Healthcare Services Acquisitions in Connecticut

Lumelight has acquired ClearFile, a regulatory-compliance platform for health plans, PBMs, TPAs and insurers, from incubator Goodroot. ClearFile founder Joe Boyle will remain president of the business within Lumelight as the deal expands Lumelight's compliance and filings capabilities across federal and state regulatory requirements.

Sycamore Partners has acquired CareCentrix, which will operate as a private standalone company following the closing. The acquisition is in partnership with Stefano Pessina and his family (who reinvested 100% of their interests); CareCentrix will continue to be led by CEO Steve Horowitz and management as it focuses on home-centered, value-based care.

mPulse has acquired Clarity Software Solutions to combine Clarity's health communications and member-journey production capabilities with mPulse's Health Experience and Insights (HXI) platform, creating an omnichannel, AI-enabled member engagement solution. The deal was supported by mPulse's majority investor PSG and transitions Clarity leadership into mPulse (Steve Mongelli becomes President) to accelerate product integration and market expansion.

One Equity Partners has exited its investment in InfuCare Rx via a strategic, founder-led equity buyback. InfuCare Rx is a nationwide specialty infusion therapy provider treating complex and chronic conditions, operating three segments (IG Therapy, Specialty Infusion, Bleeding Disorders) and serving thousands of patients across all 50 states.

Funds managed by Stone Point Capital have acquired The Difference Card (EB Employee Solutions LLC) from Northlane Capital Partners. The investment will support The Difference Card's growth, accelerate product innovation and deepen broker partnerships as the company continues to provide healthcare cost-containment solutions to employers nationwide.

Welsh, Carson, Anderson & Stowe (WCAS) has made a strategic growth investment in Constitution Surgery Alliance (CSA), an independent developer and operator of ambulatory surgery centers. The investment will provide capital and healthcare scaling expertise to help CSA expand nationally; CSA currently manages 16 facilities across five states and performs over 100,000 procedures annually.

Northwell Health and Nuvance Health have officially joined to form an integrated regional nonprofit health system serving communities across New York and Connecticut. The combined system will increase coordinated care capacity, expand access across inpatient and ambulatory sites, and enable at least $1 billion in Northwell investment into Nuvance hospitals.

Health Care Service Corporation (HCSC) completed the acquisition of The Cigna Group’s Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses. Cigna will continue to provide pharmacy benefit services through Evernorth under transition service agreements, and HCSC said the deal expands its Medicare capabilities and geographic presence across the United States.

Health Care Service Corporation (HCSC) completed the acquisition of The Cigna Group’s Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses. The divestiture streamlines Cigna’s portfolio and provides HCSC with expanded Medicare capabilities and geographic presence across the United States; Cigna intends to deploy proceeds largely for share repurchases.

PerkinElmer has acquired Project Farma, a life‑sciences technical operations consultancy and subsidiary of Precision for Medicine, to expand its OneSource professional services offering. The acquisition brings Project Farma’s engineering, commissioning/qualification, project management and GMP facility experience into PerkinElmer’s lab services portfolio; terms were not disclosed.

BioMatrix Infusion Pharmacy, a nationwide specialty infusion pharmacy based in Plantation, Florida, has acquired MyLyfe Health, a New England–based specialty pharmacy and home infusion services provider. The acquisition expands BioMatrix's geographic footprint into New England and enhances its ambulatory and home infusion capabilities to better serve patients with chronic, lifelong conditions.

SightMD Connecticut has acquired Doctor & Associates, a three-location ophthalmology practice serving Fairfield County (Westport, Wilton and Norwalk), bringing three physicians and expanded cataract, cornea and LASIK capabilities into the SightMD Connecticut network. The practice will integrate with SightMD Connecticut’s clinical and ambulatory surgery center resources and administrative support from Sight Growth Partners, which is backed by private equity firm Chicago Pacific Founders.

Proven Behavior Solutions has acquired Prism Autism Education & Consultation, expanding Proven's geographic reach from Massachusetts into Connecticut and broadening its autism services offering. Prism will continue operating under its brand and leadership while integrating operations, technology, and best practices with Proven to increase access to clinical and educational autism services.

