Healthcare Services Acquisitions in Utah

Tang+Company has acquired CanQualify, a web-based supplier prequalification and risk management platform, to expand its occupational health, safety, and supplier compliance capabilities. CanQualify will continue to operate independently under Tang+Company, enabling an integrated offering across contractor prequalification, employee screening, training and workforce health services; full integration is targeted for early 2026 (Q1 2026).

SpendMend, a healthcare cost-savings provider based in Grand Rapids, Michigan, has acquired Mazree, a cloud-hosted software platform that helps health systems redeploy and sell used medical equipment. The acquisition expands SpendMend’s cost-cycle capabilities by adding Mazree’s auction, trade-in and redeployment technology to deliver greater revenue recovery and operational efficiency for hospitals and health systems.

WellRX, the parent company of ReviveRX and Ways2Well, has acquired Bioreach, a bloodwork and genetics laboratory, to bring advanced diagnostic capabilities in-house. The acquisition is intended to speed testing turnaround, enable deeper diagnostic integration across WellRX’s telehealth, pharmacy and preventative-care offerings, and support scaled delivery of advanced tests to partner clinics and patients nationwide.

Paramount Health Management, led by behavioral health executive James Bailey, acquired St. George, Utah–based Life Launch Centers, which operates four outpatient facilities offering IOP and PHP programs. Bailey plans to rebrand the business as Anxiety, Trauma and Depression Treatment Centers and scale it into a larger behavioral health platform (targeting ~50 outpatient programs over five years) with geographic expansion into northern Utah, southern Idaho, California and Texas.

RLDatix has acquired SocialClimb LLC to integrate patient satisfaction, reputation management and patient-experience analytics into its Connected Healthcare Operations suite. The acquisition expands RLDatix's capabilities to provide a 360-degree view of providers and patient experience, enabling healthcare organizations to improve care quality, safety and revenue generation.

Investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice agreed to acquire all outstanding shares of R1 RCM Inc. in an all-cash transaction valuing the company at approximately $8.9 billion ($14.30 per share). The transaction will take R1 private to support continued investment in its revenue-cycle automation platform and expansion of intelligent automation and generative AI capabilities for healthcare providers.

Parthenon Capital has made a strategic growth investment in Medical Review Institute of America (MRIoA), a Salt Lake City–based provider of utilization management and clinical review solutions for payers. Summit Partners and MRIoA management will retain significant positions following the transaction; financial terms were not disclosed. Mizuho (and affiliate Greenhill & Co.) served as MRIoA's financial advisor and Kirkland & Ellis advised Parthenon.

Cotiviti completed a business recapitalization with investment funds managed by KKR and affiliates of long-standing owner Veritas Capital, with KKR and Veritas becoming equal co-sponsors. The transaction provides Cotiviti with additional capital to accelerate innovation, commercial expansion, new product development, and technology investments. Cotiviti is a healthcare data analytics and technology business serving health plans and select retail customers with integrated SaaS and managed services.

Versaterm, a global public safety solutions provider based in Ottawa, announced the acquisition of Mindbase, a data-driven mental health and wellness platform for first responders. The deal integrates Mindbase’s confidential, CAD/RMS-powered wellness app and analytics into Versaterm’s public safety ecosystem to expand its health and wellness capabilities and provide proactive, real-time support for peer support teams.

Standard Wellness Holdings, LLC acquired the Cannabist pharmacy in Springville, Utah and will operate the location under the name The Forest Springville. The acquisition (paid with a combination of cash and a seller note) expands Standard Wellness's vertically integrated footprint in Utah and strengthens its cultivation and processing operations in the state.

Orthopedic Care Partners (OCP) has acquired The Orthopedic Partners, a four-location orthopedic practice based in Park City, Utah. The affiliation expands OCP’s network into a fifth state and adds 11 specialized providers and an ambulatory surgery center to its platform.

MobilityWorks, a Flexpoint Ford-backed national retailer of wheelchair-accessible vehicles and mobility equipment, acquired ParaQuad Mobility (Salt Lake City, UT) and Absolute Mobility (Woodinville/Tacoma, WA). The transactions expand MobilityWorks’ retail footprint into Utah and Washington and integrate the two regional mobility dealers into its national network as add-on acquisitions.

Acacium Group has acquired SUMO Medical Staffing, a Utah-based locum tenens and physician placement agency, expanding Acacium’s US healthcare staffing footprint and complementing its existing Favorite Healthcare Staffing brand. SUMO’s founding owners will continue to lead the business as part of Acacium’s US Healthcare Staffing Division.

