Megadeals

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.

Nexus/TA Associates

Seller: Nexus

Buyer: TA Associates

Announced: January 2025

Deal Value: $1.3B

EV/S Multiple: 4.3x

TA Associates Nexus

Nexus, a German medical information systems and IT services firm, was bought by TA Associates for $1.3B in January.

Cloud Platform

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.

Genoox/Qiagen

Seller: Genoox

Buyer: Qiagen

Announced: May 2025

Deal Value: $70M

Qiagen Genoox

Genoox, an AI-driven genomic data interpretation software firm, was acquired for $70M by preclinical-stage biotechnology company QIAGEN to add next-generation sequencing (NGS) data analysis capabilities to support clinical decision-making. 

iCAD/RadNet

Seller: iCAD

Buyer: RadNet

Announced: April 2025

Deal Value: $99M

EV/S Multiple: 4.1x

RadNet iCAD

AI-powered cancer detection software provider iCAD was acquired for $99M at 4.1 times revenue in April by diagnostic imaging services and digital health solutions company RadNet to enhance its DeepHealth solutions portfolio and facilitate early cancer detection.