Dental365 has acquired Brush & Floss Dental Center in Stratford, Connecticut, adding its fifth Connecticut location and bringing the dental group’s footprint to over 140 offices. The single-office practice—led by Dr. Jeffrey C. Hoos and offering services including sleep apnea treatment, implants and teeth straightening—will join Dental365’s network to access expanded resources while maintaining personalized patient care.

Vitality has acquired WellSpark, a health coaching and employee-wellbeing provider, from EmblemHealth. The acquisition will integrate WellSpark’s coaching capabilities into Vitality’s behavior-change platform to expand services for employer and health-plan clients and improve outcomes for members.

Health Union has acquired Adfire Health, a healthcare-professional (HCP) data and digital engagement company, to expand its capabilities in HCP marketing and integrate Adfire's first-party HCP identity graph with Health Union's patient data. The acquisition will create combined patient and HCP datasets to enable integrated, omnichannel media planning and expanded programmatic and digital marketing solutions for pharmaceutical and life sciences clients.

EQT Private Capital Asia (BPEA Private Equity Fund VIII) has agreed to acquire a controlling beneficial interest in GeBBS Healthcare Solutions from ChrysCapital. The transaction will support GeBBS' next phase of growth — including expanding customer segments, strengthening in-house technology capabilities, and pursuing further M&A — and is expected to close in Q4 2024.

Attune Wellness Med Spa acquired Burton Young, a single-location med spa at 43 Greenwich Avenue in Greenwich, Connecticut, in late August. The North Stamford–headquartered operator will reopen the location as Attune Wellness Med Spa on September 9 and has committed to honoring existing clients, memberships and packages during the transition.

Charlotte-based private equity firm Falfurrias Management Partners announced an equity investment in Jumo Health, a patient-centric clinical trial solutions and health-literacy company. The investment will support Jumo Health's product development, data-driven capabilities, and expansion of patient engagement to accelerate clinical trial enrollment and retention; Falfurrias will also appoint advisors and board members to Jumo's board.

Peak Mobile Holdings has acquired PICC Performance, a regional provider of on-demand vascular access services, expanding Peak’s mobile healthcare capabilities and extending its coverage into the Northeast. The acquisition will integrate PICC Performance’s bedside PICC and midline insertion expertise into Peak’s mobile procedure teams to broaden service offerings across home, skilled nursing and infusion center settings.

HouseWorks Holdings, LLC acquired the Connecticut Personal Care Division of AccordCare — the Companions & Homemakers and Companions Forever brands — expanding HouseWorks' in-home personal care footprint into Connecticut. The deal (an add-on to the HouseWorks platform, which partners with InTandem Capital) strengthens access to Medicaid and dual-eligible home care under HouseWorks' BetterCare at Home model; TripleTree served as financial advisor to AccordCare.

Med Learning Group Holdings, backed by DW Healthcare Partners, has acquired Talem Health, a provider of accredited continuing medical education focused on clinicians serving rural and underserved communities. The deal will allow MLG to expand its CME offerings and reach—leveraging Talem’s Rural Medical Education Collaborative to better serve clinicians in rural and underserved areas.

Yale New Haven Health System (YNHHS) has acquired PhysicianOne Urgent Care, a regional 24/7 urgent care and telehealth provider operating locations across Connecticut, Massachusetts and New York. The acquisition—approved by the Connecticut Department of Public Health—integrates PhysicianOne's urgent care and virtual services into YNHHS to expand access to convenient, coordinated care across the region.

Thoma Bravo made a strategic growth investment in Bluesight to support Bluesight's acquisition of Medacist, combining two medication-management and drug-diversion analytics businesses into a single hospital pharmacy software platform. The combined company will expand Bluesight's medication intelligence capabilities and serve more than 2,000 hospitals across North America; committed financing was led by Monroe Capital and existing investor New Leaf Ventures remains invested. Financial terms were not disclosed.

VillageMD has acquired Starling Physicians, a Connecticut-based primary care and multi-specialty physician group with more than 30 locations, to expand its Northeast footprint and integrate primary and specialty care under its value-based care model. The deal closed on March 1, 2023; terms were not disclosed.

GeBBS Healthcare Solutions, a portfolio company backed by ChrysCapital, has acquired CPa Medical Billing, an East Haven, Connecticut-based revenue cycle management (RCM) provider with a niche focus on Federally Qualified Health Centers (FQHCs). The deal expands GeBBS' US delivery footprint and adds specialized FQHC billing capabilities to its end-to-end RCM and risk adjustment offering; financial terms were not disclosed.

