Healthcare Services Acquisitions in 2020

Acquisition Volume in Healthcare Services in 2020 by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Healthcare Services Acquisitions in 2020. 997 2022 696 2023 753 2024 822 2025 ~941 est. 214 2026
Actual Full-year estimate
  • Buyer
    Accel-KKR
    Target
    OrthoBanc
    Type
    Addon

    Accel-KKR purchased OrthoBanc and will combine it with OrthoFi (a platform in which Accel-KKR previously invested) to create an integrated orthodontic patient acquisition and payment management provider operating as OrthoFi. The combined business will pair OrthoFi's patient acquisition and insurance management software with OrthoBanc's payment and revenue cycle management capabilities to serve orthodontic and dental practices across the U.S.

  • Buyer
    H.I.G. Capital
    Target
    Crothall Laundry Services
    Seller
    Compass Group plc
    Location
    United States
    Type
    Buyout

    H.I.G. Capital, via an affiliate, completed the acquisition of Crothall Laundry Services from Compass Group plc. Crothall is a leading U.S. provider of outsourced laundry and linen management services serving healthcare and hospitality customers; H.I.G. said it will partner with management to support expansion and growth initiatives.

  • December 30, 2020
    Buyer
    The Emmes Company, LLC, Behrman Capital
    Target
    Neox S.R.O.
    Location
    Prague, Czech Republic
    Type
    Addon

    The Emmes Company, a Behrman Capital portfolio company, has acquired Prague-headquartered CRO Neox S.R.O., an add-on that expands Emmes' BioPharma capabilities and Central/Eastern European presence. Financial terms were not disclosed; Neox brings over 150 employees and operations across multiple European countries, and founders Pavel and Petr Marek will remain in leadership roles.

  • Buyer
    Discovery Behavioral Health
    Target
    Prosperity Wellness Center
    Type
    Buyout

    Discovery Behavioral Health has acquired Prosperity Wellness Center, a 40-bed adult residential facility in Tacoma, Washington that specializes in substance use disorder treatment. The facility is the tenth brand added to Discovery’s portfolio as the company expands its network of residential and outpatient behavioral health services to increase access to care.

  • Buyer
    Olympus Partners
    Target
    ONsite Mammography
    Seller
    Revelstoke Capital Partners
    Type
    Buyout

    Stamford-based private equity firm Olympus Partners has acquired ONsite Mammography, a Westfield, Massachusetts–headquartered provider of in-office women's health imaging services with more than 75 locations across the U.S. The acquisition from Revelstoke Capital Partners positions Olympus to further expand ONsite's footprint and service offerings in partnership with OB/GYN and primary care physician practices.

  • Buyer
    Dalrada Financial Corporation, Dalrada Health Products, Dalrada Precision
    Target
    Pacific Stem Cells, LLC, International Health Group, Inc., CHP Industrial Solutions
    Type
    Buyout

    Dalrada Financial Corporation (through subsidiaries Dalrada Health Products and Dalrada Precision) announced letters of intent to acquire 100% of Pacific Stem Cells, LLC and International Health Group, Inc., and has purchased a stake in CHP Industrial Solutions (Malaysia). The deals expand Dalrada's healthcare services and training capabilities while adding precision CNC and custom part manufacturing capacity in Malaysia to support growth into new verticals and geographies.

  • Buyer
    Help at Home, Centerbridge Partners, L.P., The Vistria Group
    Target
    The Adaptive Group
    Type
    Addon

    Help at Home, a portfolio company of Centerbridge Partners and The Vistria Group, acquired The Adaptive Group, a Jeffersonville, Indiana-based provider of home care, home health and hospice services. The transaction, advised by Edgemont Partners and closed on December 24, 2020, was for undisclosed terms and expands Help at Home's presence and scale in Indiana and the broader Midwest.

  • December 24, 2020
    Buyer
    EverCommerce
    Target
    Updox
    Seller
    TT Capital Partners, Tamarind Hill, Rev1
    Type
    Buyout

    EverCommerce, a public service-commerce platform, acquired Updox, a Dublin, Ohio–based healthcare communication and virtual care platform. The acquisition expands EverCommerce’s health services portfolio by adding patient engagement, telehealth and office productivity capabilities to serve healthcare practices, health systems and pharmacies.

