A Look at Recent Transactions Shaping the Future of Healthcare
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 24, 2025.
Abridge, a provider of ambient listening technology for clinical documentation to more than 150 health systems, has raised $300M to bring its valuation to $5.3B. The series E funding round led by venture capital firm Andreessen Horowitz will allow Abridge to build new products, including software to help with medical billing. Click to read more.
American Premier Home Health, Hospice, and Palliative Care, a provider of home health, hospice, and palliative care services across the greater Phoenix area, has been acquired by h/care, a health care management organization that builds out its footprint using a hub-and-spoke model, in which they establish a foothold in a key market and expands into adjacent communities. Read more about the acquisition here.
Americollect, a provider of patient engagement solutions for healthcare providers, has been acquired by GetixHealth, a provider of revenue cycle management (RCM) solutions provided to the healthcare industry and portfolio company of H.I.G. Capital. Learn more about the acquisition here.
Arine, an AI-driven medication intelligence platform, announced a $30M Series C funding round. Town Hall Ventures, known for backing transformative healthcare solutions, led the round with participation from Kaiser Permanente Ventures and other existing investors. Read the press release here.
BBHA Insurance Services, an independent marketing organization based in Fallbrook, California, and led by Cecelia Brown, has announced its partnership with Integrity, a distributor of life and health insurance, and provider of wealth management and retirement planning solutions. View the announcement here.
Casex, a Latin American manufacturer of ostomy and wound care products, has been acquired by Gentell, the largest vertically integrated wound care company in the world. Read more about the acquisition here.
CCA Holding Company has sold its Michigan-based value-based care operations to Aledade, the nation’s largest network of independent primary care. View the announcement here.
Certify, a provider data management vendor, announced a $40M Series B funding round led by Transformation Capital, with continued backing from General Catalyst and Upfront Ventures and new support from SemperVirens. Read the press release here.
Christopher McGhee, the cofounder and former CEO of Current Health, has reacquired the company from Best Buy. Click here to learn more.
Decisive Consulting, a United Kingdom-based market access consultancy that solves pricing, access, value, portfolio design, launch strategy, partnership strategy, and policy development issues of pharmaceutical and biotech organizations, has been acquired by Herspiegel Consulting, a United States-based consulting firm specializing in the pharmaceutical, biotech, and medical device industries and a portfolio company of DFW Capital Partners. Read more about the acquisition here.
Demers Braun Crestline Medix, one of North America’s largest ambulance manufacturers with a strong presence across the U.S., announced its sale to J.B. Poindexter, a privately held North American manufacturing leader serving the commercial vehicle and specialty manufacturing industries. Learn more about the announcement here.
Diagnostic Technology Consultants, a provider of diagnostic medical physics and radiation safety services in Kansas, Missouri, and Florida, announced its acquisition by One Physics, the largest outsourced medical physics services company in North America, backed by Blue Sea Capital. Read the press release here.
Dunes Hospice, an Indiana-based operator of a hospice care service for end-of-life support and comfort, has been acquired by New Day Healthcare, a provider of hospice, home health, pediatric and personal care to roughly 180,000 patients annually. Click here for more on the acquisition.
Eye Care of Delaware, a primary care provider in Maryland, has been acquired by Vision Innovation Partners, a leading Mid-Atlantic eye care platform with 68 locations and a portfolio company of Gryphon Investors. Learn more about the acquisition here.
First Medical Associates, a provider of eye surgery and related treatments in the Mid-Atlantic area, announced a strategic investment from Latticework Capital Management, a growth oriented private equity firm focused on partnering with entrepreneurially-minded management teams to build leading healthcare companies. Learn more about the investment here.
Fort Bend Dental (FBD), a provider of dental services in Houston, Texas, has been acquired by Innovate 32, a growth-oriented dental services organization. View the announcement here.
GCM, an outsourced manufacturer of complex precision components for high-growth medical technology end markets, has secured a single asset continuation fund closure via their financial sponsor, Avista Healthcare Partners, a private equity firm focused exclusively on healthcare, announcing the successful close of Avista Healthcare Partners CV II, L.P. The continuation fund, managed by Avista, is anchored by commitments from funds managed by Secondaries at Goldman Sachs Alternatives, with additional investments from funds managed by BlackRock Secondaries & Liquidity Solutions. Click here to learn more.
