Tracked deals
27
27 tracked deals across 2024.
Healthcare Services Divestitures in 2024
Buyer mix
Strategic-led
26 strategic · 7 pe
Top trend
Volume peaked in 2023
34 tracked deals announced in 2023.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Fabric | 2 | Healthcare technology company providing virtual care plat... | Strategic |
| Labcorp | 2 | Global provider of clinical laboratory testing and drug d... | Strategic |
| 1315 Capital | 1 | Growth equity firm providing expansion and growth capital... | PE |
| Apposite Capital | 1 | Independent private equity firm focused on healthcare inv... | PE |
| Arsenal Capital Partners | 1 | Middle‑market private equity firm focused on building tec... | PE |
| Astrana Health | 1 | Provider-centric healthcare company focused on expanding ... | Strategic |
| AvaSure | 1 | Provider of an intelligent virtual care platform that dep... | Strategic |
| Compassus | 1 | National provider of integrated home-based care services ... | Strategic (PE-backed) |
| CorroHealth | 1 | Healthcare technology and revenue cycle management (RCM) ... | Strategic |
| CuraLinc Healthcare | 1 | Provider of employee-focused mental health and wellbeing ... | Strategic (PE-backed) |
Acquisition Volume in Healthcare Services Divestitures in 2024 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 19, 2024
- Buyer
- Swanton Care & Community, Apposite Capital
- Target
- Alina Disability Support
- Seller
- Alina Homecare, Bridges Fund Management
- Industry
- Healthcare Services
- Location
- England, United Kingdom
- Type
- Divestiture
Swanton Care & Community (backed by Apposite Capital) has acquired the Disability Support division of Alina Homecare from Alina Homecare / Bridges Fund Management. The division operates 11 branches across the South of England, delivering around 24,000 care hours per week, and will be integrated into Swanton’s national residential, supported living and domiciliary care platform.
-
December 17, 2024
- Buyer
- Kensana Health Inc.
- Target
- ABcann Medicinals Inc., MediPharm Labs Napanee Facility
- Seller
- MediPharm Labs Corp.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Divestiture
MediPharm Labs entered into a share purchase agreement to sell its Napanee, Ontario facility to Kensana Health for $5.5 million in cash. The deal will transfer all shares of MediPharm’s wholly owned subsidiary ABcann Medicinals Inc., including the Napanee Facility’s license and related building, land, and equipment.
-
December 12, 2024
- Buyer
- LiveFreely Inc.
- Target
- Sompo Horizon
- Seller
- Sompo Holdings
- Industry
- Healthcare Services
- Location
- Japan
- Type
- Divestiture
LiveFreely Inc., a San Jose–based digital health technology company, has acquired Sompo Horizon, a caregiving benefits provider and subsidiary of Sompo Holdings. The deal adds Sompo Horizon's CareGo platform to LiveFreely's AI-driven BUDDY product, enabling capability expansion and faster entry into the Japan / Asia‑Pacific caregiving market.
-
- Buyer
- CuraLinc Healthcare, Lightyear Capital
- Target
- Wellspring EAP
- Seller
- Wellspring Family Services
- Industry
- Healthcare Services
- Location
- Washington, United States
- Type
- Divestiture
CuraLinc Healthcare has acquired the Employee Assistance Program (EAP) business from Seattle-based nonprofit Wellspring Family Services, with support from CuraLinc’s primary investor Lightyear Capital. The transaction transfers Wellspring’s EAP clients and services to CuraLinc to expand the company’s mental health and wellbeing offerings and ensure continuity of care for employer clients in the Pacific Northwest and nationwide.
-
November 15, 2024
- Buyer
- Schweiger Dermatology Group
- Target
- Dermatology and Surgery Associates
- Seller
- NavaDerm Partners, BelHealth Investment Partners
- Industry
- Healthcare Services
- Location
- New York, United States
- Type
- Divestiture
Schweiger Dermatology Group has acquired Dermatology and Surgery Associates (DSA), a Bronx-based dermatology and plastic surgery practice, from NavaDerm Partners, a BelHealth Investment Partners portfolio company. The deal expands Schweiger’s footprint in the Northeast as part of its ongoing roll-up of regional dermatology practices.
-
November 14, 2024
- Buyer
- 1315 Capital
- Target
- SciSafe
- Seller
- BioLife Solutions, Inc.