  • Buyer
    IBH Population Health Solutions (Integrated Behavioral Health, Inc.), Periscope Equity
    Target
    HMC HealthWorks
    Seller
    Dr. Jan DiMonaco
    Type
    Addon

    IBH Population Health Solutions (Integrated Behavioral Health, Inc.), a Periscope Equity–backed population and digital health platform, has acquired HMC HealthWorks to expand its chronic condition management, wellness, pharmacy specialty and managed behavioral health capabilities. The deal brings HMC's expertise and programs into IBH's digitally-enabled, whole-person population health suite and retains HMC founder Dr. Jan DiMonaco in an ongoing advisory/board role.

  • Buyer
    Columbia Care Inc.
    Target
    Green Leaf Medical, LLC
    Seller
    Green Leaf Medical shareholders (including founders Philip Goldberg and Kevin Goldberg)
    Type
    Buyout

    Columbia Care Inc. has signed a definitive agreement to acquire Green Leaf Medical, LLC for approximately $240 million ( $45 million cash and $195 million in Columbia Care common shares). The acquisition expands Columbia Care's cultivation, manufacturing, retail and wholesale footprint across Pennsylvania, Maryland, Ohio and Virginia, and is expected to be immediately accretive to margins and EBITDA pending regulatory approvals.

  • Buyer
    EyeSouth Partners, Shore Capital Partners
    Target
    Eye Center of Texas
    Type
    Addon

    EyeSouth Partners, the Atlanta-based eye care management services organization backed by Shore Capital Partners, has completed an affiliation with Eye Center of Texas, a Houston-area ophthalmology practice with six clinical locations and 14 providers. The affiliation is an add-on to EyeSouth’s platform network to provide administrative, operational and management support and to accelerate growth and geographic expansion in Greater Houston.

  • Buyer
    Firstsource Solutions Limited
    Target
    PatientMatters
    Seller
    Century Equity Partners
    Type
    Buyout

    Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company, has acquired PatientMatters, a Century Equity Partners portfolio company and US-based provider of healthcare Revenue Cycle Management (RCM) solutions. The acquisition strengthens Firstsource's provider business by adding PatientMatters' pre-authorization and patient bill-estimation capabilities and expands its presence in large US markets such as Texas and New York.

  • Buyer
    Amulet Capital Partners, LP
    Target
    SSI Strategy Holdings LLC

    Amulet Capital Partners (a healthcare-focused private equity firm) made a growth equity investment in SSI Strategy Holdings LLC, a Parsippany, New Jersey-based life sciences consulting firm, to accelerate the company’s growth and expand strategic services including a new Gene Therapy Accelerator. The capital will fund team expansion, adjacent service lines and potential tuck-in acquisitions; Simon Kennedy joined SSI Strategy's board in conjunction with the investment.

  • Buyer
    Nordic Capital, Astorg
    Target
    Cytel Inc.
    Seller
    New Mountain Capital
    Type
    Buyout

    Nordic Capital and Astorg have agreed to jointly acquire Cytel Inc. from New Mountain Capital. Cytel, a Waltham, Massachusetts–based provider of clinical trial design software, biometrics services and advanced analytics with more than 1,500 employees, will continue to be led by CEO Josh Schultz while the new owners invest to accelerate product development and growth; terms were not disclosed.

  • Buyer
    Revelstoke Capital Partners
    Target
    Family Care Center

    Revelstoke Capital Partners, a Denver-based private equity firm, has made an investment in an affiliate of Family Care Center, an outpatient psychiatry provider based in Colorado Springs. The capital will support Family Care Center’s expansion of clinics and services to increase access to mental healthcare for active-duty service members, veterans, and surrounding communities.

  • Buyer
    Sun Capital Partners, Inc. (affiliate)
    Target
    Miami Beach Medical Group
    Seller
    Gauge Capital
    Type
    Buyout

    An affiliate of Sun Capital Partners has signed a definitive agreement to acquire Miami Beach Medical Group (MBMG) from Gauge Capital; the transaction closed in December 2020. MBMG, headquartered in Doral, Florida, operates 19 medical centers and an MSO serving Medicare Advantage and Managed Medicaid members and will join Sun Capital as it looks to accelerate growth in the Medicare Advantage market.

