Healthcare mergers and acquisitions are in no short supply as providers, health tech 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, closed, rumored or called off during the month of January.
Providers
RWJBarnabas Health signed a definitive agreement to acquire Englewood Health, a fellow northern New Jersey nonprofit comprising a single 283-bed hospital and a network of more than 100 other locations. A timeline for the deal was not given, though the pair highlighted plans for “significant capital investments” RWJBarnabas plans to make in Englewood to expand its outpatient offerings.
Community Health Systems announced a deal to sell 180-bed Crestwood Medical Center to Huntsville Hospital Health System for $450 million. The deal is set to close in the second quarter and includes a freestanding emergency department as well as other clinics, ambulatory sites and other outpatient assets.
Premise Health and Crossover Health plan to merge, yielding an employer-focused, virtual-enabled advanced primary care company with more than 400 client organizations and 900 nationwide clinics. The combined entity will near $2 billion in annual revenue, with the parties working to combine their well-recognized brands into one. Financial terms of the merger deal were not disclosed.
CommonSpirit Health is in talks to transfer three North Dakota hospitals to Altru Health System, per a letter of intent signed by the nonprofits. Potential financial terms were not disclosed, with the systems adding that they hope to strike a definitive agreement upon due diligence expected to run “the next several months.”
The University of Nebraska board of regents is moving ahead on a deal to bring Nebraska Medicine, which is jointly operated with Clarkson Regional Health Services, under its full ownership and governance. The deal had been opposed by Nebraska Medicine’s independent board, leading the university to recently replace some of its members for the duration of the transaction.
Hartford HealthCare closed an $86.1 million purchase of two Connecticut hospitals previously owned by bankrupt Prospect Medical Holdings. The transaction follows months of security regulatory and state approvals, as well as the settling of a lawsuit between Prospect and Yale New Haven Health regarding the facilities.
The Centurion Foundation has secured an extension on its effort to land financing for the acquisition of two Prospect Medical Holdings hospitals in Rhode Island. The nonprofit has missed multiple deadlines to do so, forcing accommodations from bankruptcy court and state government.
Shannon Health System signed a deal to acquire Scenic Mountain Medical Center, in Texas, from Quorum Health. The agreement is expected to close in the coming months and would make the 146-bed community hospital Shannon’s fourth hospital.
Prime Healthcare entered an asset purchase agreement with Franciscan Alliance to acquire the 214-bed Franciscan Health Olympia Fields and Specialty Physicians of Illinois, in Chicago’s south suburbs. The facility is Franciscan Alliance’s only hospital in Illinois and will bring from Prime “a series of mission-driven investments designed to strengthen long-term access to care and advance medical education.”
Salem Health Hospitals & Clinics and Santiam Hospital & Clinics, both in Oregon, signed a definitive agreement to partner and are working to secure an approval from state officials. Together, they would comprise a three-hospital system with more than 7,000 staff.
Rapid City Medical Center signed a letter of intent to join Monument Health as its sixth hospital. The parties are undergoing due diligence with the aim to sign a definitive agreement and close the deal later this spring.
Marlborough Hospital, a 79-bed facility in Massachusetts, joined UMass Memorial Medical Health System. It is now known as UMass Memorial Medical Center – Marlborough Campus.
Goshen Health, in Indiana, signed a letter of intent to explore joining Parkview Health. The deal would make Goshen a regional hub for Parkview as well as its largest hospital outside of Fort Wayne.
Barton Health took full control of Carson Valley Health after jointly running the community health system for 25 years with Renown Health. Barton financed the transaction through a combination of cash reserves and loans, though other terms of the change were not disclosed.
HonorHealth acquired 11 Evernorth Care Group locations across Phoenix from Cigna. The initial deal announcement last September listed 18 locations in the area, however, seven were not acquired by HonorHealth and have since been closed.
Intermountain Health acquired Steinberg Diagnostic Medical Imaging, an outpatient radiology imaging company with 12 locations around the Las Vegas Valley.
Payer
Hawaii Medical Service Association, a Blue Cross Blue Shield licensee and the state’s largest health insurer, is planning to affiliate with the four-hospital Hawaii Pacific Health, which also runs an accountable care organization. Though the organizations would come together under a parent nonprofit, the pair said their deal was not a merger as their companies will remain independent from each other.
