Healthcare Services Acquisitions in 2024

Imagenet acquired CODY Consulting (CODY), a provider of proprietary software, outsourced services, and consulting for health plan member communications and compliance; the transaction closed on December 31, 2024. Imagenet is backed by BV Investment Partners, and the combination expands Imagenet’s claims- and compliance-oriented SaaS and services suite for Medicare, Medicaid, commercial, and ACA health plans. Hyde Park Capital advised CODY on the sale.

Empower Physical Therapy (Empower) announced a combination with Doctors of Physical Therapy (DPT), expanding the combined outpatient and industrial physical therapy footprint to more than 160 locations across 11 states. The transaction closed in December 2024, and Aaron Kraai (DPT founder/CEO) will serve as CEO of the combined company. Sheridan Capital Partners (Empower) and SV Health Investors (DPT) will continue to support the combined organization for future growth.

Elevate ENT Partners, an ENT-focused management services organization (MSO), announced it has acquired Jacksonville ENT Surgery. The partnership adds Jacksonville ENT to Elevate’s national network and is intended to provide operational, financial, and administrative support to help the practice enhance care delivery and growth.

Havencrest Capital Management, through its Avid Health at Home platform, acquired Sandhills Home Care, a North Carolina-based home care provider. Sandhills delivers at-home personal care services across 14 counties in North Carolina, and the deal marks Avid's fifth acquisition overall and its second in the North Carolina market.

N-Power Medicine announced it has acquired Syapse, a precision medicine solutions provider serving community cancer centers, to expand and accelerate community-based clinical trial and research capabilities. The transaction was completed via a stock-for-stock exchange on December 30, 2024, with Syapse’s lead institutional investor Innovatus Capital Partners joining N-Power’s existing investors (including the Merck Global Health Innovation Fund) in supporting the combined company.

Commure, a healthcare technology company, announced it has acquired Memora Health, a digital care navigation and patient engagement platform. Memora will be integrated with CommureOS’s proprietary integration engine to strengthen Commure’s AI-powered portfolio across patient engagement, clinical documentation, revenue cycle management, and real-time location systems.

Kester Capital, alongside an incoming executive team, acquired EMAS Pharma, the clinical development division of Bionical Emas, in a carve-out transaction. Headquartered in the United Kingdom, EMAS Pharma operates as a Clinical Research Organisation (CRO) providing clinical development services to global pharmaceutical and biotech clients. The acquisition establishes EMAS Pharma as an independent platform and is intended to support growth organically and through acquisitions, including expansion in North America and Europe.

Avel eCare acquired Hospital Pharmacy Management, Inc. (HPM), a Kansas-based provider of remote medication order review and onsite hospital pharmacy management services. The acquisition expands Avel eCare’s telepharmacy offering and strengthens its ability to support hospitals and health systems with 24/7 pharmacist access amid staffing shortages.

CareHub, a portfolio company of Silver Economy Fund (Quadrivio Group), acquired a 95% stake in Cormedica S.r.l. through its vehicle Brexia Med S.r.l. Cormedica operates multi-specialty outpatient clinics in Italy’s Friuli-Venezia Giulia region, and the deal supports CareHub’s buy-and-build strategy in outpatient diagnostics and local private healthcare.

Swanton Care and Community has acquired the Disability Support division of Alina Homecare (Alina Disability Support), a portfolio company/division backed by Bridges. The transaction represents Bridges’ fifth exit, with the Alina Group retaining the Alina Homecare division focused on privately funded homecare and live-in services across the South of England.

Aspirion announced the acquisition of Boost Healthcare to expand its healthcare revenue cycle management (RCM) capabilities. The deal strengthens Aspirion’s expertise in areas including zero-balance review, payment variance, denials management, and No Surprises Act compliance, and marks Aspirion’s seventh acquisition in six years.

Apollo Care announced the closing of a significant equity investment from Flexpoint Ford to accelerate growth and expand its patient access and commercial solutions offerings. The funding will support increased investment in technology and innovation across Apollo Care’s copay, hub solutions, data warehousing, and commercial analytics platforms. Flexpoint Ford will take a minority ownership stake in Apollo Care through Flexpoint Fund V.

MGA Homecare acquired Ward Road Pharmacy, a long-term care pharmacy and home medical supply company based in Arvada, Colorado. The acquisition expands MGA’s ability to serve medically complex patients by adding pharmacy services (including compounding) and home medical supplies, and supports MGA’s coordinated home- and community-based care model.

