Behavioral & Mental Health Services

• Oceans Healthcare – Haven Behavioral Healthcare, Inc.: Oceans Healthcare has strengthened its behavioral health portfolio by acquiring Haven Behavioral Healthcare, integrating comprehensive mental health services into its network.
• Pax Health – Harris Psychiatric Services: Pax Health has enhanced its specialized mental health care offerings by acquiring Harris Psychiatric Services, targeting improved recovery outcomes in workplace and accident-related settings.
• Concord Health Partners’ Portfolio Companies Enhance Behavioral Health Capabilities: Concord Health Partners’ portfolio companies, NeuroFlow and Iris Telehealth, have completed acquisitions designed to bolster their behavioral health capabilities. These transactions will integrate cutting-edge digital solutions with traditional care models to enhance patient engagement and outcomes.
• Wysa – April Health: Wysa and April Health merge to enhance behavioral health access through primary care, combining Wysa’s digital mental health tools with April Health’s care coordination to improve early intervention.
• Teladoc Health – UpLift: Teladoc Health acquired virtual mental health provider UpLift for $30 million in cash, with up to $15 million in contingent earnouts. UpLift’s platform offers therapy, psychiatry and medication management services, enhancing Teladoc’s mental health offerings and expanding access to care through covered benefits.
• Acute Behavioral Health – Oakwood Treatment Center: Acute Behavioral Health has acquired Oakwood Treatment Center, expanding its behavioral health service footprint in Michigan. The center specializes in psychiatric and substance use treatment, adding inpatient capacity to Acute’s network.
• Ashley’s Limited – Impact Biomedical: Dr. Ashley’s Limited and Impact BioMedical have announced a merger. The combined entity will pursue novel biomedical technologies in cognitive health, infectious disease and wound healing, with plans to scale intellectual property (IP) commercialization efforts globally.
• Bradford Health – The Last Resort, Crestone Wellness & The Chapter House: Bradford Health Services acquired The Last Resort Recovery Center, Crestone Wellness and The Chapter House, expanding its behavioral health network across Texas. The acquisitions add detox, residential and extended care programs to Bradford’s continuum of addiction treatment and recovery services.
• Wysa – Kins Physical Therapy: Wysa acquired Kins Physical Therapy in a “reverse acquisition” to embed its AI mental health platform directly into physical therapy services. The move connects behavioral and musculoskeletal care, speeding the adoption of Wysa’s AI solutions.

Behavioral & Pediatric Health

• Pediatrica Health Group – Coconut Creek Pediatrics: Pediatrica Health Group added Coconut Creek Pediatrics to its portfolio, broadening its outpatient pediatric care services in Florida and supporting its integrated pediatric growth model.
• Pediatrica Health Group – Pinnacles Peds Care: With the acquisition of Pinnacles Peds Care, Pediatrica continues consolidating regional pediatric clinics, increasing its ability to offer coordinated developmental, vaccination and chronic care services.
• Pediatrica Health Group – Daytona Beach Pediatrics: The acquisition of Daytona Beach Pediatrics marks Pediatrica Health Group’s third Florida clinic expansion this quarter, furthering its multi-site pediatric service delivery network.
• Pediatrica Health Group – Capote Pediatrics, Delray Pediatrics, Healthy Steps Pediatrics and Coconut Creek Pediatrics: Miami-based Pediatrica Health Group has expanded its pediatric primary care network across Florida through the acquisitions of Capote Pediatrics (Sarasota/Manatee), Delray Pediatrics (Delray Beach), Healthy Steps Pediatrics (Gainesville) and Coconut Creek Pediatrics (Coconut Creek). Each practice continues under existing leadership and will operate within Pediatrica’s growing statewide network. The acquisitions expand access to pediatric primary care while preserving community-based care models in each region.
• Porch Light Health – Comprehensive Behavioral Health Center: Porch Light Health acquired Comprehensive Behavioral Health Center, gaining outpatient medications for addiction treatment (MAT), psychiatry and counseling programs. The move enhances its wraparound addiction and mental health service offerings.
• Zarminali Pediatrics – Green Tree Pediatrics: Zarminali Pediatrics has acquired Green Tree Pediatrics, expanding its pediatric care services in Michigan. The integration will broaden community-based primary care under Zarminali’s growing provider network.
• Aveanna – Thrive Skilled Pediatric Care: Aveanna Healthcare has completed its acquisition of Thrive Skilled Pediatric Care. The acquisition brings expanded pediatric home health and therapy services under Aveanna’s umbrella, reinforcing its national footprint in pediatric care.