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Type
- Divestiture
1315 Capital, a Philadelphia-based growth equity firm, has acquired SciSafe from BioLife Solutions in an all-cash transaction that establishes SciSafe as an independent, standalone biostorage company. The deal accompanies a growth capital investment to fund expansion of SciSafe's biostorage, cold-chain and compliance capabilities and to support global footprint growth.
-
November 8, 2024
- Buyer
- Astrana Health
- Target
- Prospect managed care platform (majority of Prospect’s managed care platform)
- Seller
- Medical Properties Trust (MPT)
- Industry
- Healthcare Services
- Location
- United States
- Type
- Divestiture
Astrana Health entered into a binding agreement on November 8 to purchase the majority of Prospect’s managed care platform for approximately $745 million and the assumption of certain liabilities. Medical Properties Trust (MPT) expects to receive about $200 million in total cash proceeds after certain creditor and liability obligations are satisfied; the transaction remains subject to regulatory approval and other closing conditions.
-
October 30, 2024
- Buyer
- Labcorp, Ephios Bidco GmbH, Elliott Advisors (UK) Limited
- Target
- SYNLAB AG
- Seller
- Cinven, Elliott Advisors (UK) Limited
- Industry
- Healthcare Services
- Location
- Bavaria, Germany
- Type
- Divestiture
Cinven has sold an indirect minority stake in SYNLAB to strategic investor Labcorp while funds advised by Elliott have agreed to sell their direct stake to Ephios Bidco (Cinven-controlled) and reinvest proceeds to become an indirect minority shareholder alongside Cinven, Labcorp and Qatar Holding. The transactions leave Cinven as majority shareholder of SYNLAB and create opportunities for collaboration (including bringing Labcorp specialty tests to Europe); the Elliott transaction remains subject to regulatory approvals and is expected to close in early 2025.
-
October 8, 2024
- Buyer
- Lawrence General Hospital, Newly formed not-for-profit (unnamed)
- Target
- Holy Family Hospital (Methuen campus), Holy Family Hospital (Haverhill campus)
- Seller
- Steward Health Care System
- Industry
- Healthcare Services
- Location
- Massachusetts, United States
- Type
- Divestiture
Lawrence General Hospital, together with a newly formed not-for-profit, acquired the assets and operations of Holy Family Hospital's Methuen and Haverhill campuses from Steward Health Care System. The Bankruptcy Court‑approved transaction closed on October 1, 2024 for $28 million and transferred more than 1,300 employees to the new ownership as part of creating a regional health care system in the Merrimack Valley.
-
September 26, 2024
- Buyer
- Pace Life Sciences, LLC
- Target
- Catalent Center-of-Excellence for Small Molecule Analytical Services (Research Triangle Park, NC)
- Seller
- Catalent, Inc.
- Industry
- Healthcare Services
- Location
- North Carolina, United States
- Type
- Divestiture
Pace Life Sciences, a PE-backed CDMO, has acquired Catalent’s Center-of-Excellence for Small Molecule Analytical Services located in Research Triangle Park, North Carolina. The acquisition expands Pace Life Sciences’ national analytical testing network (to nine sites) and strengthens its small- and large-molecule analytical capabilities to support biopharma clients; Catalent sold the site as part of its portfolio adjustments.
-
September 19, 2024
- Buyer
- CorroHealth
- Target
- Xtend (Navient's Xtend healthcare revenue cycle management business)
- Seller
- Navient
- Industry
- Healthcare Services
- Location
- United States
- Type
- Divestiture
CorroHealth has finalized the acquisition of Navient’s Xtend healthcare revenue cycle management (RCM) business, adding more than 925 Xtend employees to its team. The deal expands CorroHealth’s RCM scale and adds patient engagement capabilities, enhancing its end-to-end clinical and financial offerings for hospitals, physician practices and health plans.
-
September 18, 2024
- Buyer
- Fabric
- Target
- TeamHealth VirtualCare
- Seller
- TeamHealth
- Industry
- Healthcare Services
- Location
- Tennessee, United States
- Type
- Divestiture
Fabric, a New York–based healthcare technology company, has acquired TeamHealth VirtualCare—the virtual care service line of TeamHealth—to expand its nationwide virtual care capabilities and provider network. The deal, Fabric's fourth acquisition in 18 months, brings additional multi-specialty clinicians and broadens Fabric's virtual urgent care, behavioral health, and employer/payer offerings; financial terms were not disclosed.
