Tracked deals
83
83 tracked deals across 2008-2026.
Healthcare Services Buyers & Acquisitions in Minnesota
Buyer mix
Mixed buyer set
66 strategic · 40 pe
Top trend
Volume peaked in 2021
15 tracked deals announced in 2021.
Primary Insight
What Stands Out
- Minnesota-focused deals range from point-of-care diagnostics and bioscience commercialization to home/community-based care and healthcare services platforms.
- Recurring buyer activity includes healthcare operators and investors such as Premier Biotech, Align Capital Partners, Hyve Group, FTV Capital, Abry Partners, and Thomas H. Lee Partners, L.P.
- Several deals emphasize distribution and market expansion (e-commerce/catalog reach, direct customer accounts, or added geographic footprint).
- Capability-focused acquisitions show up in medtech and diagnostics (e.g., point-of-care testing products; design/assembly and biosimulation expertise).
| Deal theme | Examples from Minnesota events |
|---|---|
| Diagnostics & point-of-care testing | Premier Biotech acquisitions (NexScreen, TransMed, GH Solutions) |
| Care delivery & services footprint | Amivie → Apex Home Care; Redwood Family Care Network → Eagles Wing |
| Digital health enablement | Hyve Group → HGAN; FTV Capital → growth investment in DUOS |
| Aesthetics & non-surgical services | United Aesthetics Alliance → **LivSkin MedSpa |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Align Capital Partners | 2 | Growth-oriented private equity firm partnering with manag... | PE |
| Blue Venture Fund | 2 | Healthcare-focused investment fund formed by Blue Cross B... | Strategic |
| Newport Healthcare | 2 | National provider of evidence-based residential and outpa... | Strategic (PE-backed) |
| Premier Biotech | 2 | Rapid diagnostic testing solutions provider delivering or... | Strategic (PE-backed) |
| Revelstoke Capital Partners | 2 | Private equity firm focused on building companies in heal... | PE |
| United Aesthetics Alliance | 2 | Holding company / platform created to consolidate cosmeti... | Strategic (PE-backed) |
| ARC Health | 1 | Platform operator of mental healthcare practices that par... | Strategic (PE-backed) |
| Abry Partners | 1 | Sector-focused private equity investment firm investing i... | PE |
| AdaptHealth Corp. | 1 | Provider of home medical equipment, supplies and related ... | Strategic |
| Alpine Investors | 1 | People‑driven private equity firm focused on middle‑marke... | PE |
Acquisition Volume in Healthcare Services in Minnesota by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
June 25, 2026
- Buyer
- Merck KGaA
- Target
- Bio-Techne
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Merck KGaA entered into a definitive agreement to acquire Bio-Techne for $73 per share in cash, valuing the deal at about $11.3 billion (€9.9 billion). The acquisition is intended to strengthen Merck KGaA’s position across fast-growing life-sciences markets by adding Bio-Techne’s multi-omics, analytical technologies, and integrated workflow solutions.
-
June 24, 2026
- Buyer
- DUOS
- Target
- Linkwell Health
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
DUOS, a “performance infrastructure for health plans,” announced it has acquired Linkwell Health to strengthen its end-to-end platform from enrollment through care completion and health outcomes. The acquisition deepens DUOS’ AI-powered activation layer and expands its footprint to more than 20 health plans nationwide.
-
June 18, 2026
- Buyer
- Premier Biotech, Align Capital Partners
- Target
- NexScreen, TransMed
- Seller
- John Debrovner (CEO of NexScreen), Ted Bernhardt (owner of TransMed)
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
Align Capital Partners-backed Premier Biotech announced the acquisitions of NexScreen and TransMed to expand its product portfolio, e-commerce capabilities, and global footprint. NexScreen adds point-of-care diagnostic testing presence in Australia and New Zealand, while TransMed strengthens Premier’s catalog and online distribution to 1,000+ direct customer accounts.
-
June 3, 2026
- Buyer
- Cadence Education
- Target
- Especially for Children
- Seller
- Angie Williams (Former Owner)
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Cadence Education acquired Especially for Children, a nine-school early childhood education provider serving families across the Minneapolis–St. Paul metropolitan area in Minnesota. The deal expands Cadence Education’s national footprint to 350 private preschools and deepens its presence in the Twin Cities market while maintaining continuity for enrolled families and staff.
