A Look at Recent Transactions Shaping the Future of Healthcare
This week's article provides a summary of recent healthcare M&A news for April 24, 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 - April 16, 2025.
BayPine LP, a private investment firm that drives digital transformation in market-leading businesses, entered into a definitive agreement to acquire CenExel Clinical Research, Inc., a clinical trial site network focused on complex therapeutic areas. Read more about the agreement here.
Cone Health has purchased Novant Health’s ownership interest in HealthTeam Advantage, making it the sole owner of the Greensboro, NC-based Medicare Advantage plan. Click here to learn more.
Consumer Edge, the global leader in consumer alternative data intelligence, announced it agreed to acquire Earnest Analytics, a pioneer in transaction and healthcare data. Learn more about the acquisition here.
Cubhub, a leading provider of Medicaid-focused home care software, has acquired TaskMaster Pro, a trusted software platform for Intellectual and Developmental Disabilities (IDD) service providers across the United States. Read the press release here.
Epiphany Dermatology, an Austin, TX dermatology company, announced a strategic partnership with Littleton, Colorado-based Peak Dermatology. Epiphany Dermatology is backed by Leonard Green & Partners. Click here to learn more.
hellocare.ai, an AI-assisted virtual care delivery platform transforming hospital care models and operations, raised $47 M in an oversubscribed funding growth round. The round was led by HealthQuest Capital, with participation from a strategic coalition of health systems and digital health investors, including Bon Secours Mercy Health, UCHealth, OSF Ventures, and LRVHealth. View the announcement here.
LucyRx, a pharmacy benefits manager (PBM), announced a strategic growth investment from LRVHealth, a healthcare investment platform backed by a national network of health systems. Read more about the investment here.
PAX Health, a behavioral healthcare company backed by HCAP Partners and funds managed by Hamilton Lane (Nasdaq:HLNE), acquired Richardson Psychiatric Associates, a comprehensive outpatient psychiatric practice serving adults, adolescents, children, and families. Learn more about the acquisition here.
PLAUD.AI's brand owner PLAUD Inc., a Delaware-incorporated, San Francisco-based provider of AI-native hardware and software solutions for AI note-taking, announced its acquisition of StarJar, a Y Combinator-backed medical AI provider. Click here for more on the acquisition.
RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services and digital health solutions, and iCAD, Inc. (NASDAQ: ICAD), a global leader in providing clinically proven AI-powered breast health solutions, entered into a definitive merger agreement under which RadNet will acquire iCAD in an all stock transaction. Read the press release here.
Revelstoke Capital Partners, a growth-oriented healthcare-focused private equity firm, completed a recapitalization of AOM Infusion. Click here to learn more.
SmarterDx, Inc., a leader in clinical AI for revenue integrity and care quality, announced a strategic investment from New Mountain Capital, LLC, a leading growth-oriented investment firm with more than $55 billion in assets under management. Read more about the investment here.
Thoughtful Automation Inc., an artificial intelligence (AI)-powered revenue cycle automation company, announced a strategic investment from New Mountain Capital, LLC, a leading growth-oriented investment firm with more than $55 billion in assets under management. Learn more about the investment here.
Valsoft Corporation Inc., a Canadian company specializing in the acquisition and development of vertical market software businesses, acquired American Data, a pioneer in Electronic Health Record (EHR) software for the U.S. long-term care sector. Click here for more on the acquisition.
Vivos Therapeutics, Inc. (NASDAQ: VVOS), a leader in proprietary, non-invasive treatments for obstructive sleep apnea (OSA), announced a definitive agreement to acquire the operating assets of The Sleep Center of Nevada (“SCN”), the largest operator of medical sleep centers in Nevada. View the announcement here.
Well, an innovator in AI-driven health engagement, secured $30 million in additional funding. This investment propels Well's total funding to over $150 million, to help fuel the expansion of Well's AI platform, enhance operational capabilities, and further enable the company to proactively predict and address emerging health risks within employee populations. Read the press release 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.
