Healthcare Services Acquisitions in 2023

Acquisition Volume in Healthcare Services in 2023 by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Healthcare Services Acquisitions in 2023. 997 2022 696 2023 753 2024 822 2025 ~941 est. 214 2026
Actual Full-year estimate
  • Buyer
    Aquiline Capital Partners LP
    Target
    Pharma Force Group LLC (PharmaForce)
    Type
    Buyout

    Aquiline Capital Partners has made a majority investment in Pharma Force Group LLC, a U.S.-based provider of 340B administration software and pharmacy benefits management solutions. The partnership will support PharmaForce’s product expansion and strategic M&A plans to accelerate growth across hospitals and health clinics. Piper Sandler advised PharmaForce; transaction closed in Q4 2023 with financial terms undisclosed.

  • Buyer
    Integrated Foot and Ankle Specialists (IFAS), Avonwood Capital Partners, Mereo Capital Partners
    Target
    Quarryville Family Foot Care
    Type
    Addon

    Integrated Foot and Ankle Specialists (IFAS) acquired Quarryville Family Foot Care in Lancaster County, Pennsylvania, with the transaction closing on December 29, 2023. IFAS — a PE-backed joint venture between Avonwood Capital Partners and Mereo Capital Partners — completed its fifth add-on of 2023, bringing the platform to 16 locations and expanding its regional podiatry network.

  • Buyer
    ARC Health, Thurston Group
    Target
    Exult Healthcare
    Type
    Addon

    ARC Health, a Thurston Group portfolio company, has acquired Exult Healthcare, a Texas-based mental health practice founded by Dr. Deepika Bhargava. The deal brings Exult's integrated behavioral health services — including MAT, TMS and IOP — into the ARC Health network to expand care access and enhance clinical capabilities in Texas.

  • Buyer
    Bruker Corporation
    Target
    ELITech Group
    Seller
    PAI Partners
    Location
    Italy
    Type
    Buyout

    PAI Partners has entered into an agreement with Bruker Corporation to sell ELITech Group, a global manufacturer of in-vitro diagnostics (IVD) instruments and reagents. The deal is subject to regulatory and customary closing conditions and includes a put option for the sale. Under PAI’s ownership since 2017, ELITech pursued R&D investments, next-generation molecular diagnostics systems, and strategic partnerships.

  • Buyer
    AstraZeneca
    Target
    Gracell Biotechnologies Inc.
    Location
    China
    Type
    Buyout

    AstraZeneca entered into a definitive agreement to acquire Gracell Biotechnologies, a global clinical-stage biopharmaceutical company focused on autologous cell therapies for cancer and autoimmune diseases. The deal is expected to close in the first quarter of 2024 and includes Gracell’s FasTCAR-enabled dual-targeting CAR-T therapy GC012F, with an upfront value of about $1.0 billion and total transaction value of up to about $1.2 billion including a contingent value right tied to a regulatory milestone.

  • Buyer
    7NXT, Oakley Capital
    Target
    7Mind
    Location
    Berlin, Germany
    Type
    Addon

    Oakley Capital portfolio company 7NXT, which owns Gymondo, has acquired German mental wellbeing app 7Mind to create a combined digital platform for physical and mental fitness with more than 650,000 paying subscribers. The deal expands product capabilities (adding mindfulness and meditation content), diversifies the customer base into more B2B relationships (including health insurers and corporates), and creates scale for further international growth and M&A.

  • Buyer
    Standard BioTools Inc.
    Target
    SomaLogic, Inc.
    Location
    United States
    Type
    Buyout

    SomaLogic, Inc. announced a proposed merger with Standard BioTools Inc., but several SomaLogic shareholders publicly urged a “no” vote. Tikvah Management and Madryn Asset Management criticized the merger on grounds including alleged undervaluation, process and disclosure concerns, and quality of Standard BioTools’ business and balance sheet.

  • Buyer
    Jackson House
    Target
    Cameron Care, Inc.
    Seller
    Geraldine & Corey Cameron, Corey Cameron
    Type
    Buyout

    Jackson House has acquired a majority interest in Cameron Care, Inc., creating Cameron Care, LLC and retaining owner Corey Cameron as Executive Director. The deal expands Jackson House’s residential mental health footprint into Multnomah County and combines the two providers’ capabilities to broaden service offerings and streamline operations across Cameron Care’s three residential facilities (39 beds).

