Tracked deals
58
58 tracked deals across 2017-2026.
Healthcare Services Buyers & Acquisitions in Wisconsin
Buyer mix
Mixed buyer set
48 strategic · 30 pe
Top trend
Volume peaked in 2025
12 tracked deals announced in 2025.
Primary Insight
What Stands Out
- Technology-enabled healthcare services appear frequently, including EHR-neutral clinical data exchange (Moxe Health) and revenue cycle management/denials analytics (e.g., VisiQuate–Etyon, Knowtion Health–Switch RCM, Professional Credit Service–Elevate Medical Solutions).
- Mental health expansion is represented by Lyra Health acquiring Bend Health to add pediatric and neurodiversity mental care capabilities.
- Care delivery & services includes infrastructure-oriented expansion such as NOVO Health Services acquiring Madison United Healthcare Linen.
- Life sciences manufacturing is also present, including Parnell acquiring Noble Pharma LLC and Vector Science & Therapeutics taking an option to purchase equity in LyoGenesis Plus (linked to MPP Group LLC).
| Deal theme (examples) | What changes after the deal |
|---|---|
| RCM, denial prevention, coding/data tooling (VisiQuate, Knowtion Health, PCS) | Adds automation, analytics, recovery, and coding/denials capabilities |
| Clinical data exchange (Moxe Health) | Enables secure, automated sharing of clinical data between providers and health plans |
| Service logistics for providers (NOVO Health Services) | Expands Midwest footprint and infection-prevention support via linen/laundry infrastructure |
| Contract manufacturing / pharma capability (Parnell, Vector Science & Therapeutics) | Strengthens U.S. manufacturing capacity and cGMP contract development/manufacturing relationships |
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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 |
|---|---|---|---|
| H.I.G. Capital | 2 | Global private equity and alternative assets firm providi... | PE |
| New Capital Partners | 2 | Healthcare-focused private equity firm investing in niche... | PE |
| Abbott Laboratories | 1 | Global healthcare company focused on developing and comme... | Strategic |
| Accrete Health Partners | 1 | Strategic digital health holding company that aligns and ... | Strategic |
| AccuRisk Solutions LLC | 1 | Managing General Underwriter providing insurance products... | Strategic |
| Advocate Aurora Enterprises | 1 | Corporate subsidiary/enterprise arm of Advocate Aurora He... | Strategic |
| Alpha II, LLC | 1 | Provider of healthcare revenue cycle management software,... | Strategic (PE-backed) |
| Arsenal Capital Partners | 1 | Private equity firm focused on building technology-rich, ... | PE |
| Avista Capital Partners | 1 | Private equity firm focused on healthcare investments and... | PE |
| BV Investment Partners | 1 | Middle-market private equity firm focused on tech-enabled... | PE |
Acquisition Volume in Healthcare Services in Wisconsin by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Vector Science & Therapeutics
- Target
- LyoGenesis Plus, MPP Group LLC
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Growth capital
Vector Science & Therapeutics entered into an option agreement to purchase up to a 15% equity interest in LyoGenesis Plus for cash payments of up to US$1.0 million over three years. Through LyoGenesis Plus’s planned acquisition of MPP Group LLC, Vector would secure long-term access to an FDA-registered, cGMP-compliant contract development and manufacturing organization based in Mequon, Wisconsin.
-
April 11, 2026
- Buyer
- Parnell
- Target
- Noble Pharma LLC
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Parnell announced it has acquired Noble Pharma LLC, a U.S.-based pharmaceutical manufacturer, under a Securities Purchase Agreement dated November 26, 2025. The deal adds an FDA- and DEA-accredited manufacturing facility in Menomonie, Wisconsin, to strengthen Parnell’s U.S. manufacturing capabilities and supply continuity.
-
- Buyer
- Graham Partners
- Target
- Midwest Products & Engineering (MPE)
- Seller
- BPOC
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
BPOC has completed the sale of Midwest Products & Engineering (“MPE”), a Milwaukee-based contract designer, developer and manufacturer of complex electromechanical and robotic-assisted surgical systems, to Graham Partners. The deal marks BPOC’s exit following its 2019 acquisition with MPE CEO Hank Kohl and the management team.