-
- Buyer
- Premier Biotech, Align Capital Partners
- Target
- GH Solutions
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Align Capital Partners-backed Premier Biotech has acquired GH Solutions, a distributor of point-of-care diagnostic testing products. The deal expands Premier’s customer base and broadens the solutions GH can offer to Premier’s existing network, with focus on government and workplace customers.
-
March 10, 2026
- Buyer
- Chicago Pacific Founders
- Target
- Nexben
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Growth capital
Chicago Pacific Founders (CPF) announced a strategic investment in Nexben, an end-to-end benefits utility hub focused on defined contribution and ICHRA strategies. As part of the investment, Mark Smith (operating partner at CPF) was appointed CEO of Nexben.
-
February 19, 2026
- Buyer
- United Aesthetics Alliance
- Target
- LivSkin MedSpa | Laser
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
United Aesthetics Alliance (UAA), a platform of plastic surgery practices and medspa brands, has partnered with/acquired LivSkin MedSpa | Laser, a Minneapolis-area medical spa with locations in Minnetonka and Excelsior. The deal expands UAA's non-surgical aesthetics capabilities and strengthens its presence in the Minneapolis–St. Paul market.
-
January 27, 2026
- Buyer
- Resonetics
- Target
- Resolution Medical
- Seller
- Arcline Investment Management
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Resonetics completed its acquisition of Resolution Medical, expanding its end-to-end design, finished-device, and sub-assembly capabilities for interventional, structural heart, and neuromodulation markets. The deal integrates Resolution Medical’s biosimulation, NPI, and cleanroom assembly expertise with Resonetics’ AGILE Product Development group and advanced manufacturing capabilities.
-
December 23, 2025
- Buyer
- Solventum
- Target
- Acera Surgical
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Solventum completed its acquisition of Acera Surgical, a privately held bioscience company focused on regenerative wound care. The deal includes $725 million in upfront cash plus up to $125 million in contingent cash payments tied to future milestones.
-
November 10, 2025
- Buyer
- Hyve Group
- Target
- HGAN
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Hyve has acquired HGAN (Health Growth Advisory Network), a commercial accelerator and advisor for digital health companies, to expand its year-round engagement and advisory-led offerings for the healthcare sector. The acquisition integrates HGAN’s advisory capabilities and advisor network into Hyve’s HLTH product suite to strengthen continuous connections between healthcare innovators, payers and potential partners.
-
October 9, 2025
- Buyer
- FTV Capital, Forerunner Ventures
- Target
- DUOS
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Growth capital
DUOS, an AI-powered digital health platform, raised $130 million in a strategic growth equity round led by FTV Capital with participation from Forerunner Ventures. The capital will accelerate national expansion, deepen DUOS' AI capabilities, and scale its member activation and benefits-execution platform across Medicare Advantage, Medicaid and ACA plans; FTV partners joined DUOS' board and Jenn Kerfoot was promoted to President of Market Operations.
-
October 7, 2025
- Buyer
- Hair Restoration Institute of Minnesota, Good Look Ink
- Target
- Hair Restoration Institute of Minnesota, Good Look Ink
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Hair Restoration Institute of Minnesota (HRI) and Good Look Ink (GLI) announced a strategic merger to combine HRI’s medical hair transplant expertise with GLI’s industry-leading scalp micropigmentation protocols, creating an integrated provider of surgical and cosmetic hair restoration in Minnesota and the Midwest. The combined company will offer coordinated consultations and treatments—surgery, SMP, and non-surgical therapies—with expanded geographic access and medically supervised outcomes.
-
- Buyer
- Redwood Family Care Network, Webster Equity Partners
- Target
- Eagles Wing
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
Redwood Family Care Network, a multi-state provider of services to individuals with intellectual and developmental disabilities and a portfolio company of Webster Equity Partners, has acquired Minnesota-based Eagles Wing. The acquisition expands Redwood's geographic footprint into the Midwest and augments its residential and day support services for individuals with developmental disabilities.
-
September 8, 2025
- Buyer
- Amivie
- Target
- Apex Home Care, LLC
- Seller
- Mahado Ali, Burhan Ali
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Amivie (formerly Custom Care CBC, LLC), a Morrisville, North Carolina–based home and community-based care provider, has acquired Apex Home Care, LLC, a Minnesota-based in-home care provider. The $4.5 million transaction closed on September 8, 2025; Apex (founded by Mahado and Burhan Ali) will keep its staff and leverage Amivie's national resources to expand services.
