The eHealth sector is wrapping up 2016 with a strong finish, with four digital health deals in the first two days of December, this sector’s total has climbed to 146 deals, a 15% increase compared with last year’s total of 126 transactions .
On December 1, Securus Technologies Inc., a privately held technology company specializing in the prison industry, acquired the telemedicine assets of PHD Medical for an undisclosed price. PHD Medical’s hardware, software, management and development assets are a corrections-focused telemedicine solution that improves the treatment and well-being of inmates.
Also on December 1, BioTelemetry, Inc. (NASDAQ: BEAT), a medical device company focused on cardiac monitoring, acquired Telcare Medical Supply, Inc. for an upfront payment of $7 million, with potential additional performance-based earn-outs of up to $5 million in cash.
Telcare Medical is a digital population health management company that was the first to receive FDA approval for a mobile device-enabled blood glucose monitoring (BGM) system. The wireless system conveys real-time results to a cloud-based analytical engine, which synthesizes the data, monitors trends and provides caregivers with this patient information.
On December 2nd, privately held Document Storage Systems, Inc. (DSS) purchased Streamline‘s Looking Glass® platform for $2 million. This platform offers value-based solutions, technology-enabled services and analytics supporting revenue cycle optimization for healthcare companies and consists mainly of patient scheduling and surgery management software.
On the same day, N. Harris Computer Corporation acquired iMDsoft®, which provides clinical information systems for critical, perioperative and acute care settings. Financial terms were not disclosed. iMDsoft®’s lead product, the MetaVision® Suite, generates electronic patient records and provides hospitals with tools for clinical workflow management.