Blue Cross Blue Shield of North Dakota and Cambia Health Solutions’ strategic affiliation clinched the regulatory approval of the North Dakota Insurance Department, which paved the way for their Feb. 1 close.
Fallon Health, a nonprofit Massachusetts-based regional health plan providing government-sponsored health insurance programs, is working with Mass General Brigham to join the latter’s health plan. The organizations said they will provide updates as the process advances but promised no immediate changes for members.
Priority Health, a Michigan-based plan, wrapped a deal to become the sole governing member of Group Health Cooperative of Eau Claire, which has more than 61,000 members in Wisconsin. The deal makes Priority Health a four-state plan.
Health Tech
Sword Health, a digital health platform initially focused on musculoskeletal health that has since expanded into women’s health and mental health, unveiled plans to acquire rival Kaia Health for $285 million. The latter, which focuses on musculoskeletal and pulmonary care, will give Sword a substantial foothold in the German market plus access to its millions of American members.
Hippocratic AI, the maker of patient-facing generative artificial intelligence healthcare agents, acquired Grove AI to flesh out its life sciences division and bring the technology into biopharma and medtech. Financial terms were not disclosed. Grove AI, which launched in 2024 to deliver agentic AI for pharma R&D and clinical trial operations, supported more than 10 million patient interactions over the past year.
IntelyCare, a tech-enabled healthcare staffing platform that grew rapidly during the pandemic, acquired acute care labor marketplace CareRev. Financial terms were not disclosed, though IntelyCare said its deal creates one of the most comprehensive clinical labor solutions on the market.
OpenAI acquired Torch, a healthcare startup that unifies lab results, medications and recordings from doctor visits, to serve as the foundation for ChatGPT Health. The transaction for the year-old app is reportedly valued at roughly $100 million.
Wisp, a women’s telehealth provider with 1.8 million U.S. patients, acquired sexual health provider and diagnostics platform TBD Health. Financial details were not disclosed. The companies said they hope to further expand access to sexual health, particularly in women, who are underserved when it comes to pre-exposure prophylaxis access.
NOCD, a virtual provider for obsessive compulsive disorder, has acquired Rebound Health, a virtual provider for trauma disorders. The acquisition will help expand Rebound’s post-traumatic stress disorder care across the U.S., fueled by NOCD’s AI-powered platform. Financial terms were not disclosed.
Tegria, a Providence St. Joseph Health spinoff with a broad range of consulting, managed services and tech tools for providers and payers, was acquired by private equity firm Altaris. It will continue to serve the health system as a preferred technology services partner. Financial terms were not disclosed.
Zelis, a healthcare payments platform, acquired AI revenue cycle analytics company Rivet. The pair had previously been partners, but now, combined, will give providers more visibility into claims payment and denials data. Financial terms were not disclosed.
Kodiak Solutions, a revenue cycle and financial software company serving healthcare providers, acquired Besler & Company, which offers revenue recovery and hospital reimbursement tools. Financial terms were not disclosed. Kodiak said the deal brings new automation and managed service options to its platform.
Spring Health, a digital mental healthcare and navigation services company, has entered a definitive agreement to acquire Alma to help build a “lifelong mental health platform.” Financial terms and valuation were not disclosed, and the deal is expected to close during the second quarter. Executives described the companies as “addressing complementary parts of the same industry challenge, and said the pair’s technology capabilities, health plan relationships and provider infrastructure are well matched to serve the full mental healthcare ecosystem.
Pair Team, an AI-enabled whole-person care provider for safety-net patients, acquired social care coordination company Town Square. Terms were not disclosed.
Harmony Healthcare IT, a health data management and archiving company, said it will be expanding its Meditech EHR data solutions through the acquisition of competitor Blue Elm. Financial terms were not disclosed.
Rapid Care, which offers clinical documentation, revenue cycle management and records review, has acquired DeepDoc, an AI platform for medical record analysis and summarization employed by the insurance and medicolegal sectors. The deal expands Rapid Care’s portfolio of AI tools as the company targets end-to-end solutions for its customers. Financial terms were not disclosed.
Skylight Health, a multispecialty care coordination and analytics company, acquired Stellation Care, which offers AI-augmented datasets for provider intelligence and referral optimization insights for plans and risk-bearing provider groups. The deal brings those analytic capabilities into Skylight’s multispecialty orchestration offerings. Financial terms were not disclosed.