Healthcare mergers and acquisitions continue as healthcare providers, medical technology companies, payers, and other industry players look to expand their businesses and gain a competitive edge. Here’s a roundup of new deals revealed, completed, rumored, and canceled during June.
provider
rise Signs $3.9 billion deal to acquire outpatient surgery management services company amsurgestablished a leading nonprofit system as the third largest ASC platform in the country with over 300 locations. The deal comes shortly after Ascension entered into an agreement with the Federal Trade Commission to greenlight the deal, with the condition that competition could be reduced as long as regulators sell seven ASCs on the market. Six of the properties were sold to a subsidiary of Optum, and the remainder were sold to a physician group that is a minority shareholder in ASC.
Select Medical HoldingsThe company, a leading operator of critical care hospitals, rehabilitation hospitals and outpatient clinics across 38 states, has signed a deal to go private worth $3.9 billion. The company was acquired by a consortium of company executives and existing investors led by private equity firm Welsh Carson Anderson & Storr. The company’s outstanding shares were purchased for $16.50 per share, an 18% premium to the stock price, shortly before the plan was announced in November.
regional medical system Completed sale of four Northwest Health hospitals freeman health system. The Arkansas facility operates $110 million, excluding certain transaction costs, and doubles the Missouri-based system’s hospital count.
West Virginia University Health Systemabsorption plan independent health systema five-hospital organization in western Pennsylvania, has moved forward with a final contract. The deal will bring WVU Health System to a total of 30 hospitals at the expense of an agreed-upon $800 million investment in the Independence facility. The companies expect the merger to close in late September or early October, pending regulatory approval.
Scion Health Eight community hospitals were handed over to sister systems. life point health. Financial terms were not disclosed. The acute care hospitals involved are located in Idaho, Mississippi, Tennessee, Texas, West Virginia, and Wisconsin, and vary in bed capacity from a few dozen beds to more than 100.
Banner health plans to sell one of its rural California hospitals, Banner Lassen Medical Center, to an affiliated company. whose health The amount is not disclosed. The deal is expected to close in December, pending regulatory approval, and will add a 12th hospital and a second California facility to the quorum.
baptist health obtained South Arkansas Regional Hospitala 151-bed facility in Arkansas that currently stands as the system’s 13th hospital. Financial terms of the deal, which was first announced in March, were not disclosed.
baptist memorial health care will operate the 134-bed Merit Health Rankin Hospital in the second half of this year. regional medical system Membership was decided by the County Commission. The deal includes a $70 million investment from Baptist and a commitment to hire all current staff.
hunterdon health and Hackensack Meridian Health Signed a letter of intent to consider a merger. The former is a community-based nonprofit organization with more than 30 medical practices and its flagship hospital, Hunterdon Medical Center. The latter is one of New Jersey’s largest systems with 18 hospitals. The organizations have not disclosed a definitive agreement or a timeline for a potential transaction completion.
Encore Medical Centera 53-bed facility currently operated by the Arkansas Heart Hospital, will be leased and operated by the Arkansas Heart Hospital. University of Arkansas for Medical Sciences The university’s board of trustees voted to approve it starting Oct. 1. Real estate investment firm Landes Group is expected to acquire the property later this summer and will serve as the lender.
gosen health concluded a partnership agreement with Parkview Healtha final decision is expected to be made this fall, pending regulatory approval. Terms for 15-hospital Parkview to absorb the 105-bed Indiana facility were not disclosed.
UNC Health reportedly on track to take control of the Onslow Memorial Hospital, The integration will be phased in over four years and includes a $150 million investment commitment from UNC Health.
Wellstar Health System concluded a purchase agreement Mountain Lakes Medical Centera 25-bed critical access hospital in the system’s home state of Georgia. The deal is expected to close on August 1, pending regulatory approval.
Novant Health obtained Stokes Regional Hospitala 53-bed critical access hospital that also includes a 40-bed nursing home and other North Carolina outpatient facilities.
Fairfield Medical Center We are currently negotiating to participate. adena health After a prior pending arrangement with OhioHealth failed. The independent community health system and Adena agreed to a non-binding letter of intent but did not provide a timeline for any agreement.
Aveana Healthcare HoldingsHome care platform based in 38 states enters cash deal to acquire pediatric home health provider Family First Holdings $175.5 million. The pickup expands Avianna’s geographic footprint to seven states and subsequently revise the buyer’s full-year outlook to include Family First’s $70 million revenue outlook.
ellis medicine and St. Peter’s Health PartnersEllis Medicine, part of Trinity Health, has mutually agreed to cease consideration of a potential merger, with a letter of intent signed retroactively to 2020. A management services agreement and a professional services agreement between the two companies will also be allowed to be concluded on August 16th. Ellis Medicine is reportedly currently considering a deal with Albany Med Health System.
east alabama health I immediately took over operations and management. Bullock County Rural Emergency Hospital To maintain the service after the previous operator exited on June 1st.
