Healthcare Services Buyout Acquisitions in 2025

Acquisition Volume in Healthcare Services Buyout in 2025 by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Healthcare Services Buyout Acquisitions in 2025. 510 2022 308 2023 401 2024 497 2025 ~676 est. 176 2026
Actual Full-year estimate
  • Buyer
    Platinum Equity
    Target
    Owens & Minor Products & Healthcare Services (P&HS) business (including the Owens & Minor brand)
    Seller
    Owens & Minor, Inc.
    Type
    Buyout

    Platinum Equity completed the acquisition of Owens & Minor’s Products & Healthcare Services (P&HS) segment, creating a privately held standalone company operating under the Owens & Minor brand. The seller retained a 5% equity stake, and the acquired business is expected to be rebranded as Accendra Health, Inc. effective December 31, 2025.

  • Buyer
    Johnson & Johnson
    Target
    Halda Therapeutics OpCo, Inc.
    Location
    United States
    Type
    Buyout

    Johnson & Johnson completed its acquisition of Halda Therapeutics OpCo, Inc. for $3.05 billion in cash. The deal brings Halda’s proprietary RIPTAC platform and its clinical-stage prostate cancer therapy HLD-0915, along with earlier-stage RIPTAC candidates for other solid tumors, into J&J’s oncology portfolio.

  • Buyer
    VSP Vision
    Target
    Marcolin
    Seller
    PAI Partners, Other minority shareholders
    Location
    Veneto, Italy
    Type
    Buyout

    VSP Vision completed its acquisition of Marcolin, a global eyewear design, manufacturing, and distribution company, from PAI Partners and other minority shareholders. Marcolin will continue to operate alongside Marchon Eyewear, with both businesses continuing as they do today.

  • Buyer
    Solventum
    Target
    Acera Surgical
    Type
    Buyout

    Solventum completed its acquisition of Acera Surgical, a privately held bioscience company focused on regenerative wound care. The deal includes $725 million in upfront cash plus up to $125 million in contingent cash payments tied to future milestones.

  • Buyer
    LDC, Taking Care management team
    Target
    Taking Care
    Seller
    AXA Health
    Location
    Devon, United Kingdom
    Type
    Buyout

    LDC has backed a management buyout of Taking Care, a UK provider of personal alarms, smart home monitoring and emergency response services, from AXA Health. The investment will support Taking Care's management team, led by CEO Steve Gates, to expand services, pursue complementary acquisitions and scale its telecare offering across the UK.

  • Buyer
    Fulgent Genetics, Inc.
    Target
    Bako Diagnostics, StrataDx
    Location
    United States
    Type
    Buyout

    Fulgent Genetics entered into a definitive agreement to acquire selected assets of Bako Diagnostics and to acquire StrataDx for a combined purchase price of approximately $55.5 million, subject to adjustments. The acquisitions are expected to close in the first half of 2026, subject to customary closing conditions and regulatory approvals.

  • Buyer
    JAB Insurance
    Target
    Utmost Group plc — Life and Pensions business (Utmost Life and Pensions, ULP)
    Seller
    Utmost Group plc
    Location
    United Kingdom
    Type
    Buyout

    JAB Insurance entered into a definitive agreement to acquire Utmost Group plc’s Life and Pensions business (ULP), a UK life and pensions platform serving approximately 290,000 pensioners and holding more than £5 billion of assets under management. The acquisition targets a UK Bulk Purchase Annuity (BPA) franchise, with ULP having completed 11 full buy-ins totaling £311 million since entering the market in late 2024. The deal is subject to regulatory approvals and customary closing conditions and is expected to close in the first half of 2026.

  • Buyer
    SBC Medical Group Holdings Incorporated, SBC Medical Group Co., Ltd., SBI Securities Co., Ltd.
    Target
    Waqoo, Inc.
    Seller
    Yoshiyuki Aikawa (Chairman and CEO of SBC Medical Group Holdings Incorporated)
    Location
    Japan
    Type
    Buyout

    SBC Medical Group Holdings Incorporated, through its Japanese subsidiary SBC Medical Group Co., Ltd., announced the commencement and final results of a tender offer to acquire shares of Waqoo, Inc. at JPY 1,900 per share. Alongside the tender offer, Chairman and CEO Yoshiyuki Aikawa is expected to transfer his remaining Waqoo shares to SBC Medical via an off-market transaction, resulting in SBC Medical becoming the parent and largest shareholder.

