Evolent Health Acquires NIA (Magellan Specialty Health) from Centene

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.

Galen Partners Acquires Evolve Treatment Centers

January 8, 2020

Healthcare Services

Galen Partners, a healthcare-focused growth equity firm, has acquired Evolve Treatment Centers, a Los Angeles-based provider of adolescent behavioral health services with 13 facilities across California. The partnership will support expansion of Evolve's evidence-based clinical programs and continuum of care (IOP, PHP, RTC) to address growing demand for adolescent mental health and substance-abuse treatment.

Cardinal Health Acquires Integrated Oncology Network for $1.115B

September 20, 2024

Healthcare Services

Cardinal Health has entered into a definitive agreement to acquire Integrated Oncology Network (ION) for $1.115 billion in cash. The acquisition adds more than 50 community-based practice sites and 100+ providers to Cardinal's Navista oncology practice alliance and expands the company's specialty oncology capabilities and practice management offerings.

Evolent Health Acquires Vital Decisions from WindRose Health Investors

October 6, 2021

Healthcare Services

Evolent Health acquired Vital Decisions, a New Jersey–based provider of technology-enabled advance care‑planning and telehealth services, from WindRose Health Investors. Vital Decisions will be folded into Evolent's specialty management offering, New Century Health, and consolidated into Evolent's Clinical Solutions segment to expand its specialty care and advance care‑planning capabilities.

Molina Healthcare Acquires Affinity Health Plan

September 29, 2020

Healthcare Services

Molina Healthcare, Inc. agreed to acquire substantially all assets of Affinity Health Plan for approximately $380 million, funded with cash on hand. The acquisition expands Molina's Medicaid footprint and membership in New York (including New York City and surrounding counties) and is expected to be accretive to adjusted EPS subject to regulatory approvals.

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.