Healthcare Services Buyers & Acquisitions in Illinois

Tracked deals

198

198 tracked deals across 2015-2026.

Buyer mix

Mixed buyer set

158 strategic · 111 pe

Top trend

Volume peaked in 2021

35 tracked deals announced in 2021.

Primary Insight

What Stands Out

  • Workforce, clinical technology, and AI-enabled healthcare solutions are showing up repeatedly (e.g., PartsSource + SkillNet; Chartis + Leap AI; 1520ai + Hospice Analytics).
  • Buyers range from healthcare operators to technology platforms and professional services, including Prime Healthcare, Vitality, and SullivanCotter.
  • Subsector coverage spans care delivery, hospice and analytics, bioanalytical testing for pharma/biotech, and practice-level revenue-cycle support.
  • Geographic references center on Illinois for multiple announced deals, including Chicago-based activity for SGS and the transactions tied to the Chicago area for Prime Healthcare.
  • Deal structures vary from completed acquisitions to announced definitive agreements, with some transactions listing disclosed financial terms (e.g., Teva’s agreement for Emalex Biosciences).

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Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
ENT Partners, LLC 5 Physician practice management company focused on Ear, Nos... Strategic
Addus HomeCare Corporation 3 Provider of home care services including personal care, h... Strategic
Avid Health at Home 3 Non-medical home care platform delivering in-home care th... Strategic (PE-backed)
Havencrest Capital Management 3 Healthcare-focused private equity firm investing in found... PE
Iron Path Capital 3 Private equity firm investing in healthcare and specialty... PE
MRO Corp. 3 Clinical data workflow platform and KLAS-rated provider o... Strategic (PE-backed)
Pinnacle Dermatology 3 Multi-site dermatology practice operator delivering medic... Strategic (PE-backed)
Versant Diagnostics 3 Physician services company focused on anatomic pathology,... Strategic (PE-backed)
Aspekt Solutions 2 Provides medical physics, dosimetry and radiation safety ... Strategic (PE-backed)
Audax Private Equity 2 Middle-market private equity firm that invests in and rec... PE

Acquisition Volume in Healthcare Services in Illinois by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Healthcare Services Buyers & Acquisitions in Illinois. 2 2017 2 2018 12 2019 18 2020 35 2021 30 2022 23 2023 24 2024 34 2025 ~29 est. 15 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Model N
    Target
    Kalderos
    Type
    Buyout

    Model N announced it has acquired Kalderos, a technology company that provides a gross-to-net intelligence platform for visibility into the 340B drug discount program. The acquisition is intended to expand Model N’s revenue management capabilities and strengthen its 340B offerings for pharmaceutical manufacturers through Kalderos’ Truzo platform.

  • Buyer
    PartsSource
    Target
    SkillNet
    Type
    Buyout

    PartsSource announced its acquisition of SkillNet, a workforce intelligence platform for healthcare technology management (HTM) that provides hospitals and health systems real-time visibility into technician competencies and team capabilities. The deal expands PartsSource’s Enterprise Clinical Technology platform by adding workforce intelligence to improve clinical capacity and help organizations close technician skill gaps.

  • Buyer
    SGS
    Target
    CMIC, INC.
    Seller
    CMIC HOLDINGS Co., Ltd.
    Type
    Buyout

    SGS, a testing, inspection and certification company, has acquired CMIC, INC., a Chicago-based provider of bioanalytical testing services. The deal expands SGS’s North American capabilities for supporting pharmaceutical and biotech manufacturers across pre-clinical and clinical phases, including complex modalities such as biologics, gene therapies and oligonucleotides. Financial terms were not disclosed.

  • Buyer
    Integrated Home Care Services
    Target
    Dina Care
    Type
    Buyout

    Integrated Home Care Services announced its acquisition of Dina Care, an AI-enabled care coordination and referral management platform. The combined platform is intended to expand Integrated’s in-home benefit management capabilities by pairing its utilization management, provider network, referral management and fulfillment expertise with Dina’s AI-driven workflow automation and digital workforce tools.

  • Buyer
    The Sports Facilities Companies (SFC)
    Target
    Power Wellness
    Type
    Buyout

    The Sports Facilities Companies (SFC) has acquired Power Wellness, the nation’s largest fitness center management company, to expand SFC’s integrated community health, recreation, fitness, and wellness platform. Power Wellness will continue operating under its existing brand as “Power Wellness by The Sports Facilities Companies,” with Ken Gorman remaining president and CEO as integration occurs over coming months.