  • Buyer
    Veda Living
    Target
    Emerald City Senior Living
    Seller
    Greenlake Senior Living
    Type
    Buyout

    Veda Living announced the acquisition of the management contract for Emerald City Senior Living, a 119-unit private-pay senior living community in Seattle, Washington, marking Veda's 14th management contract. The move expands Veda's portfolio in the Seattle market and underscores its focus on affordable, middle-market senior living through a partnership with Greenlake Senior Living.

  • Buyer
    West Monroe
    Target
    Inspired Health
    Type
    Buyout

    West Monroe, a global business and technology consulting firm, has acquired Inspired Health, a Boston-based market insights and commercial strategy consultancy serving life sciences clients. The deal expands West Monroe’s life sciences capabilities, adds a Boston office at 2 Liberty Square, and brings experienced industry leaders from Inspired Health into West Monroe’s team.

  • Buyer
    GREENPEAK Partners, PARATUS
    Target
    aycan
    Location
    Bavaria, Germany
    Type
    Addon

    GREENPEAK Partners, through its holding group PARATUS, has acquired aycan, a medical imaging IT solutions provider headquartered in Wuerzburg, Germany. The deal brings aycan into the PARATUS group alongside IMAGE Information Systems to broaden the group's PACS and medical imaging solution portfolio and enable complementary Windows, Mac and Linux offerings.

  • Buyer
    HouseWorks Holdings, LLC, InTandem Capital Partners
    Target
    Elite Home Health Care
    Type
    Addon

    HouseWorks Holdings, backed by InTandem Capital Partners, has entered into definitive agreements to partner with Elite Home Health Care to expand HouseWorks' BetterCare at Home footprint into New York. Elite, led by Gershon Strasser who will remain as President of the New York region, delivers care to close to 4,000 clients across the New York metro and upstate regions; the transaction is subject to regulatory approval.

  • Buyer
    mPulse, PSG
    Target
    HealthTrio, Decision Point Healthcare Solutions
    Location
    United States
    Type
    Buyout

    mPulse, a Los Angeles-based provider of conversational AI and digital engagement for healthcare, acquired HealthTrio and Decision Point Healthcare Solutions to create a full-service member engagement, analytics, and activation platform. The transactions were supported by mPulse’s majority investor PSG and existing shareholders to expand mPulse’s capabilities in analytics, member experience optimization, and omni-channel engagement.

  • Buyer
    Schweiger Dermatology Group
    Target
    Millburn Laser Center, Scherl Dermatology
    Seller
    NavaDerm Partners, BelHealth Investment Partners, LLC

    Schweiger Dermatology Group (SDG) has acquired NavaDerm Partners' New Jersey practices — Millburn Laser Center and Scherl Dermatology — from NavaDerm, a portfolio company of BelHealth Investment Partners. Terms were not disclosed; Brown Gibbons Lang & Company served as exclusive financial advisor to NavaDerm. The transaction expands SDG's East Coast footprint and provider network.

  • Buyer
    Avantik, Water Street Healthcare Partners
    Target
    CPBS Holdings, Marston Technical Services
    Location
    United States
    Type
    Addon

    Avantik has expanded its national service network by bringing CPBS Holdings and Marston Technical Services (MTS) into its platform. The additions more than double Avantik's geographic footprint and increase its technicians, service hubs, and consumable inventory to better support anatomic pathology, histology and dermatology laboratories nationwide.

  • Buyer
    Advanced Diagnostics Healthcare System
    Target
    TREND Healthcare
    Type
    Buyout

    Advanced Diagnostics Healthcare System (ADHS), an independent physician-led network, has acquired TREND Healthcare, a network of multi-specialty clinics operating across the Dallas–Fort Worth metroplex. The deal expands ADHS's footprint in Texas and brings additional primary care, orthopedic, neurosurgery and occupational medicine capabilities into its portfolio.

  • Buyer
    TREND Health Partners, Lone View Capital
    Target
    Advent Health Partners
    Type
    Addon

    TREND Health Partners has acquired Advent Health Partners to integrate Advent’s AI-driven CAVO clinical review platform into TREND’s TRENDConnect payment accuracy and revenue integrity offering. The deal, supported by a follow-on investment from Lone View Capital, expands TREND’s capabilities to serve more payer and provider clients and scale clinical and non-clinical data analytics across the combined customer base.

