Ingenovis Health to Acquire HealthCare Support
Ingenovis Health, Inc., one of the fastest-growing providers of healthcare staffing, announced on November 29 that it has agreed to acquire HealthCare Support, a national healthcare staffing platform providing a full range of customized hiring solutions across the country. Financial terms of the transaction, which is expected to close in the first quarter of 2022, were not disclosed. Ingenovis Health is a leading tech-enabled platform for healthcare staffing backed by private investment firms Cornell Capital and Trilantic North America. Formed by the combination of trustaff, CardioSolution, Fastaff Travel Nursing, U.S. Nursing Corporation and Stella.ai, Ingenovis Health combines the power... Read More »
Edifecs to Acquire Health Fidelity
On November 22, Edifecs, Inc. announced that it has signed a definitive agreement to acquire Health Fidelity, a leading provider of risk adjustment solutions for the value-based care era. The acquisition is expected to close in mid-December of this year, pending regulatory approval. Founded in 1996, Edifecs is a premier technology company in the United State healthcare market with solutions focused on interoperability, workflows, value-based care payments and analytics. The company is headquartered in Bellevue, Washington, with additional offices in Atlanta, Georgia and Mohali, India, an engineering center in Moldova and has more than 750 employees globally. Health Fidelity is a San Mateo,... Read More »
Israeli Startup TailorMed Acquires Vivor
On November 29, TailorMed, a leading financial navigation platform that helps healthcare organizations and patients remove financial barriers to care, announced that it has acquired Vivor, a financial assistance technology platform for healthcare providers and life sciences. The financial terms of the transaction were not disclosed. TailorMed is a healthcare technology company that was founded in 2016 with a personal mission to help patients and healthcare providers tackle the financial challenges of care delivery. TailorMed’s platform is used by over 600 healthcare facilities nationwide including leading health systems, pharmacies and clinics. It has locations in New York and Tel Aviv.... Read More »
HomeCentris Healthcare Acquires Grace Home Healthcare
On November 26, HomeCentris Healthcare, LLC announced that it had acquired Grace Home Healthcare, LLC. The deal was closed in October for an undisclosed amount. Headquartered in Owings Mills, Maryland, HomeCentris Healthcare, LLC is an independent home and community-based care organization. It was founded in 2000 and provides its services to private pay clients, Medicaid waiver clients, Medicare clients, veterans, and clients with other third-party payors. With five different locations throughout Maryland, HomeCentris is the state’s largest Medicaid home care provider. In addition, HomeCentris provides personal care services in Philadelphia and Harrisburg, Pennsylvania. Based in Fairfax,... Read More »
PE-Backed Access Dental Management Acquires Two Practices
Last week, private equity-backed Access Dental Management LLC announced that two new dental practices will be joining its network, Optim Dental and Vogue Dental (collectively, Optim Dental). Optim Dental is a multi-million dollar dentistry operation and has built up a growing network of five large dentistry practices throughout North Central Illinois, along with a sixth location in Indiana. The group serves patients with personalized dental treatment and advanced professional care. The deal is valued at around $10 million. The transaction marks Access Dental’s entry into the Illinois and Indiana markets and constitutes the fourth add-on acquisition closed by the organization so far in... Read More »
Pharos Capital’s Charter Health Care Group Acquires Silver Linings Hospice Care
Pharos Capital Group, LLC has announced the acquisition by its post-acute care provider platform Charter Health Care Group of Silver Linings Hospice Care in Albuquerque, marking Charter’s first move into the New Mexico market. Financial terms were not disclosed. Pharos Capital is a physician-founded private equity firm based in Dallas and Nashville. With over $1.3 billion of private equity assets under management as of September 30, 2021, Pharos Capital invests in growing healthcare companies that aim to lower the total cost of care, improve patient outcomes and expand access to care in underserved markets. Charter Health Care is an integrated post-acute care provider offering hospice,... Read More »
Bain Capital & Hellman & Friedman Acquire athenahealth in $17 Billion Deal
The digital health giant athenahealth, Inc. has found two new investors in a $17 billion acquisition. Affiliates of Hellman & Friedman and Bain Capital are joining up to purchase athenahealth from Evergreen Coast Capital and Veritas Capital, which acquired athenahealth and took it private back in 2019 for $5.7 billion. athenahealth partners with more than 140,000 ambulatory care providers, throughout all 50 states and across more than 120 specialties to help these businesses improve care while also optimizing financial performance. The company’s software suite, including its athenaOne cloud platform, provides physician practice-focused services, such as patient... Read More »
CloudMD Acquires MindBeacon
On November 15, CloudMD Software & Services Inc. announced that it will acquire MindBeacon Holdings Inc. for C$116 million, or the equivalent of $92.4 million. Based in Toronto, Canada and founded in 2016, MindBeacon is a leading digital mental healthcare platform that provides a continuum of care, focusing on iCBT (internet-based Cognitive Behavioral Therapy), which is an effective therapy provided through a computer or a mobile device. MindBeacon has established relationships across a broad spectrum of B2C and B2B distribution channels, including healthcare providers, employers and governments. CloudMD, formed in 2013 and previously known as Premier Health Group, offers SAAS-based... Read More »