Digital Health, AI & Analytics:

• Myant Corp. – mmHg Inc.: Myant Corp. has bolstered its digital health strategy by acquiring mmHg Inc., a remote blood pressure monitoring specialist, thereby advancing its ‘prevention through precision’ approach.
• Net Health – Alinea Engage: Net Health strengthened its digital engagement platform by acquiring Alinea Engage, which enhances patient communication and streamlines rehabilitation workflows.
• SIPS Healthcare Solutions – Sterile Matrix AI: By acquiring Sterile Matrix AI, SIPS Healthcare Solutions has invested in an AI-driven technology platform designed to reduce operational costs and improve diagnostic precision in safety-net hospitals.
• Clario – WCGS eCOA Business: Clario has entered into a definitive agreement to acquire the WCGS eCOA business. The move will boost Clario’s digital health platform by integrating advanced technology that streamlines clinical research processes and regulatory compliance.
• ModMed – Clearlake Capital: ModMed, a leading healthcare SaaS platform, announced a significant majority growth investment from Clearlake Capital. This strategic capital infusion will accelerate the development of ModMed’s cloud-based clinical management software, supporting healthcare providers in streamlining operations and enhancing patient engagement.
• VisiQuate – Rotera: VisiQuate acquired Rotera to integrate AI and large language model (LLM)-based automation into revenue cycle workflows, including pre-authorizations and claims analytics, helping providers optimize reimbursement timelines.
• Clario – NeuroRx: Clario acquired NeuroRx to strengthen its neuroscience trial solutions, adding brain volume quantification and lesion detection capabilities to support data-driven neuroimaging endpoints.
• Cylinder – Dieta Health: Virtual GI care provider Cylinder acquired Dieta Health to scale its FDA-registered AI-powered stool imaging platform, which supports digital diagnostics for irritable bowel syndrome (IBS) and chronic GI conditions.
• InformedDNA – Coriell Life Sciences: InformedDNA added Coriell’s pharmacogenomics platform, which integrates EHR-embedded drug-gene interaction alerts and payer-aligned therapeutic optimization strategies for personalized medicine.
• LifeMD – Optimal Human Health MD: LifeMD acquired key assets from Optimal Human Health MD, a virtual care provider specializing in women’s health, to establish a comprehensive women’s health offering. The new vertical will focus on hormone health, bone density, metabolism and long-term wellness, with services expected to launch in summer 2025.
• VitalHub – Induction Healthcare Group: VitalHub announced a recommended cash acquisition of Induction Healthcare Group PLC for approximately $11 million. The acquisition aims to integrate Induction’s Zesty platform with VitalHub’s existing offerings, enhancing product efficiency and user experience.
• AssistRx – AllazoHealth: AssistRx completed the acquisition of AllazoHealth, an AI-powered healthcare technology company focused on therapy initiation and medication adherence. The acquisition would strengthen AssistRx’s advanced technology and patient support services.
• Quantum Health – Embold Health: Quantum Health is acquiring Embold Health to enhance its proprietary analytics platform with physician performance data, helping employers identify high-value care and reduce unnecessary spending across their member populations.
• Lucet – Emcara Health: Lucet will acquire Emcara Health, a home-based primary care provider operating under value-based contracts for Medicaid and Medicare Advantage. The deal expands Lucet’s presence in population health and chronic care management.
• Zelis – Medxoom (assets): Zelis acquired key assets from Medxoom, including its digital wallet and price transparency engine. The integration supports Zelis’ strategy to streamline benefits navigation, out-of-pocket visibility and mobile claims management.