  • Buyer
    Accordion
    Target
    Pinnacle Healthcare Advisors
    Type
    Buyout

    Accordion, an AI- and data-powered financial consulting firm focused on private equity, has acquired Pinnacle Healthcare Advisors to expand its Revenue Cycle Management (RCM) capabilities. Approximately 20 Pinnacle professionals joined Accordion, and former Pinnacle principals Andrew Jacobsen and Todd Hakala have joined Accordion as managing directors to strengthen the firm's RCM Center of Excellence.

  • Buyer
    Strateva Healthcare
    Target
    Meridian Health Partners
    Type
    Buyout

    Strateva Healthcare, a New York–based healthcare services platform, completed the acquisition of Meridian Health Partners and its subsidiaries on December 18, 2025. The deal (cash and equity consideration; terms undisclosed) consolidates governance, operations and technology to scale Meridian’s multi-site clinical operations across Florida’s west coast while founders Adil Nasir and Natalie Macdonald remain in leadership roles.

  • Buyer
    OneAdvanced
    Target
    Patchs Health Limited
    Location
    England, United Kingdom
    Type
    Buyout

    OneAdvanced has acquired AI-healthcare innovator Patchs Health Limited to integrate Patchs' AI triage, ambient scribe and workflow automation into OneAdvanced's next-generation healthcare platform. The deal embeds Patchs' technology (already used in ~1,000 NHS GP practices) into OneAdvanced's national-scale clinical systems to accelerate capability and platform expansion for UK primary care.

  • Buyer
    Touchmark
    Target
    The Hacienda at Georgetown (now Touchmark at Georgetown)
    Type
    Buyout

    Touchmark, a Beaverton, Oregon-based operator of full-service retirement communities, acquired The Hacienda at Georgetown (now Touchmark at Georgetown) on December 17, expanding its Texas footprint. The community in Georgetown, Texas will retain existing team members and continue to provide independent living, assisted living, and memory care under the Touchmark brand.

  • Buyer
    HealthStream
    Target
    MissionCare Collective
    Type
    Buyout

    HealthStream has acquired MissionCare Collective, the operator of myCNAjobs.com and related workforce tools, in a deal valued at up to $40 million. The acquisition adds the nation's largest caregiver career network to HealthStream's hStream platform, expanding its workforce ecosystem to better serve non-medical caregivers, home health aides, and CNAs.

  • Buyer
    Solis Mammography
    Target
    Knoxville Comprehensive Breast Center
    Type
    Buyout

    Solis Mammography, the nation's largest independent provider of specialized breast health services, has acquired Knoxville Comprehensive Breast Center, expanding Solis's footprint into East Tennessee. The acquisition brings the long-established Knoxville breast center into Solis's network as the company expands into its 24th major market.

  • Buyer
    Great Point Partners
    Target
    Lenis Group
    Location
    Slovenia
    Type
    Buyout

    Great Point Partners has acquired a majority stake in Lenis Group, a Ljubljana-based full-service commercialization and distribution partner for niche and specialty prescription medicines across Central and Eastern Europe. The investment will support Lenis's regional expansion, strengthen senior leadership (including appointment of former Biogen CEO Michel Vounatsos as board chairman), and deepen its capabilities in market access, regulatory, medical and distribution services.

  • Buyer
    Cencora, Inc.
    Target
    OneOncology
    Seller
    TPG, Other shareholders of OneOncology
    Type
    Buyout

    Cencora, Inc. entered into a definitive agreement to acquire the majority of the outstanding equity interests it does not already own in OneOncology from TPG and other shareholders. The transaction is valued at an enterprise value of $7.4 billion, with expected close by the end of Cencora’s fiscal 2026 second quarter subject to customary regulatory approvals.