  • Buyer
    Prime Healthcare
    Target
    Franciscan Health Olympia Fields
    Type
    Buyout

    Prime Healthcare has completed its acquisition of Franciscan Health Olympia Fields after unanimous approval by the Illinois Health Facilities and Services Review Board. Prime said the purchase expands its presence in the Chicago area and includes commitments tied to service-line expansions, community investment, and continued participation in the 340B program via the Prime Healthcare Foundation.

  • Buyer
    Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd.
    Target
    Emalex Biosciences
    Seller
    Emalex shareholders, Paragon Biosciences (founded Emalex; referenced as creator/funder)
    Type
    Buyout

    Teva Pharmaceuticals (a U.S. affiliate of Teva Pharmaceutical Industries) signed a definitive agreement to acquire Emalex Biosciences to add ecopipam, an NDA-ready first-in-class investigational therapy for pediatric Tourette syndrome, to its neuroscience pipeline. The deal provides $700 million upfront and up to an additional $200 million in commercial milestone payments plus net sales-based royalties, subject to regulatory approval, with expected closing by Q3 2026.

  • Buyer
    1520ai, simPAL Solutions family
    Target
    Hospice Analytics
    Type
    Addon

    1520ai announced it will integrate Hospice Analytics into the broader simPAL Solutions family, combining Hospice Analytics’ hospice data expertise with 1520ai’s hospice-native AI development capabilities. Hospice Analytics will retain its core branding, products, and services, with founder Cordt Kassner continuing to lead operations.

  • Buyer
    The Sterling Group, L.P., York Private Equity
    Target
    Healthcare Linen Services Group (HLSG)
    Seller
    York Capital Management's private equity arm (York Private Equity), York Capital Management's private equity group (York Private Equity)
    Type
    Buyout

    The Sterling Group, an operationally focused middle-market private equity firm, completed its acquisition of Healthcare Linen Services Group (HLSG) from York Capital Management’s private equity arm (York Private Equity). HLSG provides outsourced linen laundry and management services to healthcare institutions across the United States, operating 20–23 processing facilities in 13 states.

  • Buyer
    Garda Therapeutics, Inc.
    Target
    Assertio Holdings, Inc.
    Type
    Buyout

    Assertio Holdings agreed to be acquired by Garda Therapeutics in an all-cash tender offer valued at approximately $125.1 million, plus a contingent value right (CVR). The deal includes a sale of Assertio’s non-Rolvedon assets to Cosette Pharmaceuticals for $35 million upfront, and the combined transactions are expected to close in the second quarter of 2026 (subject to customary conditions).

  • Buyer
    Vitality
    Target
    Ramp Health
    Type
    Buyout

    Vitality announced its acquisition of Ramp Health, a provider of employer onsite healthcare, safety, and risk mitigation services. The combined offering pairs Vitality’s behavior-change, AI-enabled health insights with Ramp’s clinical and safety expertise to help employers manage medical claims and workers’ compensation costs end-to-end.

  • Buyer
    Chartis
    Target
    Leap AI
    Type
    Buyout

    Chartis, a healthcare advisory firm, announced it has acquired Leap AI, an AI-driven healthcare solutions company. The deal combines Leap AI’s generative AI, workflow automation, and product development capabilities with Chartis’ advisory platform to accelerate AI and technology transformation for healthcare organizations.

  • Buyer
    SullivanCotter
    Target
    Huron health care valuation services team
    Seller
    Huron
    Type
    Buyout

    SullivanCotter, a consulting firm focused on total rewards, workforce solutions, and data products for health care and not-for-profit organizations, acquired the healthcare valuation services team from Huron. The deal is intended to expand SullivanCotter’s valuation capabilities, adding expertise and six valuation professionals covering healthcare business valuation and specialized tangible asset valuations (including real estate).

  • Buyer
    Procode Inc. (Procode AI), Story Ventures, CHAP Health Ventures, Progression Fund, Dmitry Shevelenko
    Target
    The Auctus Group
    Type
    Addon

    Procode Inc. launched Procode AI with $4 million in funding and acquired The Auctus Group, a U.S. medical biller serving plastic surgery and dermatology practices. Procode AI will apply its AI coding, claims, and AR/denials management tools to improve reimbursement outcomes for Auctus’ provider clients.

