Healthcare M&A and Valuation
News and Insights

The addiction treatment industry is a vital and rapidly evolving segment of the behavioral healthcare market, focused on the diagnosis and treatment of substance use disorders (SUDs), including alcohol, opioids, stimulants, and other drugs. Services range from detoxification and inpatient rehabilitation to outpatient therapy and medication-assisted treatment (MAT). Key Growth Drivers Key growth drivers for the industry include the following: Rising Prevalence of Substance Abu

The diagnostic imaging center industry is a critical component of the healthcare sector, providing essential services for the detection, diagnosis, and monitoring of various medical conditions. These facilities utilize advanced imaging technologies such as X-rays, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Ultrasound, and Positron Emission Tomography (PET) to produce detailed images of the body’s internal structures. The industry has seen significant growth o

The home health sector is one of the largest areas of post-acute healthcare, with volume growth driven by both demographic pressures and patient preference for care in the home. Services range from skilled nursing and therapy delivered under a physician’s order (medical home health) to non-medical assistance with activities of daily living such as bathing, dressing, and meal preparation (personal care). While both segments share common growth drivers, their operating models,

The ambulatory surgery center (ASC) industry has experienced significant growth over the past decade, driven by the shift toward outpatient care, advancements in minimally invasive surgical techniques, and cost-efficiency benefits for both patients and payers. ASCs specialize in providing same-day surgical care, including diagnostic and preventive procedures, across a wide range of specialties such as orthopedics, ophthalmology, urology, neurosurgery, gastroenterology, otolar

The hospice industry plays a critical role in the U.S. healthcare system, providing compassionate, end-of-life care to patients with terminal illnesses. Hospice services include pain management, symptom relief, counseling, and support for both patients and their families. The industry is heavily regulated and deeply influenced by reimbursement policy, but it continues to be a highly active sector for M&A, driven by demographic tailwinds and the ongoing aging of the U.S. popul

The dermatology industry is a fast-growing sector within the broader healthcare market, driven by increasing demand for both medical and cosmetic dermatological services, as well as service line expansion into aesthetic dermatology and the med spa / wellness category. Medical dermatology focuses on the diagnosis and treatment of skin conditions such as acne, eczema, psoriasis, and skin cancer, while cosmetic dermatology includes procedures like Botox, fillers, laser treatment

The infusion therapy market has experienced significant growth in recent years, driven by the increasing prevalence of chronic diseases, advancements in healthcare technology and treatments, and the rising demand for home-based care. Infusion therapy, which involves the administration of medications or fluids directly into a patient’s bloodstream, is commonly used to treat conditions such as cancer, diabetes, infections, and autoimmune disorders. The shift toward outpatient a

The U.S. urgent care industry has experienced significant growth over the past decade, driven by increasing patient demand for convenient, cost-effective healthcare solutions. Urgent care centers bridge the gap between primary care and emergency departments, offering walk-in services for non-life-threatening conditions such as minor injuries, infections, and respiratory illnesses. With over 14,000 centers nationwide as of 2023, the market has nearly doubled since 2014. Accord

The physical therapy industry is a large and steady-growing sub-segment within the healthcare industry, focused on improving mobility, managing pain, and enhancing overall quality of life for patients, often after a significant injury or surgical procedure. Services are provided in various settings including outpatient clinics, hospitals, post-acute facilities, and at-home, and address a wide range of conditions from orthopedic and neurological disorders to cardiopulmonary is

The outsourced healthcare revenue cycle industry is a critical and fast-growing component of the healthcare system, responsible for managing the financial processes associated with generating revenue from payers for patient care. This includes coding, billing, claims submission, payment collection, and denial management. According to one source , the U.S. outsourced RCM market is expected to grow from $141.61 billion in 2024 to $272.78 billion by 2030, driven by increasing co

