Editor’s note: Transactions are listed by valuation.
1. CVS Health in 2023 acquired primary care company Oak Street Health for $10.6 billion. The deal gave CVS access to the Chicago-based health system’s value-based primary care network with more than 160 clinics in 21 states, and CVS expects to have more than 300 locations by 2026.
2. In 2023, CVS Health completed its $8 billion acquisition of Signify Health, adding more than 10,000 clinicians. CVS moved to acquire Signify in September 2022 after a bidding war for the Dallas-based health system.
3. Humana fully integrated home healthcare provider Kindred at Home into its health services arm, CenterWell, in a $5.7 billion deal in 2021.
4. In 2022, Optum acquired home healthcare business LHC Group for around $5.4 billion. Lafayette, La.-based LHC Group offers in-home health and hospice care from 964 locations in 37 states.
5. Optum in 2019 acquired DaVita Medical Group in a deal valued at more than $4.3 billion after facing two years of opposition from the Federal Trade Commission.
6. In 2023, Amazon completed its $3.9 billion acquisition of virtual and in-person primary care company One Medical. The acquisition gave Amazon access to more than 200 brick-and-mortar physicians offices, along with roughly 815,000 One Medical members.
7. In 2023, Optum merged with Amedisys, a home health and hospice provider, in a deal valued at $3.26 billion.
8. Optum acquired Houston-based Kelsey-Seybold for around $2 billion in 2022. Kelsey-Seybold is a multispecialty physician group with cancer and women’s health centers, two ASCs and a sleep center.
9. ASC chain United Surgical Partners International acquired more than 90 ASCs from SurgCenter Development for approximately $1.2 billion in 2021.
10. In 2021, Miami-based Gastro Health was sold to private equity company Omers. The enterprise value was estimated around $950 million. The company was previously owned by Audax Private Equity, which acquired Gastro Health in 2016.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
