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 round-up of new deals revealed, completed, rumored, and canceled during May.
provider
Sutter Health and Alina Health has taken another step toward its planned $26 billion intermarket merger with the signing of a definitive agreement. The deal, expected to close by the end of the year, will create Alina as a division of Sutter in exchange for more than $2 billion in market investments. If the deal closes, the organization will span 39 hospitals and more than 400 primary and specialty care facilities that collectively see more than 5 million patients annually.
wakemed health announced that it is considering a partnership with atrium health and its parent system, Advocate Health. The deal proposed by the North Carolina nonprofit would bring $2 billion in investment to WakeMed’s campus. The agreement faced swift pushback from local leaders concerned about increased provider consolidation, and a key vote on the issue by the Wake County Commission was postponed to allow time for consideration. After the deal was announced, WakeMed also received an unsolicited and significantly higher offer from neighboring UNC Health, which it rejected.
sanford health A new definitive agreement to pick up the Twin Cities has been announced. North Memorial Healthwhich includes a $600 million investment commitment in the latter. The deal, which is expected to close by the end of the year pending regulatory review, will see North Memorial become a subsidiary of Sanford and serve as the “anchor” for the parent company’s new Twin Cities care delivery region.
common spirit Trinity Health System, a three-hospital network in eastern Ohio, UPMC. Financial terms have not been disclosed for the pending deal, which was first surfaced last fall.
HCA Healthcare announced a purchase agreement Healthcare Professions Collegeis an in-person and online educational institution that prepares more than 8,000 students annually for non-physician health care careers. Financial terms were not disclosed, but the transaction is expected to close “in the coming months, subject to customary regulatory approvals.”
Kinderhook Industries Completed announced $1.1 billion private equity acquisition inhabita home health and hospice care provider.
york hospital Receive the necessary certification from the Maine Department of Health and Human Services to pave the way for participation. main health. The deal for the 79-bed freestanding hospital was announced in October.
Christus Health took over the operation of 174 beds. Titus Regional Medical Centernow known as CHRISTUS Health Mount Pleasant Hospital.
monument health added Rapid City Medical Center It was established as the 6th hospital. The two signed a letter of intent in January.
whose health announced that it will merge under a newly formed nonprofit organization called Healthside Partners, with a plan to allow its 11 hospital systems to transition from for-profit to nonprofit status. The transaction is expected to close in the fall, pending regulatory review.
payer
CVSOmnicare unit wins court approval for sale to virtual care company GenieRx Holdings. GenieRx offers a variety of virtual health and medication services and is a joint partnership between Milrose Capital, a private equity firm, and Integro Asset Management, a healthcare-focused investment firm. The deal includes $250 million in cash and other debt, including payroll costs, according to court documents.
technology
Qualtrics Completed acquisition for $6.75 billion Reporter Gainey Forstathe company said the deal will create “the world’s largest AI dataset for the context of human experimentation.” Press Ganey’s measurement system is used by more than 41,000 healthcare facilities, including the majority of U.S. hospitals.
InnovasserAcquired, a provider of data and automation software for payers and providers caduceus health It combines its AI platform with the company’s revenue cycle management services and staff to serve ambulatory care providers. Innovaccer said it will incorporate CaduceusHealth’s solutions and ambulatory RCM expertise into its Flow agent AI RCM platform. Financial details were not disclosed.
steep descentAI-powered healthcare marketing company acquires prescription management platform agile The amount is not disclosed. The deal adds prescription fulfillment and pharmacy connectivity to Swoop’s portfolio.
carlyle announced that it had acquired a majority stake in Knock RCM and Equalize RCMis a healthcare revenue cycle management company that plans to build an “AI-native, global, multi-disciplinary RCM platform.” The investment company did not disclose the terms of the deal.
medtech solutionManaged health IT services provider acquires health IT advisory firm Avarion (formerly Huntzinger Management Group), the amount was not disclosed. Med Tech Solutions said the agreement will better position the company to serve healthcare provider customers across the continuum of care, including a variety of care settings.
care cloudAcquired health technology and revenue cycle management vendor Health & Compliance Strengthening Partnera full-service healthcare compliance and advisory firm. Financial terms were not disclosed.
IKS HealthCreates revenue cycle management and workflow platform, acquires AI services and consulting firm Ally’s solution The amount is not disclosed. IKS said the partnership will accelerate the development of platforms such as autonomous coding, clinical decision making, non-repudiation, pre-authorization reasoning and precision medicine.
others
Global healthcare opportunities and CBC Group The two companies announced plans to merge in early 2027 to create the world’s largest healthcare-focused investment management company. The companies have more than 21 billion in assets and more than 200 investment and management professionals in 13 offices across North America, Europe and Asia Pacific. The new combined company will support innovation-driven healthcare businesses across pharmaceuticals, medical devices, life science tools, diagnostics, healthcare infrastructure and healthcare IT.
cross country healthcare40-year-old healthcare staffing and services company goes private in $437 million deal with investment firm knox lane. They said the partnership puts Cross Country in a better position for future growth.
Healthscape AdvisorChartis payer advisory subsidiary acquires independent pharmacy consulting firm payer alliance. The partnership will enable both companies to improve services for plans and employers to address prescription drug costs. Financial terms were not disclosed.
VMG HealthAcquired healthcare consulting company Community link consultingspecializing in community health centers, federally qualified health centers, and other health care providers. Terms were not disclosed.
impact advisor said he got it Canopii Collaborativeis a consulting firm founded in 2021 specializing in Epic payer, revenue cycle, and managed services solutions. Terms were not disclosed.
