Tracked deals
32
32 tracked deals across 2025.
Tracked deals
32
32 tracked deals across 2025.
Buyer mix
Strategic-led
30 strategic · 1 pe
Top trend
Volume peaked in 2023
34 tracked deals announced in 2023.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| AdventHealth | 1 | Nonprofit, faith-based national health system operating h... | Strategic |
| Aledade | 1 | Largest network of independent primary care supporting ph... | Strategic |
| Ardent Health | 1 | Operator of acute care hospitals and ambulatory care site... | Strategic |
| Avel eCare | 1 | National telemedicine provider delivering clinician-to-cl... | Strategic |
| Canyon Labs | 1 | Provider of analytical and packaging lab testing and cons... | Strategic (PE-backed) |
| Clario | 1 | Provider of endpoint data solutions for clinical trials (... | Strategic (PE-backed) |
| Creative Solutions in Healthcare | 1 | Family‑owned operator of long‑term care and skilled nursi... | Strategic |
| Deven Patel / InfuCare Rx management | 1 | Founder and management team of InfuCare Rx — operator of ... | Strategic |
| Encore Wound Care | 1 | Provider of specialized wound care services that delivers... | Strategic |
| EōS Fitness | 1 | National gym chain operating high-value, low-price full‑s... | Strategic (PE-backed) |
Last 10 years
Supporting Data
Hive Holdings Inc. acquired FLUENT Corporation’s Pennsylvania dispensary operations (three retail locations in Hanover, Mechanicsburg and Annville) for $12.5 million in cash in a transaction effective December 31, 2025. FLUENT said the divestiture was intended to strengthen its balance sheet, reduce leverage and sharpen strategic focus after federal rescheduling of marijuana; Hive will operate the acquired Pennsylvania retail locations going forward.
An affiliate of EQT VIII has signed an agreement to sell approximately 24 million shares in Galderma Group AG to L'Oréal S.A. The transaction is subject to customary regulatory approvals, and the premium was not disclosed.
Paradigm Health has acquired Flatiron Health’s Clinical Research Business and entered a multi-year strategic partnership to integrate Flatiron’s research network and solutions with Paradigm’s AI-powered trial platform. The deal expands Paradigm’s oncology research network to include more academic medical centers and nearly 100 community oncology practices, increasing access to clinical trials across the United States; terms were not disclosed.
Trinity Life Sciences has acquired EVERSANA’s advisory services operation across Asia-Pacific and the Middle East (APACME), bringing regional teams in Singapore, Tokyo, Mumbai, Shanghai, Sydney and Dubai into Trinity’s global footprint. The transaction deepens Trinity’s local life‑sciences commercialization capabilities while EVERSANA will continue to operate its broader commercialization services and maintain a strategic collaboration with Trinity for shared clients.
EōS Fitness has acquired 23 existing Southern California gym locations from the Banos brothers’ Gold’s Gym SoCal franchise, adding more than 1,000 employees to EōS and making Southern California its largest market. The acquisition accelerates EōS’s growth plans (targeting 250 gyms by 2030) and expands its presence in high-profile Southern California submarkets including Hollywood, Long Beach and Santa Barbara.
Harbor Health, an Austin-based primary and specialty care clinic group and insurance company, is acquiring 32 clinics from VillageMD, expanding its Texas footprint into San Antonio, El Paso and Dallas. The deal increases Harbor Health’s clinic count from 11 to 43, adds more than 80 clinicians, and supports expansion of its integrated care-and-insurance offerings across the state.
Sverica Capital Management has sold its portfolio company RMS Healthcare Management (d/b/a Med First). The buyer was not disclosed in the announcement; Med First is a Raleigh, North Carolina–headquartered primary care and urgent care operator that grew from 13 to 27 clinics under Sverica and serves over 220,000 patients annually with a focus on tier-2 and rural markets and value-based care models.
Sustainable Medical Billing has acquired the revenue cycle management (RCM) services business from MedEvolve, allowing MedEvolve to focus exclusively on its AI-driven practice management and analytics products. The transaction transfers MedEvolve's service operations and client relationships to Sustainable Medical Billing, which will continue using MedEvolve's Practice Management system and Effective Intelligence suite to support clients and expand its Little Rock presence.
