A Look at Recent Transactions Shaping the Future of Healthcare
This week's article provides a summary of recent healthcare M&A news for June 20, 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 - June 10, 2025.
3 Boomerang Capital, a healthcare-focused, lower-middle-market private equity firm, invested in Matrix Plastic Products, Inc., a leader in the development and production of complex components via specialty injection molding technologies to robotic assisted surgery, medical device, and other mission-critical markets. Read more about the investment here.
Advent International, a global private equity investor, announced that funds managed by Advent have signed a definitive agreement to invest $175M via primary and secondary for a significant minority stake in Dublin headquartered Felix Pharmaceuticals Pvt Ltd, a global Gx animal pharma player. Learn more about the agreement here.
Antares Therapeutics, a biotechnology company developing first-in-class precision medicines for cancer and other serious diseases, launched with $177M in Series A financing. The financing was co-led by Omega Funds, Atlas Venture, Lightspeed Venture Partners, BVF Partners, and Cormorant Asset Management, with participation from Vinyanshu Ventures, Abingworth, Invus, Tenmile, Vida Ventures, and Willett Advisors. Click here to learn more.
BioNTech SE and CureVac N.V. entered into a definitive Purchase Agreement pursuant to which BioNTech intends to acquire all of the shares of CureVac, a clinical-stage biotech company developing a novel class of transformative medicines in oncology and infectious diseases based on messenger ribonucleic acid. View the announcement here.
Capital Rx, an alternative pharmacy benefit manager and administrator, is acquiring Amino Health, a care navigation company. Read more about the acquisition here.
CoverMyMeds acquired RxLightning, a company that has specialized in expediting patient support program enrollment in the health tech space, along with FastAuth, a startup based out of Northeast Ohio that has built a platform to automate and optimize the medical prior authorization process. Click here to learn more.
Datavant, a health data platform company, signed an agreement to acquire Ontellus, a provider of health records retrieval and claims intelligence from Aquiline, a private investment firm specializing in financial services and technology and Capstreet, a Houston-based lower middle market private equity firm. Learn more about the agreement here.
Elevation Oncology, an oncology company focused on the discovery and development of selective cancer therapies to treat patients across a range of solid tumors with significant unmet medical needs, entered into a definitive merger agreement with Concentra Biosciences, whereby Concentra will acquire Elevation Oncology for $0.36 in cash per share of Elevation Oncology common stock. Click here for more on the agreement.
Ellipsis Health, the pioneer in emotionally intelligent AI for healthcare, closed its $45M Series A funding round, led by Salesforce, Khosla Ventures, and CVS Health Ventures. Previous investors, Mitsui Global Investment, Collier, E12, and AME Cloud Ventures, also participated in the round. Read the press release here.
EqualizeRCM, a provider of Revenue Cycle Management (RCM) solutions for healthcare organizations, completed its acquisition of Management Resource Group, an established RCM firm with expertise in multispecialty billing and coding. Learn more about the acquisition here.
H.I.G. Capital, a global alternative investment firm, announced that one of its affiliates has completed the acquisition of ITH Group Limited, a UK provider of aseptic pharmaceutical compounding services, in partnership with its founders Adam Bloom and Karen Hamling. Read more about the acquisition here.
Lightship and Circuit Clinical announced their strategic merger, forming a leading, unified force in clinical trial delivery. View the announcement here.
MRO, the leading clinical data exchange company in healthcare, announced the acquisition of Q-Centrix, a leading enterprise clinical data management platform, enabling hospitals and health systems to turn fragmented clinical data into actionable information. TripleTree served as exclusive financial advisor to MRO for this transaction. Click here for more on the acquisition.
NextGen Healthcare, a provider of innovative, cloud-based healthcare technology solutions, announced that funds affiliated with Madison Dearborn Partners, a private equity investment firm based in Chicago, completed their acquisition of a significant ownership position in NextGen Healthcare. Thoma Bravo, a software investment firm, retains a significant ownership position in NextGen Healthcare. Read the press release here.
Nicoya Lifesciences, a provider of advanced biologics characterization tools for drug discovery and development, acquired Applied Photophysics, a UK-based provider of biophysical characterization instrumentation. Learn more about the acquisition here.
Outcomes4Me, the developer of the leading, direct-to-patient, AI-driven platform transforming the cancer-care experience, announced that its German affiliate Outcomes4Me Germany GmbH has acquired the assets associated with the Mika Health app from Berlin-based Fosanis GmbH. View the announcement here.
SRM Equity Partners, an operationally focused private equity firm, acquired RF Technologies, a provider of advanced safety and security technology solutions for Healthcare and Senior Living. Read more about the acquisition here.
Venture Medical, a leader in wound care solutions, acquired certain assets of ProgenaCare Global, a biotechnology company known for its innovative, keratin-based wound healing technologies, including ProgenaMatrix® and intellectual property underlying an expected future product line. Read the press release here.
VeraNorth has acquired RN Express Registry, a New York-based clinical staffing company. Founded in 2009, RN Express is a top provider of nursing personnel in Manhattan, with recurring revenue and significant growth potential. Click here to learn more.
White Cloud Therapeutic Services, a provider of individual and group mental health services in Williamsburg, Virginia, has been acquired by St. James RVA, a strategic buyer in the healthcare field. Learn more about the acquisition 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.