Tarrytown Expocare Pharmacy acquired Greater Boston Long Term Care Pharmacy, a provider of pharmacy services for community-based group homes and assisted living facilities across Massachusetts. The acquisition expands Tarrytown’s footprint into Massachusetts as its 11th regional pharmacy location, and Tarrytown is supported by Sheridan Capital Partners.

Solis Mammography acquired Avestēe Women's Imaging Centers, expanding its breast imaging and women’s health services footprint into the San Antonio metropolitan area. Founded in 2013 by Dr. Suzanne Dabbous, Avestēe operates six women’s imaging locations across San Antonio, Boerne, and Spring Branch, Texas; the deal extends Solis Mammography’s presence across major Texas metro areas and into its 19th major market.

GXP-Storage secured a strategic growth investment from Whistler Capital Partners to accelerate expansion plans and technology initiatives for its regulated material management and biorepository-related services. Founder and CEO Jeff Johnson will continue to lead the company and remain a significant shareholder; financial terms were not disclosed.

Avenues Home Care acquired Clear Path Home Care to expand into six new locations across Dallas and surrounding North Texas communities. The deal grows Avenues Home Care’s footprint to 14 locations across Texas, Tennessee, and Georgia and enhances its veteran-centric home care offerings. Clear Path’s staff will remain in place under the Avenues Home Care umbrella.

Sunrise, a Belgium-headquartered sleep diagnostics company, acquired Dreem Health, a California-based sleep clinic offering diagnosis and treatment for sleep conditions. The deal supports Sunrise’s expansion of telehealth and online sleep-care solutions in the United States by combining Sunrise’s at-home diagnostic technology with Dreem Health’s payer relationships, including major insurers and Medicare.

Proven Behavior Solutions, an outpatient therapy provider for children with autism in Massachusetts, announced the acquisition of Prism Autism Education & Consultation in Connecticut. The partnership expands Proven’s geographic reach and service offerings, including Prism’s center-based ABA locations and Prism Academy, a private special education school. Both organizations will continue operating under their respective brands as they integrate operations and share best practices.

Greenlight Health Data Solutions and Pattern Health announced a merger, combining Greenlight’s patient-consented EHR/real-world data access capabilities with Pattern Health’s patient engagement, clinical trial, and clinical outcomes assessment solutions. The combined company will operate under the Greenlight Health Data Solutions name, with Pattern Health CEO Ed Barber leading as CEO and Greenlight founder Steve Malik serving as majority owner and Chairman. The merger is supported by a $6 million investment to accelerate sales and marketing expansion.

LiveFreely Inc., a digital health technology company, announced the acquisition of Sompo Horizon, a caregiving benefits provider and subsidiary of Sompo Holdings. The deal adds Sompo Horizon’s CareGo solution to LiveFreely’s BUDDY application suite, strengthening its AI-enabled caregiving offering. LiveFreely also expects the acquisition to support expansion in Japan and the broader Asia-Pacific region.

Accuhealth Tech and Signallamp Health announced a merger, funded by an additional investment from Sunstone Partners, to create a combined remote-care business offering Remote Patient Monitoring (RPM) and Chronic Care Management (CCM) services to physician practices and health systems nationwide. The merged company subsequently rebranded as TelliHealth, positioning itself as a major provider of remote care healthcare services across the United States.

Adams Clinical, a neuroscience-focused clinical trial site network backed by InTandem Capital Partners, has agreed to partner with and acquire InSite Clinical Research, a Dallas–Fort Worth-area clinical trial site specializing in inpatient and outpatient psychiatry and neurology studies including schizophrenia. The transaction expands Adams Clinical’s inpatient psychiatry and schizophrenia trial capabilities and marks its entry into Texas, alongside planned inpatient expansion at its Massachusetts and New York sites.

Amulet Capital Partners, LP made a new platform investment in Theoria Management, LLC, a tech-enabled management service organization supporting value-based primary care services for senior living communities across the United States. Theoria founder Justin Di Rezze, MD will continue as CEO and remain a significant shareholder; financial terms were not disclosed.