• Datavant – DigitalOwl, Ontellus and Aetion: Datavant, a health data connectivity platform, has recently completed a series of acquisitions to expand its ecosystem. The company signed an agreement to acquire DigitalOwl, an AI firm specializing in medical data analysis, integrating its extraction and summarization tools with Datavant’s exchange platform and Ontellus’ claims intelligence. Earlier, Datavant finalized its acquisition of Ontellus, a health records retrieval company serving legal and insurance clients, establishing a new Legal & Insurance vertical to digitize and streamline secure records exchange. The company also had previously acquired Aetion, a real-world evidence platform used by biopharma and payers to assess therapeutic outcomes, expanding Datavant’s role in connecting clinical, claims and real-world datasets for research and regulatory applications.
• Premier, Inc. – IllumiCare: Premier has acquired IllumiCare to enhance its clinical decision support tools. IllumiCare’s technology delivers real-time alerts to providers, supporting safer, more cost-effective care at the bedside.
• VitalHub – Novari Health: VitalHub has picked up Novari Health, known for its digital tools in waitlist and referral management. The acquisition expands VitalHub’s reach across Canadian hospitals and care coordination systems.
• QGenda – New Innovations: QGenda has acquired New Innovations, a platform for managing clinical schedules and medical training programs. The deal extends QGenda’s footprint into graduate medical education.
• Quantum Health – Embold Health: Quantum Health acquired Embold Health, a company known for analytics tools that assess physician performance. The integration will enhance Quantum’s navigation and value-based care services by embedding provider quality insights into clinical decision-making workflows.
• EarlyHealth – Corena: EarlyHealth Group has acquired Türkiye-based Corena, a move that may boost digital health infrastructure across the region’s life sciences market. The deal is part of a broader $100 million investment push to support research, development and health innovation tools.
• Tempus – Paige: Tempus has acquired Paige, a digital pathology company known for developing the first FDA-cleared AI pathology tool. The deal, valued at $81.25 million, adds Paige’s dataset of 7 million digitized pathology slides and its AI models to Tempus’ precision oncology platform, strengthening its pathology and drug discovery capabilities.
• PurpleLab – KAID Health: PurpleLab acquired KAID Health, an AI-driven clinical analytics company. The deal combines PurpleLab’s large-scale claims database with KAID’s natural language processing platform to extract insights from medical notes, improving coding, compliance and patient care management.
• Brightstar Capital Partners – Analyte Health: Private equity firm Brightstar Capital Partners has acquired Analyte Health, a digital health company offering direct-to-consumer diagnostic testing and virtual care. The acquisition strengthens Brightstar’s position in tech-enabled healthcare, with Analyte continuing under CEO Fiyyaz Pirani’s leadership.
• ProRank – Goodwork: ProRank, an AI-enabled sourcing platform, has merged with Goodwork, a healthcare job board and talent marketplace. The combined company brings together ProRank’s database of 135 million candidate profiles with Goodwork’s recruiting marketplace to tackle workforce shortages and streamline healthcare hiring.
• Doximity – Pathway Medical: Doximity, the largest US digital network for physicians, acquired Pathway, a Montreal-based startup building AI-powered, evidence-based clinical reference tools. The $26M cash deal (plus equity grants) will integrate Pathway’s guideline and trial database into Doximity’s clinical workflows.
• Innovaccer – Story Health: Innovaccer acquired Story Health, an AI-enabled specialty care platform focused on cardiovascular disease. The integration supports continuous, AI-assisted specialty care pathways for conditions like heart failure and hypertension, helping health systems reduce hospitalizations and improve adherence.
• Real Chemistry – Greater Than One: Real Chemistry, a healthcare communications and analytics company, has acquired Greater Than One, an agency specializing in media and omnichannel strategy for pharma and biotech clients. The acquisition integrates media, analytics and creative capabilities within Real Chemistry’s platform.