-
August 19, 2025
- Buyer
- The Cottages Group
- Target
- Cardinal of Minnesota
- Seller
- Jack Priggen
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Burnsville-based The Cottages Group, a family-owned provider of residential and in-home services, has acquired Rochester-based Cardinal of Minnesota as longtime CEO Jack Priggen retires. The deal more than doubles The Cottages Group's Minnesota footprint and expands its combined workforce to roughly 700 employees across multiple residential care locations.
-
August 19, 2025
- Buyer
- RethinkFirst (RethinkCare)
- Target
- Joshin
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
RethinkFirst (branded RethinkCare) has acquired Joshin, a provider of disability and neurodivergent navigation, coaching and accommodations services, to integrate Joshin’s personalized support into RethinkFirst’s behavioral health and workplace neurodiversity platform. The acquisition expands RethinkFirst’s capability to embed navigation, coaching and accommodations into employer benefits, EAPs and health plans to drive faster accommodations, higher productivity and stronger retention.
-
August 4, 2025
- Buyer
- Nystrom & Associates
- Target
- Ellie Mental Health Minnesota
- Seller
- Ellie Mental Health
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Divestiture
Nystrom & Associates acquired the 23-location Minnesota operations of Ellie Mental Health, combining the organizations to create one of the largest regional behavioral health networks across Minnesota, Iowa, North Dakota, Missouri, and Wisconsin. The deal preserves all current clinic locations and staff, expands specialized services (including TMS and ketamine), and allows Ellie to refocus on growing its national franchise network.
-
May 8, 2025
- Buyer
- Safe Life
- Target
- HeartCert
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
Safe Life, a Stockholm-based group focused on AEDs and first-aid training, has acquired HeartCert, a Minnesota-based provider of AED distribution, CPR, First Aid and CNA training. The acquisition gives Safe Life a physical presence in the U.S. Midwest, strengthens its national training capabilities, and expands its reach across the United States.
-
May 7, 2025
- Buyer
- Sumitomo Corporation, Sumitomo Corporation of Americas
- Target
- ActivStyle, LLC
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Sumitomo Corporation, through its U.S. arm Sumitomo Corporation of Americas, acquired full ownership of ActivStyle, LLC, a St. Paul-based provider of insurance-covered home medical supplies for patients with chronic conditions. The acquisition expands Sumitomo's U.S. healthcare footprint and is intended to create synergies with its existing investment in Vast Medical Holdings/Quest through cross-selling of products and services.
-
April 17, 2025
- Buyer
- Patient Square Capital, Patient Square Equity Partners, LP
- Target
- Patterson Companies, Patterson Companies Inc.
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Patterson Companies entered into a definitive agreement to be acquired by Patient Square Capital in a $4.1 billion transaction (about $31.35 per share in cash). The acquisition completed on April 17, 2025, and Patterson’s common stock is no longer traded on the Nasdaq Global Select Market.
-
January 29, 2025
- Buyer
- Meridian Behavioral Health, Renovus Capital Partners
- Target
- Gateway Recovery Center
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
Meridian Behavioral Health, a Renovus Capital-owned SUD treatment provider headquartered in New Brighton, Minnesota, has acquired Gateway Recovery Center, a two-facility inpatient detox provider in Inver Grove Heights and Brooklyn Park, Minnesota. The acquisition adds medical detox capability to Meridian's continuum of care and is part of Meridian's broader roll-up strategy to expand services and capabilities across Minnesota.
-
October 24, 2024
- Target
- Vivie
- Seller
- Knute Nelson, Walker Methodist
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Knute Nelson and Walker Methodist, which merged in January 2024, have unified under the new name Vivie to consolidate their senior care services. Vivie is an integrated care organization offering home health, hospice, senior living, rehabilitation, population health and consulting, with more than 2,300 employees serving over 13,000 individuals annually across Minnesota, North Dakota, and Wisconsin.
-
July 25, 2024
- Buyer
- QuVa Pharma, Inc.
- Target
- LogicStream Health, Inc.
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
QuVa Pharma acquired LogicStream Health, bringing the Minneapolis-based SaaS clinical intelligence platform into QuVa as a wholly owned subsidiary. The combination pairs QuVa's national sterile compounding and distribution capabilities with LogicStream's AI-driven pharmacy analytics to improve drug shortage prediction, formulary management, and clinical process insights for health system pharmacies.
-
May 2, 2024
- Buyer
- Avel eCare
- Target
- Horizon Virtual
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Avel eCare, a Sioux Falls–based telemedicine provider, has acquired Minnesota-based Horizon Virtual, a virtual hospitalist services provider. The acquisition expands Avel's hospitalist capabilities and national telemedicine footprint by adding Horizon Virtual's hospitalist team and expertise to Avel's platform.
