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 September.
Provider
Premier Inc., a healthcare group purchasing, technology and intelligence company, will be taken private as an affiliate of healthcare investment firm Patient Square Capital in a $2.6 billion deal. Premier has been public since 2013 and counts more than two-thirds of all U.S. healthcare providers among its customer base, with $84 billion in group purchasing power and more than 3,000 active negotiated contracts.
Essentia Health has bowed out of mediated discussions with the University of Minnesota and Fairview Health to form a new $1 billion "all-Minnesota health system solution.” Essentia and the university are, however, still discussing a collaboration related to the university’s medical school as a joint clinical enterprise between the university and Fairview nears its expiration.
Privia Health, a physician enablement company, plans to buy Evolent Health's accountable care organization business to significantly expand its value-based care footprint. The $100 million deal would add more than 120,000 attributed lives in the Medicare Shared Savings Program as well as various commercial and Medicare Advantage programs.
UPMC is in talks to acquire the three hospitals and other facilities of CommonSpirit’s Trinity Health System, reported the Post-Gazette citing three people familiar with the plans. Terms were not reported. The deal as described would give UPMC a foothold in Ohio, a first for Pennsylvania’s largest health system.
Harbor Health, a Texas-based clinical network, is acquiring 32 clinics from VillageMD for an undisclosed sum. The deal nearly quadruples its clinical presence, adds more than 80 clinicians to its team and expands into three new markets: San Antonio, El Paso and Dallas.
TriHealth acquired the 140-bed Clinton Memorial Hospital and will rename it TriHealth Clinton Regional Hospital. It’s the sixth hospital for the Cincinnati-based system.
FHN, a rural, single-hospital Illinois system, said it plans to affiliate with Mercyhealth to maintain its independent status amid financial headwinds. As part of the deal expected to close by year-end, Mercyhealth will invest $100 million into FHN over the next half decade.
Brown Physicians Inc. and Brown Health Medical Group received regulatory clearance to merge and said they would do so by Oct. 1. The former is a multispecialty practice group headed by faculty affiliated with The Warren Alpert Medical School of Brown University, while the latter is a multispecialty medical group of the Brown University Health system. Together, they’ll comprise more than 1,500 providers in Rhode Island.
Littleton Regional Healthcare signed a letter of intent to join Dartmouth Health. The 25-bed critical access hospital had been searching for a larger partner to join since 2023.
MUSC Health notched a step forward on its deal to acquire a majority interest in Tidelands Health following new approvals from South Carolina state regulators and their respective boards.
Westchester Medical Center Health Network and Bon Secours Mercy Health will end a joint venture partnership in place since 2015. Upon doing so, three western New York hospitals plus nursing homes and other facilities will be fully acquired by Westchester Medical Center. Financial terms were not disclosed.
UCHealth’s acquisition of Estes Park Health hospital received the all-clear from Colorado Attorney General Phil Weiser, who released an opinion that found the transaction would not reduce care availability or accessibility. The deal has UCHealth assuming $10 million in long-term debt and a 10-year, $20 million commitment to capital projects and routine maintenance.
Olympic Medical Center, a 67-bed hospital in Washington, signed a letter of intent to explore a potential affiliation with UW Medicine.
Comanche County Memorial Hospital and Southwestern Medical Center have agreed to form a two-hospital system called Memorial Health System of Southwest Oklahoma. The pair controls more than 350 hospital beds between them and says the combination will go into effect at the end of the year.
Yale New Haven Health and the bankrupt Prospect Medical Holdings agreed to a $45 million settlement over a botched deal to transfer three Connecticut hospitals. Prospect had sought to hold Yale New Haven Health to an initial $435 million deal but has since received bids for at least two of the facilities from Hartford HealthCare.
UConn Health is reportedly in talks to purchase three Connecticut hospitals—Bristol Hospital, Day Kimball Hospital and Waterbury Hospital—for almost $400 million, per CT Mirror. The first two are independent community hospitals with financial struggles while the third is being auctioned by bankrupt Prospect Medical Holdings.
Payer
The Cigna Group has signed a deal to sell Evernorth Care Group to health system HonorHealth for an undisclosed sum. Evernorth Care Group comprises 18 Arizona clinics.
Humana’s CenterWell is the leading candidate to acquire bankrupt Florida senior care provider The Villages Health. The company’s primary care unit said it filed a stalking horse bid for The Villages Health’s assets with the bankruptcy court.
Kaiser Permanente has announced a new joint venture with Renown Health that will provide insurance and outpatient services in Nevada. The deal is set to close in early 2026 and is built off Renown’s nonprofit insurance plan Hometown Health and the system’s existing primary care locations in Reno, Nevada.
CareSource and ElderServe Health’s affiliation was approved by the New York Department of Health. ElderServe, previously part of RiverSpring Living, provides long-term services and support to more than 20,000 seniors and chronic disease patients in New York.
Tech
Remedy Meds, a telehealth GLP-1 company, plans to acquire virtual care platform Thirty Madison for $500 million in an all-stock deal. The result will be a multibrand platform across women's, men's and metabolic health and another contender in the direct-to-consumer health space.
Phreesia, a patient intake and engagement software vendor, is acquiring AccessOne for $160 million in cash to flesh out its suite of payment tools.
Datavant plans to buy Israeli artificial intelligence platform DigitalOwl, which serves insurance and legal professionals. The deal, estimated by the market to run $200 million, would expand Datavant’s capabilities and support a new digital-first offering that improves medical records retrieval and analysis for the insurance and legal industries.
Innovaccer acquired Story Health, a digital specialty care platform. Terms of the deal were not disclosed. Innovaccer highlighted opportunities to augment and scale Story’s care model with AI.
RevSpring, a healthcare communications and payment transactions tech company owned by private equity firm Frazier Healthcare Partners, is buying Kyruus Health for an undisclosed sum. The pickup will allow RevSpring to add Kyruus’ provider data and scheduling tools to its offerings.
UST HealthProof and HealthEdge have been merged into a single end-to-end payer AI platform by their private equity owner Bain Capital. The PE firm bought software company HealthEdge from Blackstone earlier this year in a deal valued at $2.6 billion.
Switchboard Health, which makes a digital health platform for specialty care, acquired Conduce Health. The deal joins Switchboard’s electronic-health-record-integrated software and network with Conduce’s multispecialty predictive analytics and clinical decision support technology. Financial terms were not disclosed.
PurpleLab, a healthcare and real-world data analytics company, acquired AI clinical analytics and care management company KAID Health for an undisclosed sum.
CareCloud is acquiring the Healthcare Financial Management Association’s MAP App, a tool used by providers to benchmark their revenue cycle performances. Terms were not disclosed.
Glooko, a digital health company focused on diabetes, acquired glucose management system maker Monarch Medical Technologies.
TailorCare, a musculoskeletal care navigation and management platform, acquired computer vision technology company Stabl for an undisclosed sum.
Smarter Technologies acquired fellow healthcare automation company Pieces Technologies. Financial terms were not disclosed.