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.
Arkstone, a provider of machine learning and AI-driven infectious disease clinical decision support and antimicrobial stewardship, has announced its acquisition by ARCHIMED, a private equity firm specializing in the healthcare sector. Learn more about the acquisition here.
ARTBIO, a clinical-stage radiopharmaceutical company developing a new class of alpha radioligand therapies (ARTs) to treat a range of cancers, announced the closing of a $132M Series B financing co-led by new investors Sofinnova Investments and B Capital, along with a life sciences dedicated investment fund that invested previously. View the announcement here.
Assessment Assist AI, a company founded to create AI solutions tailored for mental health professionals, has been acquired by PAR, a psychological assessment tools company. Read more about the acquisition here.
CerpassRx, a PBM that focuses on prescription optimization, flexible formulary designs, personalized member support, and efficient mail and specialty pharmacy programs, has been acquired by LucyRx, a PBM focusing on delivering better outcomes through its integrated specialty network, formulary marketplace, and next-day home delivery solutions. View the press release here.
Community of Nevada Diagnostics, a provider of mobile imaging services, has been acquired by Integrated Diagnostic Services (IDS), a mobile diagnostics company. Read more about the acquisition here.
DURECT Corporation, a provider of a novel therapeutic molecule, larsucosterol, which can harness the power of epigenetic modulation, has been acquired by Bausch Health Companies, a diversified American-Canadian pharmaceutical company. Learn more about the acquisition here.
Enzyme, a quality management system (QMS) company for life sciences organizations, has been acquired by Greenlight Guru, a provider of software solutions for the entire medical device lifecycle. Read the press release here.
HealthCare Royalty Partners (HCRx), a biopharma royalty acquisition company, has been acquired by KKR. Read more about the acquisition here.
HealthMark Group, a provider of clinical information exchange solutions for healthcare providers, has received a strategic growth investment from TA Associates. Learn more about the growth investment here.
Health Partners, a UK-based provider of B2B occupational healthcare services, announced a partnership with Warburg Pincus. View more about the partnership here.
Integra Medical Consulting, an independent medical evaluation (IME) provider based in Canada, announced a strategic combination with MDpanel, a provider of expert medical opinions. Read more about the strategic combination here.
Intelligent Retinal Imaging Systems (IRIS), a company focused on cloud-based retinal screening technology, has been acquired by Topcon Healthcare, a company focused on digital health and ocular data solutions. Learn more about the acquisition here.
Lil’s Dietary, a provider of medical and low-protein foods specializing in the needs of individuals with inborn errors of metabolism, has been acquired by ZOIA Healthcare, Inc., a Pentec Company. View the announcement here.
MapLight Therapeutics, a clinical-stage biopharmaceutical company focused on improving the lives of patients suffering from debilitating central nervous system disorders, announced a $372.5M Series D financing. The financing was co-led by Forbion and Life Sciences at Goldman Sachs Alternatives. Read more about the financing here.
MedCost, a North Carolina-based TPA and proprietary PPO network, has been acquired by HPI, a TPA in self-funded health plan solutions. Learn more about the acquisition here.
Medin Technologies, a U.S.-based manufacturer of sterilization cases and trays for the orthopaedic sector, has been acquired by Straits Orthopaedics, a Malaysia-based contract manufacturer specializing in the precision machining of orthopaedic implants and surgical instruments. View the press release here.
Orchard Software, a portfolio company of Francisco Partners and leader in the laboratory information system industry, has been acquired by Clinisys, a provider of intelligent laboratory informatics solutions. Read more about the acquisition here.
OrthoFundamentals, a company that focuses on innovative implants and sterile-packed, single-use instrument kits for SI Joint Fusion, has been acquired by Demetra Acquires, an international medical company and leader in providing bone cements, spacers and biomaterials for orthopedic applications and PJI infection control. Learn more about the acquisition here.
Performant Healthcare, a provider of technology-enabled payment integrity, eligibility, and related analytics services, announced its entry into a definitive agreement to be acquired by Machinify, a healthcare intelligence leader and portfolio company of New Mountain Capital, which has agreed to acquire Performant for approximately $670M. View the announcement here.
Regis Technologies, a United States-based Contract Development and Manufacturing Organization, has been acquired by ESTEVE, a global pure-play third-party CDMO. Read more about the acquisition here.
RockStep Solutions, a cloud-based software solution for non-GLP preclinical study management, has been acquired by Instem, a supplier of SaaS platforms across discovery, study management, regulatory submission and clinical trial analytics. Learn more about the acquisition here.
Tek-Matic, a lab automation solutions provider, has been acquired by Flow Control Group, a KKR portfolio company. View the press release here.
Wakefield Moving & Storage, a commercial moving and storage company of pharma equipment, has been acquired by Tobin Scientific, a premier provider of cGMP storage, cold chain services, and specialized logistics for the life sciences industry. Read more about the acquisition here.
Wisconsin Institute of Urology, the largest independent urology practice in Wisconsin, has been acquired by ThedaCare, a non-profit healthcare system. 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.
To view previous healthcare M&A activity, please review the last post: Healthcare M&A Weekly - July 31, 2025.
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.
