Tracked deals
19
19 tracked deals across 2019-2026.
Healthcare Services Buyers & Acquisitions in Rhode Island
Buyer mix
Mixed buyer set
15 pe · 13 strategic
Top trend
Volume peaked in 2026
5 tracked deals announced in 2026.
Primary Insight
What Stands Out
- HouseWorks Holdings, LLC and InTandem Capital Partners appear in a Rhode Island home care acquisition, reflecting continued interest in in-home senior care expansion.
- Payor/provider-program moves show up as well: Wellvana acquired CVS Health’s MSSP business (CVS Accountable Care) in an all-stock deal structure.
- Specialized life-sciences and lab capabilities are part of the mix, including Millstone Medical Outsourcing adding Ethide Laboratories’ regulatory testing capabilities.
- Provider network and care-delivery scaling runs through multiple themes, including anesthesia placement expansion and Medicare-based ACO footprint growth.
| Deal theme | Examples from Rhode Island announcements |
|---|---|
| Home & community care | HouseWorks Holdings acquiring A Caring Experience Nursing Services; Elara Caring acquiring Assisted Daily Living |
| Hospital ownership & mission transitions | Centurion Foundation acquiring two Rhode Island safety-net hospitals |
| Value-based care programs | Wellvana acquiring CVS Accountable Care (MSSP) |
| Specialty services & testing | Millstone Medical Outsourcing acquiring Ethide Laboratories |
| Bioanalytical / tech-enabled services | SV Health Investors acquiring EpiVax |
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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 |
|---|---|---|---|
| APDerm | 1 | Physician-led network of dermatology practices in New Eng... | Strategic |
| Arlington Capital Partners | 1 | Middle-market private equity firm focused on healthcare, ... | PE |
| Atlantic Street Capital | 1 | Private equity firm investing in lower middle-market comp... | PE |
| Bay State Physical Therapy | 1 | Regional provider of outpatient physical therapy, chiropr... | Strategic |
| Behavioral Health Group | 1 | Largest network of Joint Commission‑accredited outpatient... | Strategic |
| Blue Venture Fund | 1 | Venture / investment fund (existing investor in healthcar... | PE |
| CHG Healthcare | 1 | Physician and advanced-practice workforce staffing and wo... | Strategic |
| Centurion Foundation | 1 | Nonprofit organization that supports and enables mission-... | Family Office |
| Elara Caring | 1 | Multi-state provider of home-based care (skilled home hea... | Strategic (PE-backed) |
| GenieRx Holdings LLC | 1 | Joint platform backed by Milrose Capital and Integro Asse... | PE |
Acquisition Volume in Healthcare Services in Rhode Island by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
August 20, 2026
- Buyer
- CHG Healthcare
- Target
- Krewe Anesthesia
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Buyout
Citizens Capital Markets & Advisory acted as the financial advisor to Krewe Anesthesia in its sale to CHG Healthcare. The announcement highlights CHG’s national scale and how the combined platform is positioned to grow CRNA placements and deepen technology investment.
-
- Buyer
- GenieRx Holdings LLC
- Target
- Omnicare, LLC
- Seller
- CVS Health (via Omnicare, LLC)
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Divestiture
CVS Health’s subsidiary Omnicare received U.S. Bankruptcy Court approval to sell its business to GenieRx Holdings LLC in a transaction valued at $250 million. GenieRx is a joint partnership between Milrose Capital LLC and Integro Asset Management LLC (doing business as Integro Healthcare Services). The transaction is expected to close later in 2026, subject to regulatory approval and customary closing conditions.
-
April 2, 2026
- Buyer
- SV Health Investors
- Target
- EpiVax, Inc.
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Buyout
SV Health Investors (SVHI) announced the acquisition of EpiVax, a Providence, Rhode Island-based bioanalytical CRO specializing in immunogenicity risk assessments for pharmaceutical and biotech companies. The deal is positioned as SVHI’s new platform investment to expand SVHI’s tech-enabled pharma services offering, with EpiVax planning new computational tools, cell-based assay applications, and expanded analytical consulting services.
-
- Buyer
- HouseWorks Holdings, LLC, InTandem Capital Partners
- Target
- A Caring Experience Nursing Services, Inc.
- Seller
- Dean Denuccio (Founder and CEO of A Caring Experience)
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Buyout
HouseWorks Holdings, LLC acquired A Caring Experience Nursing Services, Inc., a Rhode Island-based provider of in-home senior care services. The deal expands HouseWorks’ footprint in New England and strengthens its ability to deliver home care to seniors across the region, with A Caring Experience’s local presence and caregiver training school supporting the integration.