Adams Clinical, a neuroscience-focused clinical trial site network backed by InTandem Capital Partners, agreed to acquire and partner with InSite Clinical Research, a Dallas–Fort Worth-area clinical trial site specializing in inpatient and outpatient psychiatry and neurology studies including schizophrenia. The transaction expands Adams Clinical’s footprint into Texas and adds inpatient psychiatry/schizophrenia capabilities, alongside planned inpatient expansions at its Watertown, Massachusetts and Bronx, New York sites. Provident Healthcare Partners served as exclusive financial advisor to InSite Clinical in the transaction.

Dynamic Infusion, a provider of home infusion nursing services backed by RiverGlade Capital, acquired CCE Partners d/b/a Solution Nursing. The acquisition adds Solution’s home infusion nursing operations across Maryland, Delaware, Pennsylvania, and Northern Virginia, expanding Dynamic’s footprint in the Atlantic region. Solution co-owners Christina Sabin-Scharff and Charles Sperling will continue with the combined organization and lead regional operations.

Investment funds managed by Morgan Stanley Capital Partners (MSCP) agreed to acquire Prescott's, a healthcare-focused outsourced clinical engineering services provider, from Atlantic Street Capital. Prescott's management team, led by CEO Brian Straeb, will continue to lead the company following the transaction. Prescott's is headquartered in Monument, Colorado and provides medical equipment repair/maintenance, refurbished equipment and parts sales, and rentals across the United States and the United Kingdom.

Principle Health Systems acquired Telos PGX in a strategic move to expand personalized healthcare capabilities, particularly pharmacogenetic testing for long-term care settings. The acquisition is intended to help scale Telos PGX’s operations, accelerate innovation, and broaden adoption of personalized medication decision support for skilled nursing facilities.

Access Physical Therapy & Wellness (ACCESS PT) announced the acquisition of Physical Therapy Associates of Schenectady (PTAS), a therapist-owned physical therapy practice operating seven clinics across Massachusetts and New York. The transaction expands ACCESS PT’s outpatient rehabilitation footprint and gives PTAS access to Confluent Health’s management services and related clinical/business resources.

Carta Healthcare acquired Realyze Intelligence, an AI solution focused on oncology that matches patients to clinical trials by rapidly analyzing structured and unstructured electronic health record data. Realyze Intelligence was formed in 2020 as a portfolio company of UPMC Enterprises, and the deal expands Carta Healthcare’s AI-powered platform for clinical trial matching and clinical data abstraction.

Wildcat DX, LLC acquired full ownership of Navis Clinical Laboratories, Inc., a provider of diagnostic lab testing services. Following the acquisition, Dr. Damon Borg was appointed interim CEO as Wildcat DX plans to integrate Navis into its broader healthcare portfolio and support continued growth.

CuraLinc Healthcare acquired the employee assistance program (EAP) business from Wellspring Family Services, a Seattle-based nonprofit. Supported by CuraLinc’s primary investor Lightyear Capital, the deal expands CuraLinc’s ability to provide holistic mental health and wellbeing resources to employees and families, while Wellspring continues its homelessness-focused mission in the Pacific Northwest.

Creach Family Holdings, a privately held investment firm focused on healthcare technology and tech-enabled services, has acquired HealthRev Partners. The deal expands Creach Family Holdings’ capabilities in the home health and hospice market by combining HealthRev Partners’ revenue cycle management services with portfolio company Careficient’s EMR platform.

PAM Health acquired Southern Indiana Rehabilitation Hospital effective December 3, 2024, expanding its footprint in Indiana. The New Albany, Indiana facility will be rebranded as PAM Health Rehabilitation Hospital of Greater Indiana North and will continue providing inpatient rehabilitation services for patients recovering from serious illnesses and injuries.

ASSA ABLOY has acquired 9Solutions, a Finland-based provider of AI-powered real-time locating healthcare solutions for critical communication and collaboration, focused on senior care. Founded in 2009 and headquartered in Oulu with about 40 employees, 9Solutions will join ASSA ABLOY Global Solutions’ Senior Care business area. The company reported approximately EUR 10 million in 2023 sales, and ASSA ABLOY stated the deal will be accretive to EPS from the start.

NationsBenefits announced the acquisition of General Vision Services (GVS), a managed vision care and revenue cycle management company serving millions of members nationally. The deal adds GVS’s provider network, products, and technology to NationsBenefits’ Medicare Advantage supplemental benefits platform, enabling expanded vision benefits for its managed care customers. CapM Advisors served as financial advisor to General Vision Services.