HCA Healthcare Agreed to sell 31 home health and hospice agencies. Deacon Association The amount is not disclosed. The facility spans eight states and will become part of Central Pyramid, a Deaconess subsidiary that operates home health and hospice agencies.
HCA Healthcare It also acquired 17 urgent care clinics. Emergency treatment group The amount has not yet been disclosed. The facility is located in the Carolinas and currently operates under the HCA CareNow (South Carolina) brand name or the former Medac brand name (North Carolina).
jenny stuart healthThe western Kentucky company, part of Deaconess Health System, has acquired six medical practices for an undisclosed amount.
payer
Lucy Rx and cover plans to merge during the third quarter to create a new alternative pharmacy benefits manager serving more than 9 million members. Pending regulatory approval, the partnership will create a new company called Healthcare Revolution Partners, which the companies say will be “the only modern independent PBM with the track record and scale to serve both commercial and government programs.”
humana announced its intention to sell a minority stake in Gentiva, the nation’s largest end-of-life care provider valued at approximately $900 million. The transaction is expected to close in the third quarter, pending regulatory approval. The investors involved have not been disclosed.
technology
him and her Completes $1.2 billion acquisition plan for Australian digital health company eucalyptus. The deal allows D2C companies to expand into new international markets such as Australia and Japan, or into existing countries such as the UK, Germany and Canada.
health catalyst Plans to sell Vitalware, an interim revenue cycle business unit that includes chargemaster management and price transparency, to a revenue cycle management vendor medical metrics For $147 million in cash. Health Catalyst said the sale strengthens its balance sheet and allows it to focus more on priority areas of its business.
WPSWisconsin insurance company acquires digital mental and reproductive health company mavida health The amount is not disclosed. WPS, which portrays the deal as part of a broader revenue diversification strategy, said it plans to extend Mavida’s license to Wisconsin so members can access the service.
elation healthAcquired technology-enabled primary care company asterWomen’s Health, for an undisclosed amount to the manufacturer of an AI-native EHR. The deal gives Elation new expertise in autonomous AI agents as it aims to develop software for primary care.
clarify healtha technology-enabled outcomes and intelligence company, has acquired Loyal Health Holdings, whose platform processes patient search and real-time scheduling transactions. Terms of the deal were not disclosed, but Clarity said it will “build the industry’s first closed-loop network intelligence engine, a single platform that identifies where patients need care, routes them to the right provider, and measures whether it’s working.”
Elsevier, a decision support and medical content platform, has acquired Wellsheet, which aggregates patient data from EHRs to uncover relevant information at the point of care. Terms of the transaction were not disclosed.
Chronic care management service provider ChartSpan acquires remote patient monitoring company valid The amount is not disclosed. This acquisition expands ChartSpan’s potential customer base and enables it to offer Validic’s established data infrastructure and device logistics product line to other healthcare customers.
a person with foresight, Healthcare data and improvement company acquires health IT advisory firm Empierce. Vizient said the pickup strengthens its ability to address a $55 billion spending area for providers, without disclosing terms of the deal.
Azara Healthcare, Population health and value-based care company targeting safety-net provider customers acquires public benefits and enrollment platform rights protection The amount is not disclosed. Azara said he expects to see significant demand for these capabilities as Medicaid coverage changes make uncompensated care an increasing threat to providers’ finances.
med metricsRevenue cycle management vendor shares acquisition plans can aid Pursuing new automation and Medicaid eligibility and enrollment capabilities. CanAid is owned by HCAP Partners, and terms of the deal were not disclosed.
AMN HealthcareStaffing company acquires AI medical interpretation and translation tool maker jade health The amount is not disclosed. This agreement will enhance AMN language services and enhance not only face-to-face care, but also pre- and post-face communication.
compliance group Acquired a peer healthcare compliance technology company health The amount is not disclosed. The acquirers said the partnership will allow healthcare customers to receive end-to-end compliance support from a single vendor.
Hurona global professional services company, acquires an AI clinical and patient access solutions company related care The amount is not disclosed. The company’s tools and capabilities help shape Huron’s managed services for healthcare customers.
military healtha digital therapeutics and mental health care provider, has reportedly been acquired. psycho plusan undisclosed amount to a mental health group.
