• Union Health, Terre Haute Regional Hospital Close Merger Despite Pushback

    by | Nov 12, 2025 4:06 pm | Hospitals

    Two hospitals in Indiana have finally closed their merger agreement despite some regulatory and public pushback. On November 10, the Indiana Department of Health approved a Certificate of Public Advantage (COPA) application from Union Health and HCA-owned Terre Haute Regional Hospital, giving the organizations the green light to join under a... Read More »

  • PE-Backed Alliant Insurance Services Buys Highpoint Insurance Group in Texas

    by | Nov 12, 2025 10:43 am | Managed Care

    Private equity-backed Alliant Insurance Services has purchased a health insurance agency located in Friendswood, Texas. The target, Highpoint Insurance Group, has 44 employees on staff. Alliant Insurance Services is a Newport Beach, California-based distributor of diversified insurance products and services. Alliant’s largest backer is the... Read More »

  • MedEvolve Announces Acquisition by Emergence Software

    by | Nov 12, 2025 10:41 am | eHealth, Private Equity

    Little Rock, Arkansas-based MedEvolve, Inc. announced that it has been acquired by Emergence, an enterprise backed by The Pritzker Organization. The deal was announced on November 11, 2025. Terms were not disclosed. MedEvolve offers AI-powered workflow automation and analytics that optimize the revenue cycle from financial clearance through... Read More »

  • Top Health System Divestments of 2025

    by | Nov 11, 2025 9:01 am | Hospitals

    Throughout 2025, several major health systems have been focusing on downsizing their portfolios by divesting hospitals and other lines of business. Some transactions were from systems seeking to pay down debt, others resulted from bankruptcy proceedings and a number from systems exiting non-core markets. In our LevinPro HC database, we have... Read More »

  • Axsome Therapeutics Acquires Baergic Bio 

    by | Nov 7, 2025 4:52 pm | Pharmaceuticals

    Axsome Therapeutics reported on November 5 that it acquired Baergic Bio, Inc. from Avenue Therapeutics for $0.3 million.  Founded in December 2019, Baergic Bio is a clinical-stage pharmaceutical company that focuses on the development of a pharmaceutical product for the treatment of CNS disorders.   Axsome Therapeutics is a... Read More »

LetsGetChecked Acquires Truepill 

by | Aug 22, 2024 3:35 pm | Specialty Pharmacies

LetsGetChecked (LGC), which is based in Dublin, Ireland and New York, New York, announced the acquisition of Truepill for $25 million.   Founded in 2016, Truepill’s business-to-business solutions include its virtual pharmacy digital experience, patient services to drive adherence, engagement, quality and performance and nationwide prescription fulfillment. Truepill had raised more than $370 million in venture capital funding, including at a $1.6 billion valuation in 2021, from firms like Optum, Optum Ventures, Oak HC/FT and Initialized Capital.  LGC is a leading healthcare solutions company that allows customers to manage their health from home, providing direct access to... Read More »
VERTESS Closes Specialty Pharmacy Deal in Mississippi

VERTESS Closes Specialty Pharmacy Deal in Mississippi

by | Jul 16, 2024 12:27 pm | Other Services, Private Equity, Specialty Pharmacies

VERTESS, a Fort Worth, Texas-based healthcare M&A advisory firm, announced on July 16 the successful completion of a specialty pharmacy acquisition in Mississippi. Keystone Specialty Pharmacy was purchased by Novastone Capital Advisors. Keystone Specialty Pharmacy is a specialty pharmacy in Madison, Mississippi. Keystone offers healthcare providers new resources to treat serious infections while maintaining the highest ethical standards in business. Founded in 2019, Novastone Capital Advisors is a private equity firm based in Baar, Switzerland. The transaction was overseen by VERTESS Managing Director, Alan Hymowitz, who previously owned and operated a pharmacy before his tenure at... Read More »
Kroger Sells Specialty Pharmacy Business to CarelonRx

Kroger Sells Specialty Pharmacy Business to CarelonRx

by | Mar 19, 2024 10:55 am | Other Services, Specialty Pharmacies

Kroger, a Cincinnati-based supermarket chain, announced on March 19 the sale of its specialty pharmacy business to CarelonRx, a subsidiary of Indianapolis-based health insurer Elevance Health. Kroger’s specialty pharmacy serves patients with chronic illnesses that require complex care. Those illnesses include rheumatoid arthritis, growth hormone deficiencies, multiple sclerosis and bleeding disorders. Patients and prescribers work with skilled clinicians and access therapy programs through the specialty pharmacy to gain education, resources and counseling. Patients can also get help with side-effect management, financial assistance and personalized care. Kroger has owned the specialty... Read More »
VERTESS Closes Specialty Pharmacy Deal in Mississippi

Sentrex Health Solutions Expands Services with Acquisition of PerCuro Clinical Research

by | Feb 13, 2024 1:04 pm | Other Services, Specialty Pharmacies

Sentrex Health Solutions announced the acquisition of PerCuro Clinical Research, a full-service specialty pharmacy and healthcare services provider based in Victoria, Canada.  PerCuro Clinical Research provides infusion services, clinical research and advanced nursing care. The company treats patients across several therapeutic areas, including inflammatory bowel disease, liver disease, neurology, dermatology and rare diseases. Established in 2003, PerCuro partners with healthcare providers on Vancouver Island, bringing healthcare services closer to physicians and patients.  Sentrex Health Solutions Inc. is a Canadian healthcare company based in Markham, Ontario. The company... Read More »
Kroger Sells Specialty Pharmacy Business to CarelonRx

Clarest Health Acquires Remedi SeniorCare

by | Jan 9, 2024 12:02 pm | Other Services, Specialty Pharmacies

Clarest Health, a leading personalized medication management provider, announced that it has acquired Remedi SeniorCare, giving Clarest the size and scale to lead the post-acute care market. The U.S. market for pharmacy care for the post-acute patient population is $5.7 billion, and the U.S. Rx fill market for medically complex patients is $115 billion, according to interviews, research and analysis from L.E.K. Financial terms of the deal were not disclosed.  Headquartered in Towson, Maryland, Remedi SeniorCare is a long-term and post-acute care pharmacy services provider. Renowned for its long-term care pharmacy services and proprietary medication management system PAXIT® and its... Read More »
Hildred Capital Management Acquires AleraCare

Hildred Capital Management Acquires AleraCare

by | May 3, 2023 4:00 pm | Specialty Pharmacies

New York-based private equity firm Hildred Capital Management announced on May 2 that it entered into an agreement to acquire AleraCare for an undisclosed price. AleraCare is a provider of infusion and specialty pharmacy services. Founded in 2019, AleraCare’s core lines of business includes infusions at ambulatory infusion centers, home infusion therapy, specialty pharmacy and compounding pharmacy.  It has more than 35 locations in the western United States. Hildred Capital Management pursues growth equity investments in lower middle market healthcare companies with leading products, technologies and services. AleraCare will use the capital provided by Hildred to further enhance its... Read More »