CoachCare, a provider of remote patient monitoring and virtual care management services, has acquired Texas-based Revolution Health Solutions, a full-service care management provider focused on RPM, CCM, and RTM. The deal is CoachCare’s sixth acquisition and expands its clinical services capabilities and footprint, including growth in Texas and Florida.

ECRI, a global nonprofit focused on improving healthcare quality and safety, has acquired The Just Culture Company. The Just Culture Company provides advisory services, education, and coaching to help organizations implement a “just culture” model that improves accountability and workforce safety, strengthening ECRI’s Total System Safety approach.

Addus HomeCare Corporation completed the acquisition of the personal care operations of Gentiva, expanding Addus’ personal care footprint across seven states and entering Texas and Missouri. The acquired operations serve more than 16,000 consumers per day and are expected to add approximately $280 million in annualized revenue; the deal was funded with cash on hand and Addus’ revolving credit facility.

Northwest Urgent Care, LLC, a Tucson, Arizona subsidiary of Community Health Systems, Inc. and part of Northwest Healthcare, completed the acquisition of certain urgent care centers owned and operated by Carbon Health in Arizona. The deal expands Northwest Healthcare’s integrated healthcare network in the greater Tucson area, bringing its network to more than 80 sites of care.

U.S. Physical Therapy, Inc. acquired a 75% interest in an unnamed hand and physical therapy practice operating eight clinic locations in Wyoming. The practice generates approximately $6.5 million in annual revenue and about 43,000 annual visits, with the current owners retaining a 25% ownership interest.

McLaren Health Care has acquired Park Medical Centers, a primary care clinic group serving Wayne, Oakland, and Macomb counties in Metro Detroit. The deal adds 10 clinics, 21 providers, and approximately 36,000 patients to McLaren’s network, with Park Medical Centers operating as a division of McLaren Medical Group while retaining its branding and staff.

Planned Parenthood Southwest Ohio Region announced it has acquired Women's Med Center in Kettering (Dayton area), with the transaction finalized in December 2024. The acquisition follows Dr. Martin Haskell’s planned retirement and expands Planned Parenthood’s reproductive health services footprint in Ohio, including the transition of staff and ongoing patient care.

Risant Health completed its transaction with Cone Health after receiving all required regulatory approvals, with closing occurring on December 1, 2024. As a result, Cone Health becomes part of Risant Health, with Risant Health becoming Cone Health’s sole corporate member in a nonprofit-to-nonprofit combination with no purchase price or cash exchanged.

WellRX, parent company of preventative healthcare brands ReviveRX and Ways2Well, acquired Bioreach, a bloodwork and genetics laboratory. The deal brings advanced diagnostic testing capabilities in-house to support WellRX’s telehealth and pharmacy ecosystem and expand preventative health offerings. WellRX expects the integration to reduce bloodwork turnaround times from 5–7 business days to about one day and to enable broader rollout of new health tests.

SHS Capital, through its sixth fund (SHS VI), acquired a majority stake in Medizintechnik Rostock GmbH (MTR), a German home care provider of medical therapy devices. The transaction supports MTR’s continued growth and nationwide expansion across Germany. MTR’s two shareholder-managing directors will remain closely involved and retain a significant shareholding.

Great Hill Partners acquired a majority interest in Intuitive Health, a hybrid freestanding emergency room and urgent care operator, from prior investor Altamont Capital Partners. The investment supports Intuitive Health’s continued expansion of its in-network emergency and urgent care facilities across the United States; financial terms were not disclosed.

Buenavista Equity Partners acquired Chrestos Concept GmbH & Co. KG, with the transaction facilitated through its healthcare services platform Evidenze Group Europe (Evidenze). The deal represents the ninth acquisition in Evidenze’s buy-and-build strategy and expands its capabilities across clinical research services including trial design and statistical analysis.

An affiliate of H.I.G. Capital signed a definitive agreement to sell its portfolio company, Deenova S.r.l., an Italian provider of hospital drug and medical device traceability and automation systems. Deenova is being acquired by Equiter Infrastructure II (managed by Ersel Asset Management SGR) and Amundi Private Equity Italia, in partnership with founder Sergio Giglio, subject to customary regulatory approvals.

3 Boomerang Capital (3BC) announced a majority growth investment in Enjoin, LLC, a provider of Clinical Documentation Integrity (CDI) solutions for hospitals and health systems. The investment is intended to provide strategic resources and capital to support Enjoin’s continued expansion of its tech-enabled capabilities focused on CDI and revenue integrity.