• mPulse – Clarity Software Solutions: mPulse acquired Clarity Software Solutions, expanding its Health Experience and Insights (HXI) platform with member communication and engagement technology. The combined company serves 450+ healthcare organizations, including most top-rated Medicare Advantage plans.
• com – PGxAI: Sequencing.com has partnered with PGxAI, a company specializing in AI-driven pharmacogenomics. PGxAI’s reports, covering more than 730 drugs and 40 genes, will be available on Sequencing.com’s platform to help reduce adverse drug reactions and support precision prescribing.
• Advent International – PatientPoint: Advent International will acquire PatientPoint, a digital point-of-care engagement network reaching 30,000 physician offices and 125,000 providers. PatientPoint provides educational content and tools at the point of care, and with Advent’s backing, aims to expand its network and digital offerings.
• Wipro – HARMAN DTS: Wipro has agreed to acquire HARMAN’s Digital Transformation Solutions (DTS) unit, which includes 5,600 employees across multiple regions. The acquisition enhances Wipro’s digital engineering and R&D services across healthcare, aerospace and other industries. The deal is expected to close by December 2025.
• Curvo – BroadJump: Healthcare supply chain firms Curvo and BroadJump merged to form a unified platform covering $600 billion in non-labor spend. Backed by Hughes & Company, the combined entity will provide hospitals and suppliers with deeper insights to cut costs, improve sourcing efficiency and enhance patient outcomes.
• Sonitor – Tagnos: Sonitor, a provider of real-time location systems, has merged with Tagnos, a healthcare software company focused on workflow orchestration. The combined platform integrates location tracking with workflow automation, supporting applications such as asset tracking, patient flow, staff safety and infection control in healthcare settings.
• Knipper Health – eBlu Solutions: Knipper Health, backed by Frazier Healthcare Partners, has acquired eBlu Solutions, a provider-integrated platform that automates benefit investigation and prior authorization. The deal creates a unified therapy initiation and fulfillment platform connecting providers, payers and patients.
• ZS – Torrent Consulting: ZS acquired Salesforce partner Torrent Consulting to expand healthcare and life sciences cloud implementations. The deal blends ZS’s AI and data capabilities with Torrent’s Salesforce expertise, strengthening digital engagement platforms for patients and providers.
• Smarter Technologies – Pieces Technologies: Smarter Technologies acquired Pieces Technologies and launched SmarterNotes, combining AI-driven documentation with revenue cycle intelligence to streamline hospital workflows and improve reimbursement accuracy.
• Vyome Holdings – Oculo Health: Vyome acquired assets of MIT spinout Oculo Health, forming a new business unit focused on AI-driven inflammation research. The unit will develop an “AI psychiatrist” to address psychoneuroimmunology and behavioral drivers of systemic inflammation, targeting commercialization in the US and India.
• Hippocratic AI – Strategic M&A Expansion Funding: On November 3, 2025, Hippocratic AI raised $126 million (Series C) at a $3.5 billion valuation to scale clinically safe gen-AI agents. Funds will support product development, global rollouts and targeted M&A. Health system partners include Cleveland Clinic, Advocate Health and UHS.
• Empatica – PKG Health: Empatica acquired PKG Health on October 1, 2025, a leader in movement-disorder algorithms and digital endpoints for Parkinson’s disease. The integration brings PKG’s validated neurologic monitoring technology into Empatica’s FDA-cleared wearable platform, increasing its reach in neurology research and clinical care while advancing digital biomarker development for Parkinson’s and related disorders.
• Glooko – Monarch Medical Technologies: Announced September 23, 2025, Glooko acquired Monarch Medical Technologies, developer of the EndoTool insulin dosing system. The move extends Glooko’s digital diabetes platform into inpatient glycemic management, linking hospital insulin-dosing algorithms with outpatient monitoring tools. The integrated system could improve glucose control, reduce complications and streamline clinician workflows.

