Healthcare M&A and Valuation
News and Insights

On December 15, 2025, existing shareholders Kingswood Capital Management and Forager Capital Management announced they reached a definitive agreement  to fully acquire Quipt Home Medical Corp., a provider of durable medical equipment, home respiratory solutions, and connected home health services. Quipt’s offerings span oxygen therapy, sleep apnea management, non-invasive ventilation, and remote patient monitoring devices, servicing patients and payors through home health age

On December 15, 2025, Cencora, Inc. (NYSE: COR) announced a definitive agreement to acquire  the majority of the outstanding equity interests it does not already own in OneOncology, a physician‑led national oncology platform that empowers independent cancer care practices, from private equity firm TPG and other shareholders. The purchase price was approximately $3.6 billion in cash plus retirement of ~$1.3 billion of existing corporate debt, implying total cash consideration

On December 12 2025, Perimeter Solutions, Inc. (NYSE: PRM) entered into a definitive agreement to acquire  Medical Manufacturing Technologies (MMT) from Arcline Investment Management for approximately $685 million in cash. MMT is a leading provider of highly engineered machinery, aftermarket consumables and services for the manufacturing of minimally invasive medical devices. The transaction positions Perimeter to diversify its offerings beyond its core fire‑safety and specia

On November 20, 2025, GE HealthCare  announced the acquisition  of Intelerad, a global provider of enterprise imaging informatics and radiology IT solutions, in a transaction that further expands GE HealthCare’s digital imaging and clinical workflow capabilities. Intelerad’s platform includes radiology information systems (RIS), picture archiving and communication systems (PACS), advanced visualization, and cloud-enabled workflow tools serving hospitals, health systems, and i

On October 29, 2025, Thermo Fisher Scientific Inc. (NYSE: TMO)  announced a definitive agreement  to acquire Clario Holdings, Inc., a leading global provider of endpoint data solutions for clinical trials, from a shareholder group led by Astorg, Nordic Capital, Novo Holdings and Cinven for approximately $8.875 billion in cash at closing, with additional deferred and contingent payments of up to ~$525 million tied to future performance. The transaction, subject to customary re

In October 2025, ARCHIMED Diagnostics, the diagnostics-focused arm of global healthcare investment firm ARCHIMED, completed its acquisition of a 60% majority stake in ARK Diagnostics, Inc., a Fremont, California-based developer and manufacturer of specialty in vitro diagnostic (IVD) assays and tests, from South Korean specialty chemical company Soulbrain Holdings. The transaction values ARK at approximately $428 million enterprise value, with Soulbrain retaining a 40% minorit

On October 21, 2025, Hologic, Inc., a leading global medical technology company focused on women’s health diagnostics, imaging and surgical products, agreed to be acquired by funds managed by private equity firms Blackstone and TPG in a take‑private transaction valued at up to $18.3 billion in enterprise value. Under the definitive merger agreement, Hologic stockholders will receive $76 per share in cash plus a non‑tradable contingent value right (CVR) of up to $3 per share,

On October 2, 2025, New Enterprise Associates (NEA)  completed a take private transaction  involving NeueHealth, Inc., a provider of value-based care solutions that integrates patient engagement, care coordination, and provider enablement tools aimed at improving clinical outcomes and reducing total cost of care. NeueHealth’s platform partners with provider organizations and payors to deliver risk-bearing care models, leveraging data analytics, technology-driven workflows, an

On September29, 2025, Ambac Financial Group, a specialty financial services company focused on insurance, reinsurance, and related risk-based products, announced its acquisition  of ArmadaCare, a provider of comprehensive home care and personal support services serving aging and medically complex populations. ArmadaCare’s offering includes non-medical personal care, companion support, and community-based assistance tailored to seniors and individuals with functional limitati

On September 26, 2025, dentalcorp Holdings Ltd. (TSX: DNTL), Canada’s largest dental service organization (DSO), entered into a definitive arrangement agreement to be acquired  by investment funds affiliated with private equity firm GTCR in an all‑cash take‑private transaction valued at approximately C$2.2 billion on an equity basis and C$3.3 billion on an enterprise value basis, or roughly $2.4 billion USD. The acquisition deepens GTCR’s presence in the dental services and m

On September 22, 2025, Premier, Inc. a Charlotte‑based, technology‑driven healthcare improvement company specializing in supply chain solutions, data analytics, consulting and collaborative services for hospitals, health systems and other providers, agreed to be acquired  by an affiliate of dedicated healthcare investment firm Patient Square Capital in a take‑private transaction valued at approximately $2.6 billion. Under the terms of the deal, Premier stockholders are receiv

On September 23, 2025, Privia Health Group, Inc. (Nasdaq: PRVA)  entered into a definitive agreement to acquire  the Accountable Care Organization (ACO) business of Evolent Health, Inc. (NYSE: EVH), operating under the Evolent Care Partners (ECP) brand. The transaction provides Privia with more than 120,000 attributed lives across the Medicare Shared Savings Program (MSSP) as well as various commercial and Medicare Advantage programs, expanding Privia’s total value‑based care

On September 16, 2025, Strata Critical Medical, Inc. (Nasdaq: SRTA)  announced the acquisition  of Keystone Perfusion Services LLC, a leading provider of organ recovery and normothermic regional perfusion (NRP) services, in a transaction valued at approximately $124 million in upfront consideration. The purchase price was paid roughly 88 % in cash and 12 % in Strata common stock, and Strata agreed to additional contingent earn‑outs of up to $23 million tied to future gross pr

On August 15, 2025, Cardinal Health (NYSE: CAH)  announced its acquisition  of Solaris Health, the leading urology‑focused management services organization (MSO) in the U.S., in a strategic transaction valued at approximately $1.9 billion in cash consideration, with additional equity rollover bringing implied total deal value closer to $2.4 billion. The deal expands Cardinal’s multi‑specialty MSO platform, The Specialty Alliance, by adding more than 750 providers across 250+

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On August 1, 2025, ATI Physical Therapy, Inc. (OTC: ATIP), a leading U.S. provider of outpatient physical therapy and rehabilitation services operating hundreds of clinics across more than 20 states, transitioned from  a publicly traded company to private ownership through a merger led by existing stockholders and private investment firms Knighthead Capital Management and Marathon Asset Management. Under the definitive merger agreement, stockholders not affiliated with the in

In July 2025, Aurobindo Pharma USA Inc., the wholly owned U.S. subsidiary of Indian generics manufacturer Aurobindo Pharma Ltd., entered into a definitive agreement  to acquire Lannett Co., Inc., a U.S. based producer of complex generic pharmaceuticals, for an enterprise value of approximately $250 million on a cash‑free, debt‑free basis. The transaction, which is expected to close within 8–12 months pending regulatory approvals, will provide Aurobindo with full ownership of

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