  • Buyer
    The Generation Essentials Group (TGE)
    Target
    Upper View Regalia Hotel
    Location
    Malaysia
    Type
    Buyout

    AMTD Digital’s subsidiary, The Generation Essentials Group (“TGE”) , entered into a sale and purchase agreement (SPA) to acquire an 80% stake in Upper View Regalia Hotel in Kuala Lumpur, Malaysia. The deal consideration is HK$300 million (about US$38.6 million), subject to customary closing conditions.

  • Buyer
    Medical Technology Associates, LLC
    Target
    Florida Pipette Calibration, LLC
    Type
    Buyout

    Medical Technology Associates, LLC (MTA), a Pinellas Park, Florida-based provider of healthcare testing, inspection, certification, repair and calibration services, has acquired Florida Pipette Calibration, LLC, a Vero Beach-based pipette calibration and repair services provider. Florida Pipette will continue to operate under its existing brand and management, and G2 Capital Advisors acted as exclusive buy-side advisor to MTA.

  • Buyer
    Sentact
    Target
    Performance Health Partners, Vizient Patient Safety Organization
    Seller
    Vizient
    Location
    United States
    Type
    Buyout

    Sentact, a Nashville-based healthcare technology and services company, has acquired Performance Health Partners (a Best-in-KLAS incident/event management software provider) and the Vizient Patient Safety Organization (a large AHRQ-listed PSO with 332 participating organizations). The deals expand Sentact’s patient-safety capabilities by adding industry-leading incident reporting software and a nationally scaled PSO to its technology, analytics, and services portfolio.

  • Buyer
    MedStar Health
    Target
    Hope for Henry Foundation
    Location
    District of Columbia, United States
    Type
    Buyout

    MedStar Health has acquired the Hope for Henry Foundation and will integrate its pediatric, evidence-based incentive program directly into MedStar’s clinical operations. The move formalizes a partnership of more than two decades and aims to embed Hope for Henry’s programming across MedStar’s pediatric service lines to improve patient experience, reduce sedation for procedures, and standardize the program as part of routine care.

  • Buyer
    UKG Inc.
    Target
    Inova Payroll
    Type
    Buyout

    UKG has entered into a definitive agreement to acquire Inova Payroll, a U.S. human capital management (HCM) and payroll services provider focused on small and mid-sized businesses. The deal is expected to strengthen UKG’s ability to deliver outsourced HR support and benefits brokerage directly to the SMB market, with closing targeted for early 2026.

  • Buyer
    Joy Parenting Club
    Target
    Heba Care
    Location
    England, United Kingdom
    Type
    Buyout

    Joy Parenting Club, a San Francisco–based AI-driven parenting platform, has acquired Heba Care, a London-based digital health platform that provides care coordination tools for families managing developmental and complex health needs. The deal brings Heba's clinically validated care-management technology and 15,000+ family user base into Joy's ecosystem as it rolls out a new AI-powered feeding, sleep and diaper tracker and scales after a $14M Series A.

  • Buyer
    Natera
    Target
    Foresight Diagnostics
    Type
    Buyout

    Natera has completed its acquisition of Foresight Diagnostics for up to $450 million, consisting of $275 million upfront in stock and up to $175 million in revenue- and reimbursement-linked milestones. The deal brings Foresight’s ultrasensitive PhasED-Seq MRD and liquid-biopsy capabilities into Natera’s Signatera platform, strengthening Natera’s oncology and lymphoma diagnostics capabilities and accelerating clinical and biopharma partnerships.

  • Buyer
    BioMatrix Infusion Pharmacy
    Target
    First Choice Wellness Centers, LLC
    Seller
    Mark Osborne (Owner, First Choice Wellness Centers)
    Type
    Buyout

    BioMatrix Infusion Pharmacy acquired First Choice Wellness Centers, LLC (transaction closed December 10, 2025) to expand its ambulatory and home infusion footprint across the Southeast. First Choice operates eleven ambulatory infusion centers across Alabama, Florida, Georgia, Kentucky and Tennessee, bringing referral relationships, patient volume and payer access that support BioMatrix's community-based infusion strategy.