Health Technology

• Qualtrics – Press Ganey: Qualtrics will acquire Press Ganey for $6.75 billion (cash and equity). The combination pairs Qualtrics’ experience-management platform with Press Ganey’s healthcare data, benchmarks and advisory services to expand AI-driven insights for over 41,000 healthcare and life sciences clients. The closing awaits regulatory approval.
• Switchboard Health – Conduce Health: Announced November 4, 2025, Switchboard Health acquired Conduce Health to deepen AI-enabled specialty care. Conduce’s predictive models and patient-to-specialist matching will plug into Switchboard’s electronic medical record (EMR)-integrated platform, strengthening referral management and care navigation.
• DoseMe – Firstline: On November 3, 2025, DoseMe (model-informed precision dosing) acquired Firstline (infectious-disease clinical guidance). The combined platform links local stewardship protocols and resistance data with personalized dosing analytics. This will create a single workflow for clinicians and health systems to tackle antimicrobial resistance and optimize therapy.

Outpatient Care

• AMSURG – Texarkana Surgery Center: AMSURG has expanded its regional surgical services by acquiring Texarkana Surgery Center, enabling a broader range of outpatient care in Northeast Texas.
• Concentra – Pivot Onsite Innovations: Concentra completed its acquisition of Pivot Onsite Innovations, gaining access to over 150 worksite clinics that provide injury care, biometric screening and occupational health services for large employers.
• Nova Leap Health – Home Care Agency (Nova Scotia): Nova Leap Health finalized the purchase of a Nova Scotia home care agency, expanding its footprint in Atlantic Canada and increasing capacity to deliver non-medical, in-home support services.

Value-Based Care

• Aledade – CCA Holding Company (Michigan Operations): Aledade has acquired the Michigan-based value-based care operations of CCA Holding Company. The deal expands Aledade’s network of primary care practices focused on accountable care models.
• Oliver Wyman – Validate Health: Oliver Wyman is acquiring Validate Health, a value-based care analytics company. The deal brings new actuarial and modeling capabilities to support providers and payers in shared-risk contracts.
• NationsBenefits – CareCar: NationsBenefits acquired CareCar, a non-emergency medical transportation (NEMT) platform. The integration adds ride access to NationsBenefits’ unified benefits system, addressing transportation barriers for millions of health plan members.

Pharmacy Services

• Guardian Pharmacy Services – Mercury Pharmacy Services: Guardian Pharmacy Services acquired Mercury Pharmacy Services, expanding its presence in the Pacific Northwest and enhancing delivery logistics and compliance solutions for long-term care facilities.
• Guardian Pharmacy Services – Wichita Pharmacy: With the acquisition of a Wichita-based pharmacy, Guardian strengthens its long-term care operations in the Midwest and adds fulfillment capacity for institutional medication management.
• AIS Healthcare – Preferred Excellent Care: AIS Healthcare’s infusion division, Advanced Infusion Care, has acquired Preferred Excellent Care, a Garden Grove, CA-based pharmacy specializing in infusion medications. The acquisition expands AIS’s reach on the West Coast and adds to its network of pharmacies serving patients with complex immune conditions.
• Guardian Pharmacy Services – Managed Healthcare Pharmacy: Guardian Pharmacy Services has acquired Oregon-based Managed Healthcare Pharmacy, marking its first presence in the state. The deal expands Guardian’s long-term care pharmacy network across the Pacific Northwest, serving assisted living, behavioral health and developmental disability communities.
• Sycamore Partners – Shields Health Solutions: Shields Health Solutions became a private, standalone specialty pharmacy company following its acquisition by Sycamore Partners and Stefano Pessina. Shields supports more than 80 health system partners and 7 million patients with specialty pharmacy services.
• LucyRx – CerpassRx: LucyRx acquired CerpassRx, bringing its pharmacy benefit manager (PBM) membership to over 1.5 million members and expanding its clinical programs with AI-driven tools.
• Bambu Ventures – Lemonaid Health: Bambu Ventures, with Innova Capital Partners, will acquire Lemonaid Health and Lemonaid Pharmacy out of bankruptcy through a special purpose vehicle (a separate entity created to structure and manage the deal). The deal revives Lemonaid’s telemedicine and online pharmacy services, expanding patient access to on-demand digital care.
• UMB Healthcare Services – Old National Bank HSA Portfolio: UMB Healthcare Services purchased over 8,000 Health Savings Accounts (HSAs) and $32.5 million in deposits from Old National Bank. The acquisition grows UMB’s HSA business to nearly 1.6 million accounts and $4.6 billion in assets.

Healthcare Manufacturing & Supply Chain

• Precision Concepts – Comar: Precision Concepts International (a Sterling portfolio company) acquired Comar, creating a scaled North American rigid-packaging platform spanning healthcare and consumer end markets. The combined company broadens capabilities across medical plastics, personal care and pharma packaging.
• SK Capital – LISI Medical (renamed Precera Medical): SK Capital closed its purchase of LISI Group’s Medical division on October 31, 2025, rebranding it as Precera Medical, a Minnesota-based CDMO serving global device original equipment manufacturers (OEMs). Precera focuses on precision components for surgical robotics, minimally invasive surgery, orthopedics and interventional therapies. They have sites in the US and France. LISI retains a minority stake.
• UPS – Andlauer Healthcare Group (AHG): Completed November 3, 2025, UPS acquired Canada-based Andlauer Healthcare Group for $1.6 billion. The deal expands UPS Healthcare’s cold-chain and third-party logistics network, strengthening its role in complex healthcare transport.