-
February 27, 2024
- Buyer
- Thomas H. Lee Partners, L.P. (THL)
- Target
- Agiliti
- Seller
- Agiliti shareholders (other than THL and its affiliates), Agiliti's management shareholders (to the extent holders have shares acquired)
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Agiliti, a nationwide provider of medical technology management and service solutions, entered into a definitive merger agreement to be taken private by an affiliate of Thomas H. Lee Partners (THL). THL will acquire all outstanding shares of Agiliti common stock not currently owned by THL and its affiliates for $10 per share in cash, implying an enterprise value of approximately $2.5 billion.
-
February 12, 2024
- Buyer
- Avesi Partners
- Target
- Visante
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Growth capital
Avesi Partners has made a minority growth investment in Visante, a St. Paul–based provider of tech-enabled pharmacy consulting and services for health systems. The partnership will support Visante’s growth and capability expansion across specialty and infusion pharmacy markets and includes an internal leadership transition with Steve Rough named CEO and Jim Jorgenson moving to an advisory role.
-
February 5, 2024
- Buyer
- Inovalon
- Target
- VigiLanz
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Inovalon, a Bowie, Maryland-based provider of cloud-based healthcare SaaS, has acquired VigiLanz, a SaaS clinical surveillance and patient safety company. The acquisition expands Inovalon’s clinical surveillance and patient-safety capabilities, broadens its customer base, and increases its addressable market in provider and life sciences offerings.
-
January 9, 2024
- Buyer
- Schweiger Dermatology Group
- Target
- United Skin Specialists
- Seller
- Tonka Bay Equity Partners
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Schweiger Dermatology Group (SDG) has acquired United Skin Specialists (USS), a Minneapolis-based dermatology practice management company formerly backed by Tonka Bay Equity Partners. The acquisition adds USS's 10 Midwest office locations and 35 providers to SDG and represents SDG's entrance into the Midwest, while Tonka Bay and BGL served as seller and advisor respectively; financial terms were not disclosed.
-
September 19, 2023
- Buyer
- Varsity Healthcare Partners, United Aesthetics Alliance
- Target
- Edina Plastic Surgery, Edina Surgery Center, Skin Artisans
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Recapitalization
Varsity Healthcare Partners formed a new platform, United Aesthetics Alliance (UAA), to consolidate cosmetic surgery and medical spa practices and completed an initial recapitalization and growth capital investment in Edina Plastic Surgery, Edina Surgery Center, and Skin Artisans. The partnership will support expansion across Minnesota through new hires, facility expansion, centralized patient marketing, and selected strategic acquisitions.
-
May 31, 2023
- Buyer
- Codex IT
- Target
- EyeDeal Consulting, LLC
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Codex IT, a Columbus, Ohio-based healthcare technology and managed services provider, has acquired EyeDeal Consulting, LLC, a St. Cloud, Minnesota professional services firm focused on clinical workflow and EHR/PM consulting. The deal expands Codex IT’s professional services capabilities and scale, with EyeDeal’s owner Chris Dean joining Codex to lead professional services.
-
May 10, 2023
- Buyer
- RQM+
- Target
- Libra Medical
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
RQM+, a global MedTech regulatory and clinical services provider, has acquired Libra Medical, a contract research organization (CRO) specializing in early-stage clinical trials for complex medical devices and diagnostics. The acquisition expands RQM+'s clinical trial capabilities—particularly first-in-human (FIH) studies, regulatory affairs and quality assurance—and brings Libra's founder, Dr. Sew-Wah Tay, into RQM+ to continue client relationships.
-
- Buyer
- Capitol Pain Institute, Iron Path Capital
- Target
- Nura Pain Clinics
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
Capitol Pain Institute (CPI), backed by private equity firm Iron Path Capital, has acquired Nura Pain Clinics to enter the Minneapolis–St. Paul market and expand CPI's national chronic pain platform into Minnesota. The transaction adds Nura's interventional pain management clinics and ambulatory surgical capabilities to CPI's network, broadening access to neuromodulation and implantable pain therapies in the Midwest.