-
- Buyer
- BV Investment Partners
- Target
- Moxe Health
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Growth capital
BV Investment Partners has made a majority investment in Moxe Health, an EHR-neutral clinical data exchange platform that enables secure, automated sharing of clinical data between providers and health plans. The partnership is intended to support Moxe’s next phase of growth by accelerating network expansion and deepening embedded EHR relationships.
-
- Buyer
- HLM Investment Partners, Escalate Capital Partners, RVM Enterprises, SV Health Investors
- Target
- HPS/PayMedix
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Growth capital
HPS/PayMedix closed $33 million of equity and debt financing to accelerate national growth of its healthcare financing and payments platform. The round was led by HLM Investment Partners ($16M growth equity) and included Escalate Capital Partners (providing a $17M term debt facility), RVM Enterprises, and existing investor SV Health Investors.
-
November 20, 2025
- Buyer
- Abbott Laboratories
- Target
- Exact Sciences Corporation
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Abbott Laboratories agreed to acquire Exact Sciences Corporation for approximately $21 billion, with Exact Sciences shareholders receiving $105 per share in cash. The deal is expected to close in the second quarter of 2026, and Exact Sciences will operate as a subsidiary of Abbott after completion.
-
November 3, 2025
- Buyer
- NOVO Health Services
- Target
- Madison United Healthcare Linen
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Atlanta-based NOVO Health Services has acquired Madison United Healthcare Linen (MUHL), a Wisconsin-based cooperative that provides linen and laundry services to hospitals and clinics. The deal expands NOVO's Midwest footprint and lets it leverage MUHL's infrastructure and relationships to enhance service capabilities and infection-prevention support for healthcare providers in Wisconsin.
-
- Buyer
- Lyra Health
- Target
- Bend Health, Inc.
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Lyra Health has acquired Bend Health, Inc. to bolster its pediatric and neurodiversity mental health capabilities, adding Bend's neuropsychological testing, youth high-acuity care, and virtual intensive outpatient offerings. The deal integrates Bend's collaborative care model into Lyra's employer-focused platform (serving more than 20 million members) to expand whole-family mental health services for employers, health plans, and health systems.
-
July 1, 2025
- Buyer
- VisiQuate
- Target
- Etyon (Etyon Health)
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
VisiQuate, an AI-driven revenue cycle management (RCM) provider, has acquired Etyon, a Milwaukee-based healthcare technology firm specializing in RCM machine learning, denial prevention algorithms, and data tokenization. The deal is intended to expand VisiQuate’s ML and data capabilities within its Ana Intelligence Suite to deliver deeper predictive insights and improved denials and payments management for healthcare providers.
-
- Buyer
- GetixHealth, H.I.G. Capital
- Target
- Americollect
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Addon
GetixHealth, a portfolio company of H.I.G. Capital, has completed the acquisition of Americollect, a Manitowoc, Wisconsin-based provider of patient engagement solutions. The deal expands GetixHealth's revenue cycle management (RCM) capabilities and patient financial engagement offerings, with H.I.G. supporting continued investment in technology and scalable operations.
-
June 23, 2025
- Buyer
- Knowtion Health, Arsenal Capital Partners, Sunstone Partners
- Target
- Switch RCM
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Addon
Knowtion Health, a Boca Raton-based, PE-backed revenue cycle management provider, has completed the acquisition of Switch RCM, a data- and technology-first healthcare revenue intelligence firm based in Madison. The deal expands Knowtion’s automation, analytics and recovery capabilities and brings multiple Switch leaders into Knowtion’s executive and innovation teams; terms were not disclosed.
-
- Buyer
- Professional Credit Service
- Target
- Elevate Medical Solutions
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Addon
Professional Credit Service (PCS), a Tonka Bay-backed patient financial engagement and recovery services provider, has acquired Elevate Medical Solutions, a U.S.-based medical coding, denials management, and auditing firm. The add-on expands PCS's capabilities into mid-stage revenue cycle management (RCM), combining Elevate's credentialed coding teams and AI-assisted tools with PCS's national footprint.