Purpose Brands, LLC was formed through the merger of Orangetheory Fitness and Self Esteem Brands, creating a global wellness holdings company with a large portfolio of fitness and wellness franchise brands. The combined company reports $3.7 billion in revenue and operates more than 7,000 locations across 50 countries and territories.

Verisma, a provider of intelligent health data management solutions, announced it is acquiring Olah Healthcare Technology. The deal adds Olah’s Enterprise Archiving Solution (EAS), which integrates with EHRs to retire, archive, and provide access to legacy data, expanding Verisma’s end-to-end, secure patient data management capabilities for healthcare providers.

IEH Laboratories & Consulting Group acquired Founders Science Group (FSG), an analytical testing lab based in Taunton, Massachusetts. FSG specializes in pharmaceutical and beauty product testing and formulation development, and the deal expands IEH’s capabilities in these areas.

Fremman Capital has agreed to acquire a majority stake in rehaneo, a German outpatient rehabilitation group, from European investment company Gimv. rehaneo’s founder and CEO Bruno Crone and co-founder and COO Christoph Dühr will remain significantly invested and continue to lead the business. The transaction is subject to German antitrust approval and is expected to close in Q1 2025.

TigerConnect announced it has acquired Twiage, a healthcare technology company focused on real-time communication and care coordination between EMS teams and hospital emergency departments. The deal adds pre-hospital communication and transfer center workflows to TigerConnect’s clinical collaboration platform, enabling faster, more informed emergency care by sharing patient information before arrival.

WellSky, a health and community care technology company, acquired Bonafide, an enterprise software provider serving durable medical equipment (DME) and home medical equipment (HME) businesses. The deal expands WellSky’s footprint in the DME/HME segment by adding Bonafide’s integrated workflow/ERP platform covering billing, revenue cycle management, inventory, and delivery operations. Bonafide CEO Mark Ludwig will continue to lead the business; IKONA Partners advised Bonafide and DCA Partners on the transaction.

Helping Hands Family (HHF), an Applied Behavior Analysis (ABA) therapy provider, acquired Mission Autism Clinics (MAC) to expand autism care services across the Northeast United States. MAC’s 12 locations will continue operating during the transition and are expected to rebrand to Helping Hands Family over time, adding resources and operational support while maintaining continuity of care.

Summit Spine & Joint Centers announced the acquisition of Integrated Pain Solutions (IPS), a pain management practice with 18 providers across 11 locations in North Carolina. The deal is Summit’s first add-on acquisition and expands Summit’s footprint to 41 locations across Georgia, Tennessee, and North Carolina.

Surgical Information Systems (SIS) announced the acquisition of Surgical Notes, a revenue cycle management (RCM), transcription, and coding services provider focused on ambulatory surgery centers (ASCs). The deal expands SIS’ technology-enabled RCM and billing capabilities and adds Surgical Notes’ ScanChart ASC chart automation and document management solution to SIS’ portfolio.

Medical Technology Associates, LLC (MTA) acquired Major Medical Hospital Services, Inc., a medical gas services, equipment, and compliance testing provider headquartered in West Berlin, New Jersey. The acquisition expands MTA’s presence in Northeast regional markets and strengthens its ability to deliver medical gas testing and equipment alongside its existing healthcare testing, inspection, certification, repair, and calibration services.

Radon Medical Imaging, a medical imaging equipment maintenance and repair services company, acquired Alpha Imaging, a distributor and servicer of medical imaging equipment in the eastern United States. The deal expands Radon’s product offerings, service capabilities, workforce, and geographic reach. The acquisition closed in October 2024 and represents Radon’s third add-on since partnering with 5th Century Partners; terms were not disclosed.

Vitality announced the strategic acquisition of WellSpark, a health coaching provider, from EmblemHealth. The deal expands Vitality’s integrated health and wellbeing offering by adding WellSpark’s coaching solutions and credentialed coaches, while also establishing an ongoing partnership with EmblemHealth to offer Vitality solutions to EmblemHealth members.

TA Associates completed a strategic growth investment in Vee Healthtek, a provider of technology-enabled solutions and services for healthcare organizations. The partnership is intended to support Vee Healthtek’s continued growth by expanding its technology capabilities and service offerings across areas such as revenue cycle management, health information management, analytics, risk adjustment, and claims management. Financial terms were not disclosed.

