Philadelphia, Pennsylvania-based Tendo announced on September 27 that it is acquiring MDsave in Brentwood, Tennessee for an undisclosed price. MDsave was advised in this transaction by Harpeth Capital, LLC.
MDsave, Inc. develops online platforms which connect uninsured patients, health savings accounts and high deductible insurance patients with medical providers who offer discounted medical services.
Tendo is a digital engagement software platform connecting patients, clinicians and caregivers. The company was founded in 2020.
The acquisition extends Tendo’s platform and applications to include MDsave’s marketplace, enabling patients to easily seek, schedule, pay for and manage healthcare with transparent pricing through one solution. The transaction is expected to close in October 2023.
According to data captured in the LevinPro HC database, this acquisition represents the 207th eHealth transaction of 2023, including 11 in the patient engagement specialty. This is a significant decrease from last year, when there were 274 eHealth transactions, including 38 patient engagement deals, announced between January 1, 2022, and September 27, 2022.