  • Buyer
    SymphonyAI Group
    Target
    TeraRecon
    Type
    Buyout

    SymphonyAI Group acquired Durham-based medical imaging and advanced visualization software provider TeraRecon in March 2020. The acquisition expands SymphonyAI's healthcare capabilities by adding TeraRecon's AI-powered imaging and visualization technology to its portfolio.

  • Buyer
    BayMark Health Services
    Target
    Echo Treatment Center
    Type
    Buyout

    BayMark Health Services has acquired Echo Treatment Center, an outpatient opioid treatment program in Washington, Pennsylvania, which will operate under BayMark’s MedMark Treatment Centers brand. The clinic provides medication-assisted treatment (methadone), counseling, in-house lab services and coordinated care for pregnant patients as BayMark expands access in the greater Pittsburgh area.

  • Buyer
    Royal Philips
    Target
    BioTelemetry, Inc.
    Type
    Buyout

    Royal Philips has agreed to acquire BioTelemetry, Inc. in a cash tender offer of USD 72.00 per share, implying an enterprise value of approximately USD 2.8 billion. The deal combines Philips' hospital patient-monitoring capabilities with BioTelemetry's remote cardiac diagnostics and monitoring services (which serve over 1 million patients annually and had 2019 sales of about USD 439 million) to expand Philips' patient care management offerings across hospital and home settings.

  • Buyer
    Apara Autism Centers, Havencrest Capital Management
    Target
    Behavior Pioneers
    Seller
    Brian Tanenbaum
    Type
    Addon

    Apara Autism Centers, a Texas-based ABA therapy platform and portfolio company of Havencrest Capital Management, has acquired Behavior Pioneers, a Dallas-based provider of clinic- and home-based Applied Behavior Analysis (ABA) services. The transaction expands Apara’s footprint and clinical capacity in Texas and aligns with Havencrest’s strategy of growing healthcare-focused platforms through add-on acquisitions.

  • Buyer
    Gryphon Investors, Silver Oak Services Partners
    Target
    Physical Rehabilitation Network (PRN)
    Seller
    Silver Oak Services Partners
    Type
    Buyout

    Gryphon Investors acquired Physical Rehabilitation Network (PRN) from Silver Oak Services Partners, with Silver Oak reinvesting in the newly recapitalized company and PRN management retaining equity. PRN is a leading outpatient physical therapy operator headquartered in Carlsbad, California, operating 138 clinics across 12 states and delivering over one million patient visits annually; Gryphon intends to continue scaling the platform through organic and acquisitive growth.

  • Buyer
    Triton
    Target
    Klinik Schöneberg
    Location
    Berlin, Germany
    Type
    Buyout

    Funds advised by Triton have acquired Klinik Schöneberg, an attending hospital with an attached outpatient clinic in central Berlin. Terms were not disclosed; Triton said the investment expands its activities in the healthcare sector in Europe.

  • Buyer
    WellNow Urgent Care
    Target
    Hometown Urgent Care & Occupational Health
    Type
    Buyout

    WellNow Urgent Care has acquired Hometown Urgent Care & Occupational Health, adding 34 locations across Ohio and Michigan and nearly doubling WellNow’s footprint. The deal expands WellNow’s geographic presence and adds occupational medicine, telehealth and clinical research capabilities; Hometown’s president Manoj Kumar will join WellNow’s leadership team.

  • Buyer
    42 North Dental
    Target
    Wellesley Dental Group
    Seller
    Dr. Femina Ali, Dr. Ejaz Ali
    Type
    Addon

    42 North Dental announced an affiliation with Wellesley Dental Group, adding the practice as the company's 78th supported location and its 52nd in Massachusetts. Founders Dr. Femina Ali and Dr. Ejaz Ali will become equity partners in 42 North Dental and will continue to lead the practice while benefiting from 42 North's administrative support and transition planning.