Safecor Health has agreed to acquire the U.S. unit-dose packaging business of Viatris Inc., formerly known as Unit Dose Laboratories (UDL). The acquisition expands Safecor’s unit-dose commercial product portfolio and packaging/supply chain capabilities for hospitals, health systems, and pharmaceutical supply chain partners. The transaction is expected to close in the first half of 2025, and Safecor Health is a portfolio company of Vesey Street Capital Partners.

Revere Medical entered into an agreement to acquire the Medicare Shared Savings Program portion of CareMax, Inc.’s Management Services Organization, an established Accountable Care Organization supporting care for about 80,000 Medicare beneficiaries. The transaction will be implemented through CareMax’s prearranged voluntary Chapter 11 process, subject to court and regulatory approvals, with closing anticipated in Q1 2025.

MJH Life Sciences acquired the Revolutionizing Atopic Dermatitis (RAD) Annual Meeting, a CME-certified dermatology education conference. RAD will be integrated into MJH Life Sciences’ multichannel model and into the legacy meeting portfolio of Physicians' Education Resource, LLC, supported by MJH’s dermatology brands.

NavaDerm Partners, a dermatology platform backed by BelHealth Investment Partners, sold its Bronx-based practice Dermatology and Surgery Associates (DSA) to Schweiger Dermatology Group. The transaction represents an exit of DSA from the NavaDerm platform, which was formed in 2018.

Mosaic acquired Momentum, a Maine behavioral health provider serving people with intellectual and developmental disabilities, and integrated it into Mosaic’s Living Innovations operations. The deal expands Living Innovations’ regional presence across Maine, New Hampshire, Rhode Island, and Connecticut. The transaction was advised by VERTESS and facilitated by its team and Rachel Boynton.

Pleasant Land, a technology-focused private equity firm, acquired and merged healthcare services and technology companies Livanta and DOMA Technologies to form a technology-enabled healthcare quality oversight and clinical assessment services business headquartered in Virginia Beach, Virginia. The combined platform (later rebranded as Commence) emphasizes AI-enabled decision-making, data transformation, analytics, and clinical expertise in the U.S. public health and federal healthcare contracting landscape.

1315 Capital, a Philadelphia-based growth equity firm, acquired SciSafe (SciSafe Holdings, Inc.), a provider of cGMP-compliant biostorage and cold chain management services, from BioLife Solutions and will support the company with a growth capital investment as it becomes a standalone business. BioLife Solutions sold its wholly owned SciSafe subsidiary in an all-cash transaction valued at $73 million, as part of a strategic divestiture to refocus on higher-margin cell processing products.

Kian Capital Partners and RF Investment Partners formed US VisionMed Partners, a management services organization (MSO) supporting medically focused optometry practices nationwide. Lakewood Healthcare Capital also invested alongside Kian and RF, as well as the practitioners leading each location, to support the platform’s growth and future practice acquisitions.

Trive Capital and 808 Capital Partners announced an investment in Crunch Canada Holdings Inc., the primary Crunch Fitness franchisee in Canada. Crunch Canada operates 19 corporate-owned gyms and supports 13 franchised clubs, and plans to use the partnership to expand club development, enhance capabilities, and pursue select acquisitions.

Petauri, a pharmaceutical services platform backed by Oak Hill Capital, acquired Formulary Insights, a provider of U.S. market access insights and strategy for pharmaceutical and life sciences clients. Formulary Insights will be integrated and merged with Petauri Advisors, Petauri’s consulting arm, to expand Petauri’s market access research and strategy development capabilities.

Eagle Merchant Partners, an Atlanta-based private equity firm, acquired a stake in AYA Medical Spa, a multi-unit medical spa headquartered in Atlanta. The partnership aims to support AYA’s continued growth and geographic expansion across the United States and to pursue strategic acquisitions to augment AYA’s portfolio.

Court Square Capital Partners agreed to sell Advanced Diabetes Supply Group (ADSG) to Cardinal Health. Headquartered in Carlsbad, California, ADSG is a national distributor of durable medical equipment focused on diabetes supplies and home delivery, and will join Cardinal Health’s at-Home Solutions business upon closing.

Pacify, a tech-enabled maternity care solutions provider, has acquired Family Ways, a full-spectrum doula agency founded in 2013 by Rachel Carbonneau. The deal expands Pacify’s doula-led maternity and postpartum care model by integrating Family Ways’ doula network and approach with Pacify’s digital platform to reach more families nationwide.