-
March 6, 2026
- Buyer
- Centurion Foundation
- Target
- Roger Williams Medical Center, Our Lady of Fatima Hospital
- Seller
- Prospect Medical Holdings
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Buyout
Centurion Foundation, a Georgia-based nonprofit, completed the acquisition of two Rhode Island safety-net hospitals: Roger Williams Medical Center (Providence) and Our Lady of Fatima Hospital (North Providence). The transaction converts the hospitals from Prospect Medical Holdings’ prior for-profit status to nonprofit organizations and is intended to preserve essential health care services, protect jobs, and maintain patient access.
-
March 4, 2025
- Buyer
- Wellvana
- Target
- CVS Health's MSSP business (CVS Accountable Care)
- Seller
- CVS Health, CVS Accountable Care
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Divestiture
Wellvana has acquired the Medicare Shared Savings Program (MSSP) business of CVS Accountable Care (part of CVS Health) in an all-stock transaction that gives CVS Health a strategic minority ownership in Wellvana. The deal expands Wellvana's ACO footprint and capabilities — broadening its provider network and technology while integrating CVS MSSP talent to support approximately 1 million Medicare patients across 40 states.
-
August 22, 2023
- Target
- QualityMetric
- Seller
- Vesey Street Capital Partners
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Divestiture
Vesey Street Capital Partners completed the full sale of its portfolio company QualityMetric on August 18, 2023; the buyer was not disclosed in the announcement. Under VSCP's ownership QualityMetric expanded its patient-reported outcomes, real-world evidence and analytics capabilities (including the acquisition of HealthActCHQ) and grew its commercial and scientific teams. Piper Sandler acted as financial advisor to VSCP and Kirkland & Ellis served as legal counsel.
-
July 10, 2023
- Buyer
- Elara Caring
- Target
- Assisted Daily Living, Inc.
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Buyout
Elara Caring has acquired Assisted Daily Living, a 50-person skilled home health provider based in Warwick, Rhode Island. The acquisition gives Elara entry into Rhode Island and expands its Northeastern footprint, enabling deployment of its value-based home health, hospice and behavioral health platform into adjacent Connecticut and Massachusetts markets.
-
December 6, 2022
- Buyer
- NMS Capital
- Target
- Surplus Solutions LLC
- Seller
- Company management, Joe D'Alton
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Recapitalization
NMS Capital has partnered with Surplus Solutions’ management in a recapitalization of Surplus Solutions LLC; terms were not disclosed. The investment will support geographic and inventory expansion, strategic M&A, and investments in infrastructure and operations to drive the company's next phase of growth; Twin Brook Capital provided debt financing.
-
November 14, 2022
- Buyer
- Millstone Medical Outsourcing, Arlington Capital Partners
- Target
- Ethide Laboratories
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Addon
Millstone Medical Outsourcing, an Arlington Capital Partners portfolio company, acquired Ethide Laboratories on November 14, 2022. The acquisition adds Ethide's regulatory testing capabilities (EO residual, microbiology, sterility, package integrity) to Millstone's post-manufacturing service offering, broadening testing services and customer footprint.
-
- Buyer
- Lab Logistics Management, Atlantic Street Capital
- Target
- The Allied Group
- Seller
- Compass Group Equity Partners
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Addon
Lab Logistics Management, a portfolio company of Atlantic Street Capital, has acquired The Allied Group from Compass Group Equity Partners. The Allied Group, a Cranston, Rhode Island–based provider of printing, kitting, assembly and fulfillment services for healthcare and life sciences (250+ employees), will expand Lab Logistics' product, kitting and international fulfillment capabilities; terms were not disclosed.
-
- Buyer
- Bay State Physical Therapy
- Target
- Rhode Island Rehab Physical Therapy
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Addon
Bay State Physical Therapy has partnered with Rhode Island Rehab Physical Therapy, bringing the Rhode Island practice into Bay State’s regional network and rebranding the clinics under the Bay State name. The partnership expands Bay State’s outpatient physical therapy footprint across Greater Providence and eastern Rhode Island, enabling shared resources, continued local clinical leadership, and expanded patient access to Bay State’s care and education programs.