  • Buyer
    FineLine Technologies
    Target
    Digi-Trax Corp.
    Seller
    Jeff Kriozere
    Type
    Buyout

    FineLine Technologies has acquired Digi-Trax Corp., a provider of healthcare labeling and identification solutions that support safety, traceability and compliance in the blood and cell-therapy supply network. Digi-Trax will operate as FineLine's Healthcare Division, and Digi-Trax owner Jeff Kriozere will remain with the business.

  • Buyer
    Cerbo, OptiMantra
    Target
    Cerbo, OptiMantra
    Location
    United States
    Type
    Buyout

    Cerbo and OptiMantra, two U.S.-based EMR and practice management software providers, have merged and appointed Jeff Hindman as CEO of the combined company. The merger unites their product ecosystems and teams to accelerate innovation, enhance AI and payments capabilities, and expand market reach across integrative and wellness-focused clinical specialties.

  • Buyer
    Bessemer Investors, LLC
    Target
    Xanitos Inc.
    Seller
    Angeles Equity Partners, LLC
    Type
    Buyout

    An affiliate of Angeles Equity Partners has sold Xanitos Inc. to an affiliate of Bessemer Investors. Financial terms were not disclosed; Xanitos is a provider of hospital environmental and support services serving over 100 hospitals across more than 25 states, and Angeles had doubled the company's revenue and frontline headcount during its ownership.

  • Buyer
    GoSaga
    Target
    Squeeze Massage
    Type
    Buyout

    GoSaga, the wellness and fitness holding company founded by Geoff Schneider, acquired Squeeze Massage, a 14-unit massage and wellness franchisor, in November. GoSaga plans to rebuild the franchisor infrastructure, restart franchise sales in 2026, and leverage shared services to scale the brand within its fitness and wellness portfolio.

  • Buyer
    AMSURG
    Target
    Advanced Center for Surgery
    Type
    Buyout

    AMSURG has acquired Advanced Center for Surgery, a 12,500 sq. ft. ambulatory surgery center in Altoona, Pennsylvania, marking AMSURG's first center in central Pennsylvania. The facility at 3280 Pleasant Valley Boulevard operates four operating rooms, is affiliated with 17 physicians across specialties including orthopedics, podiatry and ENT, and was the first ambulatory surgical center in the state to perform outpatient total joint replacements.

  • Buyer
    Select Medical Corporation
    Target
    Landmark Hospital of Savannah
    Seller
    Landmark Holdings of Florida
    Type
    Buyout

    Select Medical Corporation has acquired Landmark Hospital of Savannah, a 50‑bed long‑term acute care hospital in Savannah, Georgia, from Landmark Holdings of Florida. Select Medical relocated its Select Specialty Hospital – Savannah operations (previously a 40‑bed facility) into the newly acquired hospital to expand its post‑ICU and critical‑illness recovery services in the market.

  • Buyer
    PAI Partners
    Target
    Innovad Group
    Seller
    IK Partners, IK IX Fund
    Location
    Belgium
    Type
    Buyout

    PAI Partners has entered into a definitive agreement to acquire Innovad Group, a global specialty animal feed additives provider, from IK Partners. The deal is expected to close in the first quarter of 2026, and Innovad management led by Ben Letor will reinvest as part of the transaction.

  • Buyer
    ZS
    Target
    Torrent Consulting
    Type
    Buyout

    ZS has acquired Torrent Consulting, a Salesforce consulting partner specializing in Health Cloud, Life Sciences Cloud and Agentforce, to strengthen ZS's healthcare, data and AI capabilities and accelerate CRM transformation for healthcare and life sciences clients. The deal brings Salesforce architecture, accelerators and disciplined delivery capabilities into ZS, enabling expanded AI-driven engagement across commercial, medical, service and contact center workflows.

  • December 8, 2025
    Buyer
    Joi+Blokes
    Target
    HerMD
    Type
    Buyout

    Nashville-based virtual clinic Joi+Blokes has acquired HerMD, a nationally recognized virtual women's health provider, combining two specialty telehealth platforms to create one of the largest virtual women’s health ecosystems in the United States. The deal expands Joi+Blokes’ national footprint and clinical capabilities—adding HerMD’s menopause and sexual-health expertise, preventative diagnostics, and expanded treatment offerings to Joi+Blokes’ existing patient base.

