Healthcare Services Acquisitions in Minnesota

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Patient Square Capital, a healthcare-focused private equity firm, has completed the acquisition of Patterson Companies for $31.35 per share (transaction value approximately $4.1 billion). The deal closed April 17, 2025, taking Patterson private; Robert Rajalingam was named CEO and Patterson will continue to be headquartered in St. Paul, Minnesota.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Fortive Corporation completed its acquisition of Provation Software from Clearlake Capital, adding the clinical workflow and documentation software provider to Fortive's Advanced Healthcare Solutions segment. Provation, a Minneapolis-based SaaS provider serving more than 5,000 hospitals, ASCs and medical offices, will help Fortive expand its healthcare workflow capabilities and accelerate growth across its AHS business.

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.

Eruptr Holdings, Inc. has completed the acquisition of the health risk assessment (HRA) business line of Medicom Health, LLC, expanding Eruptr's digital marketing and patient engagement offerings for hospitals and health systems. The deal adds a market-leading HRA product that is complementary to Eruptr's existing HealthAware solution and supports capability expansion at scale; Eruptr is PE-backed by H.I.G. Growth Partners.

ConnectiveRx has acquired the Rx Savings Assistant software and distribution channel from Medicom Digital, adding the in‑EHR prescription savings tool to its EHR Network to expand point-of-care affordability messaging. The acquisition integrates the Rx Savings Assistant into ConnectiveRx’s existing EHR distribution (including Epic integrations) to extend the company's prescriber reach and patient savings delivery across health systems, hospitals and ambulatory settings.

MedCraft Healthcare Real Estate has merged with Walker & Associates to expand its healthcare project management and owner's representation platform. The combination integrates Walker & Associates' specialized project management, owner's representation and facility planning capabilities with MedCraft's development, financing and management services to serve health systems, ambulatory care and senior care clients nationwide.

Parthenon Capital completed a recapitalization of Smart Data Solutions (SDS), a provider of payer-focused claims automation, workflow and data management solutions. The Blue Venture Fund, representing 35 Blue Cross Blue Shield plans, also invested to support SDS's growth, product innovation and strategic acquisitions; terms were not disclosed.

Bluestone Physician Services, a portfolio company of WindRose Health Investors, received a strategic growth investment from the Blue Venture Fund to support scaling its integrated, home- and residential-based primary care and care coordination model. The investment is intended to leverage BVF's deep payor relationships and value-based care expertise to expand Bluestone's reach and capabilities serving high-risk, chronically ill geriatric and disabled patients.

Questex, a New York-based information services and events company, acquired the Spa Industry Association, a for‑profit organization serving the spa and medical spa industries. The acquisition strengthens Questex's Wellness vertical by adding membership, education and industry‑event capabilities to expand its reach into spa, beauty, fitness and related markets.

Recuro Health, a Dallas-based digital health platform, has acquired SupDoc, an AI-enabled virtual health solution founded by Michael Brombach. The acquisition integrates SupDoc's synchronous and asynchronous telehealth capabilities into Recuro's digital medical home to expand virtual primary care and behavioral health offerings and enhance AI-driven clinical decision-making.

CVC Capital Partners (via its CVC Growth Partners II fund) acquired a majority interest in Icario to support the company's next phase of growth and accelerate its product and go-to-market roadmap. Financial terms were not disclosed; Icario will leverage CVC's resources to scale its health action platform and expand member engagement solutions for large U.S. health plans.

DispatchHealth, a Denver-based provider of in-home medical care, has acquired Professional Portable X-Ray (PPX), a mobile imaging provider that operates across seven U.S. states. The acquisition expands DispatchHealth’s in-home service lines to include mobile radiology—initially rolling out in Phoenix, Arizona—and integrates PPX’s imaging capabilities into DispatchHealth’s Acute, Advanced and Extended Care offerings.

WindRose Health Investors completed an equity recapitalization of Bluestone Physician Services to provide growth capital and support expansion. Bluestone — a provider of on-site primary care, care coordination, and behavioral health services for high-risk, geriatric and disabled patients — will continue to be led by founder Dr. Todd Stivland, who and the executive team retain a significant minority stake.

Carrus, a Revelstoke Capital Partners-backed healthcare training technology platform, has acquired Archetype Innovations, the creator of the EHR Go educational electronic health record platform. The add-on expands Carrus' healthcare-focused education technology capabilities and opens new channels to deliver EHR training across nursing, therapy, informatics, and allied health programs; deal terms were not disclosed.

mPulse Mobile, a Los Angeles–based conversational AI health engagement company, has acquired The Big Know, a digital learning company that creates streaming health education content. The acquisition combines mPulse's conversational engagement platform and analytics with The Big Know's video- and podcast-based health learning experiences to expand mPulse's patient/member education and streaming content capabilities.

Caravel Autism Health has acquired Behavior Therapy Solutions of Minnesota to expand access to autism therapy, diagnostic assessment, and outpatient counseling services across the Twin Cities. The deal brings BTS’s clinical team and Woodbury clinic into Caravel’s network, increasing capacity for evidence-based Applied Behavior Analysis (ABA) and related mental health services for children and families.