--- title: "Covington M&A Update: 22 Transactions Over the Past Year" description: Despite the challenging and dynamic market conditions driven by COVID-19 as well as the volatility of an election year, Covington has continued to execute, completing 22 transactions since the pandemic began. We continue to see strong investor interest image: https://www.covllc.com/hubfs/Artifact-Iodine-278x300-1.jpg --- [![covington-logo-horizontal (1)-1](https://www.covllc.com/hubfs/covington-logo-horizontal%20(1)-1.png)](https://www.covllc.com/) ![](https://f.hubspotusercontent30.net/hubfs/3397234/logo-4.png) ![Covington Associates Announces Advisory Role in the Sale of United Rheumatology to Specialty Networks](https://www.covllc.com/hubfs/UR%20-%20Specialty%20Networks.jpg) RECENT POST Oct 6, 2022 12:52:23 PM |   [Press Release](https://www.covllc.com/blog/tag/press-release) ### Covington Associates Announces Advisory Role in the Sale of United Rheumatology to Specialty Networks [View News](https://www.covllc.com/blog/united-rheumatology-specialty-networks) Jun 7, 2021 1:57:00 AM |   [Covington Associates](https://www.covllc.com/blog/tag/covington-associates) # Covington M&A Update: 22 Transactions Over the Past Year --- Despite the challenging and dynamic market conditions driven by COVID-19 as well as the volatility of an election year, Covington has continued to execute, completing 22 transactions since the pandemic began. We continue to see strong investor interest (from both private equity and strategic acquirers) throughout the healthcare, technology and business services segments. If you have interest in current market perspectives, or insights into the transactions we’ve completed (noted below) please contact: ##### Abby Churchill [achurchill@covllc.com](mailto:achurchill@covllc.com) 617-314-3950 ![Artifact-Iodine-278x300-1](https://www.covllc.com/hs-fs/hubfs/Artifact-Iodine-278x300-1.jpg?width=278&name=Artifact-Iodine-278x300-1.jpg) Artifact Health merged with Iodine Software ![Wellcare-Corbel-278x300-1](https://www.covllc.com/hs-fs/hubfs/Wellcare-Corbel-278x300-1.jpg?width=278&name=Wellcare-Corbel-278x300-1.jpg) WellCare recapitalized by Corbel ![Summit-Strive-278x300-1](https://www.covllc.com/hs-fs/hubfs/Summit-Strive-278x300-1.jpg?width=278&name=Summit-Strive-278x300-1.jpg) Summit Express acquired by Strive Medical ![Proven-Process-NextPhase-278x300-1](https://www.covllc.com/hs-fs/hubfs/Proven-Process-NextPhase-278x300-1.jpg?width=278&name=Proven-Process-NextPhase-278x300-1.jpg) Proven Process acquired by NextPhase ![GW-Nolato-Pending-278x300](https://www.covllc.com/hs-fs/hubfs/GW-Nolato-Pending-278x300.jpg?width=278&name=GW-Nolato-Pending-278x300.jpg) GW Plastics acquired by Nolato ![ADS-CourtSquare-278x300-1](https://www.covllc.com/hs-fs/hubfs/ADS-CourtSquare-278x300-1.jpg?width=278&name=ADS-CourtSquare-278x300-1.jpg) ADS recapitalized by Court Square ![Dental-Select-Ameritas-278x300-1](https://www.covllc.com/hs-fs/hubfs/Dental-Select-Ameritas-278x300-1.jpg?width=278&name=Dental-Select-Ameritas-278x300-1.jpg) Dental Select acquired by Ameritas ![Ce3-Catalyst-278x300-1](https://www.covllc.com/hs-fs/hubfs/Ce3-Catalyst-278x300-1.jpg?width=278&name=Ce3-Catalyst-278x300-1.jpg) Ce3 merged with Catalyst ![Azara-Hughes-278x300-1](https://www.covllc.com/hs-fs/hubfs/Azara-Hughes-278x300-1.jpg?width=278&name=Azara-Hughes-278x300-1.jpg) Azara merged with Hughes & Company ![HMC-IBH-278x300-1](https://www.covllc.com/hs-fs/hubfs/HMC-IBH-278x300-1.jpg?width=278&name=HMC-IBH-278x300-1.jpg) HMC Healthworks acquired by IBH ![IQVIA-AllCare-278x300-1](https://www.covllc.com/hs-fs/hubfs/IQVIA-AllCare-278x300-1.jpg?width=278&name=IQVIA-AllCare-278x300-1.jpg) AllCare Plus Pharmacy acquired by IQVIA ![CloudWave-Abry-278x300-1](https://www.covllc.com/hs-fs/hubfs/CloudWave-Abry-278x300-1.jpg?width=278&name=CloudWave-Abry-278x300-1.jpg) CloudWave recapitalized by Abry Partners ![Baril-TEAM-278x300-1](https://www.covllc.com/hs-fs/hubfs/Baril-TEAM-278x300-1.jpg?width=278&name=Baril-TEAM-278x300-1.jpg) Baril acquired by TEAM Technologies ![3-Derm-Digital-Diagnostics-278x300-1](https://www.covllc.com/hs-fs/hubfs/3-Derm-Digital-Diagnostics-278x300-1.jpg?width=278&name=3-Derm-Digital-Diagnostics-278x300-1.jpg) 3Derm acquired by Digital Diagnostics ![Renalogic-Carrick-278x300-1](https://www.covllc.com/hs-fs/hubfs/Renalogic-Carrick-278x300-1.jpg?width=278&name=Renalogic-Carrick-278x300-1.jpg) Renalogic recapitalized by Carricke ![PEI-TPC-278x300](https://www.covllc.com/hs-fs/hubfs/PEI-TPC-278x300.jpg?width=278&name=PEI-TPC-278x300.jpg) PEI acquired by The Partner Companiesl ![Fred-marvin-VSG-1-278x300](https://www.covllc.com/hs-fs/hubfs/Fred-marvin-VSG-1-278x300.jpg?width=278&name=Fred-marvin-VSG-1-278x300.jpg) Fred Marvin acquired by VSG ![Northeast-278x300-1](https://www.covllc.com/hs-fs/hubfs/Northeast-278x300-1.jpg?width=278&name=Northeast-278x300-1.jpg) ARK recapitalized by Healy, Hunter, Provident ![6-Degrees-FTV-278x300-1](https://www.covllc.com/hs-fs/hubfs/6-Degrees-FTV-278x300-1.jpg?width=278&name=6-Degrees-FTV-278x300-1.jpg) 6 Degrees recapitalized by FTV Capital ![Grid-ChaSerg-278x300-1](https://www.covllc.com/hs-fs/hubfs/Grid-ChaSerg-278x300-1.jpg?width=278&name=Grid-ChaSerg-278x300-1.jpg) Grid Dynamics merged with ChaSerg #### COVINGTON ASSOCIATES OVERVIEW Covington Associates is an investment banking firm offering advisory services in the areas of M&A, capital raising, and strategic advisory to middle-market companies across the Healthcare, Business Services, Consumer & Industrial, and Technology verticals. Covington’s mission has remained unchanged since its founding in 1991 – provide clients with the highest caliber of senior-level attention and to remain an advice driven and results focused organization. Since its inception, Covington Associates has completed more than 350 transactions globally for both private and publicly traded companies totaling over $20 billion. ##### Covington Associates Announces Advisory Role in the Sale of IMARC to Avania [Next](https://www.covllc.com/blog/covington-associates-advises-in-the-sale-of-imarc-to-avani) ## Get updates on news, events, and opportunities. #### Quick Links #### Our Transactions #### Get in touch ** ** 99 Summer Street, Suite 200 Boston, Massachusetts 02110 617-314-3950 [![footer-linkedin](https://www.covllc.com/hubfs/footer-linkedin.png) ](https://www.linkedin.com/company/covington-associates) Broker Dealer Services Provided Through Covington Associates, LLC. 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