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Healthcare M&A and Valuation
News and Insights


Cardinal Health Acquires Solaris Health (~19.2x EBITDA)
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+
Aug 16, 20252 min read


Primary Care Physician Practice Valuation Multiples and M&A Trends 2025
The primary care industry serves as the cornerstone of the healthcare system, providing essential, first-contact medical services to individuals and families across a wide range of demographics. Primary care physicians (PCPs), including family practitioners, internists, pediatricians, and geriatricians, focus on preventive care, chronic disease management, and acute illness treatment. The industry is increasingly shifting toward value-based care models, driven by healthcare r
Jul 29, 20255 min read


Cencora Acquires Retina Consultants of America for $4.6b (15x to 23x EBITDA)
Healthcare drug distributor Cencora has purchased Retina Consultant of America for $4.6 billion. RCA is (by far) the largest MSO in the...
Nov 8, 20242 min read


Anesthesia EBITDA Multiples: CRH Medical Corporation Acquisition
CRH Medical Corporation announced it was being acquired by Well Health Technologies Corp. on February 8, 2021 for $4 per share, implying...
Mar 6, 20211 min read
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