Healthcare Services Acquisitions in United States

The Lockwood Group acquired Research To Practice (RTP), a provider of accredited oncology-focused medical education for healthcare professionals. The deal expands The Lockwood Group’s global healthcare services platform and strengthens its oncology education and clinical insights offerings to support clinicians with evidence-based continuing medical education worldwide.

Function Health has acquired Ezra and will integrate Ezra’s FDA-cleared AI-powered imaging into Function’s lab-testing-based personal health platform. The combined offering launches a 22-minute, $499 full-body MRI (down from ~60 minutes and over $1,500), aiming to make annual scanning more accessible and enable more predictive, longitudinal healthcare insights.

NeuroFlow, a behavioral health technology and analytics company, announced it has acquired virtual mental and behavioral health platform Quartet Health in a deal expected to close at the end of January 2025. The acquisition adds Quartet’s behavioral health provider network and referral management capabilities, expanding NeuroFlow’s offerings and customer reach.

CORA Health Services, Inc., doing business as CORA Physical Therapy, announced the acquisition of four One to One Physical Therapy clinics. The deal expands CORA’s outpatient rehabilitation footprint in South Florida, strengthening its presence in the Broward and Palm Beach markets.

HouseWorks Holdings, LLC acquired Massachusetts-based home care providers O'Connell Care at Home and Best Home Care to expand its personal care services footprint in a core market. O'Connell Care at Home is based in the Springfield region and Best Home Care serves the Greater Boston area, strengthening HouseWorks' operations and staffing reach across Massachusetts. The transactions are HouseWorks' second and third acquisitions in Massachusetts since its partnership with InTandem Capital in December 2022.

NeuroFlow acquired Intermountain Health's proprietary behavioral health analytics (risk complexity) model to incorporate it into NeuroFlow's analytics suite. The deal expands NeuroFlow’s analytics and AI capabilities and enables broader national deployment of the clinically validated risk stratification model to NeuroFlow clients starting in 2025.

NavaDerm Partners, a dermatology platform backed by BelHealth Investment Partners, sold its Bronx-based practice Dermatology and Surgery Associates (DSA) to Schweiger Dermatology Group. The transaction represents an exit of DSA from the NavaDerm platform, which was formed in 2018.

Attune Wellness Med Spa acquired Greenwich-based med spa Burton Young in late August. The deal expands Attune’s footprint in the Northeast and adds a turnkey location in Greenwich, Connecticut. Burton Young’s location at 43 Greenwich Avenue is set to reopen as Attune Wellness Med Spa on September 9, with continuity of care for existing clients.

Cloudbreak Health, a healthcare-focused video remote interpretation services company, acquired tech-enabled language services provider Voyce and rebranded the combined business as Equiti. The deal brings together Voyce’s language services with Cloudbreak’s Martti video remote interpretation platform to expand interpreter capacity, improve connection times, and broaden language coverage across North America.

Lightview Capital announced the sale of Array, a content engagement and tech-enabled services provider for life sciences events, to WCG. Array has been part of Lightview Capital’s portfolio since 2019, during which time it expanded its proprietary technology and virtual/hybrid meeting capabilities. The acquisition positions Array to continue supporting clinical research and life sciences event engagement under WCG’s ownership.

Cardiovascular Associates of America (CVAUSA), a Florida-based private equity-backed cardiology management group, has acquired Novolink Health, an at-home care organization focused on high-risk, high-cost patients. Deal terms were not disclosed. Following the transaction, Novolink will operate as an official division of CVAUSA.

Knack Global acquired Merrick Management, Inc., a provider of revenue cycle management (RCM), practice management, accounting, and tax services focused on anesthesia providers. The deal expands Knack Global into the anesthesia RCM market and establishes a new Anesthesia Services division in which Merrick’s management team will continue in leadership roles. LKCM Headwater is cited as Knack’s investment partner.

Consello Capital, the private equity arm of Consello, has acquired EHE Health, a national provider network focused on employer-based preventive healthcare. EHE Health partners with mid- and large-sized employers and delivers comprehensive preventive care exams through a nationwide network of more than 200 clinics and physician practices. The acquisition is intended to support EHE Health’s continued growth and expansion.