-
May 21, 2025
- Buyer
- Recovery.com
- Target
- RedFox AI
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Recovery.com has acquired Madison-based AI startup RedFox AI to accelerate its development of AI-powered tools for connecting people with mental health and addiction care. The deal brings RedFox's conversational Navigator product and its cofounders into Recovery.com's team to expand responsible AI capabilities and integrate new voice-guided diagnostic and guidance features across the platform.
-
April 15, 2025
- Buyer
- Valsoft Corporation Inc.
- Target
- American Data
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Valsoft Corporation acquired American Data, a long-standing provider of Electronic Health Record (EHR) software (ECS) for the U.S. long-term care market. American Data will operate independently within Valsoft’s healthcare portfolio, with Kara McDonald leading growth initiatives to expand the product and customer success efforts.
-
January 22, 2025
- Buyer
- MERIT
- Target
- OSOD, LLC
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
MERIT, a global clinical trial endpoint and technology services provider, has acquired OSOD, LLC, a Madison-based ophthalmic preclinical services consortium with over 30 years of experience. The acquisition strengthens MERIT's ability to provide a seamless transition from preclinical to clinical phases of ocular drug and device development while retaining OSOD's management team and expert network.
-
January 16, 2025
- Buyer
- InTandem Capital Partners, LLC
- Target
- Healthfuse
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Growth capital
InTandem Capital Partners has completed a strategic equity investment in Healthfuse, a Milwaukee-based leader in revenue cycle vendor management. The partnership will provide capital and operational support to accelerate Healthfuse's growth and expand its data-driven vendor management and analytics capabilities for hospitals and health systems.
-
January 8, 2025
- Buyer
- Net Health
- Target
- Alinea Engage
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Net Health has acquired Alinea Engage, a web-based patient engagement and workflow automation platform for rehabilitation therapy providers. The acquisition expands Net Health's portfolio with patient onboarding, family engagement and revenue-cycle automation capabilities; Alinea will continue to operate under CEO and founder Carol Vance with support and investment from Net Health.
-
- Buyer
- Health In Motion, Confluent Health
- Target
- Spooner and Hayward Physical Therapy & Wellness
- Seller
- Therapist-owners of Spooner and Hayward Physical Therapy & Wellness (including Dr. Erik Larson)
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Addon
Health In Motion, a member of the Confluent Health family, has acquired Spooner and Hayward Physical Therapy & Wellness, a therapist-owned outpatient physical therapy practice with locations in Spooner and Hayward, Wisconsin. The deal expands Health In Motion's regional footprint to 11 clinics across Wisconsin and Pennsylvania and gives SHPT access to Confluent Health's management services, clinical education, and hybrid care platform.
-
October 1, 2024
- Buyer
- Surgery Partners
- Target
- Orthopedic Institute of Wisconsin, Sports Medicine & Orthopedic Center S.C., TS Ortho LLC (physician ownership entity in Midwest Orthopedic Specialty Hospital / MOSH), Orthopedic Specialists, LLC, ASMS Holdings, LLC, Innovative Pain Consultants, Great Lakes Anesthesia & Pain Specialists, Franklin Orthopedics, Butler Orthopedics, Steven Nakata, M.D., S.C., OrthoLazer
- Seller
- Orthopedic Institute of Wisconsin, Sports Medicine & Orthopedic Center S.C., TS Ortho LLC (physician ownership entity in Midwest Orthopedic Specialty Hospital / MOSH), Orthopedic Specialists, LLC, ASMS Holdings, LLC, Innovative Pain Consultants, Great Lakes Anesthesia & Pain Specialists, Franklin Orthopedics, Butler Orthopedics, Steven Nakata, M.D., S.C., OrthoLazer
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Surgery Partners entered into a strategic partnership with eleven Wisconsin physician‑owned entities to form the Midwest Orthopedic and Musculoskeletal Alliance (MOMA). The joint venture brings together orthopedic, physical therapy, pain management and anesthesia practices to create a unified, growth‑oriented musculoskeletal care platform in Wisconsin, with Hyde Park Capital advising the physician groups.