  • Buyer
    ESTEVE
    Target
    TerSera Therapeutics LLC (Infusion Specialty Therapies Business Unit)
    Seller
    TerSera Therapeutics LLC
    Type
    Buyout

    ESTEVE has entered into an agreement to acquire TerSera Therapeutics’ Infusion Specialty Therapies (IST) business unit. The deal is expected to close in the first quarter of 2026 and expands ESTEVE’s U.S. presence, including worldwide rights (ex-China) for Quzyttir and worldwide rights for Prialt.

  • Buyer
    FineLine Technologies
    Target
    Digi-Trax Corp.
    Seller
    Jeff Kriozere
    Type
    Buyout

    FineLine Technologies has acquired Digi-Trax Corp., a provider of healthcare labeling and identification solutions that support safety, traceability and compliance in the blood and cell-therapy supply network. Digi-Trax will operate as FineLine's Healthcare Division, and Digi-Trax owner Jeff Kriozere will remain with the business.

  • Buyer
    Luma Health
    Target
    Tonic Health
    Seller
    R1
    Type
    Buyout

    Luma Health has acquired Tonic Health from R1 to expand its patient intake, e-consent, and patient-reported outcomes capabilities and deepen its integrations with Oracle Health EHRs. The deal broadens Luma's reach to more than 1,000 health systems and about 100 million patients while aiming to reduce manual coordination and improve patient readiness and follow-up workflows.

  • Buyer
    ElevateOS
    Target
    RightFit Personal Training
    Type
    Buyout

    ElevateOS has acquired RightFit Personal Training, a national marketplace that connects residents with certified personal trainers, to expand wellness programming across multifamily properties. The deal increases ElevateOS’s trainer network and operational scale and brings RightFit CEO Matthew Kornblatt into ElevateOS as Vice President of Fitness Operations.

  • Buyer
    Endeavor Health
    Target
    Diamond Headache Clinic
    Type
    Buyout

    Endeavor Health has acquired Diamond Headache Clinic and will operate it as the Endeavor Health Diamond Headache & Migraine Center, expanding access to specialized headache and migraine care across the Chicago area and broader Midwest. The acquisition strengthens Endeavor's Neurosciences Institute by adding Diamond's multidisciplinary clinical services and research capabilities.

  • Buyer
    Huron
    Target
    AXIOM Systems’ payor consulting services division
    Type
    Buyout

    Huron announced it has acquired the payor consulting services division of AXIOM Systems, a healthcare IT firm focused on core administration systems and digital transformation for payors. The acquisition adds payor consulting expertise and technology/data & analytics capabilities to expand Huron’s digital-focused payor offerings.

  • Buyer
    Arsenal Capital Partners
    Target
    ThermoSafe
    Seller
    Sonoco Products Company
    Type
    Buyout

    Arsenal Capital Partners completed its acquisition of ThermoSafe, a temperature-assurance packaging business, from Sonoco Products Company. The deal was originally announced as a signed definitive agreement in September 2025 with a total purchase price of up to $725 million, including performance-based additional consideration.

  • Buyer
    VONA Case Management, NMS Capital
    Target
    Custom Case Management
    Type
    Addon

    VONA Case Management, an NMS Capital portfolio company, has acquired Custom Case Management, a Batavia, Illinois-based provider of nurse case management for workers' compensation in Illinois, Indiana, and Wisconsin. Founder Tracey Bilut will remain as Managing Director of Custom Case Management within VONA as the combined organization expands clinical capabilities and geographic coverage to better serve employers, insurers, and TPAs.

  • Buyer
    Duly Health and Care (DuPage Medical Group, Ltd.), Surgery Partners
    Target
    Valley Ambulatory Surgery Center (Valley ASC)

    Duly Health and Care, through DuPage Medical Group, has acquired a minority ownership interest in Valley Ambulatory Surgery Center (Valley ASC) in St. Charles, Illinois, in partnership with Surgery Partners. The transaction expands Duly's outpatient surgery footprint across the Chicagoland area and strengthens access to multispecialty ambulatory surgical services.

  • Buyer
    Duly Health and Care
    Target
    Woodridge Clinic
    Type
    Buyout

    Duly Health and Care (DuPage Medical Group, Ltd. dba Duly) has acquired Woodridge Clinic, a long-standing primary care provider with locations in Woodridge, Lemont and Lombard, Illinois. The acquisition brings Woodridge Clinic's physicians and care providers into Duly’s network, expanding access to physician-led primary care, diabetes management, and occupational therapy across Chicago's western suburbs.