Tulip Hill Healthcare acquired majority ownership of Tennessee Detox Center and Live Again Detox, detox facilities located in La Vergne and Nashville, Tennessee. The transaction marks Tulip Hill Healthcare’s first acquisition since its formation from the merger of Tulip Hill Recovery, Louisville Addiction Center, and Lexington Addiction Center, expanding its behavioral health footprint in Tennessee and Kentucky.

BelHealth Investment Partners has completed the sale of VFP Pharmacy Group, one of the largest independent national fertility pharmacies in the United States. Financial terms were not disclosed. BelHealth originally acquired VFP in August 2015 and expanded the business through three add-on acquisitions and organic growth.

EnableComp acquired ANI Healthcare Solutions, LLC, a San Francisco-based denial management and revenue cycle company serving hospitals nationwide. The deal expands EnableComp’s denial management capabilities and enhances its E360 RCM intelligent automation platform within its specialty revenue cycle management offering. EnableComp and Welsh, Carson, Anderson & Stowe (WCAS) worked with Greenberg Advisors as exclusive M&A advisor on the transaction.

Behavioral Framework acquired Behavior Consultation & Psychological Services (BCPS), a provider of clinic-, home-, and school-based ABA therapy and autism diagnostic services for children in North Carolina. The partnership expands Behavioral Framework’s reach and diagnostic capabilities across Maryland, Virginia, North Carolina, and the District of Columbia, with BCPS founder Jason Cone continuing to lead clinical operations in North Carolina.

The University of Virginia Health System (UVA Health) agreed to acquire Piedmont Family Practice, a private family medicine clinic based in Warrenton, Virginia, with closing expected later this summer. The deal adds Piedmont’s related service lines—including urgent care, a bariatric/weight loss center, and a medical laboratory—to UVA Health’s expanding statewide primary care network, and all current staff are expected to be retained.

RadNet Inc. acquired nine outpatient imaging centers through two tuck-in transactions totaling $14 million, as disclosed in an SEC filing. The company bought Antelope Valley Imaging for $3.53 million (five centers in Lancaster and Palmdale, California) and acquired Grossman Imaging Centers for $10.5 million (four centers in Oxnard and Ventura, California).

Varian, a Siemens Healthineers company, acquired Aspekt Solutions (formerly Medical Physics Holdings), a provider of medical physics, dosimetry, and strategy consultation services. The deal represents L2 Capital’s exit from its 2017 investment in the company; financial terms were not disclosed.

Kain Capital LLC announced an investment in Essen Health Care, the largest independent healthcare provider in the Bronx. The funding will support Essen’s expansion through new clinics and enhanced analytics capabilities via Kain’s newly formed Kain Analytics team to aid its transition to value-based care.

Avesi Partners made an investment in First Steps Recovery (FSR), a provider of substance use disorder treatment services. Avesi will partner with FSR’s existing management team to support continued growth and expansion of its continuum of care offerings across California and potentially nationwide.

Medical Informatics Engineering (MIE) received a significant growth investment from Serent Capital. The investment will support expansion of MIE’s Enterprise Health occupational health software platform, including scaling operations, go-to-market initiatives, and product enhancements.

SnapCare, a healthcare workforce solutions provider, announced the acquisition of Medecipher, Inc., a cloud-based predictive analytics staffing platform. The deal expands SnapCare’s workforce management offering by adding AI-driven scheduling and forecasting to help healthcare organizations optimize staffing, reduce labor costs, and improve safety outcomes.

Waud Capital Partners has acquired Senior Helpers, a national provider of in-home senior care and wellness services. Bow River Capital’s Private Credit Team provided financing to support Waud Capital Partners’ acquisition.

HCAP Partners, alongside healthcare executives Anthony DeSena and Roy Leitstein, announced the acquisitions of Behavioral Medicine Associates (BMA), Workers Compensation Psychological Network (WCPN), and Reservoir Health, which will be merged under a new platform, PAX Health. Hamilton Lane joined HCAP Partners as a co-investor; financial terms were not disclosed. The combined business will expand behavioral health service delivery (telehealth and in-person) across the Northeastern United States.