-
September 25, 2024
- Buyer
- Omega Fitness, Rainier Partners
- Target
- MDS Fitness
- Seller
- MDS Fitness
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Addon
Rainier Partners' portfolio company Omega Fitness has acquired 21 Anytime Fitness gyms in Wisconsin from MDS Fitness, expanding Omega's footprint and strengthening geographic density in the state. The deal increases Omega's position as one of the largest Anytime Fitness franchisees (now operating 120+ gyms) and is an add-on to the Rainier-backed platform focused on rapid roll-up growth.
-
September 17, 2024
- Buyer
- Vyne Medical
- Target
- Extract Systems
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Vyne Medical, a Dunwoody, Georgia-based healthcare communication and automation provider, has acquired Extract Systems, a Madison, Wisconsin provider of AI-driven data extraction solutions. The acquisition integrates Extract Systems' machine‑learning extraction and redaction capabilities into Vyne Medical's Trace platform to expand clinical and document automation capabilities and accelerate entry into government services; terms were not disclosed.
-
June 20, 2024
- Buyer
- WellRive
- Target
- Moving Forward
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
WellRive, a move-management and downsizing services provider headquartered in Flower Mound, Texas, has acquired Moving Forward, a senior move management company based in Madison, Wisconsin. The acquisition expands WellRive's geographic footprint and brings Moving Forward's local expertise in downsizing and senior relocations into WellRive's national network.
-
February 21, 2024
- Buyer
- Probo Medical, Avista Capital Partners
- Target
- Alpha Source Group
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Addon
Probo Medical, a PE-backed global provider of diagnostic imaging equipment and services, has signed a definitive agreement to acquire Alpha Source Group, a Milwaukee-based provider of field service, depot repair, refurbishment and parts distribution for medical imaging equipment. The add-on deal expands Probo's modality coverage and geographic footprint in North America and integrates Alpha Source's network of field engineers and four Centers of Excellence into Probo's platform.
-
September 13, 2023
- Buyer
- DirectMed Parts & Service, NMS Capital
- Target
- Technical Prospects, LLC
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Addon
DirectMed Parts & Service, a private equity-backed aftermarket diagnostic imaging parts and service provider, has acquired Technical Prospects, a leading supplier of aftermarket parts, training, and support for Siemens medical imaging equipment based in Appleton, Wisconsin. The deal — executed by DirectMed (a portfolio company of NMS Capital) — expands DirectMed's Siemens expertise and parts/modality coverage across CT, MRI, cath-angio, ultrasound, mammography and other imaging modalities; terms were not disclosed.
-
September 7, 2023
- Buyer
- Divine Healthcare Management
- Target
- Superior Rehabilitation Center
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Divine Healthcare Management has acquired Superior Rehabilitation Center, a skilled nursing and rehabilitation facility at 1800 New York Avenue in Superior, Wisconsin, and will rebrand it as Divine Rehabilitation and Nursing at Superior. The acquisition expands Divine Healthcare Management's regional footprint and brings the facility under its portfolio of rehabilitation and skilled nursing operations.
-
August 16, 2023
- Buyer
- Orbita
- Target
- Wellbe
- Seller
- Wellbe
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Orbita acquired the assets of Wellbe — including Wellbe's software, customers and select staff — in a transaction finalized on Aug. 16, 2023. The deal combines Orbita's conversational AI and virtual assistant platform with Wellbe's patient navigation capabilities to create an end-to-end digital pathway for specialty care.
-
March 20, 2023
- Buyer
- INVO Bioscience, Inc.
- Target
- Wisconsin Fertility Institute
- Seller
- Owners of Wisconsin Fertility Institute (not individually disclosed)
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
INVO Bioscience, Inc. (Nasdaq: INVO) has signed binding agreements to acquire Wisconsin Fertility Institute, a Madison-area fertility clinic that generated approximately $5.5 million in trailing 12-month revenue. The purchase price is $10.0 million payable over three years, and the clinic will become a wholly owned subsidiary to expand INVO's clinic footprint and support adoption of its INVOcell technology.
-
March 8, 2023
- Buyer
- Chartis
- Target
- Chi-Matic
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Chartis, a comprehensive healthcare advisory firm, has acquired Chi-Matic, an Epic-focused revenue cycle technology and consulting firm based in Verona, Wisconsin. The deal adds Chi-Matic's revenue cycle technology and services to Chartis' revenue cycle strategy, operations, and IT capabilities to advance clients' revenue cycle performance.
