Megadeals

AdvancedMD/Francisco Partners

Seller: AdvancedMD

Buyer: Francisco Partners

Announced: October 2024

Deal Value: $1B

Francisco Partners AdvancedMD

Healthcare practice management software provider AdvancedMD was purchased for $1B by PE firm Francisco Partners.

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.

Patient Engagement

SpinSci/Aldrich Capital Partners

Seller: SpinSci

Buyer: Aldrich Capital Partners

Announced: December 2024

Deal Value: $53M

Aldrich Capital Partners SpinSci

AI-enabled patient engagement solutions developer SpinSci was pocketed by PE firm Aldrich Capital Partners for $53M to expand SpinSci’s market footprint and accelerate its growth.

Strata Health/VitalHub

Seller: Strata Health

Buyer: VitalHub

Announced: October 2024

Deal Value: $23.2M

VitalHub Strata Health

Patient flow management software provider Strata Health was acquired for $23.2M by healthcare software firm VitalHub to add a referral management platform to its existing offerings and to expand the digital health ecosystem.

Cloud Platform

Cortex/Boston Scientific

Seller: Cortex

Buyer: Boston Scientific

Announced: November 2024

Boston Scientific  Cortex

AI-based healthcare 3D mapping software provider Cortex was bought by Boston Scientific to complement its product suite with advanced 3D mapping for complex medical cases.

Combinostics/SyntheticMR

Seller: Combinostics

Buyer: SyntheticMR

Announced: November 2024

Deal Value: $4.5M

EV/S Multiple: 4.6x

SyntheticMR Combinostics

Finnish AI-enabled healthcare data management and diagnosis software developer Combinostics was acquired for $4.5M at 4.6 times revenue by Swedish MRI software provider SyntheticMR to build out its product offerings with AI-enabled diagnostics capabilities for neurodegenerative diseases.