  • Buyer
    Nixon Medical
    Target
    A Linen Connection (healthcare business)
    Seller
    A Linen Connection

    Nixon Medical, a New Castle, Delaware-based medical apparel and linen services provider, acquired the healthcare business of A Linen Connection, an Orlando, Florida commercial laundry that has served Central Florida for more than 40 years. The transaction closed on December 15, 2023; terms were not disclosed and advisers included Fairmount Partners and Cozen O'Connor.

  • Buyer
    Alliance for Multispecialty Research (AMR)
    Target
    Affinity Health
    Type
    Addon

    Alliance for Multispecialty Research (AMR) has acquired Affinity Health, a clinical research services provider founded in 2015. The deal adds Affinity's sites and eight principal investigators to AMR's network, expanding AMR's geographic footprint (including Chicago and Nashville) and strengthening its clinical trial capabilities and patient diversity.

  • Buyer
    Flourish Research, NMS Capital
    Target
    Merritt Island Medical Research
    Type
    Addon

    Flourish Research, a multi‑site clinical research platform backed by NMS Capital, has acquired Merritt Island Medical Research (MIMR) in Merritt Island, Florida. The deal is an add‑on to Flourish's platform (its tenth acquisition) and strengthens its neuroscience clinical research capabilities; MIMR's founders and leadership will remain with the site.

  • Buyer
    ARES Group, Brain Hospital, Highlander Partners
    Target
    Monza Hospital (cardiology activities)
    Seller
    Policlinico di Monza
    Location
    Bucharest, Romania
    Type
    Addon

    ARES Group, a Highlander Partners portfolio company, has completed the acquisition of the cardiology activities of Monza Hospital in Bucharest from Policlinico di Monza and will operate the hospital's cardiovascular surgery and interventional cardiology departments. Concurrently, Brain Hospital will take over Monza's neurosurgery, ENT, orthopedics and other surgical departments, and the combined cardiology platform will operate under the newly formed MONZA-ARES Group to expand private cardiology services across Romania.

  • Buyer
    Herspiegel Consulting
    Target
    Adivo Associates
    Type
    Buyout

    Herspiegel Consulting has acquired Adivo Associates, a healthcare strategy and specialty market insights firm. The deal expands Herspiegel's commercialization capabilities by integrating Adivo's data and analytics with Herspiegel's market access and medical affairs practices, creating a combined team of over 150 employees and broadening the firm's global footprint.

  • Buyer
    The Flex Co.
    Target
    Allbodies Inc.
    Location
    United States
    Type
    Buyout

    The Flex Co., a leading sustainable period-care brand based in Venice, California, has acquired Allbodies Inc., an inclusive reproductive and sexual health education platform. The acquisition brings Allbodies' educational content and network of practitioners into Flex's product ecosystem to expand the company's women's health education and product-development capabilities; financial terms were not disclosed.

  • Buyer
    CrestPeak, Boathouse Capital
    Target
    Millennium Health and Fitness
    Type
    Buyout

    CrestPeak, a Boathouse Capital‑sponsored company, has acquired Millennium Health and Fitness. The deal places Millennium under new executive leadership and aims to expand the company's footprint in population health management, human performance and health & wellness services for corporate and government clients.

  • Buyer
    Platt Park Capital, Source Capital (SCCO IV), Gemini Investors
    Target
    Hiatus Spa + Retreat
    Type
    Buyout

    Platt Park Capital, with debt financing and a co-investment from Source Capital (via SCCO IV) and partnership support from Gemini Investors, has acquired Hiatus Spa + Retreat, a multi-unit wellness and medical spa headquartered in Dallas, Texas. Hiatus operates eight locations across Dallas, Austin, Houston, and San Antonio and offers membership-based wellness programming alongside spa and medspa services; the investors intend to scale the business through multi-unit growth and unit-level profitability improvements.