Autism services are in high demand due to the rising prevalence of autism spectrum disorder (ASD) diagnoses and the increasing recognition of the benefits of early and ongoing intervention. Families seek evidence-based therapies, such as Applied Behavior Analysis (ABA), speech therapy, occupational therapy, and social skills programs, to improve functional outcomes and quality of life for individuals with autism. Public funding through Medicaid waivers, state programs, and pr

The healthcare staffing industry connects medical facilities with skilled professionals to meet temporary and permanent staffing needs across a variety of roles. The sector includes traditional healthcare staffing services like travel nursing, per diem staffing, and locum tenens, but also includes a variety of firms focused on specialty staffing and outsourced niche services. The industry generally plays a critical role in addressing labor shortages, fluctuating patient deman

The durable medical equipment (DME) market has shown robust growth in recent years and is projected to continue expanding significantly through the next decade. Some segments face more headwinds than others, as some investors believe GLP-1 weight loss drugs may reduce demand for certain types of equipment. Grand View Research estimates that the global DME market, valued at approximately USD $208.5 billion in 2022, will reach $331.1 billion by 2030, with a compound annual gr

On March 9, 2026, Universal Health Services, Inc. (NYSE: UHS), one of the largest hospital and behavioral health care providers in the United States, announced a definitive agreement to acquire Talkspace, Inc. (NASDAQ: TALK), a leading teletherapy and digital mental health platform, at $5.25 per share in cash—representing a total enterprise value of approximately $835 million.

The med spa and aesthetic medicine segment of the overall general wellness industry has experienced significant growth over the past decade. Increasing demand for non-invasive aesthetic treatments, such as Botox, laser skin treatments, and body contouring, have propelled the sector, leading to an uptick in M&A. With the increasing popularity of GLP-1s, many med spas have diversified their services to include weight-loss management, another fast-growing market segment, while o

On March 2, 2026, Select Medical Holdings Corporation (NYSE: SEM) announced a definitive agreement to be taken private by a consortium led by Executive Chairman and Co-Founder Robert A. Ortenzio, Senior Executive Vice President Martin F. Jackson, and private equity firm Welsh, Carson, Anderson & Stowe (WCAS) at $16.50 per share in cash, representing an enterprise value of approximately $3.9 billion.

The occupational health industry has experienced steady low- to mid- single-digit growth over the past several years and is projected to continue expanding steadily in the coming decade. According to one source , the global market is forecast to reach $5.94 billion by 2030, growing at a CAGR of 3.4% from 2024-2030, while another source forecasts a 5.86% CAGR from 2024-2032 for the U.S. market, specifically. Key Growth Drivers Key growth drivers for the industry include the fo

On February 17, 2026, Danaher Corporation (NYSE: DHR), a global science and technology innovator, announced a definitive agreement to acquire Masimo Corporation (NASDAQ: MASI), a leading specialty diagnostics provider of pulse oximetry and patient monitoring solutions, for $180 per share in an all-cash transaction representing a total enterprise value of approximately $9.9 billion, a premium of approximately 38% to Masimo's prior closing price.

On February 2, 2026, Tenet Healthcare Corporation (NYSE: THC) announced the completion of a strategic transaction with CommonSpirit Health that returns Conifer Health Solutions to full Tenet ownership. Under the agreement, CommonSpirit will pay Tenet approximately $1.9 billion over three years, while Conifer will pay CommonSpirit approximately $540 million to redeem its 23.8% equity stake, effective January 1, 2026. The total deal value, including cash payments, balance sheet

On February 2, 2026, Medical Facilities Corporation (TSX: DR) announced the sale of its 64% interest in Oklahoma Spine Hospital, LLC (OSH) to SSM Health, a nonprofit health system, for $46 million in cash. The purchase price implies a total 100% enterprise value of approximately $71.9 million. The transaction also included the concurrent sale of Medical Facilities' 51% interest in the Surgery Center of Newport Coast, LLC to Newport Orthopedic Institute for $19.5 million.