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Healthcare M&A and Valuation
News and Insights


Specialty Hospital M&A | Select Medical Taken Private by WCAS (~9.2x EBITDA / 0.72x Revenue)
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.
Mar 22 min read


Home Health & Hospice M&A | Enhabit Acquired by Kinderhook Industries (~10.7x EBITDA / 1.05x Revenue)
On February 23, 2026, Enhabit, Inc. (NYSE: EHAB), a leading national home health and hospice provider, announced a definitive agreement to be acquired by Kinderhook Industries, LLC, a middle market private equity firm, in an all-cash transaction for a total enterprise value of approximately $1.1 billion. Enhabit stockholders will receive $13.80 per share in cash, representing a premium of approximately 24.4% to the closing stock price on February 20, 2026.
Feb 232 min read


Diagnostics M&A | Masimo Acquired by Danaher (~21.2x EBITDA / 6.5x Revenue)
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.
Feb 172 min read


Surgical Hospital M&A | Oklahoma Spine Hospital Acquired by SSM Health (~7.0x EBITDA / 0.90x Revenue)
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.
Feb 22 min read


Private Duty M&A | TEAM Services Acquired by General Atlantic (~11.5x EBITDA)
In January 2026, General Atlantic, a leading global growth equity firm, completed its acquisition of TEAM Services Holding, Inc., one of the largest providers of Medicaid-funded personal care and consumer-directed home care services in the United States, in a transaction valued at approximately $2.76 billion. Financial details were disclosed in bond rating reports from S&P Global Ratings and Fitch Ratings published in connection with financing for the transaction.
Jan 152 min read


Hospital System M&A | Nebraska Medicine / University of Nebraska Merger (~5.7x EBITDA / 0.63x Revenue)
On January 2, 2026, the University of Nebraska and Nebraska Medicine announced the completion of a historic transaction in which Clarkson, a legacy nonprofit health system, resigned its membership in Nebraska Medicine, effectively transferring its 50% governance interest to the University of Nebraska. The purchase price for Clarkson's 50% interest was $800 million, plus the assumption of outstanding debt and capital lease obligations of approximately $320.4 million as of June
Jan 62 min read


Tenet Divests Two More Facilities in California (~14.5x EBITDA)
In a move indicative of a larger trend in healthcare consolidation, Tenet Healthcare Corporation (NYSE: THC) announced a definitive...
Mar 1, 20241 min read


R1 RCM Acquires Providence's Acclara (29x EBITDA)
R1 RCM Inc., a leading provider of technology-driven revenue cycle management solutions for healthcare providers, announced today that it...
Dec 6, 20232 min read


AMETEK's Acquisition of Paragon Medical (~15.2x EBITDA)
AMETEK, Inc. (NYSE: AME) announced it has entered into a definitive agreement to acquire Paragon Medical, a provider of highly...
Nov 1, 20232 min read


Healthcare Revenue Cycle Management (RCM) EBITDA Multiples: CPSI Acquires Viewgol
In a strategic move to fortify its position in the ever-evolving healthcare technology sector, CPSI (Computer Programs and Systems,...
Oct 18, 20231 min read


Healthcare EBITDA Multiples - 2023 Overview
Scope Research maintains what we believe to be the largest and most reliable database of private healthcare M&A transactions with...
Sep 21, 20233 min read


Behavioral Health Valuation Multiples: Embark Behavioral Health Acquired (12x to 15x EBITDA)
Consonance Capital Partners acquired a majority stake in Embark Behavioral Health, a provider of integrated behavioral health services...
Feb 10, 20231 min read


Healthcare Services M&A Valuations: Decade Review
Scope Research's Healthcare Services M&A Valuations 2010 - 2019 details some of our insights from the past decade of collecting price to...
Apr 7, 20221 min read


Healthcare RCM EBITDA Multiples: PE firms Invest in Bon Secours Mercy's Ensemble (~16.7x EBITDA)
Ensemble Health Partners, a provider of technology-enabled revenue cycle management solutions for health systems, including hospitals and...
Apr 1, 20222 min read


Medical Device CDMO EBITDA Multiples: Intricon Acquired by Altaris (~17x EBITDA)
On February 28, 2022, Altaris Capital Partners, a private equity firm focused on the healthcare industry, announced the acquisition of...
Mar 1, 20221 min read


Medical Device CDMO EBITDA Multiples: Elos MedTech Acquired by TA (~13.9x EBITDA)
In June 2021, TA Associates, a global private equity firm, announced a strategic growth investment in Elos Medtech, a leading contract...
Jul 9, 20211 min read
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