  • Buyer
    West Physics Consulting, LLC
    Target
    Radiation Protection Services, Ltd.
    Type
    Buyout

    West Physics Consulting, LLC has completed the acquisition of Radiation Protection Services, Ltd., a regional provider of medical and health physics services based in Springfield, Illinois. The deal expands West Physics' capabilities in radioactive material and imaging equipment testing and strengthens its service capacity and regional coverage across Illinois, Missouri, Iowa and Indiana.

  • Buyer
    Aditxt, Inc.
    Target
    Evofem Biosciences, Inc.
    Type
    Buyout

    Aditxt, Inc. (NASDAQ: ADTX) signed a definitive agreement to acquire Evofem Biosciences, Inc. (OTCQB: EVFM) in a transaction with an aggregate value of approximately $100 million, using a mix of Aditxt common and preferred stock plus assumption of certain senior indebtedness. The deal is intended to create a women’s health mission within Aditxt and position Evofem’s Phexxi and other products for global expansion.

  • Buyer
    Prime Global Medical Communications Ltd, Levine Leichtman Capital Partners
    Target
    Aventine Consulting
    Type
    Addon

    Prime Global Medical Communications, a portfolio company of Levine Leichtman Capital Partners, has acquired Aventine Consulting, a U.S.-based market access and payer communications consultancy. The add-on purchase (terms undisclosed) expands Prime's U.S. evidence and access capabilities and establishes a local market access presence to better serve U.S.-based and global clients.

  • Buyer
    Grand Fitness Partners, HGGC
    Target
    Eight Planet Fitness locations (Central Valley, California)
    Seller
    PCV Holding Co. LLC
    Type
    Addon

    Grand Fitness Partners, an HGGC-backed Planet Fitness franchisee, has acquired eight Planet Fitness locations in California's Central Valley from PCV Holding Co. LLC; the sellers rolled part of the proceeds into Grand Fitness and retain a minority stake. The acquisition expands Grand Fitness' California footprint (cities include Fresno, Modesto and Stockton) and is an add-on to support organic growth and new-club development.

  • Buyer
    Advanced Fertility Care, Pinnacle Fertility
    Target
    Reproductive Health Center
    Type
    Addon

    Advanced Fertility Care (a member of the Pinnacle Fertility network) announced the integration of Reproductive Health Center in Tucson, Arizona into its family of clinics. The clinic will continue operating at its current Tucson location under AFC leadership, with Dr. Scot Hutchison remaining as the managing REI physician to expand AFC/Pinnacle’s fertility services in Arizona.

  • Buyer
    imaware
    Target
    binx health (consumer testing business)
    Seller
    binx health

    imaware has acquired binx health's at-home consumer testing business in a deal that expands imaware's test menu and strengthens its position in the home-health testing market. binx health will retain its point-of-care molecular diagnostics business, which was excluded from the transaction.

  • Buyer
    Honor Health Network, Webster Equity Partners, RHA Health Services, Blue Wolf Capital
    Target
    Just Home Healthcare Services
    Seller
    H.I.G. Growth Partners

    H.I.G. Growth Partners completed the sale of its portfolio company Just Home Healthcare Services (JHC) in two transactions: the Personal Home Care and Adult Day Health segments were sold in April 2023 to Honor Health Network (backed by Webster Equity Partners), and the Group Home and Independent Living Program segments were sold in October 2023 to RHA Health Services (backed by Blue Wolf Capital). H.I.G. acquired JHC in January 2017 and during its hold the company expanded group home capacity, grew home-care census hours and materially improved revenue and EBITDA prior to the divestitures.

  • December 6, 2023
    Buyer
    Healthcare Outcomes Performance Company (HOPCo)
    Target
    MyACTome
    Type
    Buyout

    Healthcare Outcomes Performance Company (HOPCo) has acquired MyACTome, a validated smartphone-based fall risk and frailty assessment platform, to expand HOPCo's digital health capabilities for musculoskeletal value-based care. MyACTome's smartphone motion-sensor algorithms and web dashboards will be integrated into HOPCo's msk.ai platform to enable remote and in-clinic patient assessments and improve fall-risk stratification and outcomes.

  • Buyer
    R1 RCM Inc.
    Target
    Acclara
    Seller
    Providence
    Type
    Buyout

    R1 RCM Inc. has entered into a definitive agreement to acquire Acclara from Providence for $675 million in cash plus warrants to purchase 12.2 million shares of R1. The deal includes a 10-year revenue cycle management agreement whereby Acclara and Providence will partner with R1, expanding R1's scale, capabilities, and long-term revenue opportunities in healthcare revenue cycle management.

