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 that were revealed, completed, rumored, or canceled during February.
provider
CommonSpirit Health sold 23.8% of its shares. Tenet Healthcare‘s revenue cycle management subsidiary, Conifer, for $540 million, but that funding has already been depleted to offset the first of a series of payments totaling $1.9 billion agreed to terminate ongoing revenue cycle management agreements. Executives say closing the 20-year agreement early, before it closes in 2032, will allow CommonSpirit to bring work in-house to reduce costs, but the large nonprofit will pay Tenet hundreds of millions of dollars over the next three years.
inhabitThe company, which operates 249 home health facilities and 117 hospices, will be taken private in a $1.1 billion all-cash acquisition by a private equity firm. Kinderhook Industries. The transaction is expected to close in the second quarter of this year and comes approximately four years after Enhabit was spun off from Encompass Health. The companies said EnHavit will receive more resources and expertise under its new ownership, supporting long-term investments in its people, clinical excellence and innovation.
regional medical system Sold 80% interest in two joint ventures for $600, Vanderbilt University Medical Center. These joint ventures own and operate Tennova Healthcare – Clarksville, a 270-bed, 1,100-staff hospital, and other ancillary businesses in major cities in Tennessee.
regional medical system Also signed a deal to sell Commonwealth Health, which has three hospital systems, to a nonprofit organization. tenor health foundation. Under the agreement, Tenor paid $33 million in cash and a $15 million promissory note, with additional cash payments available depending on the collection of certain patient receivables over the next 90 days.
central maine healthcareThe three-hospital system has joined Prime Healthcare Foundation, a nonprofit philanthropic organization. prime healthcare. This agreement expands Prime Healthcare Foundation’s footprint to 21 hospitals nationwide.
HCA Healthcare Medical City Healthcare, a subsidiary with 22 hospital systems, acquires 13 hospitals. community med Urgent Care Center in Texas. Financial terms were not disclosed, but the deal will expand Medical City Healthcare’s urgent care network into a new market with a total of 95 locations.
henry ford health The Madison Heights hospital has announced plans to move “as early as this spring.” Trillium health management. The latter plans to transition the hospital into a 75-bed inpatient behavioral health hospital.
Kaleida Health”Bradford Regional Medical Center Lake Erie College of Osteopathic MedicineThe two parties are reportedly in talks to reach a potential agreement. Kaleida announced plans this month to close some of the hospital’s services.
payer
humanaCenterWell enters into agreement to acquire primary care provider MaxHealth from private equity firm arsenal capital partners. Financial terms were not disclosed, but the deal reportedly values MaxHealth at $1 billion. The company includes approximately 80 clinics and provides treatment to more than 120,000 patients.
hundreds of We have entered into an agreement to sell the remainder of Magellan Health. Madison Health Group. The insurer previously sold Magellan’s pharmacy division, Magellan Rx, and its Magellan Specialty Health division.
SignaAcquired by Evernorth Care Pass Rxpharmacies dispensing to hospitals and health care systems. The company had already held a minority stake after partnering in 2023.
Blue Cross Blue Shield of Michigan is an AF Group subsidiary that provides workers’ compensation and specialty insurance products. anstar group. Financial terms of the transaction, which is expected to close in the fourth quarter, were not disclosed.
health tech
fieldPatient monitoring medical technology company to be acquired for $9.9 billion. Danaher Corporation. Masimo executives said the deal was an “ideal match” that “strengthens our ability to expand our surveillance technology globally.” Masimo will operate as an independent company within Danaher’s Diagnostics division, Danaher said. The transaction is being funded with cash on hand and new debt financing.
him and her We acquire an Australian digital health company and grow our international presence eucalyptus and its brand. The transaction for the consumer health and wellness platform is expected to close in the middle of this year and is valued at approximately $1.2 billion.
rev springHealthcare payment tools vendor acquires integrated payment platform provider trust commerce. This agreement increases RevSpring’s scale and strengthens its integrated payments capabilities. Financial terms were not disclosed.
R1 RCM 340B’s referral acquisition business par8o sold to technology-enabled pharmacy solutions company Nuvem Rx. Financial terms were not disclosed. NuvemRx said the partnership expands services for covered entities by helping them acquire specialty referrals, retain patients, comply with reporting policy changes, and increase cost savings.
rippleAcquired dementia care platform aimed at keeping elderly people at home port healthis a Texas-based direct primary and specialty care provider that recently launched an insurance plan. Financial terms were not disclosed, but the announcement highlighted that Ripple’s existing investors have committed to providing new funding to the combined company.
Purviewa cloud-based medical imaging company, has been acquired. health mark groupprovides clinical information exchange solutions for provider customers. Financial terms were not disclosed. HealthMark said the pickup “provides complete, timely and secure access” to medical imaging data across healthcare settings, and said the technology integration will be rolled out to existing customers in the coming months.