  • Buyer
    DataLink Software, Revelstoke Capital Partners
    Target
    Orizon360°
    Type
    Addon

    Tampa-based DataLink Software acquired Miami-based Orizon360° to expand its Evoke360 population health platform with Orizon360°'s Rockerbox value-based analytics and financial informatics. The deal, supported by lead investor Revelstoke Capital Partners, strengthens DataLink's capabilities in risk analytics, claims integration and HMO operations while expanding its Florida footprint among Medicare Advantage payers and providers.

  • December 17, 2020
    Buyer
    Sphere, Waud Capital Partners
    Target
    Health iPASS
    Type
    Addon

    Sphere, a Waud Capital Partners-backed payments and software company, has acquired Health iPASS, a Nashville-based cloud patient engagement and revenue cycle management (RCM) platform. The deal expands Sphere’s healthcare payments and patient engagement capabilities, combining integrated payments technology with Health iPASS’s check-in, payment and RCM software to improve provider collections and the patient financial experience.

  • Buyer
    GI Alliance
    Target
    Metropolitan Gastroenterology Associates
    Type
    Addon

    GI Alliance announced a partnership with Metropolitan Gastroenterology Associates (MGA), the largest gastroenterology physician group in Louisiana, expanding GI Alliance's footprint in the state. The deal brings MGA's 26 gastroenterologists, 21 advanced practice providers and three New Orleans-area locations into GI Alliance's national physician-led network to strengthen local GI service delivery and care coordination.

  • Buyer
    NMS Capital
    Target
    Strive Medical

    NMS Capital has partnered with Strive Medical's management on a recapitalization of Strive Medical, a direct-to-patient provider of urological and wound care supplies headquartered in Irving, Texas. Terms were not disclosed; NMS said the investment will be used to expand market penetration, geographic coverage and the company's product offering while management remains in place.

  • Buyer
    Livingbridge
    Target
    Better Medical, SmartClinics
    Location
    Australia

    Livingbridge has invested in two Australian general-practice groups, Better Medical and SmartClinics, combining them into a single platform with 64 clinics and around 450 doctors across Queensland, South Australia, Tasmania and Victoria. The investment will support clinical quality, organic and acquisitive expansion across Australia while existing shareholders (including doctors, management and Genesis Capital) remain invested in the combined group.

  • Buyer
    Radiology Partners
    Target
    MEDNAX Radiology Solutions
    Seller
    MEDNAX, Inc.

    Radiology Partners completed the acquisition of MEDNAX Radiology Solutions, a division of MEDNAX, Inc., in a transaction valued at approximately $885 million that closed December 15, 2020. The deal brings hundreds of MEDNAX radiologists and support staff into Radiology Partners, expanding clinical coverage, subspecialty capabilities and technology resources across the combined organization.

  • Buyer
    Intelerad Medical Systems
    Target
    Digisonics, Inc.
    Type
    Addon

    Intelerad Medical Systems, a Montreal-based medical imaging software provider backed by Hg, has acquired Digisonics, Inc., a Houston-based provider of cardiovascular and obstetrics/gynecology information and structured reporting systems. The acquisition will integrate Digisonics' reporting and clinical interpretation capabilities into Intelerad's enterprise imaging platform to eliminate silos, improve physician workflow efficiency, and strengthen Intelerad's hospital and health system offering.

  • Buyer
    Vistria Group
    Target
    Mission Healthcare
    Seller
    HCAP Partners
    Type
    Buyout

    Chicago-based private investment firm Vistria Group has acquired Mission Healthcare, a San Diego-based home health and hospice provider, in a transaction that represents an exit for HCAP Partners. Vistria’s investment will support Mission Healthcare’s continued growth across Southern California and other markets; terms were not disclosed.

  • Buyer
    Sterling Healthcare Logistics
    Target
    ABS Vaccines
    Type
    Buyout

    Sterling Healthcare Logistics has acquired ABS Vaccines to expand its healthcare supply chain and contracting capabilities. The acquisition adds ABS Vaccines' vaccine and pharmaceutical contract negotiation and group purchasing capabilities to Sterling's ACXSS software and ACXSS365 contract/GPO offering, strengthening Sterling's services for health systems and provider groups.

