Galen Partners Acquires Evolve Treatment Centers

Varsity Healthcare Partners Acquires VetEvolve from Align Capital Partners

October 16, 2023

Veterinary

Varsity Healthcare Partners completed a strategic growth investment to acquire VetEvolve, a Richmond, Virginia-based multi-location veterinary care platform. The transaction was a sale by Align Capital Partners; VetEvolve operates 32+ clinics across the Mid-Atlantic and employs over 600 team members, and VHP will partner with management to expand the platform into new geographies.

Evolve Capital-Led Investment in Global Behavior Education Alliance (GBE)

September 22, 2022

Healthcare Services

Evolve Capital led a growth investment into Global Behavior Education Alliance, Inc. (GBE), joined by Patriot Capital, IBC Funds, Mickey Atkins and GBE founder Dr. Tonia Ryan. GBE is an Applied Behavior Analysis (ABA) therapy provider operating five clinics across Tennessee; the investors will support the company’s continued growth and expansion of services and footprint while Dr. Ryan and Mickey Atkins remain in senior leadership roles.

Emergence Acquires MedEvolve

November 11, 2025

Healthcare Services

Emergence, an enterprise backed by The Pritzker Organization, has acquired MedEvolve, an AI-powered revenue cycle automation and analytics provider. The acquisition combines MedEvolve’s Effective Intelligence platform with Emergence’s software expertise and long-term capital to accelerate AI-driven capabilities for healthcare revenue cycle management.

Evolent Health Acquires IPG from TPG Growth for $375M

June 29, 2022

Healthcare Services

Evolent Health agreed to acquire IPG, a provider of surgical cost management solutions for musculoskeletal conditions, from TPG Growth for $375 million in cash plus up to $87 million of contingent consideration. The IPG platform will be integrated into Evolent’s New Century Health business to expand the company's value-based specialty care capabilities and add new payer and ambulatory surgery center relationships; the deal is expected to be immediately accretive to adjusted EBITDA.

RiverGlade Capital Partners with 2nd Chance Treatment Centers

April 23, 2021

Healthcare Services

RiverGlade Capital has formed a partnership with 2nd Chance Treatment Centers, a Phoenix-based network of outpatient behavioral health clinics that provides medication-assisted treatment (MAT) and telehealth services. Terms were not disclosed; founders Dr. Ashwin Reddy and Isha Vedire will remain in leadership, and RiverGlade Operating Partner Jim Hudak will serve as Executive Chairman and interim CEO to support growth and expansion.

Evolent Health Acquires NIA (Magellan Specialty Health) from Centene

November 17, 2022

Healthcare Services

Evolent Health has entered into a definitive agreement to acquire NIA (also known as Magellan Specialty Health), the specialty benefit management business owned by Centene. The deal provides $650 million in upfront consideration plus up to $150 million of contingent consideration; Evolent expects revenue and EBITDA synergies and to fully integrate NIA into its value-based specialty care platform.