-
February 16, 2023
- Buyer
- Ivy Rehab for Kids, Waud Capital Partners
- Target
- Sora Therapy
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
Ivy Rehab for Kids announced a partnership with Minneapolis-based Sora Therapy, bringing the pediatric physical, occupational, and speech therapy provider into Ivy Rehab’s network. The move expands Ivy Rehab for Kids’ pediatric rehab footprint (with support from PE backer Waud Capital Partners) and integrates Sora’s clinical team and services into the larger Ivy Rehab for Kids platform.
-
February 16, 2023
- Buyer
- Modular Devices, O2 Investment Partners
- Target
- Interim Diagnostic Imaging
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
Modular Devices, a portfolio company of O2 Investment Partners, announced a partnership to bring Interim Diagnostic Imaging (IDI) into its platform, significantly expanding Modular's fleet of mobile medical imaging labs. The deal strengthens Modular's service offering across CT, MRI and other imaging modalities and supports the platform's growth and diversification strategy.
-
January 9, 2023
- Buyer
- Wolters Kluwer Health (Wolters Kluwer)
- Target
- NurseTim
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Wolters Kluwer Health has signed and completed the acquisition of NurseTim, a U.S.-based provider of nursing education solutions including NCLEX test-prep tools and faculty training. NurseTim will join Wolters Kluwer's Health Learning, Research & Practice portfolio to expand nursing education, faculty development and clinical-judgement training offerings.
-
November 30, 2022
- Buyer
- Newport Healthcare
- Target
- PrairieCare
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Newport Healthcare has completed the acquisition of Minnesota-based PrairieCare to expand access to mental health treatment for youth and adults and to strengthen Newport's presence in Minnesota and the Midwest. PrairieCare operates nine locations across Minnesota offering inpatient and outpatient psychiatric services, IOPs, PHPs, and residential care.
-
October 17, 2022
- Buyer
- ARC Health
- Target
- Relationship Therapy Center
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
ARC Health has acquired the Relationship Therapy Center (RTC), a couples therapy practice based in Saint Louis Park, Minnesota. The add-on expands ARC Health's mental health specialty platform and aims to scale RTC's Intensive Couples Counseling (ICC) training program nationwide.
-
October 3, 2022
- Buyer
- Optum
- Target
- Change Healthcare
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Optum, part of UnitedHealth Group, completed its combination with Change Healthcare. The combined businesses aim to connect and simplify core clinical, administrative, and payment processes for providers and payers to reduce friction and improve efficiency.
-
September 30, 2022
- Buyer
- Evoqua Water Technologies
- Target
- Smith Engineering, Inc.
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Evoqua Water Technologies entered into a definitive agreement to acquire Smith Engineering, Inc., a privately held provider of custom high purity water treatment equipment. The deal is intended to strengthen Evoqua’s high purity water treatment portfolio and expand its North American service footprint.
-
- Buyer
- Columbia Pacific Capital Partners (CPCP)
- Target
- Panacea Healthcare Solutions, Holliday & Associates, First Healthcare Compliance
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Columbia Pacific Capital Partners (CPCP) has partnered with Panacea Healthcare Solutions to support Panacea's next stage of growth. With CPCP's investment, Panacea has simultaneously acquired Holliday & Associates and First Healthcare Compliance to expand its chargemaster, pricing transparency, compliance, and mid-revenue cycle software and services for hospitals, health systems, and physician practices.
-
August 22, 2022
- Buyer
- LTS LOHMANN Therapie-Systeme AG (LTS)
- Target
- Tapemark Inc. (Tapemark)
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
LTS LOHMANN Therapie-Systeme AG (LTS) announced it has closed the acquisition of Tapemark Inc. (Tapemark), a CDMO specializing in transdermal drug delivery systems and oral thin films. The deal adds Tapemark’s St. Paul, Minnesota facility to LTS’s global network and expands LTS’s R&D and manufacturing capabilities in North America.
-
August 16, 2022
- Buyer
- Intelerad Medical Systems
- Target
- PenRad Technologies, Inc.
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Intelerad Medical Systems has acquired PenRad Technologies, Inc., a provider of breast imaging, lung screening and patient-tracking software, to expand its mammography and lung analytics capabilities and optimize radiologist workflows. The deal follows Intelerad’s recent investment from TA Associates and aims to integrate PenRad’s solutions into Intelerad’s enterprise imaging platform to meet rising oncology screening demand.
-
- Buyer
- Princeton Equity Group
- Target
- Ellie Mental Health
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Growth capital
Princeton Equity Group has made a strategic growth investment in Ellie Mental Health to support the company’s rapid expansion of corporate clinics and its franchised network across the United States. Ellie, a Mendota Heights, Minnesota-based operator and franchisor of outpatient mental health clinics, will continue to be led by founders Erin Pash and Kyle Keller as it scales clinical capacity and franchise development.
