R1 RCM to Acquire Leading AI Platform Phare Health
On October 14, R1 RCM announced that it has entered into an agreement to acquire Phare Health for an undisclosed price. Phare Health is a healthcare technology company building AI-native solutions for inpatient coding and clinical documentation improvement. Founded in 2023 by a group of healthcare and AI leaders, Phare Health seeks to make healthcare reimbursement fair, transparent and effortless. The company is funded by General Catalyst. Founded in 2003, R1 RCM is an American revenue cycle management (RCM) company servicing hospitals, health systems and physician groups across the United States. The company was jointly acquired by TowerBrook Capital Partners and Clayton, Dubilier &... Read More »
Diversifying for Dominance: Private Equity Activity in 2025
Private equity (PE) interest in healthcare M&A has remained robust in 2025. This heightened interest is driven by a favorable investment climate bolstered by the Federal Reserve’s recent decision to lower the federal funds rate to 4–4.25%. There is also a market shift toward a more investor-friendly environment due to legislative changes like the One Big Beautiful Bill’s impact on Medicare. PE’s activity is noted by firms’ strategic expansion into burgeoning sectors markets such as digital health, specialty pharmacy and in-home care. In the first three quarters of 2025, a total of 507 transactions were announced by a PE firm or a portfolio company. This represents an approximate... Read More »
The IMA Group Expands Clinical Research Division With Chicago Acquisition
The IMA Group announced on October 8 the acquisition of Chicago Research Center (CRC), an independent clinical research site based in Chicago, Illinois. Founded in 2005, CRC is known for its expertise in Phase I–IV trials, focused on the central nervous system, sleep disorders, mood and memory disorders, pain and general medicine. The company operates a research sleep lab for dedicated use in insomnia, apnea, narcolepsy, restless leg and shift work sleep disorder clinical trials. The IMA Group provides government workers with medical, psychological and related evaluations, as well as ancillary services, assists payers with case management and occupational health management solutions and... Read More »
The Braff Group Advises Eagles Wing on its Acquisition by Redwood Family Care
Private equity-backed Redwood Family Care Network announced that it has acquired Eagles Wing, expanding its geographic footprint into the Midwest. Minnesota-based Eagles Wing provides residential and day support services to individuals with developmental disabilities across Beltrami and Polk Counties. Redwood Family Care Network, backed by private equity firm Webster Equity Partners since 2021, is a multi-state organization dedicated to providing person-centered services for individuals with intellectual and developmental disabilities. The Braff Group served as the exclusive financial advisor to Eagles Wing. Polsinelli served as the sell-side legal counsel. Financial terms of the deal were... Read More »
