Megadeals

Iodine/Waystar

Seller: Iodine

Buyer: Waystar

Announced: July 2025

Deal Value: $1.2B

Waystar Iodine

Iodine, a provider of AI-based revenue cycle and clinical documentation integrity management software, was pocketed by Waystar for $1.2B.

HealthEdge/Bain Capital

Seller: HealthEdge

Buyer: Bain Capital

Announced: April 2025

Deal Value: $2.6B

Bain Capital HealthEdge

HealthEdge, a healthcare administration and workflow management software provider, was acquired by Bain Capital for $2.6 billion.

CentralReach/Roper Technologies

Seller: CentralReach

Buyer: Roper Technologies

Announced: March 2025

Deal Value: $1.65B

Roper Technologies CentralReach

AI-based EMR and practice management software provider CentralReach was purchased by Roper Technologies for $1.65B.

CareAllies/HCSC

Seller: CareAllies

Buyer: HCSC

Announced: March 2025

Deal Value: $3.3B

HCSC CareAllies

Medical data and advisory services provider​​​ CareAllies was acquired by HCSC for $3.3B in March, making it the largest deal so far this year.

Cloud Platform

Paige.AI/Tempus AI

Seller: Paige.AI

Buyer: Tempus AI

Announced: August 2025

Deal Value: $81M

Tempus AI Paige.AI

Paige.AI, a provider of AI-powered digital pathology software for cancer detection, diagnostics, pathology image analysis and biomarker prediction, was acquired by Tempus AI to build out Tempus' dataset and experienced technical team while establishing a footprint in the digital pathology space. 

Aluna/Huma

Seller: Aluna

Buyer: Huma

Announced: May 2025

Huma Aluna

Sensor-based spirometer devices and AI-enabled remote patient monitoring software provider Aluna was bought by Huma to strengthen its offerings for respiratory disease management.