New York-based private equity firm Eden Capital has acquired Phlebotomy Training Specialists (PTS), a U.S. phlebotomy training and healthcare education provider with approximately 90 centers. Eden Capital will work with PTS management to scale the business nationally, expand its educational offerings and deepen corporate partnerships to address healthcare workforce shortages.

Clairvest Group Inc., together with its Clairvest Equity Partners VI co-investment pool, made a minority growth equity investment in Mountain Land Physical Therapy, an outpatient physical therapy operator in the Mountain West. The deal will support Mountain Land's expansion across the Mountain West while existing management (led by CEO Rick Lybbert and COO Jason Lobb) rolls equity and retains majority ownership.

MedVenture Health, a Salt Lake City-based private investment firm focused on medical devices and life sciences, has acquired Canyon Labs, an FDA-approved regulatory and laboratory testing services provider. The acquisition adds regulatory testing, analytical and microbiological capabilities (in a 17,000-sf facility) to MedVenture's portfolio to support its companies and accelerate product development and compliance.

Xevant, a Lehi, Utah-based provider of automated pharmacy benefits analytics, completed a growth investment round with HCAP Partners. The capital will be used to accelerate product development, expand the team, and scale Xevant's real-time analytics platform for PBMs, payers, hospitals, and consultants.

UpHealth, Inc. has agreed to sell Innovations Group Inc. (including its compounding pharmacy subsidiary MedQuest Pharmacy, Inc.) to Belmar Pharma Solutions for approximately $56 million in gross proceeds. The transaction is a divestiture intended to sharpen UpHealth's focus on its core telehealth, integrated care, and behavioral health businesses and is expected to close subject to customary conditions.

Prosperity Behavioral Health, a Cherry Hill, New Jersey-based provider of financial and revenue-cycle services for behavioral health facilities, has acquired Elevated Billing Solutions, a Utah-based revenue-cycle management firm serving behavioral health providers. The add-on expands Prosperity's service offerings and client base as it continues growth following NewSpring Capital's investment in 2022.

Nextech has acquired TouchMD, a visual consultation, marketing, and imaging software platform serving plastic surgery, medspa, dermatology, and ophthalmology practices. The deal integrates TouchMD’s patient-facing touchscreen and marketing capabilities into Nextech’s EHR and practice management platform to enhance both the digital and in-person patient and clinical experience for specialty practices.

Upfront, a Baird Capital-backed patient engagement and access platform, has acquired PatientBond, a consumer-science leader in healthcare. The deal combines PatientBond’s psychographic segmentation and consumer insights with Upfront’s omnichannel engagement platform to expand personalization and patient activation capabilities across health systems, urgent care, payers, and life sciences customers.

SpendMend, in partnership with Morgan Stanley Capital Partners, has acquired Trulla, a Draper, Utah-based provider of pharmacy procurement software and analytics. The deal integrates Trulla's procurement, pricing-algorithm and analytics capabilities into SpendMend's pharmacy suite to help health systems, hospitals, and clinics reduce pharmacy costs and manage 340B program compliance.

Ingenovis Health, a PE-backed diversified healthcare workforce solutions platform, has acquired VISTA Staffing Solutions from Envision Physician Services. The deal expands Ingenovis' physician services capabilities—adding VISTA's locum tenens and permanent placement expertise and broadening its ability to serve hospitals, clinics and government clients nationwide.

Security National Financial Corporation (NASDAQ: SNFCA) has completed the acquisition of Holbrook Mortuary, a single-location funeral services provider in the East Millcreek area of Salt Lake City, Utah. The family-owned mortuary—owned by John and Sandy Holbrook—serves about 200 families annually and will be integrated into Security National’s cemetery and mortuary operations to expand its local footprint and realize operational efficiencies.

ImageFIRST, a Calera Capital-backed national healthcare linen and laundry provider, acquired Textile Care Services (TCS) of Utah, giving ImageFIRST its first facility in Utah. The transaction keeps existing leadership (owner Rick Taft remains as general manager) and aims to expand ImageFIRST's geographic coverage and healthcare linen service capabilities; terms were not disclosed.

Nomi Health, a direct healthcare provider, has acquired Artemis Health, a Salt Lake City-based healthcare analytics provider serving more than 500 employers. The deal adds Artemis' data and analytics capabilities to Nomi's Nomi Connect platform, accelerating the company's ability to deliver actionable insights that lower costs and improve care.

