• Proactive MD Reports Third Transaction of 2026 

    On January 16, Proactive MD announced that it acquired undisclosed allergy specialist practices in Virginia. Terms were not disclosed.  Proactive MD is a value-based care provider dedicated to transforming healthcare for patients, employers and health plan partners through integrated solutions. Its integrated model offers centralized... Read More »
  • GSK Acquires Rapt Therapeutics For $2.2 Billion 

    In its first transaction of the year, GSK Plc, announced that it acquired Rapt Therapeutics, Inc. for $58 per share.  That price equates to an aggregate equity value of $2.2 billion, according to GSK, which added that the upfront investment net of cash acquired comes to $1.9 billion. Net of cash acquired, GSK’s estimated upfront investment... Read More »
  • Worldwide Clinical Trials to Acquire Catalyst Clinical Research

    Worldwide Clinical Trials, a global contract research organization (CRO), announced on January 20 that it will be acquiring Wilmington, North Carolina-headquartered Catalyst Clinical Research, LLC. Financial terms of the deal were not disclosed. Catalyst Clinical Research, LLC is a specialized CRO delivering customizable clinical research... Read More »
  • Most Active Physician Group Buyers of 2025

    The deal volume in the Physician Medical Group (PMG) sector was strong throughout 2025, totaling 521 transactions, surpassing the 506 reported in 2024. The subsectors with the most activity were dental (248 deals), eye care (34), dermatology (32) and orthopaedic (31).  The sector’s year-over-year stability is due to strong competition... Read More »
  • ACES Acquires Ally Pediatric Therapy

    ACES announced that it is bolstering its services in Arizona with the acquisition of Paradise Valley-based Ally Pediatric Therapy. Founded in 2017, Ally Pediatric Therapy is a leading provider of applied behavior analysis (ABA) therapy and speech-language therapy to children and young adults with autism and other childhood disorders. Ally... Read More »
Outpatient Surgery Center M&A Market Overview: Deals Decline Amid Persistent Headwinds

Outpatient Surgery Center M&A Market Overview: Deals Decline Amid Persistent Headwinds

Deal activity in the Outpatient Surgery Center market has slowed sharply in 2025 due to a number of headwinds that have extended timelines and reduced transaction momentum. The sector, encompassing ambulatory surgery centers (ASCs), offers 30-50% cost savings on common procedures like colonoscopies and orthopedics compared to inpatient settings. These translate to higher EBITDA margins for operators and favorable reimbursement under value-based care models, yet these advantages have not spurred robust deal flow amid broader headwinds. Year-to-date (YTD) through October 27, 2025, 29 deals have been announced, compared to 57 in fiscal 2024, 38 in 2023 and 45 in 2022. At this point, with... Read More »
AmSurg Acquires Surgery Center of Conway 

AmSurg Acquires Surgery Center of Conway 

AmSurg Corp., backed by Ascension, announced that it acquired Surgery Center of Conway. Physician Transaction Advisors (formally ASCs Inc.) advised Surgery Center of Conway. Terms were not disclosed.  Founded in 2019, the Surgery Center of Conway is a physician-owned, ophthalmology and retina-focused ambulatory surgery center in Conway, South Carolina.  AmSurg Corp. is an independent leader in ASC services, operating a network of approximately 250 surgery centers nationwide. In partnership with physicians and health systems, the organization delivers patient care across a diverse spectrum of medical specialties, including gastroenterology, ophthalmology and orthopedics. ... Read More »
Outpatient Surgery Center M&A Market Overview: Deals Decline Amid Persistent Headwinds

Flagship Healthcare Properties Acquires Panama City, Florida Outpatient Surgery Center

Flagship Healthcare Properties has announced the acquisition of a class A, 100% leased ambulatory surgery center located in Panama City, Florida. The purpose-built multispecialty outpatient surgery center was developed for Northwest Florida Surgery Center and contains three operating rooms and two procedure rooms. The facility is located within a dense medical corridor and surrounded by complementary healthcare providers. Gulf Coast Hospital, a 430-bed acute care facility, is less than a mile away. Flagship Healthcare Properties is an outpatient healthcare real estate firm serving clients in the southern United States. Headquartered in Charlotte, North Carolina, Flagship offers a full... Read More »