Patient Care America (PCA) has completed the acquisition of Lyfebulb Holdings Inc., a digital platform focused on education, innovation, and connectivity for people living with chronic illnesses. Lyfebulb will continue operating its platforms (including TransplantLyfe.com and CancerLyfe.com), and its management team led by co-founder Karin Hehenberger will remain in place; financial terms were not disclosed.

DarioHealth has acquired digital health company Twill in a transaction valued at $22.4 million. The consideration included $10 million in cash and approximately 10 million shares of common stock issued as pre-funded warrants intended for the benefit of Twill’s debt and equity holders. DarioHealth expects the acquisition to significantly expand its digital platform for chronic conditions and materially increase revenue.

Parkway Capital announced an investment in Comprehensive Prosthetics and Orthotics (CPO), partnering with Northcreek Mezzanine and the company’s senior management team. The transaction was structured as a recapitalization to support CPO, a Midwest-based prosthetics and orthotics care provider headquartered in Peoria, Illinois.

Varsity Healthcare Partners (VHP) has completed the sale of Angels of Care (AOC) to Nautic Partners, with financial terms not disclosed. Angels of Care is a McKinney, Texas-based provider of pediatric home health services for patients with complex medical conditions.

Four Northeast-based ENT practices—Pinnacle ENT, Providence ENT, BergerHenry ENT, and Greenwich ENT—have partnered to form Align ENT + Allergy, a physician-led ENT and Allergy management services organization. Align will provide non-clinical practice management services while allowing the practices to retain clinical autonomy. The new platform is backed by Zenyth Partners and includes operations across Pennsylvania and Connecticut.

General Catalyst’s health system-focused company, Health Assurance Transformation Corp. (HATCo), signed a non-binding letter of intent to acquire Akron, Ohio-based Summa Health. Upon completion (subject to due diligence and regulatory approvals), Summa Health would become a wholly owned subsidiary of HATCo and convert from a nonprofit to a for-profit structure. The parties expect to finalize a definitive agreement in the coming months and aim to close before the end of 2024.

Craftsman Capital Partners (CCP) has acquired Lytle Medical Technologies (LMT), a provider of white-glove durable medical equipment rentals for patients recovering at home following orthopedic surgery. Angle Advisors served as the exclusive investment banking advisor to LMT’s shareholders, and the Lytle founders will remain involved and invested in the company post-transaction.

Acentra Health announced it has acquired EAP Consultants, LLC, which operates Espyr-branded employee assistance and workplace mental health programs. The transaction expands Acentra Health’s portfolio of EAP solutions and services for government and commercial clients, combining clinical expertise with technology enablement and data analytics. The combined company will maintain Acentra Health’s headquarters in McLean, Virginia.

Renovus Capital Partners announced an investment in Behavioral Framework, a provider of applied behavior analysis (ABA) therapy and autism diagnostic services for children with autism spectrum disorder. Behavioral Framework, founded in 2017 and headquartered in Rockville, Maryland, plans to use Renovus’s support to accelerate growth and expand services across its markets.

mPulse announced the acquisitions of HealthTrio and Decision Point Healthcare Solutions to expand its capabilities in healthcare digital engagement, member experience, and analytics. Backed by its majority investor PSG alongside other existing shareholders and management, mPulse aims to create a full-service engagement, analytics, and activation platform for healthcare organizations.

HealthEdge Investment Partners, LLC has partnered with Pluri Potent Partnership, LLC (P3 Oral Surgery), an oral surgery service organization, to build a leading oral surgery services organization in the Mid-Atlantic region. HealthEdge invested alongside P3’s surgeons, who retained a meaningful ownership stake in the company.

Seven Hills Capital announced an additional investment (reinvestment) in its partner company, Reliable Medical, to support the company’s continued expansion into new and existing markets. Reliable Medical provides complex rehab and mobility solutions, including CRT, respiratory products, and durable medical equipment and supplies, serving pediatric and adult patients with complex medical conditions.