-
February 28, 2023
- Buyer
- Decathlon Capital Partners
- Target
- Beam Healthcare
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Growth capital
Beam Healthcare, a Madison, Wisconsin–based telemedicine provider, received a revenue-based growth investment from Decathlon Capital Partners. The funding will support Beam's geographic expansion and continued development of enhanced patient care programs without diluting ownership.
-
November 1, 2022
- Buyer
- The Pennant Group, Inc., Cornerstone Healthcare, Inc.
- Target
- Kenosha Visiting Nurse Association, Inc.
- Seller
- Kenosha Visiting Nurse Association, Inc.
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
The Pennant Group, Inc. (NASDAQ: PNTG) acquired the assets of Kenosha Visiting Nurse Association, Inc. (KVNA), a provider of skilled home health, private duty, and community health services in Kenosha, Wisconsin. The acquisition expands Pennant's home health footprint in southern Wisconsin and will be operated alongside its Cornerstone Healthcare home health and hospice subsidiary.
-
September 28, 2022
- Buyer
- Emmes
- Target
- Clinical Edge
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Emmes, a global full-service clinical research organization, has acquired Clinical Edge, a Milwaukee-based provider of visual function examiner training and certification for ophthalmic clinical trials. The deal combines Clinical Edge with Emmes' Optym ophthalmology unit (rebranded OptymEdge), expanding Emmes' ophthalmology certification capabilities and geographic reach across the U.S., Europe and Asia.
-
August 19, 2022
- Buyer
- Alpha II, LLC, WestView Capital Partners
- Target
- Health eFilings
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Addon
Alpha II, supported by growth equity firm WestView Capital Partners, has acquired Madison-based Health eFilings to expand its revenue cycle management platform with clinical data analytics and automated MIPS reporting. The combined business will integrate Alpha II's denial-prevention content and rules engine with Health eFilings' analytics to offer enhanced revenue integrity and value-based care reporting for healthcare providers.
-
August 12, 2022
- Buyer
- Humana Inc.
- Target
- Inclusa, Inc.
- Seller
- Inclusa, Inc.
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Humana Inc. will acquire substantially all of the assets of Inclusa, Inc., a Wisconsin-based Managed Care Organization that provides long-term care services through the state’s Family Care Medicaid program. The deal expands Humana’s Medicaid footprint and long-term care capabilities in Wisconsin; the transaction remains subject to customary state regulatory approvals and closing conditions.
-
- Buyer
- The Beekman Group, Beekman Investment Partners IV, LP
- Target
- FCDG Management, LLC (First Choice Dental)
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Recapitalization
An affiliate of The Beekman Group has completed a recapitalization of FCDG Management, LLC (First Choice Dental), a multi-specialty dental service organization based in the Greater Madison, Wisconsin market. The Beekman's investment will support First Choice Dental's growth and geographic expansion — enabling the company to expand its multi-specialty dental services across Wisconsin and beyond.
-
July 13, 2022
- Buyer
- Molina Healthcare, Inc.
- Target
- My Choice Wisconsin
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Molina Healthcare has entered a definitive agreement to acquire substantially all the assets of My Choice Wisconsin for approximately $150 million, net of expected tax benefits and required regulatory capital. My Choice Wisconsin is a Medicaid managed care organization serving over 44,000 MLTSS and core Medicaid members with roughly $1 billion in premium revenue for the 12 months ending March 31, 2022; Molina says the deal expands its MLTSS footprint and will be immediately accretive to adjusted EPS, subject to regulatory approvals.
-
- Buyer
- Accrete Health Partners, Bon Secours Mercy Health
- Target
- Nordic Consulting Partners
- Seller
- Silversmith Capital Partners, SV Health Investors, Health Enterprise Partners, HLM Venture Partners, Kaiser Permanente Ventures
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Accrete Health Partners, the strategic holding company of Bon Secours Mercy Health, has acquired Nordic Consulting Partners from Silversmith Capital Partners and other minority shareholders. Nordic is a Madison, Wisconsin–headquartered global health and technology consulting firm with more than 1,900 professionals; the acquisition expands Accrete/Bon Secours’s health IT and digital capabilities.