  • Buyer
    Banyan Software
    Target
    OR Trax
    Type
    Buyout

    Banyan Software, a permanent-home acquirer of enterprise software businesses, has acquired OR Trax, a Tampa-based healthcare SaaS platform that provides vendor credentialing and real-time surgical scheduling for hospitals and ambulatory surgery centers. The acquisition will support expansion of Banyan’s healthcare software capabilities and further investment in the OR Trax platform to reach more surgical facilities and device vendors.

  • Buyer
    Perceptive Advisors, RA Capital, Perceptive Capital Solutions Corp.
    Target
    Freenome Holdings, Perceptive Capital Solutions Corp.
    Location
    United States
    Type
    Buyout

    Freenome Holdings and Perceptive Capital Solutions Corp. (PCSC) have agreed to merge in a transaction designed to take Freenome public and provide about $330 million in fresh capital, assuming no redemptions. The deal includes a $240 million PIPE led by Perceptive Advisors and RA Capital, and expects Freenome to operate as Freenome, Inc. on Nasdaq under ticker FRNM, with closing expected in the first half of 2026.

  • Buyer
    Lightbeam Health Solutions
    Target
    Syntax Health
    Type
    Buyout

    Lightbeam Health Solutions has acquired Syntax Health, an Atlanta-based enterprise SaaS platform that streamlines value-based care contract modeling, incentive design, and actuarial modeling. The deal integrates Syntax’s contracting engine and actuarial capabilities into Lightbeam’s AI-enabled population health operating system to improve contract modeling, forecasting, and payer–provider alignment for value-based care arrangements.

  • Buyer
    BriteLife Recovery
    Target
    Summit Behavioral Health
    Type
    Buyout

    BriteLife Recovery has acquired Summit Behavioral Health, an established intensive outpatient program (IOP) in Princeton Junction, New Jersey, marking BriteLife’s first expansion into outpatient services. The acquisition integrates Summit’s IOP into BriteLife’s continuum of care and gives Summit access to BriteLife’s clinical, operational, and alumni resources.

  • Buyer
    Asurion
    Target
    Domestic & General
    Seller
    CVC Funds advised by CVC Capital Partners (CVC), Luxinva S.A. (an entity wholly-owned by the Abu Dhabi Investment Authority (ADIA))
    Location
    United Kingdom
    Type
    Buyout

    Asurion has signed a definitive agreement to acquire Domestic & General, a major appliance care provider across the United Kingdom and Europe. The transaction is intended to expand Asurion’s “CTO of the home” vision by unifying care for connected devices and household appliances under a single global platform, with closing expected in mid-2026 subject to regulatory approvals.

  • Buyer
    MiCare Path
    Target
    Compwell, LLC
    Type
    Buyout

    MiCare Path closed its fourth funding round and acquired Tennessee-based Compwell, LLC to accelerate national expansion and enhance its virtual care capabilities. The deal adds Compwell’s virtual assessments and care management services to MiCare Path’s reimbursable platform, supporting RPM, RTM, CCM and PCM and advancing AI-driven workflow automation.

  • Buyer
    Camlin Fine Sciences Limited (CFSL)
    Target
    Vinpai
    Seller
    significant shareholders of Vinpai (the “Sellers”), certain shareholders of Vinpai
    Location
    France
    Type
    Buyout

    Camlin Fine Sciences Limited (CFSL) completed the acquisition of a majority stake in Vinpai, acquiring 78.68% of its share capital (and 84.89% of voting rights) for EUR 3.60 per share from certain significant shareholders. CFSL plans to file a simplified cash tender offer (OPAS) with France’s AMF for the remaining Vinpai shares at the same price and, if conditions are met, pursue a mandatory squeeze-out.

  • Buyer
    FluidAI Medical
    Target
    Emmetros Limited
    Location
    Ontario, Canada
    Type
    Buyout

    FluidAI Medical acquired Emmetros Limited, the developer of the SparxConnect patient engagement platform, to integrate its capabilities into FluidAI's Stream Inara offering. The deal strengthens FluidAI's RISE surgical recovery suite by expanding patient education, continuous engagement, and post-discharge monitoring to support earlier discharge and improved recovery outcomes.