Eads Bridge Holdings has led a recapitalization of EBH Counseling Management, LLC (dba Stokes Counseling), with subordinated debt and equity provided by Parkway Capital to support the deal. Stokes Counseling, a Naugatuck, Connecticut-based behavioral health provider founded in 2011, operates in-person and telehealth services with over 180 clinicians caring for more than 3,500 patients and will use the capital to invest in tools, technology and growth initiatives.

Vivo Infusion, a provider of community-based ambulatory infusion services, has acquired CIVIC Infusion, which operates infusion centers in Connecticut and New York. CIVIC co-founders Drs. Barry Stein and Robert Roteman will join Vivo as Medical Directors; the combined organization now reaches 36 ambulatory infusion centers across nine states. Financial terms were not disclosed.

Rockbridge-backed CheckedUp has acquired Health Media Network (HMN), a Norwalk, Connecticut-based provider of digital point-of-care patient education and wellness content. Comvest Credit Partners acted as administrative agent on a senior secured credit facility to support CheckedUp's acquisition of HMN and the combined platform's future growth.

Millstone Medical Outsourcing, an Arlington Capital Partners portfolio company, has completed the acquisition of MycoScience, a Willington, Connecticut-based provider of medical device and pharmaceutical laboratory and environmental testing services. The acquisition adds advanced laboratory and regulatory testing capabilities to Millstone's post-manufacturing and aftermarket services, enabling more in-house testing, faster time to market, and expanded end-to-end offerings.

CheckedUp, a Rockbridge Growth Equity-backed point-of-care digital patient education company, has acquired Health Media Network (HMN) to create one of the nation's largest specialty-focused digital point-of-care advertising networks. The deal — financed with senior debt from Comvest — expands CheckedUp's network breadth across medical specialties and enhances its content and in-office digital offerings; financial terms were not disclosed.

ARC Health, a portfolio company of Thurston Group, has acquired Sasco River Center, a multidisciplinary mental health practice with three locations in Fairfield County, Connecticut. The acquisition brings roughly 60 providers into the ARC Health network and will provide the practice with back-office support and scale to expand services.

Spring Health, a New York-based mental health platform for employers and health plans, has acquired Weldon, a family wellness and parenting guidance platform. The acquisition brings Weldon co-founders Mark and Lynn Burrell onto Spring Health's product team and expands Spring Health’s offerings for family and pediatric mental health.

Schweiger Dermatology Group (SDG) has acquired Connecticut Dermatology Group, adding four office locations in Norwalk, Greenwich, Stamford and Milford, Connecticut. The acquisition — SDG's first offices in Connecticut — brings 14 providers into SDG's network and expands the group's Northeast footprint and clinical capacity.

Virginia-based growth equity firm Aldrich Capital Partners has made a growth equity investment in PRIA Healthcare Management, a U.S.-based provider of technology-enabled market access, patient access, and reimbursement services for medical device companies. The capital will be used to develop new products and expand PRIA's market access solutions and geographic reach to better support medtech companies facing clinical trial and early reimbursement challenges.

Spire Orthopedic Partners announced a partnership with Connecticut Neck & Back Specialists, a Danbury, Connecticut-based spine surgical practice. The agreement brings CTNB into Spire’s physician-owned MSO platform to expand Spire’s presence in Danbury while giving CTNB access to Spire’s operational infrastructure, capital and growth resources.

Walgreens Boots Alliance (WBA) has acquired a majority interest in CareCentrix, investing approximately $330 million for a 55% stake at an $800 million valuation, giving WBA majority ownership. The transaction (now completed) integrates CareCentrix's home-centered care coordination capabilities into WBA's newly launched Walgreens Health segment while CareCentrix continues to operate under its existing leadership.

Unified Women's Healthcare, a PE-backed practice management platform, has acquired Women's Health USA from Sverica Capital Management, which retained a minority stake in the combined company. Backed by Altas Partners, Ares Management and Oak HC/FT, the combined organization becomes the largest physician practice management company dedicated solely to women's health, supporting thousands of providers and hundreds of locations across North America.

WestView Capital Partners, a Boston-based private equity firm, completed a growth recapitalization investment in Framework Solutions, a Danbury, Connecticut-based provider of outsourced MLR/PRC and regulatory support services for life sciences and pharmaceutical companies. The capital will support Frameworks' growth plans, expand capabilities and resources, and WestView partners Greg Thomas and Thomas Vo will join the company's board.