424 Capital completed a significant investment in VaLogic, a provider of GMP/GLP compliance software and services for pharmaceutical and biotechnology organizations. The partnership is intended to support VaLogic’s growth and expansion, helping life sciences clients accelerate compliant research, development, and production.

ARCHIMED acquired US-based Symbio and Germany-based Proinnovera in an all-equity deal and simultaneously merged the two contract research organizations into a new group, Symbio Proinnovera. The combined company will provide dermatology-focused consulting, testing, and clinical research services across the full development lifecycle and serve as a platform for further growth and acquisitions.

Navigate Wellbeing Solutions announced it has partnered with McCarthy Capital to accelerate the company’s future growth. The investment will fund product and technology development, team expansion, and increased capacity, and support Navigate’s plans to pursue accretive acquisitions.

Pediatric Home Service (PHS), a pediatric home care provider and portfolio company of InTandem Capital Partners, announced the acquisitions of Apple Home Medical Supply (Apple HMS) and All About Pediatrics. The deals expand PHS’s footprint and pediatric respiratory/clinical support capabilities in Texas (Dallas-based Apple HMS) and enter the Florida market (Jacksonville-based All About Pediatrics).

Medical Specialists of the Palm Beaches (MSPB), a multi-specialty physician group practice in South Florida, announced it has acquired Colton and Kaminetsky, LLC, a concierge medicine practice in Boca Raton, Florida. The deal expands MSPB’s concierge medicine offering and extends its presence in the Boca Raton and Palm Beach markets, representing MSPB’s fourth acquisition in 2023.

ARC Health, a Thurston Group portfolio company, has acquired GROW Counseling, a multi-location mental health practice in the Atlanta metro area. The transaction also includes integration of the GROW Counseling Network, expanding ARC Health’s service footprint across the United States and Canada.

The Pennant Group Inc. acquired Guardian Hospice and Guardian Hospice of Oklahoma for an undisclosed amount. The deal expands Pennant’s hospice footprint across southern Oklahoma and northern Texas, supporting its strategy to grow home health, hospice, and senior living services—particularly in underserved rural communities.

Gentiva completed its previously announced acquisition of ProMedica's home health, palliative, and hospice business after receiving required state and federal regulatory approvals. The combined organization will expand access to hospice, palliative, and home care services, with many ProMedica locations to be rebranded under Gentiva’s Heartland and Empatia brands.

Sheridan Capital Partners announced the formation of Ascend Plastic Surgery Partners, a plastic surgery and aesthetics physician practice management company, combining five plastic surgery practices and two standalone MedSpas. Sheridan invested alongside Ascend’s surgeons and management, who retained a meaningful ownership stake. Ascend is headquartered in Atlanta, Georgia and operates across multiple U.S. states.

SportsMed Physical Therapy acquired the two-clinic practice Mountainside Wellness, expanding SportsMed’s footprint in central New Jersey. The acquired clinics in Mountainside and Colonia add two complementary locations to SportsMed’s existing 33 clinics as the company continues its M&A-driven expansion strategy. SportsMed is a portfolio company of Hildred Capital Management.

SilverAssist acquired Oasis Senior Advisors, a national senior care advisory franchise network with more than 130 locations across the United States. The acquisition expands SilverAssist’s portfolio of senior assistance services and technology, enhancing its ability to provide integrated, white-glove national and local support for seniors and their families.

HealthEdge Investment Partners announced the sale of its Fund II portfolio company, The Corridor Group Holdings, LLC (Corridor), to WellSky. Corridor provides technology-enabled outsourced medical coding, revenue cycle, and education solutions for post-acute care providers, and will now operate as part of WellSky, which is backed by Leonard Green and TPG.

Health Data Innovations, LLC (HDI) announced a strategic investment from Hughes & Company, a Chicago-based private equity firm focused on healthcare software and technology-enabled services. The investment is intended to support HDI’s expansion of its healthcare data integration and claims data management platform to a broader market of providers and payers and to enable additional strategic partnerships.