  • Buyer
    BayMark Health Services (BAART Programs)
    Target
    Choices of Louisiana
    Type
    Buyout

    BayMark Health Services (operating as BAART Programs in Louisiana) acquired Choices of Louisiana, a provider of three Opioid Treatment Programs (one in Alexandria and two in the New Orleans market). The acquisition expands BayMark's medication‑assisted treatment footprint in Louisiana, bringing its total OTP presence in the state to four clinics and integrating Choices' counseling and MAT services into the BAART network.

  • Buyer
    Cedar Gate Technologies
    Target
    Deerwalk
    Type
    Buyout

    Cedar Gate Technologies has acquired Deerwalk to combine complementary healthcare data management, analytics, and business intelligence capabilities into a single value-based care SaaS platform. The deal expands Cedar Gate's employer-based offerings and strengthens its end-to-end analytics, reporting, reconciliation and administrative services for payers, providers, employers and ASOs.

  • Buyer
    BayMark Health Services
    Target
    Liberty Bay Recovery Center
    Seller
    Liberty Bay Recovery Center
    Type
    Buyout

    BayMark Health Services has acquired Liberty Bay Recovery Center, a residential substance use disorder treatment facility in Portland, Maine, marking BayMark's first U.S.-based residential treatment center. The acquisition expands BayMark's continuum of care into residential, partial hospitalization and intensive outpatient services; Mertz Taggart represented Liberty Bay in the transaction.

  • Buyer
    TA Associates, Ares Management (Credit Group), Varagon Capital Partners
    Target
    The Benecon Group

    TA Associates has completed a significant growth investment in The Benecon Group, a Lititz, Pennsylvania-based developer and manager of self-funded medical benefit programs. Financing for the transaction was provided by funds managed by the Credit Group of Ares Management and Varagon Capital Partners; financial terms were not disclosed.

  • Buyer
    Linden Capital Partners
    Target
    Specialty Networks, LLC
    Seller
    Nautic Partners, Management
    Type
    Buyout

    Linden Capital Partners, a Chicago-based healthcare private equity firm, made a majority investment in Specialty Networks, LLC alongside current shareholders including Nautic Partners and management. The investment will provide Specialty Networks — a Rocky River, Ohio-based provider of a urology-focused GPO, analytics, and consulting services — with capital and resources to expand its services and capabilities for community-based urology practices and industry partners.

  • Buyer
    Medicure Inc., Medicure Pharma Inc.
    Target
    Marley Drug, Inc.
    Seller
    arms-length third-party
    Type
    Buyout

    Medicure Inc., through its wholly-owned U.S. subsidiary Medicure Pharma Inc., agreed to acquire 100% of Marley Drug, Inc., a specialty mail-order pharmacy based in North Carolina, for an upfront USD $6.3 million plus contingent payments. Marley serves over 30,000 customers nationwide, generated approximately $7.0 million of revenue and more than $1.7 million of EBITDA for the 12 months ended October 31, 2020, and the acquisition expands Medicure's direct-to-patient distribution and specialty pharmacy capabilities in the United States.

  • Buyer
    Centerbridge Partners
    Target
    Community Psychiatry Management, LLC
    Seller
    New Harbor Capital
    Type
    Buyout

    New Harbor Capital has sold Community Psychiatry Management, LLC, a Sacramento-based outpatient behavioral health provider, to Centerbridge Partners. Community Psychiatry operates more than 40 clinics and telemedicine services across California with 100+ affiliated psychiatrists and more than 120 behavioral health clinicians; Centerbridge acquires the company to support further geographic expansion and growth.

  • Buyer
    Amazing Care Home Health Services, Inc., 3 Rivers Capital, LLC
    Target
    Lakeway Home Health
    Type
    Addon

    3 Rivers Capital’s portfolio company Amazing Care Home Health Services has acquired Lakeway Home Health, a Temple, Texas-based pediatric and skilled home health provider. The deal expands Amazing Care’s pediatric PDN footprint beyond the Denver/Aurora region into Central Texas; Arthur Lowry will lead the combined company.

  • Buyer
    Excel Orthopedic Rehabilitation, P.A., Caymus Equity Partners LLC
    Target
    Family Focus Physical Therapy P.A.
    Type
    Addon

    Excel Orthopedic Rehabilitation, a portfolio company of Caymus Equity Partners, acquired Family Focus Physical Therapy P.A., an outpatient physical therapy provider serving southern and central New Jersey. The deal, closed in December 2020, is the fourth strategic acquisition by Excel since Caymus Equity partnered with other investors in a majority recapitalization in 2016.