Medical Supply and Distribution

• Asker Healthcare Group – Novus Med: In late October 2025, Asker Healthcare Group acquired UK-based Novus Med Holdings, a niche distributor of endoscopic surgery and patient-positioning technologies. The acquisition, a bolt-on to HSL Group, expands Asker’s minimally invasive surgery offerings and presence across UK hospitals. The acquisition, a bolt-on to HSL Group, expands Asker’s minimally invasive surgery offerings and presence across UK hospitals.

Specialty Health

• RxStrategies/Hudson Headwaters 340B and RPH Innovations Merge to Form Pillr Health: In a strategic merger, RxStrategies, Hudson Headwaters 340B and RPH Innovations have joined forces to form Pillr Health. The combined entity is designed to streamline 340B operations, a federal drug pricing program that helps healthcare providers access discounted medications, drive cost efficiencies and expand access to affordable medications.

Dental Services

• Wellfit Technologies – Launch Loyalty: Wellfit Technologies acquired the Launch Loyalty dental membership plan business unit from Careington International Corporation. The acquisition would enhance Wellfit’s healthcare technology platform and expand its offerings in the dental membership space.
• Standard Dental – iCoreConnect: Standard Dental purchased most assets of iCoreConnect out of bankruptcy, adding its cloud-based dental workflow solutions used by 20,000 practices. This marks Standard Dental’s tenth dental-sector acquisition.

Payer & Insurance Deals

• Elevance Health – Granular Insurance (Verily): Elevance Health announced the acquisition of Granular Insurance, a stop-loss insurance unit from Verily, in February 2025. This move is expected to expand Elevance’s portfolio by providing tailored insurance solutions that help employers manage high-cost claims. The deal reflects the growing trend among payers to leverage technology for more precise risk management and improved cost control.
• Beyond Risk Management – Beyond Health: Beyond Risk Management announced the strategic consolidation of its employee benefits businesses under the unified “Beyond Health” brand. The consolidation aims to streamline operations and enhance service offerings in the employee healthcare benefits sector.
• The Doctors Company – ProAssurance: The Doctors Company and ProAssurance have cleared regulatory review to move forward with their planned combination. The deal brings together two major players in the medical professional liability insurance industry.
• Stone Point – Northlane Capital (The Difference Card): Stone Point Capital has acquired The Difference Card from Northlane Capital. The company specializes in benefit design tools for self-insured employers, adding to Stone Point’s portfolio of healthcare services.
• Symetra – Dearborn Group (Life & Disability Business): Symetra has reached an agreement to acquire Dearborn Group’s life and disability insurance business. The transaction expands Symetra’s reach in group benefits and employer coverage markets.
• Relation Insurance – Bridlewood Insurance: Relation Insurance Services acquired Bridlewood Insurance Services, a Medicare-focused insurance agency based in California. The deal expands Relation’s Medicare offerings, including Advantage, Part D and supplemental plans, across multiple US markets.
• Inszone Insurance Services – Rocky Mountain Insurance Group: Inszone Insurance has acquired Montana-based Rocky Mountain Insurance Group, a benefits and group health insurance agency founded in 2006. The deal marks Inszone’s entry into the Montana market and expands its benefits division with added expertise in employee health coverage.
• Cresso Health – GPS Insurance: Cresso Health acquired Florida-based GPS Insurance, a distributor of health insurance products. The deal expands Cresso’s field presence to over 250 agents and strengthens its technology-enabled platform for insurance carriers and compliance solutions.
• Ambac Financial Group – ArmadaCare:
  • Ambac will acquire supplemental health program manager ArmadaCare from SiriusPoint for $250 million. ArmadaCare’s employer-focused benefits will expand Ambac’s distribution platform, diversify specialty products and maintain a five-year capacity agreement with SiriusPoint. Closing is expected in late 2025.
  • On November 3 2025, Ambac acquired ArmadaCare. ArmadaCare keeps its brand and leadership as a wholly owned subsidiary, adding depth to Ambac’s accident and health businesses and expanding employer benefit offerings.