3B Scientific, a manufacturer of medical simulation products and anatomical models for healthcare education, acquired Wallcur LLC, a provider of healthcare simulation products. The deal expands 3B Scientific’s simulation offering while allowing Wallcur to continue operating under its brand with its headquarters remaining in San Diego, California.

Virgin Pulse announced its intent to merge with HealthComp to create a technology- and data-powered employer health Platform-as-a-Service offering. New Mountain Capital will be the majority owner of the combined entity, with backing/support from Marlin Equity Partners, Blackstone (via Blackstone Credit financing), and Morgan Health. The transaction is expected to close in Q4 2023, subject to regulatory approvals and other closing conditions; financial terms were not disclosed.

Tendo, a healthcare experience software company, is acquiring MDsave, an online healthcare marketplace offering bundled, transparent pricing for medical services. The deal expands Tendo’s patient engagement platform by integrating MDsave’s marketplace capabilities for seeking, scheduling, paying for, and managing care, and is expected to close in October 2023.

Emergency Care Partners (ECP) completed a strategic merger with Integrated Emergency Medicine Specialists (IEMS), an emergency department management services provider headquartered in Naples, Florida. Following the transaction, IEMS will operate as a regional physician group practice within ECP while leveraging ECP’s back-office resources and clinical analytics platform. ECP is backed by financial sponsors Varsity Healthcare Partners and Regal Healthcare Capital Partners.

Vālenz Health has acquired KISx Card, LLC, adding KISx Card’s direct-provider, non-network solutions and care navigation for high-cost surgical and imaging procedures. Following the acquisition, KISx Card will become Vālenz Health and its services will be integrated with Vālenz’s Care Value Optimizer and broader Healthcare Ecosystem Optimization Platform to help self-funded employers and members access high-quality care at lower cost.

Bow River Capital’s Private Credit Team provided funds to support the recapitalization of Veridian Healthcare. The recapitalization was executed by HealthEdge Investment Partners, United Western Group, and Advantage Capital Holdings, with Veridian continuing to operate as a distributor of in-home diagnostic, pain care management, and personal care products.

Surge Private Equity, LLC formed a new strategic partnership with Elite Clinical Network, LLC (ECN), an integrated network of phase I-IV clinical research sites operating across California, Arizona, and Nevada. The transaction was valued at approximately $200 million and included debt financing provided by affiliates of MGG Investment Group LP.

Framework Solutions acquired Govise, Inc., a provider of medical review services for commercial/promotional and medical materials in the life sciences sector. The deal expands Framework Solutions’ medical, legal and regulatory (MLR) and content review capabilities and is intended to broaden both companies’ global reach. Terms of the transaction were not disclosed.

Havencrest Capital Management announced two new healthcare platform investments: Deep Eddy Psychotherapy, an outpatient mental health provider in Texas, and Avid Health at Home, a non-medical home care platform. Avid was formed in connection with the acquisition of Chicago-based For Papa's Sake Home Care, a provider serving the greater Chicago area.

New Harbor Capital completed an investment in Monroe Biomedical Research (MBR), a clinical trial site business focused on recruiting patient populations and executing complex clinical trials across multiple therapeutic areas. MBR, founded in 2015 and headquartered in Monroe near Charlotte, North Carolina, will partner with New Harbor Capital to support continued growth and expansion of its clinical research site model.

FFL Partners completed a private investment in Johnson County Clin-Trials (JCCT), a clinical research site platform serving pharmaceutical and biotechnology companies and contract research organizations. JCCT, headquartered in Lenexa, Kansas, conducts Phase I–IV clinical trials, and the financial terms of the transaction were not disclosed. The announcement notes the transaction as a recapitalization and positions JCCT for expansion and future strategic M&A in the fragmented clinical research site sector.

Reproductive Medicine Associates (RMA), the U.S. arm of IVI-RMA Global, has acquired Conceptions Reproductive Associates of Colorado (Conceptions), a physician-led fertility practice with four locations across Colorado. The deal expands RMA’s fertility clinic network into the Rocky Mountain region, adding Colorado to its existing national footprint.