  • Buyer
    Fountain Life
    Target
    LifeOmic
    Type
    Buyout

    Fountain Life, a preventative health and advanced diagnostics membership company, has acquired LifeOmic, a health data technology firm, obtaining LifeOmic's platform, mobile apps, IP, and engineering team to power Fountain Life's data-driven diagnostics and membership services. The acquisition will integrate LifeOmic's cloud data, genomic analysis, EHR integration, and AI/ML capabilities into Fountain Life's digital and at-home offerings to expand its precision and preventive care services.

  • Buyer
    National HME
    Target
    Hospice Source
    Type
    Buyout

    National HME, a provider of technology-enabled hospice durable medical equipment solutions, has acquired Hospice Source, a Carrollton, Texas-based supplier of medical equipment to hospice patients and facilities. The deal expands National HME's footprint and capacity to serve hospices nationwide and brings Hospice Source onto National HME's Hospice Cloud Pro platform to improve service delivery and operational efficiency.

  • Buyer
    Tygon Peak Capital, Greyrock Capital Group, Management (founding physician management of DIM and IMAP)
    Target
    Doctors of Internal Medicine (DIM), Internal Medicine Associates of Plano (IMAP)
    Type
    Buyout

    Tygon Peak Capital has created a new internal medicine platform through its investment in Doctors of Internal Medicine (DIM) and Internal Medicine Associates of Plano (IMAP), both in the Dallas, Texas area. Greyrock Capital Group joined as a capital partner, Sunflower Bank provided senior debt, and the founding physicians (Drs. Ladan Bakhtari and Arash Tirandaz) will continue as co-CEOs as the Platform seeks to scale services and pursue organic growth and acquisitions across North Texas and beyond.

  • Buyer
    Lee Equity Partners, LLC, Elements Health Investors, LLC
    Target
    Carisk Partners
    Seller
    MBF Healthcare Partners

    Carisk Partners, a Miami-based specialty risk transfer and care coordination company focused on the workers' compensation market, completed a recapitalization led by Lee Equity Partners and Elements Health Investors. The transaction (previous sponsor MBF Healthcare Partners) will fund Carisk's expansion and investments in products and services to strengthen its care coordination and value-based clinical offerings.

  • Buyer
    HCMS Napa, LLC
    Target
    Lobo Solutions, Inc.
    Seller
    Kenneth Lobo (Founder & Owner)
    Type
    Buyout

    HCMS Napa, LLC has acquired Lobo Solutions, Inc., a Poway, California-based medical billing and coding services provider. The transaction, advised by Generational Equity, closed on December 4, 2023 and is intended to expand HCMS Napa's billing/coding capabilities and client reach in the region.

  • Buyer
    HealthEdge Investment Partners, LLC
    Target
    P3 Oral Surgery (Pluri Potent Partnership, LLC)

    HealthEdge Investment Partners has made a strategic growth investment in Pluri Potent Partnership, LLC (doing business as P3 Oral Surgery), partnering with P3's surgeons who retain a meaningful ownership stake. The capital and support will be used to scale P3's oral and maxillofacial surgery platform across the Mid-Atlantic, pursue new surgeon partnerships, and expand operational capabilities.

  • Buyer
    ARC Health, Thurston Group
    Target
    Advanced Psychiatric Group (APG Health)
    Type
    Addon

    ARC Health, a Thurston Group portfolio company, has acquired Advanced Psychiatric Group (APG Health), the largest outpatient behavioral healthcare clinic in Central Florida that serves more than 20,000 patients. The deal, announced Dec. 4, 2023, was facilitated by Bayshore Growth Partners and is intended to expand ARC Health's provider network and strengthen APG Health's capabilities and reach across Central Florida.

  • Buyer
    Xponential Fitness, Inc.
    Target
    Lindora
    Type
    Buyout

    Xponential Fitness, Inc. agreed to acquire Lindora, a medically guided metabolic health and weight-management brand, including Lindora's intellectual property and 31 existing clinics which will become Xponential franchise locations. The acquisition expands Xponential's wellness offerings by adding medically supervised weight-management, IV hydration, and hormone replacement therapy capabilities and is expected to be immediately accretive to AUV and adjusted EBITDA; the deal is expected to close in early 2024.