  • Buyer
    The IMA Group (IMA Clinical Research)
    Target
    Chicago Research Center
    Type
    Addon

    The IMA Group (IMA Clinical Research), a PE-backed national clinical research platform, has acquired Chicago Research Center (CRC), an independent clinical research site in Chicago specializing in CNS and sleep disorder trials. The deal expands IMA's geographic footprint and capabilities—marking its first dedicated sleep research site—and will keep CRC's leadership and staff in place to support Phase I–IV trials.

  • Buyer
    ELMC Rx Solutions Inc., Frontline Healthcare Partners
    Target
    Caribou Systems Inc.
    Type
    Addon

    ELMC Rx Solutions Inc. acquired Caribou Systems Inc., a pharmacy analytics and PBM audit technology firm, with the transaction supported by strategic investment from Frontline Healthcare Partners. The deal expands ELMC's suite of PBM point solutions and integrates Caribou's proprietary audit engine and analytics to enhance pharmacy benefit transparency, compliance, and cost containment for plan sponsors.

  • Buyer
    Sycamore Partners, Stefano Pessina and his family
    Target
    Walgreens Boots Alliance, Inc., Walgreens, The Boots Group, Shields Health Solutions, CareCentrix, VillageMD (including Village Medical, Summit Health, CityMD)
    Type
    Buyout

    Sycamore Partners has completed its acquisition of Walgreens Boots Alliance (WBA), taking the company private and ending the listing of WBA common stock on Nasdaq. The transaction results in Walgreens, The Boots Group, Shields Health Solutions, CareCentrix, and VillageMD operating as separate standalone companies under private ownership.

  • Buyer
    EVERSANA
    Target
    Waltz Health
    Type
    Buyout

    EVERSANA announced a merger with Waltz Health to combine EVERSANA’s end-to-end pharmaceutical commercialization services with Waltz’s AI-driven prescription routing and payer-facing marketplace technology. Mark Thierer, co-founder and CEO of Waltz Health, will serve as CEO of the combined organization as the companies integrate capabilities to improve drug affordability, payer connectivity and patient access for specialty and high-cost therapies.

  • Buyer
    Singlepoint Healthcare, DFW Capital Partners
    Target
    IV Solutions, LLC
    Type
    Addon

    Singlepoint Healthcare, a portfolio company backed by DFW Capital Partners, has acquired IV Solutions, LLC, a provider of clinical pharmacy and home infusion services headquartered in Wood Dale, Illinois. The acquisition expands Singlepoint’s integrated care model by adding clinical pharmacy and home infusion capabilities; The Braff Group served as exclusive financial advisor to IV Solutions.

  • Buyer
    Keystone Capital Management, L.P.
    Target
    Azzur Labs, Micro Measurement Laboratories
    Type
    Buyout

    Keystone Capital Management has formed Gillson Sciences, a laboratory testing, monitoring and advisory platform focused on pharmaceuticals, biopharma, medical devices, healthcare and environmental sciences, by acquiring Azzur Labs (now Gillson Testing) and Micro Measurement Laboratories. Jason Fischer has been named CEO to lead the build-up strategy; terms were not disclosed.

  • Buyer
    Argosy Healthcare Partners
    Target
    O.R. Staffing Solutions

    Argosy Healthcare Partners completed a recapitalization and strategic partnership with O.R. Staffing Solutions, a clinician-led provider of operating room staffing based in the Chicago area. Argosy will support ORSS’s growth and geographic expansion—particularly into the ambulatory surgery center (ASC) market—while ORSS continues to deliver specialized perioperative clinicians to hospitals and ASCs.

  • Buyer
    Knighthead Capital Management, Marathon Asset Management
    Target
    ATI Physical Therapy, Inc.
    Seller
    Remaining public shareholders
    Type
    Buyout

    ATI Physical Therapy, Inc. was taken private in a merger led by a consortium of existing stockholders headed by Knighthead Capital Management and Marathon Asset Management. The consortium, which held over 90% of voting shares, will acquire remaining shares for $2.85 per share in cash; ATI will remain headquartered in Downers Grove, Illinois and continue operating under its current brand and management while focusing on long-term growth and clinic expansion.

  • Buyer
    Premier Radiology Services, Grovecourt Capital Partners
    Target
    MetisMD
    Type
    Addon

    Premier Radiology Services, a Grovecourt Capital Partners-backed teleradiology platform, has acquired MetisMD, a Chicago-based teleradiology provider with deep expertise in musculoskeletal imaging. The add-on expands Premier's subspecialty coverage and national reach, giving MetisMD access to Premier's administrative infrastructure, technology and broader clinical network; terms were not disclosed.