Penn Foster Group has combined with Carrus, acquiring the healthcare-focused learning and certification business and providing an exit for Revelstoke Capital Partners. Carrus (including CareerStep and CareerCert) delivers online healthcare training, continuing education and certification management and will join Penn Foster's workforce and online learning platform.

Amazing Care Home Health Services, a portfolio company of 3 Rivers Capital, has acquired Utah Homecare, LLC, a division of Salus Homecare, expanding Amazing Care's pediatric private duty nursing and therapy services into Utah. The deal is Amazing Care's fifth acquisition and supports the company's strategy to grow its pediatric home-health footprint; the combined companies will employ more than 1,000 people and operate 11 offices across three states.

Funds managed by Stone Point Capital acquired Verisys Corporation and Aperture Health and combined the businesses to create a market leader in healthcare provider credentialing, enrollment, and provider data management. The deal consolidates complementary technology and services to expand capabilities across hospital systems, payers, pharmacies, telehealth providers, and state Medicaid agencies; Leverage Health will remain an active investor.

Vistria Fund IV and Apollo Impact Mission (Apollo Global's impact fund) will become equal owners of Supplemental Health Care as The Vistria Group liquidates its prior Fund I holding. The recapitalization creates a strategic partnership to accelerate growth of Supplemental Health Care, a leading healthcare staffing and workforce solutions provider that manages roughly 4,000 clinicians on assignment daily.

Valeo Home Health & Hospice, a portfolio company of Grant Avenue Capital, has acquired Hearts for Hospice & Home Health (a division of Abode Healthcare), expanding Valeo's home-based care footprint in Utah. The deal is part of Grant Avenue Capital's broader buy-and-build strategy to grow its Valeo platform through targeted add-on acquisitions and geographic expansion.

Grant Avenue Capital acquired a majority interest in Valeo Home Health and Hospice, a Salt Lake City–based provider of home health and hospice services, from Eduro Healthcare. The transaction launches Grant Avenue Capital's home-based care buy-and-build initiative, with certain individual shareholders of Eduro retaining a minority stake in Valeo.

Amazing Care Home Health Services, a portfolio company of 3 Rivers Capital, has acquired Ivy Lane Pediatrics, a pediatric home healthcare provider headquartered in Ogden, Utah. The add-on expands Amazing Care’s pediatric private-duty nursing footprint beyond the Denver area and, together with prior deals, positions the combined company as one of the larger pediatric nursing providers in the U.S.

Pharos Capital Group, through its Family Treatment Network platform, has acquired Catalyst Behavioral Solutions, an outpatient mental and behavioral health provider based in Layton, Utah. The add-on expands FTN's adolescent and autism-focused services into Utah; terms were not disclosed and Catalyst's existing management will remain in place.

DW Healthcare Partners, a healthcare-focused private equity firm, announced an investment in CareXM, a provider of virtual care and patient engagement solutions used by home health, hospice, physician practices and hospitals. The capital will support CareXM's continued product development and expansion of its 24/7 HIPAA-compliant virtual care and clinical nurse triage services across the United States.

BV Investment Partners made a minority/growth investment in Becklar, the Ogden, Utah–based parent company of Freeus and AvantGuard. The capital will support organic growth, product and software development, expanded monitoring capabilities and pursuit of M&A opportunities while founder and CEO Josh Garner retains a sizeable equity stake and remains engaged.

Cimarron Healthcare Capital completed an acquisition of Ascent Behavioral Health in partnership with Ascent’s management team, Monroe Capital and Veronis Suhler Stevenson. The investment will fund expansion of Ascent’s adolescent behavioral health programs across Utah and support potential add-on acquisitions to grow the platform.

Emerald Textiles, a PE-backed healthcare linen and laundry services platform, acquired the assets of Staheli Laundry Services, a Saint George, Utah-based healthcare linen provider. The acquisition — Emerald's third add-on under Pacific Avenue Capital Partners and Highland Avenue Capital Partners — expands Emerald's footprint into Southern Utah and the Las Vegas market.

Sterile Processing Services of America (SPSA), a portfolio company of Pacific Avenue Capital Partners, acquired the assets of Novo Health Systems' Salt Lake City, Utah facility. The acquisition expands SPSA's off-site instrument and linen sterilization footprint on the West Coast and continues Pacific Avenue's strategy of building platform companies through corporate divestitures.