-
- Buyer
- Blue Sea Capital
- Target
- SIMKO Specialty Dental
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Growth capital
Blue Sea Capital completed a substantial growth investment in SIMKO Specialty Dental to form Specialty Smile Partners, a management services organization that will administratively support SIMKO's continued growth and future affiliations. SIMKO's doctors and management will retain their roles while the new platform (Specialty Smile Partners) supports expansion across existing and new geographies; financing for the transaction was provided by Twin Brook Capital Partners.
-
February 10, 2022
- Buyer
- Partners Group
- Target
- Forefront Dermatology
- Seller
- OMERS Private Equity
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Partners Group has signed an agreement to acquire OMERS Private Equity's interest in Forefront Dermatology, the largest physician-led dermatology group in the U.S. Forefront's physicians and executive team — and OMERS — will remain minority investors as Partners Group becomes the lead sponsor to support continued geographic expansion and growth; the deal is expected to close in early Q2 2022.
-
February 8, 2022
- Buyer
- CORA Health Services (CORA Physical Therapy), H.I.G. Capital
- Target
- Alliant Physical Therapy Group, Can Do Physical Therapy, Keck Physical Therapy
- Seller
- Chad Novasic, Barry Arem, Robert Keck
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Addon
CORA Health Services (d/b/a CORA Physical Therapy), a portfolio company of H.I.G. Capital, has acquired Alliant Physical Therapy Group, a seven-clinic operator in Milwaukee and Kenosha, Wisconsin. CORA also expanded its footprint with acquisitions of Can Do Physical Therapy (Jesup, Georgia) and Keck Physical Therapy (Hendersonville, North Carolina) to broaden its geographic presence in Wisconsin, Georgia and North Carolina.
-
February 4, 2022
- Buyer
- Nautic Partners
- Target
- SPS Health
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Growth capital
Nautic Partners has made a strategic growth investment in SPS Health to support the company's continued investment in technology, clinical and operational solutions for post-acute pharmacies and PBMs. The capital from Nautic (from its tenth fund) will help SPS expand its technology-enabled offerings and broaden its reach across long-term care, behavioral health, correctional and other specialty pharmacy markets.
-
January 9, 2022
- Buyer
- Exact Sciences Corp.
- Target
- PreventionGenetics
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Exact Sciences Corp. acquired PreventionGenetics, a CLIA- and ISO-accredited genetic testing laboratory based in Marshfield, Wisconsin, for $190 million (50% stock, 50% cash) to accelerate its entrance into hereditary cancer testing. PreventionGenetics reported preliminary 2021 revenue of about $36 million and ~100+ staff; Exact Sciences intends to leverage its commercial reach to expand hereditary cancer and genetic testing domestically and internationally.
-
November 10, 2021
- Buyer
- Sotera Health
- Target
- Regulatory Compliance Associates (RCA)
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Sotera Health has acquired Regulatory Compliance Associates (RCA), a Pleasant Prairie, Wisconsin-based life sciences regulatory and quality consulting firm. The deal expands Sotera Health’s US technical consulting and regulatory capabilities for pharmaceutical and medical device customers; terms were not disclosed.
-
October 26, 2021
- Buyer
- Firmament
- Target
- PRN Health Services (Nurses PRN)
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Growth capital
The Firmament Group provided equity backing to industry veterans Bill Brann and Pete Hietpas to launch PRN Health Services (Nurses PRN), a tech-enabled medical staffing provider headquartered in Appleton, Wisconsin. Nurses PRN will supply healthcare professionals to hospitals, long-term care and other care sites across the United States, with Firmament supplying capital and strategic support to scale the platform.
-
October 19, 2021
- Buyer
- Brown & Brown, Inc.
- Target
- Remedy Analytics, Inc.
- Seller
- Shareholders of Remedy Analytics, Inc.
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Brown & Brown, Inc. acquired all outstanding stock of Remedy Analytics, a Milwaukee-based pharmacy consulting and analytics firm that operates the PharmaLogic medication platform. Remedy Analytics will continue operating from Milwaukee within Brown & Brown's Retail segment to expand the firm's pharmacy consulting and data-driven benefits capabilities for employer clients.
