Digital specialty care startup Switchboard Health has announced the acquisition of Livara Health, a provider of virtual orthopedics and musculoskeletal (MSK) care programs for health plans and risk-bearing providers.
The financial terms of the transaction were not disclosed.
In conjunction with the acquisition, Switchboard closed a $5 million equity financing round from existing Livara and Switchboard investors as well as new backers. New and returning investors include First Trust Capital Partners, Route 66 Ventures, A1 Health Ventures, Allumia Ventures, and Martin Ventures.
Through this acquisition, Switchboard Health will embed Livara’s virtual musculoskeletal program in its automation platform for referral management and care navigation. The combination will enable Switchboard’s provider and health plan clients to seamlessly enroll patients in Livara Health. For nearly four years, Switchboard has connected people to specialty care; now it will also deliver care.
“Our mission is to transform patients’ and providers’ experiences with MSK care, delivering convenient, effective, virtual support to patients,” said Rob Cohen, CEO of Livara Health. “We’re excited to see Switchboard integrate Livara Health into its referral and care navigation workflows to scale the delivery of high-value MSK care,” added Rob Cohen.
Digital Health M&A activity has picked up in the 1H (first half) of 2026. 400+ digital health startups were acquired in 1H 2026, up 100% YoY, compared to 1H 2025. More recently, BVP Forge, the private equity arm of Bessemer Venture Partners, announced an investment in Nevvon, one of the largest providers of compliance and training infrastructure for the home care, home health, and facility-based care workforce.
In another deal, Custom Health Holdings has entered into a definitive agreement to acquire Spencer Health Solutions, a developer of an in-home smart dispensing and monitoring system, for $25 million.