Edwards Lifesciences/BD

Seller: Edwards Lifesciences

Buyer: BD

Announced: June 2024

Deal Value: $4.2B

EV/S Multiple: 4.6x

BD Edwards Lifesciences

Critical Product Line of Edwards Lifesciences, which provides patient monitoring platform with advanced AI algorithms, was acquired by BD for $4.2B, making it the largest HealthTech megadeal so far this year.

Specialty Networks/CardinalHealth

Seller: Specialty Networks

Buyer: CardinalHealth

Announced: January 2024

Deal Value: $1.2B

CardinalHealth Specialty Networks

Specialty Networks, a group purchasing contract and practice enhancement software, was acquired by CardinalHealth for $1.2B.

Cloud Platform


Seller: Alfie

Buyer: KnownWell

Announced: June 2024

KnownWell Alfie

Alfie, an online AI-based obesity management platform, was acquired by KnownWell to add AI capabilities to its obesity care services and boost its clinical decision support system.

VeroSource Solutions/Healwell AI

Seller: VeroSource Solutions

Buyer: Healwell AI

Announced: June 2024

Deal Value: $14.2M

Healwell AI VeroSource Solutions

AI-based data management software provider VeroSource Solutions was purchased for $14.2M by Healwell AI to widen its data interoperability and visualization capabilities and expand its footprint.


Seller: ArtiQ

Buyer: Clario

Announced: April 2024

Clario ArtiQ

AI-powered patient diagnosis and monitoring software provider ArtiQ was acquired by AI-based clinical trial data analytics SaaS Clario to expand its existing portfolio offerings with AI capabilities, especially its respiratory solutions.

Health IT Services

Quintessence Business Solution&Services/Firstsource Solutions

Seller: Quintessence Business Solution&Services

Buyer: Firstsource Solutions

Announced: May 2024

Deal Value: $39.3M

EV/S Multiple: 2.7x

Firstsource Solutions Quintessence Business Solution&Services

Revenue cycle management BPM services provider Quintessence Business Solution&Services was bought by a rival Firstsource Solutions for $39.3M at 2.7x revenue to strengthen its RCM solutions with AI-driven technology and to expand its US footprint.