-
October 14, 2021
- Buyer
- Cloudmed
- Target
- Eligibill
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Cloudmed has acquired Eligibill, a Wisconsin-based provider of insurance discovery and clearinghouse services, and will integrate Eligibill's capabilities into the CloudmedAI platform. The acquisition expands Cloudmed's revenue cycle technology and insurance discovery functionality to help hospitals and health systems accelerate reimbursement and recover underpaid revenue.
-
September 14, 2021
- Buyer
- Senior Helpers, Advocate Aurora Enterprises
- Target
- Miller Home Care LLC
- Seller
- James (Jamie) Miller, Felicia Miller
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Senior Helpers, the national in-home senior care franchisor (owned by Advocate Aurora Enterprises), acquired Miller Home Care LLC, a Milwaukee-based franchise location, converting it to a corporate store. The acquisition expands Senior Helpers’ corporate footprint in the Greater Milwaukee area and will serve as a center for staff training, program incubation and new service development to be rolled out across its franchise network.
-
August 5, 2021
- Buyer
- FOX Rehabilitation
- Target
- Taylored Rehab LLC
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
FOX Rehabilitation, a Cherry Hill, New Jersey-based provider of geriatric house calls, has acquired Taylored Rehab LLC, a Fond du Lac, Wisconsin-based provider of physical, occupational, and speech therapy serving assisted living communities, group homes, and in-home patients across 13 Wisconsin cities. The acquisition is FOX's first private-practice purchase and is intended to deepen its presence in Wisconsin and expand its pool of clinicians to serve more older adults.
-
July 20, 2021
- Buyer
- WebMD Health Corp. (an Internet Brands company)
- Target
- The Wellness Network
- Seller
- Granite Bridge Partners LLC
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Divestiture
WebMD Health Corp., an Internet Brands company, acquired The Wellness Network from Granite Bridge Partners. The purchase expands WebMD's point-of-care and video-based patient education offerings for hospitals and health systems and brings The Wellness Network's EHR-integrated content and HealthClips 360 capability into WebMD's provider services portfolio. Terms were not disclosed.
-
- Buyer
- Caravel Autism Health
- Target
- The Center for Autism Treatment
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Caravel Autism Health has acquired The Center for Autism Treatment to expand access to autism therapy, psychological assessments, and family counseling for Milwaukee-area families. The acquisition brings The Center's clinicians and speech-focused programs into Caravel's integrated platform, increasing Caravel's capacity across the Milwaukee metro and surrounding suburbs.
-
March 16, 2021
- Buyer
- ICV Partners
- Target
- Cherry Tree Dental
- Seller
- Existing shareholders (a small group of partners, majority participating dentists)
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
ICV Partners has made a majority investment in Cherry Tree Dental, a Madison, Wisconsin–based dental practice management company that operates 28 locations across the state. The investment, made in partnership with Cherry Tree co-CEOs Steve Sorrel and Jack Young, will support geographic expansion, technology improvements, and succession planning for small dental practices.
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Frequently Asked Questions
What healthcare services deal themes show up most often in Wisconsin?
The page highlights technology-focused acquisitions such as revenue cycle management (including denial prevention, coding, and recovery analytics) and clinical data exchange, alongside some service-logistics and manufacturing-capability deals.
Which transactions in this list involve revenue cycle management (RCM)?
Examples include VisiQuate acquiring Etyon, Knowtion Health acquiring Switch RCM, GetixHealth acquiring Americollect, and Professional Credit Service acquiring Elevate Medical Solutions.
Are there deals on clinical data exchange or EHR-related technology?
Yes. BV Investment Partners made a majority investment in Moxe Health, an EHR-neutral clinical data exchange platform for secure, automated sharing of clinical data between providers and health plans.
Do the acquisitions include manufacturing or pharma capability in Wisconsin?
Yes. Parnell acquired Noble Pharma LLC (adding an FDA- and DEA-accredited manufacturing facility in Menomonie, Wisconsin), and Vector Science & Therapeutics entered an option agreement related to an equity stake in LyoGenesis Plus, which is set to acquire MPP Group LLC (a Wisconsin-based cGMP contract development and manufacturing organization).
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