Universal Health Services to Acquire Talkspace in $835 Million Deal

Patient Square Capital Acquires SOC Telemed, Inc.

February 3, 2022

Healthcare Services

Patient Square Capital agreed to acquire SOC Telemed, Inc., the largest U.S. provider of acute care telemedicine, in an all-cash transaction valuing SOC Telemed at $3.00 per share. The deal takes SOC Telemed private and will provide capital and industry expertise to expand the company’s clinical capabilities, innovate its Telemed IQ platform and grow its footprint across hospitals, post-acute and value-based care organizations.

TPG Capital to Acquire Convey Health Solutions in ~$1.1B Deal

June 22, 2022

Healthcare Services

TPG Capital, the private equity platform of TPG, announced it will acquire Convey Health Solutions Holdings in a definitive merger agreement valued at approximately $1.1 billion. Under the terms, TPG Capital will buy all shares not already owned by it or certain management and director shareholders for $10.50 per share in cash, with closing expected in the second half of 2022.

Teladoc Health Acquires UpLift for $30M

April 30, 2025

Healthcare Services

Teladoc Health has acquired virtual mental health provider UpLift in an all-cash $30 million deal, with up to $15 million in contingent earnouts. UpLift — which serves the health plan market, covers over 100 million lives and has a network of ~1,500 providers — will be folded into Teladoc's BetterHelp segment to enable insurance-covered mental health services and expand payer-facing capabilities.

Uwill Acquires tbh

August 21, 2025

Healthcare Services

Uwill, a leading student mental health and wellness platform, has acquired tbh, a San Francisco–based provider of AI-powered basic needs and resource navigation for students and young adults. The acquisition integrates tbh's basic needs support (food, housing, transportation) with Uwill's teletherapy, crisis intervention, and counselor-matching capabilities to deliver more holistic student support.

Ascend Capital Partners Acquires Majority Stake in Unison Therapy Services

January 9, 2025

Healthcare Services

Ascend Capital Partners, a healthcare-focused private equity firm, has acquired a majority stake in Unison Therapy Services, a leading outsourced provider of Pre-K–12 therapy services in the California market. Ascend will provide operational and clinical expertise to expand access and enhance delivery of speech, behavioral, physical and occupational therapies; financial terms were not disclosed.

U.S. Physical Therapy Acquires 50% Stake in Eight-Clinic Physical Therapy Management Company

January 5, 2026

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 50% interest in an unnamed physical therapy management services company that manages an eight-clinic practice generating approximately $8.0 million in annual revenue and 66,000 visits per year. The current owners retained the remaining 50% ownership; financial terms were not disclosed. The deal expands USPH's outpatient clinic footprint and service offerings through a partnership with the local owners.