  • Buyer
    Blue Sea Capital
    Target
    Beacon Oral Specialists, Atlanta Oral & Facial Surgery, Bay Area Oral Surgery Management

    Blue Sea Capital has made a substantial growth investment to form Beacon Oral Specialists, a management services organization that will support Atlanta Oral & Facial Surgery (AOFS) and Bay Area Oral Surgery Management (BAOSM). The affiliation creates a national oral surgery platform spanning roughly 37 clinic locations and nearly 40 oral surgeons, enabling the surgeon-led practices to retain clinical roles while receiving centralized administrative, billing, IT and marketing support to accelerate growth.

  • Buyer
    Investcorp
    Target
    Sanos Group
    Location
    Denmark
    Type
    Buyout

    Investcorp has acquired Sanos Group, a Denmark-based contract research organization (CRO) specialized in osteoarthritis clinical trials and site management. Investcorp said it will support Sanos' international expansion and growth into additional therapeutic areas and geographies, including expanding its research clinic network.

  • Buyer
    Chiro One Wellness Centers
    Target
    HealthZone (Geist clinic)
    Type
    Addon

    Chiro One Wellness Centers has acquired the HealthZone chiropractic clinic in the Geist area of northeastern Indianapolis and will transition the location to the Chiro One Wellness Center brand. The acquisition expands Chiro One's footprint in the Indianapolis market (adding a third clinic in the northeast Indianapolis area) as part of the company's broader Midwest growth strategy; Chiro One is managed by TVG-Medulla, LLC.

  • Buyer
    Ergomed plc
    Target
    MS Clinical Services, LLC (MedSource)
    Type
    Buyout

    Ergomed plc has acquired MS Clinical Services, LLC (MedSource), a Houston-based full-service CRO specializing in oncology and rare disease, for an initial $16.2 million in cash plus potential shares and contingent consideration. The acquisition expands Ergomed's US footprint (adding ~110 US employees and offices in Houston, Raleigh and Boston), strengthens its specialist clinical research capabilities and is expected to be immediately accretive.

  • Buyer
    Calibre Scientific
    Target
    Canadian Life Science
    Location
    Ontario, Canada
    Type
    Buyout

    Calibre Scientific, a global provider of life-science reagents and consumables, has acquired Canadian Life Science (CLS), a Peterborough, Ontario-based distributor of chromatography and laboratory consumables. The acquisition gives Calibre an established distribution hub in Canada and expands its North American footprint to support co-sales and broader customer interactions.

  • Buyer
    The Riverside Company
    Target
    Clinical Education Alliance
    Seller
    Renovus Capital Partners
    Type
    Buyout

    The Riverside Company has signed a definitive agreement to acquire a majority stake in Clinical Education Alliance (CEA), a Virginia-based provider of live and web-based continuing medical education (CME). Renovus Capital Partners sold its majority stake but will remain a minority investor; Riverside plans to expand CEA’s therapeutic areas, end-user base and technology offering to accelerate growth.

  • Buyer
    ERT, Nordic Capital, Astorg, Novo Holdings A/S
    Target
    Bioclinica
    Seller
    Cinven
    Type
    Buyout

    ERT has merged with Bioclinica to create a global leader in clinical trial endpoint technology, combining Bioclinica's imaging and eClinical capabilities with ERT's expertise in eCOA, cardiac safety, respiratory and wearables. The transaction was completed in 2021 with Cinven (Bioclinica's owner) becoming a significant minority shareholder in ERT alongside Nordic Capital, Astorg and Novo Holdings A/S.

  • Buyer
    DuvaSawko, Varsity Healthcare Partners
    Target
    abeo Management Corporation
    Seller
    Parthenon Capital
    Type
    Addon

    Varsity Healthcare Partners-backed DuvaSawko has merged with abeo Management Corporation, combining two leading revenue cycle management (RCM) providers serving emergency medicine and anesthesia practices. Parthenon Capital exited its investment in abeo as part of the transaction; management of both companies will remain meaningfully invested and Michael O'Boyle will serve as CEO of the combined business.

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