Health In Motion (HIM), a member of the Confluent Health family, acquired Spooner and Hayward Physical Therapy & Wellness (SHPT), a therapist-owned physical therapy practice serving patients in Spooner and Hayward, Wisconsin. The deal expands HIM’s clinic footprint and allows SHPT to continue its clinical care while gaining access to Confluent Health’s management resources, talent support, and broader platform capabilities.

NationsBenefits, a fintech and supplemental benefits platform for managed care organizations, acquired Good Measures, a Food as Medicine and personalized nutrition technology and coaching platform. The deal expands NationsBenefits’ vertically integrated offering by combining Good Measures’ patented nutrition technology and clinical coaching with NationsBenefits’ food and benefits infrastructure (including meal delivery and flex card solutions) to serve health plans and their members nationwide.

Paul and Lisa Hulbert III acquired Contemporary Concepts, a provider of bereavement care services serving families, funeral homes, and community sponsors across the U.S. and Canada. Viking Mergers & Acquisitions advised on the deal and represented the seller, company founder Doug Cullen.

Paramount Health Management, led by behavioral health executive James Bailey, announced it has acquired Life Launch Centers, an outpatient behavioral health provider headquartered in St. George, Utah. The deal includes Life Launch Centers’ four Utah facilities, and Bailey plans to expand the platform and rebrand it as Anxiety, Trauma and Depression Treatment Centers.

Peace Medical, a healthcare practice based in Oakland Park, Florida, was acquired by an experienced healthcare professional and established entrepreneur with an existing general health practice. The sale enables founder Dr. James Milne to retire while ensuring continuity of care and providing a platform for the buyer to expand services in the community.

GHO Capital Partners LLP and Ampersand Capital Partners acquired Avid Bioservices, a biologics contract development and manufacturing organization (CDMO), in an all-cash transaction valued at approximately $1.1 billion. Avid stockholders received $12.50 per share in cash, and the company’s shares ceased trading and were delisted from Nasdaq following closing on February 5, 2025.

Elevate Patient Financial Solutions (ElevatePFS), a technology-enabled specialty revenue cycle management (RCM) solutions provider backed by Frazier Healthcare Partners and The Edgewater Funds, acquired NYX Health Eligibility Services (NYX). NYX provides front-end complex claims support, including Medicaid eligibility verification, eligibility verification, and enrollment services. The acquisition expands ElevatePFS' eligibility and enrollment capabilities and deepens its overall RCM offering to hospitals and health systems.

Health Commons Project, a Washington-based nonprofit focused on improving healthcare access through technology, completed its acquisition of OneHealthPort, the state's health information exchange and health data solutions provider. The combination is intended to expand data interoperability, enhance care coordination, and support public health initiatives with secure access to patient data across Washington State.

TT Capital Partners (TTCP) announced a majority investment in Collaborating Docs, a company that matches nurse practitioners with supervising physicians to support compliant independent practice in many U.S. states. The investment is intended to support Collaborating Docs’ next stage of growth as demand increases for advanced practice provider staffing and compliance support. Financial terms were not disclosed.

WELL Health Technologies Corp. completed the acquisition of Jack Nathan Medical Corp.'s Canadian clinical assets, including a network of owned and operated primary care clinics and a clinic-licensing business, and also obtained rights/framework to operate and expand clinics within Walmart Canada stores. The transaction brings a total clinic footprint reported as 13 owned clinics and 59 licensee clinics at close (72 total), with earlier reporting citing 16 owned and 62 licensee clinics, and WELL expects to drive synergies and reach adjusted EBITDA profitability in 2025.

Los Angeles Cancer Network (LACN) announced the acquisition/integration of the Pomona-based New Hope Cancer Institute, with physician Vandana Agarwal, MD and nurse practitioner Sakinah Gray, FNP joining LACN. The deal expands LACN’s independent oncology and hematology clinic footprint across Southern California. LACN is affiliated with OneOncology, a national management-and-clinical-services platform for independent oncology practices.

Versiti Blood Center of Ohio announced the acquisition of Solvita Blood Center (previously known as Community Blood Center), expanding Versiti’s footprint and blood donation services in the Dayton, Ohio region. The transaction is effective November 5, 2024 and is limited to Solvita Blood Center; Solvita will retain ownership and operation of its global tissue services.