-
- Buyer
- Rallyday Partners
- Target
- Performance Physical Therapy
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Growth capital
Denver-based private investment firm Rallyday Partners made a strategic growth investment in Performance Physical Therapy, a Providence, Rhode Island-based multi-clinic physical therapy platform. The capital will be used to support Performance's expansion across New England, invest in systems and infrastructure, and recruit and develop clinical and operational talent.
-
- Buyer
- VillageMD, Village Medical
- Target
- Ocean State Healthcare
- Seller
- New Harbor Capital
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Buyout
VillageMD, through its Village Medical subsidiary, has acquired Ocean State Healthcare from private equity firm New Harbor Capital. Ocean State Healthcare — a Rhode Island primary care network with 68 clinical providers across 12 locations serving ~200,000 patients annually — will become part of Village Medical as VillageMD expands its value-based primary care footprint in the state.
-
- Buyer
- Heritage Group, Noro-Moseley Partners, Blue Venture Fund, Windham Ventures
- Target
- Upward Health
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Growth capital
Upward Health, a Providence-based in-home medical group focused on high-risk, high-need populations, raised a growth equity financing led by Heritage Group with participation from existing investors Noro-Moseley Partners, the Blue Venture Fund and Windham Ventures. The capital will support Upward Health’s continued growth and national expansion of its risk-bearing, in-home care model integrating physical, behavioral and social services.
-
November 12, 2020
- Buyer
- Vesey Street Capital Partners, LLC
- Target
- QualityMetric
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Recapitalization
Vesey Street Capital Partners completed a recapitalization of QualityMetric, a provider of patient-reported outcome (PRO) surveys, enabling technology and health outcomes analytics. VSCP funds provided equity while First Eagle Alternative Credit and Morgan Stanley Credit Partners provided debt financing to support QualityMetric’s next phase of growth; terms were not disclosed.
-
November 5, 2020
- Buyer
- Spiro Health Services, Upstream Capital, NewSpring Capital Mezzanine
- Target
- Absolute Respiratory Care
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Addon
Spiro Health Services, a PE‑backed home medical equipment and respiratory care platform, has acquired Absolute Respiratory Care (ARC), a Johnston, Rhode Island-based provider of sleep therapy solutions and respiratory equipment. The add-on expands Spiro’s geographic footprint across eight New England states and the District of Columbia and brings ARC’s wireless monitoring and telehealth capabilities into Spiro’s platform.
-
October 2, 2020
- Buyer
- Behavioral Health Group (BHG)
- Target
- Center for Treatment & Recovery (CTR), LLC
- Seller
- Center for Treatment & Recovery (CTR), LLC, Wendy Looker (co-founder of CTR)
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Buyout
Behavioral Health Group (BHG) has acquired the Center for Treatment & Recovery (CTR), LLC in Pawtucket, Rhode Island; the clinic will operate as BHG Pawtucket Treatment Center. The outpatient opioid treatment program employs 23 clinicians and staff and expands BHG's network (now 71 locations across 15 states) to Rhode Island to increase access to Medication Assisted Treatment and behavioral health services.
-
November 20, 2019
- Buyer
- APDerm
- Target
- Dermatology Professionals, Inc.
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Buyout
APDerm, a physician-led dermatology group based in Acton, Massachusetts, has acquired Dermatology Professionals, Inc., adding DPI's headquarters in East Greenwich, Rhode Island and a second location in North Attleboro, Massachusetts. The deal expands APDerm's footprint across New Hampshire, Massachusetts and Rhode Island and increases its network to 24 locations and 69 providers.
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Frequently Asked Questions
Which types of healthcare services deals appear most often in Rhode Island?
The page’s Rhode Island announcements feature a range of healthcare services, including home senior care, skilled home health, outpatient therapy, hospital ownership changes, value-based care program acquisitions, and specialty/lab services such as regulatory testing and bioanalytical CRO work.
Are value-based care and Medicare programs included in these Rhode Island transactions?
Yes. Wellvana acquired CVS Health’s MSSP business (CVS Accountable Care), which ties directly to Medicare Shared Savings Program (MSSP) operations.
Do Rhode Island healthcare services acquisitions include lab and testing capabilities?
Yes. Millstone Medical Outsourcing acquired Ethide Laboratories, adding regulatory testing capabilities such as microbiology and sterility, and related integrity testing.
Are nonprofit conversions part of the Rhode Island deal mix?
Yes. Centurion Foundation acquired Roger Williams Medical Center and Our Lady of Fatima Hospital, converting them from Prospect Medical Holdings’ prior for-profit status to nonprofit organizations.
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