Post-Acute & Long-Term Care

• CareTrust REIT – Pacific Northwest Portfolio: CareTrust REIT purchased a portfolio of skilled nursing and assisted living properties in the Pacific Northwest for approximately $146 million, furthering its investment strategy in healthcare real estate.
• Extendicare – Revera (9 LTC Homes): Extendicare acquired nine long-term care homes from Revera, adding over 1,000 beds across Ontario and Manitoba and advancing its goal of modernizing Canada’s elder care infrastructure.
• The Ensign Group – Skilled Nursing Facility (California): The Ensign Group acquired a standalone skilled nursing facility in California, expanding its post-acute care footprint and reinforcing its decentralized operating model, which is focused on local leadership.
• Sonida Senior Living – Dallas-Fort Worth Asset: Sonida Senior Living acquired a 98-unit assisted living and memory care community in Mansfield, Texas, for $15.6 million. The purchase expands its Dallas-Fort Worth footprint to nine properties, adding scale and local efficiencies.
• Regional Health Properties – SunLink Health Systems: Regional Health Properties, a real estate investment company focused on senior living and care facilities, will merge with SunLink Health Systems, a healthcare services provider. Regional will survive as the combined entity, pending final closing conditions.

Regulatory

• Healthcare Holding Schweiz – Effectum CH-Rep: Effectum CH-Rep, a Swiss Authorized Representative under MDR-equivalent regulation, was acquired by Healthcare Holding Schweiz to support medtech manufacturers entering the Swiss market.

Financial & Revenue Cycle Management

• Phreesia – AccessOne: Phreesia agreed to acquire AccessOne, a healthcare receivables financing company, for $160 million in cash. The deal adds $450 million in managed receivables to Phreesia’s platform, enhancing patient payment plan options for health systems.
• Provana – MEG Business Management: Provana, a provider of AI-driven revenue cycle management (RCM) and compliance solutions, acquired MEG Business Management, which supports independent physical therapy practices with practice management, credentialing and marketing. The deal expands Provana’s end-to-end RCM services for wellness and rehabilitation.

HR Tech & InsurTech Solutions

• Employee Navigator – Velocity Benefits’ AI Software: Employee Navigator acquired Velocity Benefits’ AI-powered plan-building tool, which extracts data from carrier quotes to automate plan setup. The software will be integrated into Employee Navigator’s marketplace in October 2025, with Velocity support continuing through the end of the year.

Other Healthcare & Services

• Labcorp – Select Assets of BioReference Health: Labcorp agreed to acquire select assets of BioReference Health, a subsidiary of OPKO Health, for up to $225 million. The acquisition focuses on BioReference’s oncology testing services, generating annual revenues of $85 million to $100 million. Labcorp plans to integrate these capabilities to broaden its testing menu and improve diagnostic accuracy in cancer care.
• Sycamore Partners – Walgreens Boots Alliance: Sycamore Partners has completed its $10 billion acquisition of Walgreens Boots Alliance (WBA), in partnership with Executive Chairman Stefano Pessina and his family, who reinvested their full stake in the company. Under private ownership, Walgreens, The Boots Group, Shields Health Solutions, CareCentrix and VillageMD will operate as standalone businesses focused on enhancing service quality and operational performance.
• Cosentus – Alta Management Solutions: With the acquisition of Alta Management Solutions, Cosentus will expand its national footprint in revenue cycle management and administrative services. The deal will allow Cosentus to offer scalable operational support to provider organizations across the US.
• Patient Square Capital – Premier Inc.: Private equity firm Patient Square Capital agreed to acquire healthcare improvement company Premier for $2.6 billion ($28.25 per share). The deal, expected to close in early 2026, will take Premier private and expand its supply chain, data and consulting services portfolio.
• Accenture – The Highlands Consulting Group: Accenture has acquired The Highlands Consulting Group, a Sacramento-based management consulting firm with experience in healthcare, transportation and social services. The acquisition expands Accenture’s presence in California and strengthens its consulting capabilities with state agencies.
• GovCIO – SoldierPoint Digital Health: GovCIO has acquired SoldierPoint Digital Health, a Virginia-based company spun out of Iron Bow Technologies that develops digital health solutions for the US Department of Veterans Affairs (VA). The acquisition expands GovCIO’s federal health technology capabilities, supporting telehealth programs serving over 2.7 million veterans.
• SCH Capital Holdings – Statera: SCH Capital, which invests in human capital management solutions for healthcare, acquired Statera, a consulting and technology firm specializing in physician compensation management. Statera’s platform helps automate pay structures and align incentives for hospitals and medical groups.
• Paradigm – Careswitch: Paradigm acquired AI startup Careswitch to strengthen its revenue cycle and claims processing platform for home care providers. The deal integrates AI-driven billing automation and fraud detection to streamline reimbursement for Veterans Affairs (VA) and Medicaid providers.
• Ntracts – MCN Solutions: Ntracts purchased MCN Solutions, a healthcare policy management and compliance firm. The acquisition adds regulatory alerts, e-learning and policy libraries to Ntracts’ contract lifecycle management (CLM) platform, creating an integrated compliance solution for providers.
• KindlyMD – Nakamoto Holdings: KindlyMD, a provider of integrated healthcare services, has filed a definitive information statement with the SEC for its proposed merger with Nakamoto Holdings, a Bitcoin-focused company. The deal aims to combine healthcare operations with digital asset management, pending regulatory approval.
• Machinify – Performant Healthcare: Machinify, a healthcare intelligence firm, will acquire Performant Healthcare for about $670 million. The deal combines Machinify’s AI-driven payer systems with Performant’s analytics to improve accuracy and transparency in healthcare reimbursements.