Headlands Research acquired Trial Management Associates (TMA), a multi-site clinical research company with locations in North and South Carolina. The deal expands Headlands Research’s clinical trial site network to 21 sites across the United States and Canada and strengthens its presence in the southeastern United States.

ACON Investments has closed an investment in Fitness Ventures, S.A.P.I. de C.V., which operates the boutique fitness studio chain Commando in Mexico. The investment will support Commando’s domestic and international expansion in partnership with the company’s existing shareholders and management team. Financial terms were not disclosed.

Park Lawn Corporation (PLC) acquired substantially all the assets of Callaway-Jones, which includes multiple funeral home, crematory, planning office, and cemetery locations across Texas. The acquisition expands Park Lawn’s footprint in the Texas market, adding two stand-alone funeral homes, one planning center, and one stand-alone cemetery.

Golden Bear Therapy Partners (GBTP) acquired Northwest Rehabilitation Associates (NWRA) on November 3, adding NWRA’s four physical therapy clinic locations in Salem, Oregon to its network. NWRA’s former owner, Mike Studer, will remain involved as a staff therapist, advisory board member, and partner, supporting GBTP’s clinical education and expansion across Oregon.

PACS Group, Inc. announced that its independently operated subsidiaries acquired the operations of eight skilled nursing facilities in western Pennsylvania, totaling 1,199 skilled nursing beds. As part of the transaction, four facilities will be leased from an affiliate of CareTrust REIT, while PACS subsidiaries acquired the real estate of the other four facilities.

Sonida Senior Living, Inc. closed its previously announced acquisition of a two-asset senior housing portfolio in the Atlanta, Georgia market for $29.0 million. The two communities, located in Lawrenceville and Peachtree Corners, add 178 assisted living and memory care units and contribute to Sonida’s year-to-date total of 19 acquired properties.

U.S. Physical Therapy, Inc. (USPH) completed its previously announced acquisition of a 50% equity interest in an unnamed management services organization that provides management and administrative services to 50 outpatient physical therapy clinics. The clinics (primarily located in New York) provide outpatient physical, occupational and speech therapy, as well as in-home physical therapy services, and generate approximately $64 million in annual revenue and $12 million in annual EBITDA on a consolidated basis.

Rural Healthcare Group (RHG), which is owned by private investment firm Kinderhook Industries, acquired Steward Medical Group and Steward Health Care Network (together referred to as “Stewardship”). Following the closing, RHG plans to invest in the acquired clinics and infrastructure and will rebrand the combined organization as Revere Medical, separating the medical group/network from Steward’s hospital system.

HealthFitness, a Trustmark company, acquired Corporate Fitness Works (CFW), a provider of onsite and virtual corporate fitness management solutions. The business was purchased from co-owners Beth Vivio and Michael Vivio, and the combination expands HealthFitness’ scale to more than 200 clients across 360+ sites nationwide.

NeueHealth, Inc. acquired the remaining 25% equity interest in Centrum Health that it did not already own, making Centrum Health a wholly owned subsidiary. The transaction is intended to simplify NeueHealth’s corporate structure and streamline operations in support of its value-driven, consumer-centric care model. NeueHealth said additional key terms will be disclosed in a forthcoming SEC Form 8-K filing.

Cinven agreed a transaction involving SYNLAB AG in which funds advised by Elliott Advisors sell their existing stake to Cinven-controlled acquisition vehicles (Ephios Bidco GmbH) and reinvest the proceeds into Cinven-controlled Ephios Holdco S.à r.l., making Elliott an indirect minority shareholder alongside Cinven, Labcorp, and Qatar Holding LLC. As part of the deal, Cinven reduces its indirect shareholding while remaining the majority owner; Ephios Bidco also initiated a process to squeeze out remaining minority shareholders under German law following closing (expected in early 2025, subject to approvals). Separately, Cinven also completed a previously announced sale of an indirect minority stake in SYNLAB to Labcorp via an intermediate holding company.

H.I.G. Capital-backed Lovett Care, a provider of elderly care homes across England and Wales, has completed the acquisition of New Care. Lovett Care (founded 2009, based in Newcastle-under-Lyme) and Cheshire-based New Care will combine to own 31 care homes with 2,148 total beds, creating a top-20 UK care home operator and one of the largest in the Midlands.