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 »
Axsome Therapeutics Acquires Baergic Bio
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 clinical-stage biopharmaceutical company developing novel therapies for the management of central nervous system disorders. According to its financial reports, the company reported $385.7 million in revenue for the full year 2024. Avenue Therapeutics, a specialty pharmaceutical company, initially purchased Baergic Bio in 2022. The transaction... Read More »
Ivy Rehab acquires Kinnelon Physical Therapy
Ivy Rehab, based in Harrison, New York, announced that it entered into an agreement to acquire Kinnelon Physical Therapy. Kinnelon Physical Therapy is a rehabilitation and orthopedic provider serving Northern New Jersey for more than 36 years. Founded in 2003, Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, is a network of outpatient physical, occupational and speech therapy and applied behavior analysis clinics throughout the United States. This partnership represents Ivy Rehab’s continued investment in New Jersey communities and its commitment to supporting practices that deliver patient-centered, high-quality care. Terms... Read More »
Prism Vision Group Acquires Spokane Eye Clinic
On November 6, Prism Vision Group announced its first acquisition of the year with the purchase of Spokane Eye Clinic. Spokane Eye Clinic is a leading eye care practice with four locations in Spokane, Washington. According to its website, there are 26 physicians on staff. Prism Vision Group (formerly known as NJ/Retina), a portfolio company of McKesson Corporation, is a physician-led ophthalmology administrative services care provider. Launched in July 2019, Prism has 870 locations, more than 150 providers and more than 1,300 employees throughout New Jersey, Pennsylvania, Delaware, Virginia, Maryland and the District of Columbia. This is Prism’s first acquisition since it... Read More »LevinPro HC Stat of the Week, November 7, 2025
Source: LevinPro HC, November 2025 Following the launch of General Atlantic and Hospital for Special Surgery’s new platform focused on ambulatory surgery centers, we examined where health systems have been directing their attention in the M&A market. The chart above shows how, from Q3:24 to Q3:25, health systems were much more aggressive in their push into alternative healthcare sectors outside of Hospitals, with 58% of their acquisitions in Q3 focused on non-hospital healthcare entities. The data doesn’t weigh the impact of the outpatient networks usually involved in health system mergers, but we thought this chart gives a clear visual to show the direction health systems are going in... Read More »
Woodside Health Announces 6th Acquisition of 2025
On November 3, Woodside Health reported that it acquired the Pinnacle Medical Outpatient Building, a medical outpatient building (MOB) in Bend, Oregon. Built in 2007, the 37,486 square foot MOB sits on 3.8 acres and is 100% leased to a diverse group of medical practices. The building is strategically located in Bend’s medical corridor with proximity to St Charles Bend Hospital, a 344-bed level II trauma center and twelve nearby senior living communities. Woodside Health is a private equity firm that invests in healthcare real estate. Since 2008, the firm has acquired more than 4 million square feet of healthcare real estate and completed approximately $1.5 billion in... Read More »Schedule a demo
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