Insights

A Look at Recent Transactions Shaping the Future of Healthcare

This week's article provides a summary of recent healthcare M&A news for February 26, 2025. 

The healthcare industry is rapidly evolving, with the lines between the healthcare technology and services sectors blurring - creating the catalyst for innovation, transformation, and continued market activity. TripleTree's Healthcare M&A Weekly summarizes recent mergers, acquisitions, and investments shaping the future of healthcare.

To view previous healthcare M&A activity, please review last week's post: Healthcare M&A Weekly - February 19, 2025.

• 1686 Partners invested in Los Angeles-based luxury eyewear brand, Ahlem, to drive global expansion by enhancing its retail footprint, client services, wholesale operations, marketing, and production capacity. Read more about the investment here.
• Abridge, a generative AI platform for clinical conversations, raised a $250M series D investment. The investment round will fuel additional development of AI capabilities and commercial growth to support broader applications. Learn more about the investment here.
• Southern California based Autism Spectrum Interventions and Quality Behavior Solutions announced the two behavioral health organizations are merging into one unified company – Alongside. Click here to learn more about the merger.
• Azara Healthcare, a provider of population health and value-based care solutions, joined forces with i2i Population Health. Global software investor Insight Partners led the merger and invested in the newly combined company, which aims to deliver population health solutions to payers and providers supporting underserved communities. Read more about the merger here.
• Eye Health America (EHA), an LLR Partners-backed eye care platform in the Southeastern United States, acquired Quigley Eye Specialists (QES), strengthening its presence in southwest Florida. Learn more about the acquisition here.
• Flourish Research, a multi-site clinical trial organization focused primarily on cardiovascular, metabolic, neuroscience, and infectious disease therapeutic areas, acquired Diablo Clinical Research, a multi-therapeutic clinical research facility performing phase I-IV clinical trials and medical device studies. Click here to learn more.
• Grovecourt Capital Partners, a West Palm Beach, FL based private equity firm, acquired Chaska, MN-based IMRIS Imaging, a provider of intraoperative MRI solutions. Read the press release here.
• Hanger, a provider of orthotic and prosthetic (O&P) patient care services and solutions, entered into an agreement to acquire Coapt, a Chicago-based firm that uses myoelectric technology to provide more intuitive and personal control for upper-limb prosthesis wearers. Click here for more on the acquisition.
• HealthEdge Investment Partners, a lower middle market private equity fund focused on healthcare, completed the sale of LifeSync, a developer, manufacturer, and marketer of disposable and reusable patient monitoring devices and connections sold to hospitals and other high acuity settings. LifeSync was acquired by Amphenol, a large provider of connectors, interconnect systems, antennas, sensors and specialty cable. Click here to learn more.
• New Day Healthcare acquired the Houston-based home care company Christian Senior Care Services for an undisclosed sum. The deal, New Day’s 13th to date, expands the company’s personal care services division into five additional counties in the Houston metro area. View the announcement here.
• Proactive MD, a national value-based care provider continued its expansion with the acquisition of primary care health centers in rural Michigan and Illinois.  Learn more about the acquisition here.
• Proactive MD, a national value-based care provider, acquired a liquid biopsy diagnostics company. By integrating liquid biopsy technology into its primary care model, Proactive MD aims to provide its patients with earlier and more accurate lung cancer screenings, also providing them with life-saving preventive diagnostics before symptoms appear. Read the press release here.
• Reliable Medical, a provider of home medical equipment and services, specializing in complex rehab mobility devices, acquired Certified Seating and Mobility, a Complex Rehab Technology (CRT) provider located in Greater Atlanta. Read more about the acquisition here.
• Revco Solutions and Wakefield & Associates announced their strategic merger into a combined entity under the name Revco Solutions. This merger creates one of the nation’s largest RCM companies, offering a suite of revenue cycle services, expanded resources, and greater expertise to drive financial performance and streamline healthcare revenue processes. Click here for more on the strategic merger.
• Strawberry Fields, a nonprofit organization offering comprehensive community-based supports and programming for individuals and families with intellectual and developmental disabilities, autism, and mental health challenges, will become an affiliate of Devereux Advanced Behavioral Health, one of Pennsylvania’s largest nonprofit behavioral healthcare providers, serving thousands of children and adults across 12 states. View the announcement here.
• Strive Medical, a portfolio company of NMS Capital, announced the acquisition of Charles Pharmacy & Surgical, a pharmacy and DME provider of diabetes supplies based in the Bronx, NY. Read the press release here.
• TrueLearn, a healthcare digital learning and analytics platform, expanded its platform through the acquisition of Medality (formerly MRI Online), a provider of education and practice development solutions for radiologists. Read more about the acquisition here.
• Valsoft Corporation, a Canadian company specializing in acquiring and developing vertical market software businesses, acquired Chordline Health, a provider of managed care software designed by clinicians to support health plans, third-party administrators (TPAs), accountable care organizations (ACOs), and other risk-bearing entities across both private and public sectors. Click to learn more.
• XRHealth, a provider of therapeutic virtual reality (VR), mixed reality (MR), and extended reality (XR) solutions, acquired the immersive, digital therapeutics company RealizedCare. Read more about the acquisition here.

Transactions outlined in this summary highlight some of the key trends shaping the future of healthcare. Get the latest industry news from TripleTree every week.

This is a partial list of transaction activity across the healthcare industry and is not intended to be a complete listing. Transaction information was identified from various sources and TripleTree may or may not have acted as the financial advisor for the transactions listed. All product names, logos and brands are property of their respective owners. All company, product and service names used in this communication are for identification purposes only. Use of these names, logos and brands does not imply endorsement.