Vesey Street Capital Partners (VSCP) completed the full sale of its portfolio company QualityMetric (QM) on August 18, 2023, after acquiring the business in August 2020. The announcement does not disclose the buyer, but highlights VSCP’s value-creation initiatives during ownership, including operational build-out and a prior expansion via the acquisition of HealthActCHQ’s PRO measurement tools portfolio.

Riverside Partners-backed UnisLink acquired AQREVA and Doctors' Resource Specialists (DRS), both revenue cycle solutions providers. The acquisitions expand UnisLink’s revenue cycle management capabilities and extend its geographic footprint across several U.S. states.

Coalesce Capital partnered with existing shareholder Freedom 3 Capital and Examinetics management to recapitalize Examinetics, a provider of occupational health compliance testing services. The investment is intended to support Examinetics’ expansion into new and existing markets and the rollout of additional technology-enabled services, including its internally developed auditory testing platform, Salux.

BrightPath Health Holdings, LLC d.b.a. ABA Connect, backed by MBF Healthcare Partners II, L.P., has completed the acquisition of Bright Behavior, LLC, an ABA therapy provider based in Colorado Springs, Colorado. The transaction expands ABA Connect’s footprint beyond Texas, creating a combined network of 11 clinics across Texas and Colorado providing applied behavior analysis therapy for children and adolescents with autism spectrum disorder.

Tech24, a portfolio company of HCI Equity Partners, acquired Pronto Repairs, with Greenwich Capital Group advising Pronto as exclusive investment banker. Pronto Repairs provides outsourced equipment management, preventative maintenance, and repair services for major hospital systems in the New York City area. The acquisition expands Tech24’s healthcare presence and integrates Pronto into Tech24’s platform to support recruiting, geographic expansion, and accelerated growth.

An affiliate of Kohlberg & Company has signed a definitive agreement to acquire Worldwide Clinical Trials, a global full-service contract research organization, in partnership with the company’s management team. Existing sponsor TJC, L.P. will retain a meaningful minority equity stake following the transaction, which is expected to close in the fourth quarter of 2023 subject to regulatory approvals and customary conditions.

Dynamic Access, LLC acquired Priority PICC Solutions, LLC, an outsourced vascular access services provider based in Chicago, Illinois. Priority was founded and owned by Mary Santiago and Dr. Julio Santiago and has served healthcare facilities in the Chicagoland area since 2008. RiverGlade Capital, the primary investor in Dynamic since 2021, backs Dynamic as it expands its Midwest presence and broader national platform.

Emergency Care Partners (ECP) completed a strategic merger with Eastern Carolina Emergency Physicians (ECEP), expanding ECP’s emergency department management services footprint, including operations in North Carolina. As part of the transaction, ECEP’s physician partners will become shareholders of ECP, which is backed by Varsity Healthcare Partners and Regal Healthcare Capital Partners.

Agape Care Group, a portfolio company of Ridgemont Equity Partners, acquired Hope Hospice (Birmingham, Alabama) and Assured Hospice (Cartersville, Georgia). The acquisitions expand Agape Care’s hospice and palliative care footprint across Alabama and Georgia, with Georgia operations to run under the Georgia Hospice Care brand.

Adriana Garcia Ceja has acquired ElderTree, an aging life care management business headquartered in Herndon, Virginia. The acquisition was backed by Pacific Lake through Ceja’s search fund, Bolivar Progress Partners, and positions ElderTree for its next phase of growth.

Clairvest Group Inc. and Clairvest Equity Partners VI made a minority equity investment in Mountain Land Physical Therapy, an outpatient physical therapy provider with 41 clinics in the Mountain West region of the United States. Existing owners, including CEO Rick Lybbert and COO Jason Lobb, will roll substantially all of their equity and retain majority ownership.

Comvest Partners acquired Your Behavioral Health, a behavioral health services platform headquartered in Torrance, California. Your Behavioral Health provides mental health and addiction treatment services across 17 facilities in Southern California and will continue to be led by co-founders Mike Joly and Dr. Martha Koo alongside the existing management team.