Healthcare Cost Solutions (HCS), a nationally recognized leader in coding audit and health information management (HIM) services with a focus on technology-enabled compliance solutions, has been acquired by Coker, a national healthcare consulting firm and portfolio company of Trinity Hunt Partners. Read more about the acquisition here.
Impact BioMedical, a Texas-based biopharmaceuticals developer, has been acquired by Dr Ashley's, a Hong Kong-based global pharmaceutical company. Learn more about the acquisition here.
Lakeside Comprehensive Rehabilitation, a provider of expert rehabilitation services dedicated to delivering personalized, high-quality care, announced its partnership with Ivy Rehab, a national leader in outpatient musculoskeletal rehabilitative and pediatric therapy services. Click here for more on the partnership.
The Marena Group, a global provider of compression garments, shapewear, and activewear sold to plastic surgery centers, hospitals, medical centers, patients, and consumers, has received an investment from CenterGate Capital, an Austin, Texas-based private equity investment firm. Learn more about the investment here.
MD Revolution, a platform for chronic care management and remote patient monitoring, has been acquired by CoachCare, a remote care company. Click here to learn more about the acquisition.
MedNet, an expert in RCM services for Durable Medical Equipment (DME) and physician specialty practices, announced its investment from EqualizeRCM, a leader in helping healthcare providers maximize performance through its suite of Revenue Cycle Management (RCM) solutions. View the announcement here.
MPP Group, a contract analytical services and product research and development company, has been acquired by Milwaukee Capital Partners, a private equity firm based in the Midwest, in an all-cash deal. Read more about the acquisition here.
Neuron23, a clinical-stage biotechnology company focused on developing precision medicines for genetically defined neurological and immunological diseases, today announced the closing of a $96.5M Series D financing round led by a healthcare investor, with significant support from existing investors Westlake Village BioPartners, SoftBank Vision Fund 2, Redmile Group, Blue Owl, Kleiner Perkins, HBM Healthcare Investments (Cayman) Ltd., and Acorn Bioventures. Read the press release here.
Norris Dermatology and Laser Northwest, a dermatology practice delivering general dermatologic care based in Portland, Oregon, announced a strategic partnership with Epiphany Dermatology, a national provider of dermatologic care. Learn more about the announcement here.
Northwest Orthopaedic Specialists, an orthopedic practice with 23 physicians and five locations, has been acquired by PELTO Health Partners, a physician-owned and led organization driven to innovate and standardize products that create value for independent physician practices. Click here for more on the acquisition.
Oakwood Treatment Center, a Psychiatric Residential Treatment Facility (PRTF), has been acquired by Acute Behavioral Health, a behavioral health provider for young people that provides innovative evidence-based care. View the announcement here.
OrthoCellix, a clinical-stage company developing regenerative cell therapies for orthopedic diseases and wholly-owned subsidiary of Ocugen, has entered a definitive agreement to be acquired by Carisma Therapeutics in an all-stock transaction. Read the press release here.
The Perinatal Group, a premier and trusted leader in maternal fetal medicine (MFM) care in Tennessee and Kentucky, announced its partnership with Together Women's Health, a women’s health-focused management service organization, committed to partnering with leading physicians to build a premier network of women’s health services in the U.S. Click here to learn more.
Plasma Services Group, a provider of disease state plasma for the in vitro diagnostic industry, has been acquired by Fujirebio Diagnostics, a global R&D-driven company constantly developing new IVD testing technologies and unique biomarkers. Read more about the acquisition here.
SomaLogic, a leader in data-driven proteomics technology, and other specified assets, has been acquired by Illumina, a biotechnology company that develops integrated tools for large-scale genetic analysis, for $350M in cash payable at closing, subject to customary adjustments, plus up to $75M in near-term performance-based milestones and performance-based royalties. Learn more about the acquisition here.
Switch RCM, a healthcare revenue intelligence company, has been acquired by Knowtion Health, a healthcare revenue cycle company and portfolio company of Arsenal Capital Partners. Click here for more on the acquisition.
Validate Health, a healthcare analytics business that enables healthcare providers and Accountable Care Organizations (ACOs) to better manage costs, risk, and performance, has announced an agreement to be acquired by Oliver Wyman, a global leader in management consulting and a business of Marsh McLennan. Click here to learn more.
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.