-
- Buyer
- MedRisk
- Target
- StrataCare (Conduent Casualty Claims Solutions business; includes Strataware products)
- Seller
- Conduent Incorporated
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Divestiture
MedRisk has completed the acquisition of Conduent’s Casualty Claims Solutions business, including the Strataware product portfolio; the acquired business will operate as StrataCare. The deal expands MedRisk’s medical bill review and casualty claims capabilities to better serve workers’ compensation and auto insurance carriers, third‑party administrators, and self‑insured employers.
-
September 4, 2024
- Buyer
- Compassus
- Target
- OhioHealth home health and hospice locations (three hospice locations; four home health locations)
- Seller
- OhioHealth
- Industry
- Healthcare Services
- Location
- Ohio, United States
- Type
- Divestiture
Compassus has acquired ownership interest in three hospice locations and four home health locations formerly led by OhioHealth and will operate the services as OhioHealth at Home in partnership with OhioHealth. Compassus will manage operations across the transferred locations while OhioHealth continues to participate in care delivery; OhioHealth's Athens hospice services and the Kobacker House in Columbus are excluded from the partnership.
-
July 29, 2024
- Buyer
- AvaSure
- Target
- Ouva
- Seller
- Ouva
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Divestiture
AvaSure has acquired Ouva's AI-powered smart room solutions to accelerate ambient-AI capabilities within its Intelligent Virtual Care Platform and to bolster in-house AI engineering resources. Ouva sold its smart room solutions but will continue to operate its pediatric and wayfinding business.
-
- Buyer
- PM Pediatric Care
- Target
- Night Lite Pediatrics (10 Florida urgent care sites)
- Seller
- Pediatrix Medical Group
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Divestiture
PM Pediatric Care has acquired 10 pediatric urgent care locations in Florida formerly operating as Night Lite Pediatrics (previously owned by Pediatrix Medical Group) and will rebrand them as PM Pediatric Urgent Care. The sites — located across Greater Orlando, Jacksonville, Melbourne and Port St. Lucie — expand PM Pediatric Care's Florida footprint and will offer in-person and telemedicine services along with pediatric behavioral health.
-
June 28, 2024
- Buyer
- Fabric
- Target
- MeMD
- Seller
- Walmart Inc
- Industry
- Healthcare Services
- Location
- Arizona, United States
- Type
- Divestiture
Fabric, a New York–based healthcare technology company, has acquired MeMD, the virtual behavioral, urgent and primary care provider, from Walmart Inc. The deal expands Fabric's employer and payer offerings and strengthens its behavioral health and virtual care capabilities for millions of members.
-
- Buyer
- Sarnova
- Target
- Digitech
- Seller
- Pamlico Capital
- Industry
- Healthcare Services
- Location
- New York, United States
- Type
- Divestiture
Pamlico Capital sold its remaining equity stake in Digitech to joint-venture partner Sarnova. Digitech, headquartered in Chappaqua, New York, provides revenue cycle management (RCM) solutions for EMS professionals and will be consolidated under Sarnova as Pamlico completes its exit following its 2019 investment and the 2020 recapitalization with R1.
-
May 2, 2024
- Buyer
- PAI Partners, Fresenius SE & Co. KGaA
- Target
- VAMED's European rehabilitation business
- Seller
- Fresenius SE & Co. KGaA
- Industry
- Healthcare Services
- Location
- Vienna, Austria
- Type
- Divestiture
PAI Partners will acquire a 67% stake in VAMED's pan‑European rehabilitation business from Fresenius, with Fresenius retaining a 33% stake. The carved‑out business operates 67 clinics across multiple European countries, employs around 10,000 staff and will operate as a standalone rehabilitation platform focused on operational excellence and further investment.
-
- Buyer
- Medical Guardian
- Target
- MobileHelp
- Seller
- Advocate Aurora Enterprises
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Divestiture
Medical Guardian has acquired MobileHelp from Advocate Aurora Enterprises to expand its personal emergency response systems (PERS), remote patient monitoring (RPM) and connected-care capabilities. The deal strengthens Medical Guardian's product and engagement offerings across direct-to-consumer, Medicaid/Medicare Advantage, senior living, home care and health system channels and will integrate MobileHelp's patented technology into Medical Guardian's MGEngage360 platform.