Inspire Aesthetics, a portfolio company of Hidden Harbor Capital Partners, announced the addition of Epstein & Bared, a two-surgeon practice in Miami focused on hair restoration. The partnership expands Inspire Aesthetics’ service offering into hair restoration, including the Women’s Center for Hair Loss.

Parkview Health Services, LLC secured a strategic growth investment from ArtesRx, LLC, an affiliate of Flexpoint Ford, with the transaction closing on June 23, 2023. Parkview will remain headquartered in Amherst, New York and continue to be led by CEO Paul O'Leary and the existing management team. Flexpoint partnered with pharmacy executive Dom Meffe to establish ArtesRx as a platform to acquire, scale, and support pharmacy businesses serving complex patient populations.

Levine Leichtman Capital Partners (LLCP) announced an investment in SEV, a manager and operator of medical spas offering laser hair removal, injectables, body contouring, and other aesthetic services. SEV will continue to be led by founder and CEO Sevana Petrosian along with the existing management and clinical teams. Financial terms were not disclosed.

Dynamic Access, LLC acquired I.V. Nurse Consultants, Inc. (IVNC), an outsourced vascular access services provider based in Seattle, Washington. IVNC was founder-owned by Susanne Doppke and has served healthcare facilities in the Seattle area since 1996; the deal supports Dynamic’s continued geographic expansion as a national vascular access platform.

Point Quest, LLC acquired Foundations Speech and Language Therapy LLC, an Arizona-based provider of special education and behavioral health services delivered in K-12 school district settings. The deal expands Point Quest’s presence in Arizona, and Foundations co-founder Stephanie Colella will remain to manage Arizona operations.

Exaltare Capital Management, alongside Capitala Group, acquired UKW Holding Company and its affiliated businesses (Uni K Wax), a franchisor and operator of waxing studios. Uni K Wax is headquartered in Aventura, Florida, and founder Noemi Grupenmager will remain involved and a significant shareholder. Heather Elrod joined the company as Executive Chair following the transaction.

Lightning Step, backed by Gallant Capital Partners, has sold its wholly owned revenue cycle management services subsidiary, AVA Billing & Consulting, to Medusind, an Alpine Investors portfolio company. The divestiture is intended to sharpen Lightning Step’s focus on its core all-in-one behavioral health software platform while positioning AVA to expand its RCM services under Medusind. Financial terms were not disclosed.

Ivy Fertility acquired Virginia Fertility & IVF, a reproductive health, infertility, and IVF practice based in Charlottesville, Virginia. The acquisition adds Virginia Fertility & IVF and its physicians to Ivy Fertility’s network of fertility and advanced reproductive technology providers.

Ivy Fertility, a reproductive technology and IVF network, announced that it has acquired NOVA IVF, a fertility and IVF practice based in Mountain View, California. NOVA IVF, founded in 1987 and led by physicians Richard Schmidt, M.D. and Meera Shah, M.D., FACOG, provides IVF and related fertility services including egg donation, egg freezing, gestational surrogacy, and preimplantation genetic testing.

Nox Health, a global sleep health company, acquired Somryst, an FDA-cleared prescription digital therapeutic delivering CBT-I for adults with chronic insomnia. The deal is intended to deepen Nox’s value-based healthcare programs and expand Somryst’s reach through Nox’s enterprise client base and broader commercial channels.

Iron Path Capital-backed Capitol Pain Institute (CPI) acquired Balcones Pain Consultants and Water Leaf Surgery Center to expand CPI’s interventional pain management platform in Central Texas. The partnership adds three clinics and one ambulatory surgical center in the Austin metropolitan area, strengthening CPI’s footprint in Texas and supporting further regional growth.

RQM+ announced the acquisition of Libra Medical, a full-service contract research organization specializing in early-stage clinical trials for complex medical devices and diagnostics. The deal expands RQM+’s clinical trials capabilities, adding Libra’s first-in-human study expertise alongside regulatory affairs, clinical operations, and quality assurance services.

Flagship Facility Services acquired Managed Lab Services (MLS), a lab services company headquartered in San Diego, California. The deal expands Flagship’s Lab Services unit by adding MLS’s laboratory support capabilities such as vendor-managed inventory, lab support, project management, and IT operations, strengthening Flagship’s offering for early-stage biotech customers.

