Megadeals

R1 RCM/TowerBrook and Clayton Dubilier & Rice

Seller: R1 RCM

Buyer: TowerBrook and Clayton Dubilier & Rice

Announced: August 2024

Deal Value: $8.9B

EV/S Multiple: 3.6x

TowerBrook and Clayton Dubilier & Rice R1 RCM

A provider of AI-and RPA-based RCM services & appointment scheduling software​​​, R1 RCM, was taken private by TowerBrook and Clayton Dubilier & Rice for $8.9B, making it the largest HealthTech megadeal so far during this period.

Edwards Lifesciences/BD

Seller: Edwards Lifesciences

Buyer: BD

Announced: June 2024

Deal Value: $4.2B

EV/S Multiple: 4.6x

BD Edwards Lifesciences

Critical Product Line of Edwards Lifesciences, which provides patient monitoring platform with advanced AI algorithms, was acquired by BD for $4.2B, making it the largest HealthTech megadeal so far this year.

Specialty Networks/CardinalHealth

Seller: Specialty Networks

Buyer: CardinalHealth

Announced: January 2024

Deal Value: $1.2B

CardinalHealth Specialty Networks

Specialty Networks, a group purchasing contract and practice enhancement software, was acquired by CardinalHealth for $1.2B.

Cloud Platform

Thirona Retina/iCare

Seller: Thirona Retina

Buyer: iCare

Announced: August 2024

Deal Value: $5.3M

iCare Thirona Retina

Dutch retinal image analysis AI specialist, Thirona Retina was bought for $5.3M by iCare, a Finnish supplier of ophthalmological devices and software, to deliver a comprehensive AI-based eye health solution.

Xtend Healthcare/CorroHealth

Seller: Xtend Healthcare

Buyer: CorroHealth

Announced: August 2024

Deal Value: $365M

CorroHealth Xtend Healthcare

Navient's AI-based healthcare revenue cycle management business, Xtend Healthcare was acquired for $365M by health technology company, CorroHealth to offer a fully rounded suite of solutions to its extended customer base.

Augmedix/Commure

Seller: Augmedix

Buyer: Commure

Announced: July 2024

Deal Value: $139M

EV/S Multiple: 2.9x

Commure Augmedix

AI-enabled healthcare document management software provider, Augmedix was acquired for $139M at 2.9 times revenue by health data company, Commure to scale its documentation products to more providers and health systems.

Health IT Services

Gebbs Healthcare Solutions/EQT

Seller: Gebbs Healthcare Solutions

Buyer: EQT

Announced: September 2024

Deal Value: $840M

EV/S Multiple: 4.2x

EQT Gebbs Healthcare Solutions

Revenue cycle management BPO services provider, Gebbs Healthcare Solutions was bought by PE firm EQT for $840M at 4.2 times revenue to strengthen its RCM solutions with AI-driven technology and to expand its US footprint.