M&A TRANSACTIONS
Browse 1,126disclosed M&A deals
Named buyers, named targets, disclosed deal values, and EBITDA multiples from SEC filings and press releases. Total transaction value tracked: $1163B+ across 43 sub-verticals.
Largest disclosed deals
2018
Express Scripts Holding Company
← Cigna Corp.
$62.11B· 11.6x EBITDA
2024
Kellanova
← Mars, Inc.
$35.90B· 16.4x EBITDA
2021
Medline Industries
← Blackstone, Carlyle and Hellman & Friedman
$34.00B· 15.5x EBITDA
2025
Walgreens Boots Alliance
← Sycamore Partners
$23.70B· 52.4x EBITDA
2025
Exact Sciences
← Abbott
$21.00B· 44.2x EBITDA
2021
Nuance Communications, Inc.
← Microsoft Corp
$18.76B· 45.9x EBITDA
2025
Hologic, Inc.
← Blackstone / TPG
$18.30B· 14.1x EBITDA
2024
Heritage Pool Supply Group (via SRS Distribution)
← The Home Depot
$18.25B
2024
SRS Distribution
← The Home Depot
$18.25B· 16.6x EBITDA
2024
Zelis Healthcare
← Mubadala Investment, et. al.
$17.00B· 24.3x EBITDA
2022
Athenahealth, Inc.
← Bain Capital / Hellman & Friedman
$17.00B· 16.1x EBITDA
2021
Varian Medical Systems, Inc.
← Siemens Healthineers
$16.40B· 29.4x EBITDA
Most active acquirers
U.S. Physical Therapy, Inc.
strategic
Quipt Home Medical Corp.
strategic
Nova Leap Health Corp.
strategic
CRH Medical Corporation
strategic
Individuals
unknown
RadNet, Inc.
strategic
DentalCorp
strategic
Addus HomeCare Corporation
strategic
WELL Health / CRH Medical Corporation
strategic
Boston Scientific Corporation
strategic
AdaptHealth Corp.
strategic
WELL Health Technologies Corp.
strategic
Browse by sub-vertical
Medical Devices
168 deals
Healthcare It
151 deals
Medical Practice Specialty
88 deals
Home Health
68 deals
Medical Practice Primary Care
67 deals
Ambulatory Surgery Center
61 deals
Physical Therapy
54 deals
Dental Practice
52 deals
Mental Health
51 deals
Pharmacy
49 deals
Durable Medical Equipment
38 deals
Laboratory Services
37 deals
Hospice
35 deals
Imaging Center
24 deals
Food Manufacturing
19 deals
Healthtech
19 deals
Veterinary Practice
19 deals
Urgent Care
18 deals
Healthcare Staffing
14 deals
Insurance Agency
13 deals
Hvac
11 deals
Wholesale Distribution
11 deals
Electrical
8 deals
Auto Dealership
8 deals
Beverage Manufacturing
8 deals
Trucking
7 deals
Accounting Cpa
4 deals
Roofing
3 deals
Warehousing
3 deals
Landscaping
2 deals
3pl
2 deals
Specialty Contractor
2 deals
Optometry Practice
2 deals
Car Wash
1 deal
Collision Repair
1 deal
Childcare Daycare
1 deal
Food Distribution
1 deal
Freight Brokerage
1 deal
Pest Control
1 deal
Specialty Retail
1 deal
Courier Delivery
1 deal
Auto Repair
1 deal
Cleaning Commercial
1 deal
Recent deals
| Year | Target | Acquirer | Value | EV/EBITDA |
|---|---|---|---|---|
| 2026 | HealthEZ | Blue Cross Blue Shield of New Jersey | $360M | 21.1x |
| 2026 | Unilever Foods Division | McCormick & Company | $15.70B | 16.1x |
| 2026 | EyeSouth Partners' Retina Business | Cencora, Inc. | $1.10B | 10.0x |
| 2026 | Owen Mumford Holdings | Embecta | $201M | — |
| 2026 | Talkspace, Inc. | Universal Health Services, Inc. | $835M | 52.9x |
| 2026 | Palmetto Primary Care Physicians | MUSC | $111M | — |
| 2026 | GeneSeek (Neogen Animal Genomics) | Zoetis | $160M | — |
| 2026 | Gleamer | RadNet, Inc. | $270M | — |
| 2026 | Gleamer SAS | RadNet, Inc. | $252M | — |
| 2026 | Mister Car Wash | Leonard Green & Partners | $3.10B | 9.0x |
| 2026 | Eucalyptus | Hims & Hers Health, Inc. | $1.15B | — |
| 2026 | Champions Group | Blackstone (BXPE) | $2.50B | 17.9x |
| 2026 | WK Kellogg Co | Ferrero Group | $3.10B | 11.6x |
| 2026 | Northwest Radiology Network | RadNet, Inc. | $9M | — |
| 2026 | Industrial Injury Prevention Company | U.S. Physical Therapy, Inc. | $22M | — |
| 2026 | Unbound Medicine | MPS Ltd | $17M | — |
| 2026 | Woodburn Nuclear Medicine | RadNet, Inc. | $30M | 9.7x |
| 2026 | Newfront Insurance | WTW (Willis Towers Watson) | $1.05B | — |
| 2026 | FirstFleet Inc. | Werner Enterprises | $283M | — |
| 2026 | Woofter Family Medicine | United Physician Care | $0M | — |
| 2026 | University Compounding Pharmacy | Fagron | $42M | — |
| 2026 | Joe Hudson's Collision Center | Boyd Group Services (Gerber Collision & Glass) | $1.30B | 9.3x |
| 2026 | Consulting Cardiologists | Hartford HealthCare | $3M | — |
| 2026 | Radiology Regional (13 LucidHealth Locations) | RadNet, Inc. | $65M | — |
| 2026 | Radiology Regional (LucidHealth) | RadNet, Inc. | $65M | — |
| 2025 | B Medical Systems (Azenta) | THELEMA S.A. R.L. | $63M | — |
| 2025 | Power Solutions, LLC | Dycom Industries | $1.95B | 9.7x |
| 2025 | Quipt Home Medical Corp. | Kingswood Capital Management / Forager Capital Management | $260M | 4.7x |
| 2025 | OneOncology | Cencora, Inc. | $7.40B | 19.0x |
| 2025 | Medical Manufacturing Technologies | Perimeter Solutions, Inc. | $685M | 13.7x |
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