  • Buyer
    Patient Square Capital
    Target
    Premier, Inc.
    Type
    Buyout

    Patient Square Capital (via an affiliate) has completed its previously announced $2.6 billion acquisition of Premier, Inc., valuing Premier at $2.6 billion. Premier common stock stopped trading and will be delisted from Nasdaq as of November 25, 2025, with stockholders receiving $28.25 in cash per share.

  • Buyer
    Physician Partners of America (PPOA)
    Target
    Crespo Injury Care Center
    Seller
    Crespo Injury Care Center, L. Ariel Crespo, MD
    Type
    Buyout

    Physician Partners of America (PPOA) has acquired the patient base of Crespo Injury Care Center and welcomed Dr. L. Ariel Crespo, MD, into its network. The deal expands PPOA's interventional pain management footprint across the Tampa Bay region and shifts Crespo's patients to PPOA clinics to ensure continuity of care.

  • Buyer
    Patient Square Capital
    Target
    Premier, Inc.
    Type
    Buyout

    Premier, Inc. stockholders overwhelmingly approved Patient Square Capital’s acquisition of the company at a special meeting. The deal provides Premier shareholders $28.25 in cash per share and is expected to close on or about November 25, 2025, subject to customary closing conditions.

  • Buyer
    AleraCare
    Target
    Pure Healthcare
    Type
    Buyout

    AleraCare, a provider of infusion and specialty pharmacy services, and Pure Healthcare, a national medical group focused on complex chronic and autoimmune conditions, have completed their previously announced merger. The combined company creates a national infusion and specialty-care platform spanning 14 states and 77 ambulatory infusion centers, with integrated technology and contracting/operational capabilities.

  • Buyer
    MDI NetworX
    Target
    Cobalt MedPlans
    Seller
    Cobalt Health Solutions, Blue Cross and Blue Shield of Kansas City
    Type
    Buyout

    MDI NetworX has acquired Cobalt MedPlans (Clarity Performance Solutions) from Cobalt Health Solutions, a wholly owned subsidiary of Blue Cross and Blue Shield of Kansas City. The deal brings approximately 250 U.S.-based employees and two Kansas locations into MDI, expanding its U.S. delivery footprint and enabling deployment of MDI's InsightPro AI-enabled platform to enhance payer services.

  • Buyer
    HMP Global
    Target
    Music City SCALE
    Type
    Buyout

    HMP Global has acquired Music City SCALE, a long-running multispecialty meeting in aesthetic medicine, medical dermatology, and regenerative skin health, to expand its skin-health education portfolio and build a more comprehensive learning ecosystem. The SCALE founders will continue to guide scientific direction and faculty engagement; terms of the transaction were not disclosed.

  • November 21, 2025
    Buyer
    Clinigen
    Target
    SSI Strategy
    Type
    Buyout

    Clinigen has completed the acquisition of SSI Strategy, adding SSI's strategic advisory capabilities and an established U.S. and European footprint to Clinigen's global pharmaceutical services platform. The deal brings over 200 employees (including ~145 consultants) and a deep biotech client base to Clinigen, expanding its end-to-end lifecycle services from clinical strategy through global commercialisation.

  • Buyer
    Innovative Lab Services LLC
    Target
    Overbrook Scientific
    Type
    Buyout

    Innovative Lab Services (ILS) has acquired Overbrook Scientific, a provider of laboratory relocations, asset management, and multi-vendor instrument maintenance, to expand ILS's national footprint and specialized lifecycle capabilities. Overbrook's founder Ted Palashis and the full Overbrook team will join ILS and continue to lead laboratory lifecycle and technical services within the combined organization.

  • Buyer
    Avista Healthcare Partners
    Target
    PK Benelux
    Location
    Netherlands
    Type
    Buyout

    Avista Healthcare Partners completed its acquisition of PK Benelux, a leading Netherlands-based vitamins, minerals, and supplements (VMS) company known for the Lucovitaal brand. The deal strengthens Avista’s consumer health platform and supports continued growth in the Netherlands and broader Western European markets.

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