Healthcare mergers and acquisitions are in no short supply as providers, health tech companies, retailers and other industry players look to expand their businesses and gain a competitive edge. Here’s a roundup of new deals that were revealed, closed, rumored or called off during the month of June.
Providers
Ascension announced a deal to acquire ambulatory surgery management services company AmSurg, bringing more than 250 outpatient ambulatory surgery centers in 34 states to the system. The reportedly $3.9 billion deal was framed as the lynchpin of Ascension’s ongoing strategic shift to a stronger outpatient presence.
General Catalyst subsidiary Health Assurance Transformation Company’s pending $485 million acquisition of nonprofit health system Summa Health received a conditional green light from Ohio Attorney General Dave Yost. The firm will, among other requirements, need to transfer an additional $15 million in cash, with another $15 million in equity to be transferred to Summa's existing nonprofit foundation to "benefit people who are served by the system in Summit County and surrounding areas."
TriHealth has signed an agreement to acquire the 140-bed Clinton Memorial Hospital, which would be the Ohio-based system’s sixth acute care hospital. The organizations said they will be working with state and county officials on regulatory clearances and will target a smooth transition for patients and staff.
Adventist HealthCare is no longer in the running to acquire Howard University Hospital, and five years of management services agreements between the organizations will be phased out from now until February 2026. Operations of Howard University Hospital will transition back to the university. The organizations said their decision was mutual, and Howard’s plan to build a new, updated hospital will not be interrupted.
University of Mississippi Medical Center wrapped up its acquisition of the 67-bed Merit Health Madison hospital from a Community Health Systems subsidiary. The deal, finalized May 1 but announced in June, sees the facility now operating as UMMC Madison.
Pender Community Hospital, a 31-bed critical access facility in Nebraska, board members voted to move forward on an affiliation agreement with Bryan Health. The hospital said affiliation will provide greater operational support, training for staff and “expertise in navigating the financial complexities of today’s healthcare environment.”
Phelps Health and Salem Memorial Hospital District, both in Missouri, have reportedly called off negotiations for a potential affiliation.
Aveanna Healthcare Holdings, a home-care provider, closed its $75 million acquisition of Thrive Skilled Pediatric Care, which runs 23 locations in seven states. The deal was funded with a combination of common stock shares and cash.
Payers
UnitedHealth Group is reportedly considering multiple bids for its Latin American operations. Offers for the Banmédica subsidiary, which operates in Colombia and Chile, are said to be in the neighborhood of $1 billion.
Capital Rx, an alternative pharmacy benefit manager and administrator, announced it will be acquiring care navigation company Amino Health. The deal will allow CapitalRx to offer a better member-facing experience, complementing its unified claims platform on the back end. Financial terms were not disclosed.
Tech
Anne Wojcicki, the former CEO of 23andMe, will buy back the company’s assets for $305 million after topping the $256 million bankruptcy auction bid from drugmaker Regeneron. TTAM Research Institute, a nonprofit formed and led by Wojcicki, will take over the company’s operations after securing funds from an unnamed Fortune 500 company.
Hims & Hers, a direct-to-consumer virtual care and wellness platform, is accelerating its European expansion with the acquisition of telehealth platform Zava. Financial terms were not disclosed, and the deal is set to close by midyear.
H1, which corrects bad provider data for healthcare organizations, acquired Veda Data Solutions to build out its data and automation solutions for payers. Financial terms were not disclosed.
Pyx Health, a social health platform, has acquired FarmboxRx to build out its services to address food insecurity and strengthen its member engagement. Pyx credited a $47.5 million investment from S2G Investments and TT Capital Partners for its ability to make the purchase, which it also said will allow it to serve more members, especially in the Medicare, dual-eligible, and Affordable Care Act exchange populations.
Current Health Cofounder Christopher McGhee reacquired the home care tech company from Best Buy. Financial terms were not disclosed, though Best Buy had spent almost $400 million on the company back in 2021. McGhee will be returning as CEO and is joined by several former members of his team, including Stewart Whiting, his cofounder.
Datavant, a healthcare data platform company, will acquire medical records retrieval and claims data firm Ontellus for an undisclosed sum. The company plans to use Ontellus’ capabilities to reduce administrative burdens for its over 80,000 provider customers.
CoachCare has acquired fellow remote care management company MD Revolution. With the deal, CoachCare said it is now the largest such company in the nation reaching more than 250 healthcare organizations and half a million patients. Terms were not disclosed.
Net Health, an IT company for wound care and rehab therapy, is acquiring hybrid musculoskeletal digital health company Limber Health. Terms were not disclosed.
MRO Corp., a clinical data exchange company, announced the acquisition of enterprise clinical data management platform Q-Centrix Corp. The combined company works with more than 2,000 hospitals and health systems, more than 7,000 clinics and almost 250 payers on clinical data exchange and organization. Financial terms were not disclosed.
Prompt Health, a practice management software vendor focused on the rehab therapy space, purchased AI scribe and CPT coding optimization company PredictionHealth to bolster its platform. Terms were not disclosed.