  • Buyer
    Viemed Healthcare, Inc.
    Target
    Lehan's Medical Equipment
    Type
    Buyout

    Viemed Healthcare, Inc. completed the acquisition of Illinois-based Lehan's Medical Equipment for a base purchase price of $26.0 million plus estimated contingent payments of $2.2 million. Lehan, a multi-location provider of home medical equipment (including CPAP rental/resupply and breast pumps), generated approximately $25.7 million of revenue and $7.4 million of Adjusted EBITDA in 2024 and will expand Viemed's geographic footprint and fulfillment capabilities in Northern Illinois.

  • Buyer
    Symetra Life Insurance Company, Health Care Service Corporation (HCSC)
    Target
    Dearborn Group's group life and disability (L&D) business
    Seller
    Dearborn Group
    Type
    Buyout

    Dearborn Group and Symetra announced a definitive agreement under which Symetra Life Insurance Company will acquire Dearborn Group’s group life and disability (L&D) business via a reinsurance transaction. Symetra will also enter an exclusive multi-year product distribution arrangement to offer its L&D products to Health Care Service Corporation (HCSC) customers, with closing expected in the second half of 2025.

  • Buyer
    MRO Corp., Parthenon Capital
    Target
    Q-Centrix Corp.
    Seller
    TPG Growth
    Type
    Addon

    MRO Corp. has acquired Q-Centrix Corp., an enterprise clinical data management platform, from TPG Growth. The transaction is supported by Parthenon Capital, which made a new investment in MRO to back the combined company's growth; financial terms were not disclosed.

  • Buyer
    ENT Partners, LLC
    Target
    ENT Specialists, Ltd
    Type
    Addon

    ENT Partners, LLC, a physician practice management company, has acquired ENT Specialists, Ltd, an otolaryngology practice based in Clarendon Hills, Illinois. The deal expands ENT Partners' Midwest footprint and will enable the practice to broaden services (including allergy treatments, audiology and in‑office CT) while joining a larger physician network.

  • Buyer
    Duly Health and Care
    Target
    Alliance Clinical Associates
    Type
    Buyout

    Duly Health and Care has acquired Alliance Clinical Associates, a behavioral and mental health practice based in Wheaton, Illinois. The deal adds more than 30 providers to Duly's network to expand its integrated behavioral and mental health services across the Chicagoland area.

  • Buyer
    Netsmart
    Target
    SAMMS Healthcare Group
    Type
    Buyout

    Netsmart has acquired Substance Abuse Medication Management Systems (SAMMS) Healthcare Group to integrate SAMMS' billing and medication-management capabilities into its CareFabric platform and Methasoft EHR, enhancing support for medication-assisted treatment (MAT) providers. Netsmart said it will continue to support the existing SAMMS solution while developing a next‑generation, multi‑tenant SaaS EHR with improved dosing and billing for MAT providers.

  • Buyer
    ENT Partners, LLC
    Target
    Currence Physician Solutions
    Type
    Buyout

    ENT Partners, a physician practice management company, has acquired Currence Physician Solutions, a medical billing and revenue cycle management provider. The deal will integrate Currence's RCM platform and analytics into ENT Partners' services to improve operational efficiency and expand business development for physician practices.

  • Buyer
    Altocare, Waud Capital Partners
    Target
    MedTec Healthcare
    Type
    Addon

    Waud Capital Partners, through its newly formed home care holding company Altocare, has acquired MedTec Healthcare, an Illinois-based provider of in‑home care and adult day services. MedTec will join Altocare's Senior Helpers platform and continue to operate under its existing brand and leadership as Waud builds a scaled home-based care platform serving private‑pay and Medicaid clients.

  • Buyer
    Valor Healthcare, Inc.
    Target
    Mission Critical Psychological Services, LLC
    Type
    Buyout

    Valor Healthcare, a Dallas-based federal healthcare services provider, has acquired Mission Critical Psychological Services (MCPS), a Chicago-based telehealth behavioral health provider that serves federal agencies, government contractors and first responder populations. The acquisition expands Valor’s behavioral health capabilities—adding pre- and post-deployment psychological assessment, trauma-informed care, and in-mission crisis intervention services to its federal healthcare platform for clients such as the VA, DOD, DHA and DHS.

  • Buyer
    Health Care Service Corporation (HCSC)
    Target
    The Cigna Group Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses
    Seller
    The Cigna Group
    Type
    Buyout

    Health Care Service Corporation (HCSC) completed its previously announced acquisition of The Cigna Group’s Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D, and CareAllies businesses. The deal is intended to expand HCSC’s capabilities and geographic presence in the growing Medicare market.

