After a three-year partnership, Goldman Sachs is selling Marathon Health to General Atlantic LLC. Goldman Sachs acquired the company for $30 million back in 2016. Financial terms were not disclosed for the sale.
Marathon Health provides digital health solutions to providers and healthcare organizations to help with health assessment, risk identification, coaching and advocacy, including disease management for high-cost chronic conditions. Marathon’s platform also offers electronic health record management, fitness tools and wellness support.
General Atlantic’s majority stake investment will help Marathon further scale its operations and footprint to serve employees, spouses and dependents across the United States.
Risk assessment seems to be the trending feature in the digital health deals for October. Earlier in the month, RLDatix bought Quantros’ patient safety business for an undisclosed price. The patient safety business helps hospitals and healthcare organizations monitor, track and analyze adverse patient events. The business has nearly 4,000 clients. This deal improves the company’s capabilities in governance, risk and compliance solutions and expands its data and analytics solutions with new datasets from a diverse collection of healthcare organizations.
Cority, a portfolio company of Thoma Bravo and a recognized leader in occupational health solutions, acquired Axion Health, Inc. in mid-October. Axion offers occupational and employee health software solutions to healthcare companies and institutions.
Axion’s SaaS solution, ReadySet, provides immunization management, injury and illness, case management and workers’ comp, unique online pre-placement, wellness, vision testing and more. This acquisition strengthens Cority’s ability to deliver value to healthcare organizations by adding the best-in-class turnkey solution for employee health.
Overall, October has been a busy month for the eHealth sector. So far, there have been 16 deals, roughly 26% of the total deals announced so far, according to our Deal Search Online database. Unfortunately, the only announced price comes from Frazier Healthcare Partners’ acquisition of MedData, Inc., a subsidiary of Mednax (NYSE: MD) for $250 million.