Bio-Techne Corporation has reached an agreement for mdxhealth SA to acquire its Exosome Diagnostics Inc. business, including the ExoDx Prostate (EPI) test and CLIA-certified clinical laboratory and related assets. Bio-Techne will retain access to proprietary exosome-based technology for ongoing kit development, and expects the transaction to be completed in the first quarter of fiscal 2026.
Nystrom & Associates acquired the 23-location Minnesota operations of Ellie Mental Health, combining the organizations to create one of the largest regional behavioral health networks across Minnesota, Iowa, North Dakota, Missouri, and Wisconsin. The deal preserves all current clinic locations and staff, expands specialized services (including TMS and ketamine), and allows Ellie to refocus on growing its national franchise network.
One Equity Partners has exited its investment in InfuCare Rx via a strategic, founder-led equity buyback. InfuCare Rx is a nationwide specialty infusion therapy provider treating complex and chronic conditions, operating three segments (IG Therapy, Specialty Infusion, Bleeding Disorders) and serving thousands of patients across all 50 states.
Encore Wound Care has acquired the wound care division of Pinnacle Care Providers, integrating Pinnacle's clinical teams and programs into Encore's network to expand specialized wound care services across Ohio. The deal enhances Encore's capacity in long-term and post-acute care settings and aims to improve patient access, outcomes, and operational efficiency.
symplr, a PE-backed provider of enterprise healthcare operations software, has acquired the Smart Square scheduling software from AMN Healthcare. The deal adds AI-driven nurse and staff scheduling and timekeeping capabilities to symplr's Operations Platform while AMN focuses on its Workwise workforce planning and analytics offerings.
Creative Solutions in Healthcare (CSNHC) has acquired five skilled nursing facilities from Diversicare, effective July 1, expanding CSNHC's Texas footprint to 174 properties. The facilities — located in Houston, Lockhart, Lampasas, Yorktown and Luling, Texas — will receive infrastructure and service upgrades as CSNHC brings food service and housekeeping in‑house and replaces resident mattresses and furnishings.
Aledade has acquired the Michigan-based value-based care operations of CCA Holding Company, Inc., including an Accountable Care Organization (ACO), a Physician Organization serving Southeast Michigan, and related employees. The deal expands Aledade’s presence and capabilities in Michigan, bringing more independent primary care and specialty offices under its value-based care platform.
Protective Industrial Products, Inc. (PIP) completed the all-cash acquisition of Honeywell’s Personal Protective Equipment (PPE) business for $1.325 billion. The deal expands PIP’s head-to-toe protective equipment portfolio with Honeywell’s well-known PPE brands and strengthens its global manufacturing and distribution footprint.
HCAP Partners announced a successful exit from Arosa, the integrated care management and in‑home care provider; terms and the buyer were not disclosed. During HCAP’s investment (in partnership with Bain Capital Double Impact), Arosa expanded to 38 offices across 13 states, nearly doubled its employee base, and scaled its care management model for older adults.
Clario has acquired the electronic clinical outcome assessment (eCOA) business of WCG to expand its endpoint data solutions and deepen neuroscience-focused clinical outcomes expertise. The deal—announced in March and completed in May 2025—transfers WCG’s eCOA team and capabilities to Clario and is expected to enhance Clario’s support for complex neuroscience clinical trials.
Careington International Corporation has sold its Launch Loyalty division to Wellfit Technologies, enabling Careington to focus on its core businesses while Wellfit expands its membership-plan and provider solutions. Wellfit will retain the Launch Loyalty brand as "Launch Loyalty powered by Wellfit," adding over 1,000 office relationships and integrating Launch Loyalty's membership plan capabilities into its platform.
Infinx Healthcare has acquired the Healthcare Revenue Cycle Management business of i3 Verticals, Inc., expanding its footprint into academic medical centers and large provider groups. The deal brings an experienced RCM team and existing customer relationships into Infinx's AI-driven patient access and revenue cycle platform, strengthening its end-to-end services offering for healthcare providers.