-
April 26, 2024
- Buyer
- West Physics Consulting, LLC
- Target
- Tricord, Inc. (medical physics service division)
- Seller
- Tricord, Inc.
- Industry
- Healthcare Services
- Location
- Kentucky, United States
- Type
- Divestiture
West Physics Consulting, LLC has acquired the medical physics service division of Tricord, Inc., a Paducah, Kentucky-based provider of radiation safety, health, medical, industrial, and environmental physics services. The deal brings Tricord's medical clients into West Physics' national platform (expanding coverage in western Kentucky, southern Missouri, southern Illinois and Tennessee) while Tricord's president Steve Meiners will remain on a part-time consulting basis during the transition.
-
- Buyer
- Labcorp
- Target
- BioReference Health
- Seller
- Opko Health, BioReference Health
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Type
- Divestiture
Labcorp will acquire certain laboratory testing businesses and operating assets from Opko Health subsidiary BioReference Health for $237.5 million. The assets — which generate roughly $100 million in annual revenue — include patient service centers and select customer contracts across the U.S. (excluding New York and New Jersey); BioReference Health will retain its oncology and urology diagnostic businesses and full operations in New York and New Jersey. The transaction is expected to close in the second half of 2024, subject to customary conditions and regulatory approvals.
-
March 11, 2024
- Buyer
- Arsenal Capital Partners
- Target
- Endpoint Clinical, Fortrea Patient Access
- Seller
- Fortrea
- Industry
- Healthcare Services
- Location
- North Carolina, United States
- Type
- Divestiture
Arsenal Capital Partners has acquired Fortrea's Endpoint Clinical and Fortrea Patient Access businesses in a divestiture completed June 4, 2024. The sale allows Fortrea to sharpen its focus as a pure‑play CRO while Arsenal will position Endpoint and the Patient Access business for accelerated investment and growth under management led by Sam Osman.
-
February 6, 2024
- Buyer
- Merck Animal Health
- Target
- Elanco Animal Health's aqua business
- Seller
- Elanco Animal Health Inc.
- Industry
- Healthcare Services
- Type
- Divestiture
Elanco Animal Health has agreed to sell its aqua business to Merck Animal Health for approximately $1.3 billion in cash. The divestiture includes aqua products and brands, aqua R&D projects, transfer of manufacturing sites in Prince Edward Island (Canada) and Dong Nai (Vietnam), and about 280 commercial and manufacturing employees, with closing expected around mid-year subject to regulatory approvals.
-
February 1, 2024
- Buyer
- MedImpact Healthcare Systems, Inc.
- Target
- Elixir Solutions
- Seller
- Rite Aid Corporation
- Industry
- Healthcare Services
- Location
- Pennsylvania, United States
- Type
- Divestiture
MedImpact Healthcare Systems has completed the acquisition of Rite Aid’s Elixir Solutions business for about $576.5 million. The deal expands MedImpact’s clinical, technology, health risk management and consumer empowerment capabilities as part of its reinvestment strategy and strengthens its position as an independent provider of health solutions and PBM services.
-
January 17, 2024
- Buyer
- PointClickCare Technologies
- Target
- American HealthTech, Inc.
- Seller
- Computer Programs and Systems, Inc. (CPSI)
- Industry
- Healthcare Services
- Location
- Mississippi, United States
- Type
- Divestiture
PointClickCare Technologies has acquired American HealthTech, Inc. (AHT), a subsidiary of Computer Programs and Systems, Inc. (CPSI), in a divestiture intended to transition AHT customers to PointClickCare's post-acute care platform. CPSI divested AHT as part of a business transformation and selected PointClickCare to continue supporting AHT's post-acute EHR customers and integrate them into its broader care-collaboration network.
-
January 16, 2024
- Buyer
- VMG Health, Northlane Capital Partners
- Target
- Compliance Risk Analyzer
- Seller
- DoctorsManagement
- Industry
- Healthcare Services
- Location
- Tennessee, United States
- Type
- Divestiture
VMG Health has acquired the Compliance Risk Analyzer (CRA) software suite from DoctorsManagement. CRA is a set of auditing and predictive analytics tools for healthcare coding and billing compliance; the acquisition expands VMG Health's capabilities in compliance analytics and risk-based auditing. VMG Health is PE-backed by Northlane Capital Partners.
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