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 March.
Provider
Allina Health plans to join Sutter Health and form a 39-hospital, $26 billion nonprofit health system. The nonprofits have signed a letter of intent that would see Sutter commit $2 billion to Allina’s Minnesota and western Wisconsin markets. The pair are targeting a close for their cross-market megadeal before the end of 2026.
Cencora signed a definitive agreement to purchase EyeSouth Partners’ retina specialist network for $1.1 billion. The deal is expected to close sometime after Sept. 30, and would bring EyeSouth Partners’ affiliated retina physicians into the country’s largest network of retina centers.
Community Health Systems is selling its four-hospital subsidiary system, Northwest Health, to nonprofit Freeman Health System for $112 million. The Arkansas system comprises 487 beds and will double Freeman’s total hospital count.
Centurion Foundation acquired Roger Williams Medical Center and Our Lady of Fatima Hospital, previously owned by bankrupt Prospect Medical Holdings. The transaction is the culmination of a four-year saga that required Centurion to ask the state of Rhode Island to backstop its bond financing. The safety-net hospitals have now been recapitalized and reestablished as locally governed nonprofits.
Lifepoint Health signed a deal to acquire eight acute care hospitals from ScionHealth. Terms of the deal were not disclosed, though it is expected to close within two to three months of the March 6 announcement. Three of the facilities are in Texas, with the remainder in Idaho, Mississippi, Tennessee, West Virginia and Wisconsin.
Florida State University is set to acquire Tallahassee Memorial HealthCare from the city following two affirmatory votes from the parties’ boards. The deal will see the university pay $109 million over 30 years, and invest $1.7 billion into local care over the next 30 years.
Vernon Health, an independent nonprofit health system, signed a letter of intent to explore an affiliation with Emplify Health, an 11-hospital system. The organizations stressed that no decision has been made, and that the collaborative evaluation process will take “several months.”
Montrose Regional Health and Community Hospital, both independent nonprofits in Colorado, signed a letter of intent to explore the creation of a new nonprofit. The organizations said each hospital would maintain its independence, but collaborate on nonclinical initiatives “to create economies of scale and improve overall care quality and efficiency.”
NorthBay Health signed a letter of intent to acquire a Providence hospital in Napa, California, Providence Queen of the Valley Medical Center. Financial terms have not yet been hashed out, though a deal would be expected to close by the end of the term.
Baptist Health has a definitive agreement to acquire South Arkansas Regional Hospital, a 151-bed facility in El Dorado, Arkansas. The deal is scheduled to close on June 14, with the organizations noting that the system will bring additional resources to rural care providers.
MUSC Health voted to move ahead with a $111 million acquisition of Palmetto Primary Care Physicians, South Carolina’s largest independent multispecialty care practice. MUSC Health leadership said the deal will help the academic system bolster access to community-based care.
Kain Capital acquired White Wilson Medical Center, closing out a corporate restructuring and bankruptcy for the independent physician group. The Florida practice operates nine clinics with more than 70 providers.
Payer
Highmark and Blue Cross and Blue Shield of Kansas City said they had the regulatory approvals in hand to close their affiliation deal on March 31. Through the affiliation, announced in December, Blue KC aims to improve outcomes and accelerate key innovations to support its members in the Kansas City region.
Providence announced it is “exploring strategic options,” including a possible asset sale for its Providence Health Plan. The health system said in a subsequent filing that any sale is expected to be completed in the 2026 fiscal year, subject to regulatory approval.
Tech
Universal Health Services, a for-profit acute and behavioral hospital operator, announced it is acquiring virtual behavioral care provider Talkspace. The definitive agreement, expected to close in Q3, would see Talkspace acquired for $5.25 per share. That translates to an enterprise value of about $835 million.
Infosys, an India-based IT services firm, unveiled a definitive agreement to purchase Optimum Healthcare IT for $465 million. The all-cash deal will bolster Infosys’ healthcare capabilities and give existing provider customers access to the company’s other AI and cloud offerings. The deal is expected to close during the first quarter of Infosys’ 2027 fiscal year.
Cerebral, an integrated provider of therapy and psychiatry services, acquired the ADHD digital therapeutic app Inflow for an undisclosed sum. The companies will continue to operate as separate platforms, though Cerebral clinicians are now more quickly accessible to any Inflow users seeking care.
Elsevier notched a deal to acquire Mytonomy, a maker of video-based patient engagement products. Terms of the deal were not disclosed, though Elsevier said the software-as-a-service platform will complement its clinical solutions portfolio.
Quantum Health, which offers tech tools for healthcare navigation, acquired virtual care provider CirrusMD for an undisclosed sum. Quantum said the marriage of its tools with physician-led virtual care would support more immediate care integration and better outcomes.
Health Management Associates acquired HealthTech Solutions, a technology, analytics and compliance company focused on the Medicaid market. Financial terms were not disclosed.
Oasis Health Partners, a primary care optimization company, purchased the revenue cycle management and practice management business Premier Health. Oasis said the deal will deliver a turnkey platform for independent primary care providers that combines clinical, operational and financial tools in a single platform.
Health Recovery Solutions, a remote patient monitoring and care platform, acquired remote chronic disease management and monitoring company Rimidi. Financial terms were not disclosed. Combining the companies’ capabilities will help Health Recovery Solutions’ customers scale remote patient monitoring at scale and across conditions, and do so within a single vendor, the companies said.
Chartis, a healthcare advisory firm, acquired healthcare AI company Leap AI for an undisclosed sum. Under the deal, Chartis said it will develop and offer tools under the Chartis Leap AI Studio brand.
DoseSpot and Arrive Health have merged to form an electronic prescribing platform with medical and pharmacy benefits data. Called Interra Health, the new entity combines Arrive Health's coverage and pricing network with DoseSpot’s e-prescribing capabilities to support prescribing decisions and help patients access the right medication at the lowest cost. The combined company is profitable, growing at approximately 40% annually and projected to exceed $100 million in revenue in 2026.
Collectly, an AI-powered platform addressing patients’ financial interactions, completed the acquisition of Pledge Health, which works on reducing administrative burdens prior to service using AI automation. Financial terms were not disclosed.
Knowtion Health, a healthcare revenue cycle company, acquired reimbursement and optimization services provider revly for an undisclosed sum. The deal expands Knowtion’s claims routing service offering.
Miscellaneous
The Patient Advocate Foundation and Patient Access Network, two of the nation’s largest patient assistance charities that granted more than $77 billion in financial assistance during 2025, announced a strategic merger to operate under the former’s name. The resulting entity will include more than 130 disease-specific financial assistance funds, as well as personalized case management, education, advocacy, research and health equity-focused community partnerships.
Select Medical, a nationwide operator of critical illness recovery hospitals, rehabilitation hospitals and outpatient rehabilitation clinics, entered a definitive agreement to go private. The deal is valued at $3.9 billion and expected to close midway through this year. The ownership consortium is headed by the company’s leadership and private equity firm Welsh, Carson, Anderson & Stowe.
Labcorp wrapped the acquisition of various laboratory business assets from provider Crouse Health’s Laboratory Alliance of Central New York. The deal, similar to others cut by Labcorp, puts the company in control of operations at 12 patient service centers and is accompanied by a strategic agreement for Labcorp to manage the daily operations of Crouse Health’s inpatient laboratory.