-
- Buyer
- Health Management Associates (HMA)
- Target
- Cirdan Health Systems and Consulting
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Health Management Associates (HMA) has acquired Cirdan Health Systems and Consulting, a Minnesota-based healthcare actuarial and data services firm. The acquisition expands HMA's actuarial and encounter data capabilities to better serve payers and providers—particularly organizations serving Medicare and Medicaid populations; terms were not disclosed.
-
March 1, 2022
- Buyer
- LifeSpeak Inc., Beedie Capital, Scotia Capital Inc., Roth Canada, ULC
- Target
- Wellbeats Inc.
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
LifeSpeak signed a definitive agreement to acquire U.S.-based Wellbeats, a Minnesota-based SaaS platform for on-demand physical wellbeing delivered to enterprise clients, for up to US$92.5 million. The transaction included an upfront cash payment of US$80 million and an earnout of US$12.5 million tied to predetermined 2022 milestones, and it was expected to close in March 2022. LifeSpeak later announced it completed the acquisition.
-
January 11, 2022
- Buyer
- Leonard Green & Partners, Aurora Capital Partners
- Target
- Pace
- Seller
- Aurora Capital Partners
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Leonard Green & Partners (LGP) acquired a majority stake in Pace, a North American provider of analytical and life sciences testing and outsourced scientific solutions, from Aurora Capital Partners; Aurora has reinvested alongside LGP. Founded in 1978, Pace operates a nationwide network of over 65 analytical testing laboratories, 8 life sciences labs, and more than 45 service centers; financial terms were not disclosed.
-
- Buyer
- Propio Language Services
- Target
- ARCH Language Network, Intelligere
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Propio Language Services, headquartered in Overland Park, Kansas, acquired Minnesota-based ARCH Language Network and Intelligere to expand its interpretation, translation and localization capabilities. The deal broadens Propio's interpreter network (over 6,000 interpreters) and modality offerings (video, telephonic and in-person), strengthening its position as a leading language services provider for the healthcare market in Minnesota and beyond.
-
December 30, 2021
- Buyer
- Green Thumb Industries Inc.
- Target
- LeafLine Industries
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Green Thumb Industries Inc. has closed the acquisition of LeafLine Industries, a licensed Minnesota medical cannabis cultivator and dispensary operator. The deal includes a cultivation facility and five operating retail locations (Eagan, Hibbing, St. Cloud, St. Paul and Willmar), adds ~100+ employees to Green Thumb, and represents a strategic entry into the Minnesota medical cannabis market.
-
- Buyer
- Fortive Corporation
- Target
- Provation Software, Inc.
- Seller
- Clearlake Capital Group, L.P.
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Fortive completed its previously announced acquisition of Provation Software, adding the clinical workflow software provider as an operating company within Fortive’s Advanced Healthcare Solutions (AHS) segment. The deal was originally announced as a $1.425 billion acquisition from Clearlake, with Provation serving more than 5,000 healthcare facility customers.
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December 20, 2021
- Buyer
- Volaris Group
- Target
- Sansio Inc.
- Seller
- Stryker
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
Volaris Group has acquired Sansio Inc., including its HealthEMS and HomeSolutions.Net business lines previously owned by Stryker. Sansio — based in Duluth, Minnesota — provides SaaS information management solutions for EMS, home health and related healthcare providers and will join Volaris' Healthcare portfolio.
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Frequently Asked Questions
Which types of healthcare services acquisitions show up most often in Minnesota?
The page includes acquisitions and investments across diagnostics and point-of-care testing, medtech capabilities, home and community-based care, non-surgical aesthetics/medspas, and digital health enablement.
Are these deals only between traditional healthcare providers?
No. They also include diagnostics distributors (e.g., point-of-care product distributors), platform operators for aesthetics/medspa brands, and investors backing digital health platforms and accelerators.
What themes appear in recent Minnesota transactions?
Recent items frequently focus on expanding product/service portfolios, strengthening distribution channels, and growing geographic presence—alongside adds of specific technical capabilities.
Do any deals involve named private investment firms or funds?
Yes. The page lists investor and platform backers such as Align Capital Partners, Hyve Group, FTV Capital (with Forerunner Ventures), Webster Equity Partners, and Chicago Pacific Founders among others.
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