TTG Imaging Solutions, LLC acquired Digirad Health, Inc. from Star Equity Holdings, with the transaction closing on May 4, 2023. Digirad Health, headquartered in Suwanee, Georgia, provides turnkey diagnostic imaging solutions and OEM/service support for nuclear medicine camera equipment. The deal expands TTG’s national footprint and strengthens its imaging service platform across multiple modalities, including cardiology and radiation oncology.

[solidcore], a Washington, DC-based workout program provider, received a strategic investment from Kohlberg & Company. Existing investors VMG Partners and Peterson Partners also participated in the financing round, with the amount undisclosed. The company plans to use the proceeds to expand into new cities and strengthen its presence in key markets.

Capitol Pain Institute (CPI), backed by Iron Path Capital, acquired Nura Pain Clinics to enter and expand within the Minneapolis–St. Paul market and broaden CPI’s national interventional pain management platform into Minnesota. The transaction adds Nura’s clinics and related services (including pain pump refill support) to CPI’s network of clinics and ambulatory surgical centers across the United States.

Hildred Capital Management completed a strategic investment in AleraCare, a provider of infusion and specialty pharmacy services in the United States. AleraCare plans to use the new capital to double its clinical capacity over the next 24 months and continue expanding its footprint and care offerings.

Quest Diagnostics entered into a definitive agreement to acquire Haystack Oncology in an all-cash equity transaction to add Haystack’s highly sensitive minimal residual disease (MRD) liquid biopsy technology to Quest’s oncology portfolio. Quest will pay $300 million in cash at closing (net of cash acquired) plus up to $150 million in milestone payments, and plans to adapt Haystack’s MRD test into new clinical lab services beginning in 2024.

NewSpring Healthcare, the dedicated healthcare strategy of NewSpring, led a financing round in Patheous Health, a provider of mobile and onsite dysphagia diagnostics services. Patheous Health plans to use the proceeds to accelerate growth, expand into new markets, and make strategic hires to support scaling its mobile point-of-care diagnostic model.

Global Healthcare Exchange (GHX) completed the acquisition of Prodigo Solutions, a Pittsburgh-based supply chain and data enablement technology company. The deal aims to simplify healthcare providers’ procure-to-pay processes by combining Prodigo’s directed buying experience with GHX’s platform and enriched supply chain data. Financial terms were not disclosed.

LP First Capital and Genesis Park acquired Fastest Labs, a nationwide provider of drug, alcohol, and DNA testing services headquartered in San Antonio. The new partnership is intended to accelerate Fastest Labs’ growth, expand its footprint, and enhance offerings for customers and franchisees.

Voluware, Inc. announced a capital investment from private equity firm Hughes & Company. The funding will support Voluware’s product innovation, payer coverage expansion, client onboarding and support, and broader strategic partnerships for its cloud-based prior authorization automation platform.

Rising Medical Solutions announced the acquisition of Preferred Disability Management (PDM), a regional case management company headquartered in Carmel, Indiana. The deal expands Rising’s case management and managed care capabilities in the Midwest, adding services such as telephonic and field-based case management, catastrophic case management, and related medical review and cost projection offerings.

The IMA Group (IMA), through its IMA Clinical Research division, acquired Austin-based Accelemed Research Institute to expand its multi-therapeutic clinical trial site network and strengthen its presence in the U.S. Southwest. Accelemed focuses on cardiometabolic and GI disease trials (including NASH, obesity, high cholesterol, and diabetes); transaction terms were not disclosed.

Capitol Pain Institute (CPI), backed by Iron Path Capital, acquired four Colorado-based businesses: Springs Rehabilitation, Spinal Diagnostics and Regenerative Medicine, The Peak Physical Medicine, and The Ascent Surgery Center. The acquisitions mark CPI’s first entry into Colorado, creating a new hub in Colorado Springs and supporting expansion into the Denver corridor. These additions extend CPI’s national interventional pain management platform of clinics and ambulatory surgical centers.