A Look at Recent Transactions Shaping the Future of Healthcare
This week's article provides a summary of recent healthcare M&A news for April 30, 2025.
The healthcare industry is rapidly evolving, with the lines between the healthcare technology and services sectors blurring - creating the catalyst for innovation, transformation, and continued market activity. TripleTree's Healthcare M&A Weekly summarizes recent mergers, acquisitions, and investments shaping the future of healthcare.
To view previous healthcare M&A activity, please review last week's post: Healthcare M&A Weekly - April 24, 2025.
Canarys Automations Limited (NYSE: CANARYS), a provider of digital transformation and technology solutions, acquired a 51% stake in Fortira, a New Jersey-based enterprise specializing in Artificial Intelligence (AI), Machine Learning (ML), and data-driven technologies. Read more about the acquisition here.
CardioOne, a national growth and operational partner supporting independent cardiology practices, acquired CardioDiagnostics, an advanced cardiac monitoring platform. Click here for more more about the acquisition.
Carenet Health, an operator of a healthcare services company intended to provide affordable and accessible healthcare solutions to individuals and organizations, acquired Balto Health Services, a healthcare engagement provider with operations in the US and El Salvador. Learn more about the acquisition here.
Centauri Health Solutions, a Phoenix, Arizona-based health information technology company, acquired MedAllies, a New York-based health information service provider and qualified health information network focused on health data connectivity and clinical data exchange. View the announcement here.
Concentra Group (NYSE: CON), a provider of occupational health services, signed a definitive agreement to acquire Pivot Onsite Innovations, a provider of occupational health, wellness, prevention, and performance services, from Athletico Physical Therapy. Read the press release here.
HCAP Partners announced the first acquisition under its new imaging platform, Integrated Diagnostic Services (IDS), with the purchase of First Choice Mobile Radiology Services, a Southern California provider of mobile X-ray, ultrasound, EKG, and echocardiogram services. Click here to learn more.
Lightyear Capital completed a growth investment in King Risk Partners, a retail insurance brokerage with deep expertise in personal and commercial insurance, alongside existing shareholder BHMS Investments, which will roll a majority of its existing equity and invest additional capital, and the Company’s management team. Read more about the investment here.
Lyric, a healthcare payment accuracy and integrity solutions developer, acquired ClaimShark, an innovative payment integrity technology platform focused on enhancing integration, transparency, and precision for health plans. Learn more about the acquisition here.
OneOncology, a physician-led national platform empowering independent oncology practices, and New York Oncology and Hematology (NYOH), a physician-owned oncology practice with 60 providers treating patients at seven clinics, finalized a partnership agreement that will enhance the delivery of cancer care services across New York's Capital Region. View the announcement here.
Patterson Companies, a supplier of products and services to the dental and animal health end markets, successfully completed its acquisition by Patient Square Capital. Click here to learn more.
PCI Pharma Services, a global contract development and manufacturing organization (CDMO) focused on innovative biopharma therapies, is acquiring an entire equity stake in Ajinomoto Althea, a US-based sterile fill-finish CDMO and 100% subsidiary of Japan-based Ajinomoto Co., Inc. Read more about the acquisition here.
Principle Health Systems, a mobile diagnostic provider for the long-term care community, acquired Heartland Health Laboratory, a trusted name in clinical diagnostics. Learn more about the acquisition here.
Promptly, a developer of a web-based patient experience suite designed for medical practices to enhance patient touchpoints, increase patient payments, and automate processes to alleviate staff , announced the strategic acquisition of MDprospects and Patient Spectrum, which includes MDprospects™, MDidentity™, Referify™, and Appointec™. Read the press release here.
Reveleer, a value-based care technology platform, acquired Novillus, a provider of insight-driven care gap management and frictionless provider engagement solutions. Read more about the acquisition here.
US Pediatric Partners, a pediatric healthcare provider dedicated to serving underserved communities, has acquired Hope Services, a community-based mental health and care management provider with three locations in the greater Raleigh, North Carolina area. Click here for more about the acquisition.
Waud Capital Partners acquired MedTec Healthcare, a provider of in-home care and adult day services. This acquisition represents a significant milestone in Waud Capital's strategy to build a market-leading platform in home-based care services through its newly formed holding company, Altocare. View the announcement here.
Transactions outlined in this summary highlight some of the key trends shaping the future of healthcare. Get the latest industry news from TripleTree every week.
This is a partial list of transaction activity across the healthcare industry and is not intended to be a complete listing. Transaction information was identified from various sources and TripleTree may or may not have acted as the financial advisor for the transactions listed. All product names, logos and brands are property of their respective owners. All company, product and service names used in this communication are for identification purposes only. Use of these names, logos and brands does not imply endorsement.