  • Buyer
    AIM Equity Partners
    Target
    AMOpportunities

    AIM Equity Partners has made a majority-control growth investment in AMOpportunities to accelerate the company’s product innovation and expand its clinical-education platform into new specialties. The funding will support AMO’s technology and services that manage clinical rotations for schools, providers and health systems as the company scales nationwide from its Chicago headquarters.

  • Buyer
    Peak Rock Capital (affiliate)
    Target
    BrightStar Group Holdings, Inc. (BrightStar Care)
    Type
    Buyout

    An affiliate of Peak Rock Capital has completed the acquisition of BrightStar Group Holdings, Inc. (BrightStar Care) in partnership with founder Shelly Sun Berkowitz. Peak Rock said it will support the franchisor’s growth by investing in technology, marketing, and other initiatives to expand access to clinically led home care and medical staffing services across the BrightStar franchise network.

  • Buyer
    Already Autism Health, Triton Pacific Healthcare Partners
    Target
    C.A.B.S Autism & Behaviour Specialists
    Type
    Addon

    Charlotte-based Already Autism Health acquired C.A.B.S Autism & Behaviour Specialists, a clinic operator headquartered in Itasca, Illinois that provides applied behavior analysis (ABA) services in Illinois and Georgia. Terms were not disclosed; the deal is an add-on to Already’s recently PE-backed platform following a majority investment led by Triton Pacific Healthcare Partners.

  • Buyer
    Akkodis
    Target
    Raland Compliance Partners, LLC
    Type
    Buyout

    Akkodis, the global digital engineering company of the Adecco Group, has acquired US-based Raland Compliance Partners, a specialist provider of quality and regulatory compliance services for the life sciences industry. The acquisition, which closed earlier this month, strengthens Akkodis's life sciences consulting capabilities and expands its US footprint to better serve pharma, biotech and medical device clients.

  • Buyer
    D1 Training
    Target
    Strive Village

    D1 Training has made a strategic investment in Strive Village, a four-unit strength and conditioning concept in the Chicago area. The partnership will integrate Strive Village into D1's franchise network to accelerate D1's nationwide expansion and enhance its athletic training offerings.

  • Buyer
    Northlane Capital Partners
    Target
    United States Drug Testing Laboratories Inc. (USDTL)
    Seller
    Veronica Lewis, Doug Lewis, USDTL management team
    Type
    Buyout

    Northlane Capital Partners has acquired United States Drug Testing Laboratories (USDTL), a Des Plaines, Illinois-based forensic toxicology laboratory, in a transaction in which NCP invested alongside USDTL's management and founders Veronica and Doug Lewis. NCP will partner with management to expand USDTL's niche forensic testing capabilities and has appointed Albert Berger as CEO to lead the company's next phase of growth.

  • Buyer
    Empower Physical Therapy, Sheridan Capital Partners, SV Health Investors
    Target
    Doctors of Physical Therapy
    Type
    Addon

    Empower Physical Therapy has combined with Doctors of Physical Therapy (DPT) to create a larger outpatient and industrial physical therapy network. The deal, which closed in December 2024, brings DPT's more than 100 locations and 300+ practitioners into Empower's platform (backed by Sheridan Capital Partners) and will be supported going forward by Sheridan Capital Partners and SV Health Investors; Aaron Kraai (founder of DPT) will serve as CEO of the combined company.

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Frequently Asked Questions

What kinds of healthcare services acquisitions show up in Illinois?

Common themes include clinical technology and workforce intelligence, AI and workflow automation for healthcare organizations, hospice analytics, revenue-cycle support, and healthcare facility or care delivery operations.

Which recurring Illinois-area deal topics involve technology and data?

Recent examples include workforce intelligence for healthcare technology management (PartsSource + SkillNet), AI-driven healthcare solutions (Chartis + Leap AI), and hospice data expertise paired with hospice-native AI development (1520ai + Hospice Analytics).

Do any deals in Illinois involve pharmaceutical or biotech testing capabilities?

Yes. SGS acquired CMIC, INC., a Chicago-based provider of bioanalytical testing services, to expand North American capabilities for pharmaceutical and biotech manufacturers.

Are there Illinois deals tied to care delivery operations rather than software?

Yes. Prime Healthcare completed its acquisition of Franciscan Health Olympia Fields, including stated commitments related to service-line expansions, community investment, and participation in the 340B program.

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