GHR Healthcare has acquired Barton Healthcare Staffing, the nurse and allied health staffing affiliate of Barton Associates, Inc., with the transaction closing on May 3, 2025. The deal transfers Barton Healthcare Staffing’s nurse and allied clients and clinicians to GHR as Barton Associates refocuses on physician and advanced-practice locum tenens staffing.
SUN Behavioral Health has acquired the home- and community-based services division of Seaside Healthcare, expanding SUN’s continuum of care and community presence across six Southeastern states. The transaction, which closed May 1, 2025, transfers administrative oversight of the community agencies to SUN while Seaside retains its acute inpatient facilities.
Titan Nurse Staffing, LLC (TNS) will merge into Titan Medical Group, LLC, with Titan Medical Group remaining the surviving entity under an Agreement and Plan of Merger approved by both companies. The merger is expected to be finalized on March 30, 2025 to streamline operations and unify healthcare staffing services under the Titan Medical brand.
Labcorp has completed the acquisition of North Mississippi Health Services' ambulatory outreach laboratory business and will become the referral laboratory for NMHS's seven hospitals and clinic laboratories. Labcorp plans to open three new patient service centers in Tupelo, West Point and Amory to increase access to laboratory services and provide continuity of care, data tools and expanded testing capabilities in North Mississippi.
Novant Health Enterprises is acquiring 18 outpatient imaging centers and associated fixed and mobile MRI assets from OrthoCarolina across the Charlotte and Piedmont Triad regions (and two South Carolina locations). MedQuest Associates will collaborate on day-to-day operations as Novant expands its outpatient imaging network to improve access and affordability; OrthoCarolina will facilitate patient care during the transition.
Health Care Service Corporation (HCSC) completed the acquisition of The Cigna Group’s Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses. The divestiture streamlines Cigna’s portfolio and provides HCSC with expanded Medicare capabilities and geographic presence across the United States; Cigna intends to deploy proceeds largely for share repurchases.
Wellvana has acquired the Medicare Shared Savings Program (MSSP) business of CVS Accountable Care (part of CVS Health) in an all-stock transaction that gives CVS Health a strategic minority ownership in Wellvana. The deal expands Wellvana's ACO footprint and capabilities — broadening its provider network and technology while integrating CVS MSSP talent to support approximately 1 million Medicare patients across 40 states.
AdventHealth has purchased ShorePoint Health Port Charlotte, a 254-bed full-service hospital in Port Charlotte, Florida, along with related physician clinic operations, outpatient services and the ShorePoint Health Emergency Department in Cape Coral. The agreement with affiliates of Community Health Systems, Inc. closed on March 1, 2025, and brings more than 1,300 team members and over 80 providers into the AdventHealth network.
Eureka Equity Partners has sold MedForce, a Shrewsbury, New Jersey-based medical communications firm that provides scientific content development and healthcare professional engagement services, to an undisclosed strategic buyer. MedForce, which leverages its proprietary aiovance platform and deep expertise in oncology, rare disease and specialty drugs, was supported in the transaction by Piper Sandler & Co. (financial advisor) and Morgan, Lewis & Bockius LLP (legal advisor).
Avel eCare has acquired Amwell Psychiatric Care (APC) from Amwell in an all-cash transaction worth approximately $21 million at closing plus an additional earn-out. The sale transfers APC technology, personnel and the affiliated Asana psychiatric clinical network to Avel as Amwell sharpens focus on its core digital care platform and strengthens its balance sheet. The acquisition expands Avel eCare's behavioral health capabilities and broadens its national telemedicine footprint.
Canyon Labs has acquired the laboratory services and scientific consulting businesses of iuvo BioScience, integrating the lab and consulting personnel into Canyon Labs' operations while iuvo retains its ophthalmic clinical research team. The deal expands Canyon Labs' testing and consulting capabilities (adding a Rochester, NY site) and allows iuvo to sharpen its focus on ophthalmic clinical trial services.
Ardent Health (NYSE: ARDT) acquired 18 urgent care clinics across New Mexico and Oklahoma from NextCare Urgent Care. Six clinics will operate as part of Lovelace Health System in New Mexico and 12 will become part of Hillcrest HealthCare System in Oklahoma, expanding Ardent’s ambulatory footprint in both markets.
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