Divestitures & Strategic Exits

• HCAP Partners – Chordline Health: HCAP Partners recently announced its exit from Chordline Health. This move is part of a broader strategy to streamline its investment focus and capitalize on new opportunities in the evolving healthcare landscape.
• Azara Healthcare – I2I Population Health: Azara Healthcare and I2I Population Health have united to manage safety-net populations. This partnership aims to enhance care coordination and optimize resource utilization for underserved communities.
• Prime Healthcare – Ascension: Prime Healthcare finalized a $375 million acquisition of eight Ascension hospitals in the Chicago area. This deal gives Prime Healthcare its first significant footprint in Chicago, adding multiple hospitals, senior care facilities and clinics to its portfolio. The transaction will drive investment in facility upgrades and improved patient outcomes across a system that now comprises over 50 hospitals nationwide.

Workforce & Staffing

• Aya Healthcare – Locum’s Nest: Aya Healthcare has acquired UK-based Locum’s Nest, a digital workforce management platform for hospitals. The deal supports Aya’s international growth and tech-enabled staffing services.
• Abacus Group – Medicus IT: Abacus Group and Medicus IT are merging to create a managed IT services platform focused on healthcare, financial services and other regulated industries. Together, they will support infrastructure, cybersecurity and compliance needs.
• ASA Safety Supply – OccuFit: ASA Safety Supply has acquired OccuFit, expanding its occupational health and safety services portfolio. The acquisition adds screening, testing and workforce wellness solutions to ASA’s offerings.
• Agile Occupational Medicine – Akeso Occupational Health: Agile Occupational Medicine and Akeso Occupational Health have merged under Angeles Equity Partners and Kain Capital to create one of the largest independent occupational health providers in the US. The merger expands their network to 42 clinics across California and Arizona.
• VeraNorth Capital Management – RN Express: VeraNorth Capital Management has launched VeraNorth Healthcare Private Equity Fund and simultaneously acquired RN Express, a New York-based clinical staffing firm. The acquisition anchors VeraNorth’s long-term healthcare investment strategy, supporting organic growth and additional roll-ups across urgent care, skilled nursing and hospice sectors.
• Pennant Group – Healing Hearts Home Health: Pennant Group acquired Healing Hearts Home Health in Wyoming, expanding its home health and outpatient therapy network. The deal strengthens Pennant’s presence in the Mountain West region with patient-centered in-home care.
• THL Partners – Headlands Research: THL Partners will acquire Headlands Research, a multinational clinical trial site network previously backed by KKR. Headlands operates sites across North America in CNS, vaccine and metabolic disease trials, with a focus on diversity in patient recruitment. The deal is expected to close in 2025.
• CHG Healthcare – CareerMD: CHG Healthcare has acquired CareerMD, enhancing CHG Healthcare’s ability to connect healthcare professionals with career opportunities. CareerMD hosts over 100 in-person career fairs annually at teaching hospitals nationwide, along with virtual events across more than 36 specialties.

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