Healthcare M&A and Valuation
News and Insights

The infusion therapy market has experienced significant growth in recent years, driven by the increasing prevalence of chronic diseases,...

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

On April 21, 2025, Concentra Group Holdings Parent, Inc. (NYSE: CON), the nation’s largest provider of occupational health services, announced the acquisition of Pivot Onsite Innovations, a leading provider of employer‑based onsite health clinics, from Athletico Physical Therapy for approximately $55 million in cash and assumed adjustments. Pivot operates over 200 onsite health clinics at employer locations across more than 40 states, offering occupational health, wellness,

On April 15, 2025, Ascension Health, one of the largest nonprofit health systems in the United States, announced the acquisition of Cedar Park Regional Medical Center, a full-service acute care hospital in Texas formerly owned by Community Health Systems (CHS). Cedar Park serves a rapidly growing suburban population with comprehensive inpatient and outpatient care, including emergency services, surgical care, women’s health, and specialist physician services. For Ascension,

In March 2025, Roper Technologies announced the acquisition of Insight Partners’ CentralReach, a leading provider of web-based practice management, clinical, and data solutions for Applied Behavior Analysis (ABA) therapy and other developmental disability services. CentralReach’s integrated platform supports care providers with electronic health records (EHR), billing and scheduling, outcomes tracking, and reporting tools tailored to behavioral health and therapy practices,

On March 11, 2025, Better Choice Company, Inc. (NYSE American: BTTR) signed a binding Letter of Intent to acquire 100 % of Choice Specialty Pharmacy Group, a fully licensed U.S. provider of specialty pharmacy and infusion clinic services with an integrated sterile compounding facility, under an option purchase agreement. The transaction, which is expected to close later in 2025 following exercise of the option, strengthens Better Choice’s footprint in healthcare services alo

On March 6, 2025, Walgreens Boots Alliance, Inc. (Nasdaq: WBA) entered into a definitive agreement to be acquired by New York‑based private equity firm Sycamore Partners in a take‑private transaction valued at up to $23.7 billion in total consideration. Under the terms of the deal, WBA shareholders received $11.45 per share in cash at closing plus a non‑transferable right to receive up to an additional $3.00 per share from the future monetization of Walgreens’ interests in

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 com

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 grow

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 fol

(See our Occupational Medicine Valuation Multiples and M&A Trends 2025 report here ) Concentra, the occupational health giant recently spun off from Select Medical, announced the acquisition of Nova Medical Centers, a prominent operator of occupational medicine clinics with 67 locations i n Texas, Georgia, Tennessee, Indiana, and Wisconsin . The transaction values Nova at $265 million and is expected to be financed using a combination of cash on hand, available borrowing ca

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

In January 2025, BrightSpring Health Services, Inc. agreed to divest its ResCare Community Living business to Sevita for $835 million in cash consideration. For Sevita, the acquisition of ResCare expands its scale in the behavioral health and I/DD support markets and reinforces its footprint across community living environments. With Sevita’s existing platform of in-home and residential services for complex care populations, the addition of ResCare’s capabilities and client

On December 11, 2024, Patterson Companies, Inc. announced its acquisition by Patient Square Capital, an investment firm dedicated to the healthcare industry. Patterson is a leading distributor of dental, animal health, and rehabilitation products and supplies, with a portfolio of subsidiaries that span a broad set of product lines including dental consumables and equipment, veterinary supplies, and physical rehabilitation technologies, and is supported by a nationwide distri

Healthcare distribution conglomerate Cardinal Health announced it has acquired Advanced Diabetes Supply Group (ADSG) from private equity...

Healthcare drug distributor Cencora has purchased Retina Consultant of America for $4.6 billion. RCA is (by far) the largest MSO in the...

U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced that it has signed an...

GeBBS Healthcare Solutions, a Los Angeles-based healthcare BPO firm, is being acquired by EQT for $850 million. GeBBS provides...