Midstate Radiology Associates, LLC has acquired Radiology Group, P.C., adding the latter's two outpatient imaging locations in Branford and Hamden, Connecticut to Midstate’s network. The deal expands Midstate’s geographic footprint in Connecticut and increases access to comprehensive imaging services (CT, mammography, ultrasound, X-ray, DEXA) coordinated with local physicians.

Cressey & Company LP has completed a recapitalization of Lifeway Mobility alongside Lifeway senior management, with Rockwood Equity Partners exiting the investment. Lifeway, a Hartford-based provider of home accessibility equipment and installation services, will use the new capital to accelerate organic growth, pursue add-on acquisitions and expand its regional footprint across the United States.

Northlane Capital Partners has made a growth investment in EBS, Inc. d/b/a The Difference Card, partnering with the company's management team led by CEO Gregg Lehman. The Difference Card, a provider of healthcare cost containment solutions serving nearly 800 employers (primarily small and mid-sized businesses), will leverage NCP's resources to accelerate client and broker partnerships, geographic expansion, and product development.

Sheridan Capital Partners has invested in SimiTree Healthcare Consulting, a newly formed company created by the strategic combination of Simione Healthcare Consultants and BlackTree Healthcare Consulting. Sheridan invested alongside SimiTree's management team to support technology, talent, and add-on acquisitions to scale the post-acute services platform; financial terms were not disclosed and Twin Brook Capital Partners provided debt financing.

WELL Health Technologies' wholly owned subsidiary CRH Medical Corporation acquired an 85% stake in New England Anesthesia Associates LLC, expanding CRH's anesthesia footprint into Connecticut. NEAA provides anesthesia services to an ambulatory surgical center in Guilford, Connecticut, has an estimated annualized revenue run-rate of approximately US$3.6 million with ~40% operating EBITDA margins, and adds 17 practitioners to CRH's network; the transaction was completed at under 5x trailing operating EBITDA.

424 Capital closed a majority investment in BroadcastMed in early December 2020 to support expansion of the company's content creation services and its MD‑ID marketing analytics platform. BroadcastMed, a Farmington, Connecticut–based digital medical broadcasting firm with a membership approaching one million verified physicians, will use the investment to accelerate growth of its healthcare content-marketing and technology offerings; the announcement references longtime 424 partners Eagle Private Capital and Plexus Capital.

Health Carousel, a Cincinnati-based provider of healthcare staffing and workforce solutions, has acquired MEDPATH, a Trumbull, Connecticut–based physician workforce management and locum tenens company founded in 2012 by Timothy Kouble. MEDPATH will continue to operate under its own brand with Kouble remaining in leadership, joining Health Carousel's Locum Network to expand locum tenens capacity and RPO/MSP capabilities.

Health Enterprise Partners (HEP) led a growth equity investment in Aware Recovery Care to support scaling of its in‑home addiction treatment (IHAT) program. The capital will be used to expand Aware's geographic footprint, deepen payor partnerships, and accelerate access to its technology‑enabled, whole‑person addiction treatment.

Precision Medicine Group has acquired Project Farma, a bioengineering services firm specializing in biomanufacturing strategy and facility implementation with a focus on cell and gene therapies. The deal brings Project Farma's manufacturing and scale-up expertise into Precision's cell and gene therapy services (Precision ADVANCE) to expand end-to-end development, manufacturing, and commercialization capabilities.

FYZICAL, a New Harbor Capital portfolio company and franchisor/operator of physical rehabilitation centers, completed an add-on acquisition of three Connecticut-based FYZICAL franchisee clinics. The acquisition expands FYZICAL's corporate-owned footprint into the Northeast and enables the company to deploy pilot initiatives and Centers of Excellence to support its franchise community.

Catalyst Clinical Research, a NovaQuest-backed CRO headquartered in Wilmington, North Carolina, has merged with Ce3, Inc., an early-phase oncology-focused CRO based in Clinton, Connecticut. The transaction combines Ce3's 15+ years of oncology expertise with Catalyst's broader clinical development and technology capabilities to create a next-generation oncology-focused CRO (add-on to Catalyst's NovaQuest-backed platform).