  • December 4, 2023
    Buyer
    The Bay Club Company
    Target
    PRO Club Inc.
    Type
    Buyout

    The Bay Club Company announced the acquisition of PRO Club Inc., adding PRO Club’s Seattle and Bellevue health and wellness facilities to Bay Club’s West Coast portfolio. The deal expands Bay Club’s footprint to 26 locations and brings PRO Club’s approximately 800 employees, while PRO Club founders Dick Knight and Dr. Mark Dedomenico will remain as strategic advisors for at least three years.

  • Buyer
    Solaris Health Holdings, Lee Equity Partners
    Target
    Urologic Consultants
    Type
    Addon

    Solaris Health Holdings announced that Urologic Consultants of Grand Rapids, Michigan, has joined Solaris as an affiliate. The transaction—backed by Solaris financial partner Lee Equity Partners—adds 10 providers and expands Solaris’ urology platform presence in West Michigan; terms were not disclosed.

  • Buyer
    Ingenovis Health, Inc., Cornell Capital, Trilantic North America
    Target
    Corazon, Inc.
    Type
    Addon

    Ingenovis Health, a technology-enabled healthcare workforce and physician services platform backed by Cornell Capital and Trilantic North America, has acquired Corazon, Inc., a Pittsburgh-based provider of program development, consulting and accreditation services for cardiovascular, neuroscience, orthopedic and surgical service lines. Corazon will continue to operate under its brand and will augment Ingenovis Health's Physician Services division (including VitalSolution and VISTA Staffing Solutions) by adding accredited program development, quality management and accreditation capabilities for hospitals, health systems and physician practices across the U.S. and Canada.

  • Buyer
    The Pennant Group, Inc.
    Target
    Southwestern Palliative Care and Hospice
    Type
    Buyout

    The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Southwestern Palliative Care and Hospice, a provider of skilled hospice services based in Yuma, Arizona. The acquisition expands Pennant's hospice footprint in southern Arizona and strengthens its ability to deliver end-of-life care to residents of Yuma and surrounding communities.

  • Buyer
    Eye Health America
    Target
    Medical, Laser, & Surgical Care of Vision and Eye Diseases
    Type
    Addon

    Eye Health America (EHA), a PE-backed integrated eyecare platform headquartered in Greenville, South Carolina, has partnered with Medical, Laser, & Surgical Care of Vision and Eye Diseases (MLSCVED) in Venice, Florida as its 23rd strategic partnership. The deal expands EHA’s footprint in the Venice/Sarasota region and brings the local ophthalmology practice additional operational and clinical support.

  • Buyer
    Cardiovascular Associates of America (CVAUSA), Webster Equity Partners
    Target
    Heart & Vascular Center of Arizona (HVCA)
    Seller
    Heart & Vascular Center of Arizona (HVCA)
    Type
    Addon

    Cardiovascular Associates of America (CVAUSA), a physician-led network backed by Webster Equity Partners, has acquired Heart & Vascular Center of Arizona (HVCA), an independent cardiovascular practice with multiple clinical locations in the Phoenix metropolitan area. B. Riley Securities served as sell-side M&A advisor to HVCA on the transaction.

  • Buyer
    Fremman Capital
    Target
    HT Médica
    Seller
    Luna family
    Location
    Spain
    Type
    Buyout

    Fremman Capital has acquired a majority stake in HT Médica, a leading Spanish provider of radiology and diagnostic imaging services, partnering with the Luna family to support the company's next stage of growth. Fremman will help HT Médica expand its reach, implement technology and drive value creation across its network of 20 diagnostic imaging centres and 2 laboratory centres in Spain.

  • Buyer
    Experian (Experian Health)
    Target
    Wave HDC
    Type
    Buyout

    Experian Health has acquired Wave HDC, a healthcare technology firm that provides AI-enhanced data curation and insurance discovery solutions. The deal expands Experian Health’s patient access and eligibility capabilities to enable real-time, single-inquiry insurance identification at patient registration, aiming to reduce claim denials and accelerate reimbursements for providers.

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