JSR Life Sciences to Transfer Crown Bioscience to Adicon Holdings Limited
JSR Life Sciences LLC, a global leader in life sciences materials and services, announced it has entered into a definitive agreement to transfer Crown Bioscience Inc. to Adicon Holdings Limited. The deal will enable Crown Bioscience to operate as a standalone entity under Adicon’s ownership. The transaction, subject to customary closing conditions, is expected to close in 2026. Financial terms were not disclosed. Crown Bioscience is a contract research organization (CRO) specializing in oncology and immuno-oncology drug discovery and development. The company has a comprehensive portfolio of translational oncology services, including its patient-derived xenograft models, tumor... Read More »
Luma Health Takes Over Tonic Health
Luma Health announced that it will be acquiring Tonic Health from R1 RCM, Inc. for an undisclosed price. Tonic Health is a leading provider in dynamic intake, e-consents and patient-reported outcomes. It offers a mobile-first platform that streamlines patient data collection and engagement throughout the care journey. Founded in 2015, Luma Health is an AI-native patient success platform designed to streamline the patient journey by automating scheduling, care coordination, intake and follow-up processes. It is aimed at reducing staff workload and enabling faster access to care for providers and patients alike. Headquartered in San Francisco and with research and development centers in the... Read More »
TUSK Practice Sales Announces Dental Advisory Transaction
TUSK Practice Sales announced that it advised Brown & Nawrocki Restorative and Cosmetic Dentistry on its acquisition by Today’s Dental Network. The financial terms were not disclosed. Brown & Nawrocki Restorative and Cosmetic Dentistry is based in Ormond Beach, Florida. The practice is run by Dr. Andrew M. Nawrocki and Dr. Kimberly Dennis. Today’s Dental Network is a dental services organization based in Florida. It has more than 30 practices under its umbrella. This is its first transaction of the year. According to data captured in the LevinPro HC database, this transaction represents the 430th Physician Medical Group (PMG) acquisition of 2025, and the... Read More »
U.S. Oral Surgery Management Acquires 3 Practices
U.S. Oral Surgery Management (USOSM), a portfolio company of Oak Hill Capital Partners, announced that it expanded its services with the acquisition of three practices: Greenbelt Oral and Facial Surgery, Dugan Oral Surgery and the practice of John Villano, DDS. Run by four physicians, Greenbelt Oral and Facial Surgery is based in Greenbelt, Maryland. Dugan Oral Surgery is an oral and maxillofacial practice based in Oneonta, New York. According to its website, David M. Dugan is the only physician on staff. He is supported by a team of employees. The practice of John Villano, DDS, PC is based in Eugene, Oregon. Dr. Villano is the only physician on staff. USOSM... Read More »A Roundup of LOI Announcements in the Hospital Market
Hospital deals can take a while, and even then, they might not reach the finish line, whether due to regulatory pushback, disagreement over merger terms, or even accusations of misconduct. It’s one of the reasons you might not see a Hospital announcement in our LevinPro HC database; we wait until merger talks are settled and the deal is complete. But we still track Letter of Intent (LOI) announcements, the first step in a Hospital merger. Here is a roundup of some recent ones that are on our radar. CommonSpirit Health and University of Pittsburgh Medical Center CommonSpirit Health and the University of Pittsburgh Medical Center (UPMC) have signed a non-binding LOI that could result... Read More »Union Health, Terre Haute Regional Hospital Close Merger Despite Pushback
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 single health system. Terre Haute Regional Hospital is a 278-bed Level III Trauma Center that generated $113 million in net patient revenue in 2024, the latest financial information available. The deal between Terret Haute and Union Health had been in the works since 2023, when they first submitted their COPA application to the state. The Federal Trade... Read More »
PE-Backed Alliant Insurance Services Buys Highpoint Insurance Group in Texas
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 private equity firm Stone Point Capital, which has been Alliant’s largest institutional investor since June 2015. Highpoint Insurance Group will operate as Alliant following the acquisition. MarshBerry served as financial advisor to Highpoint for the transaction. Financial terms of the deal were not disclosed. According to data captured in... Read More »
MedEvolve Announces Acquisition by Emergence Software
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 medical billing. By tracking every action required to get claims paid, MedEvolve helps leaders identify inefficiencies, reduce avoidable touches and maximize collections. Emergence Software partners with high-potential software companies to provide long-term capital and tailored support. Under Emergence’s ownership, MedEvolve will expand its investments... Read More »Top Health System Divestments of 2025
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 tracked more than 20 divestments from health systems across various sectors, such as Hospitals, Home Health & Hospice and Physician Medical Groups. Here is a selection of the top Health System divestments of 2025 so far. Community Health Systems Selling Spree If it seems like Community Health Systems (CHS) has been selling hospitals and... Read More »Schedule a demo
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