Universal Health Services Buys Talkspace for $835 Million

Universal Health Services Buys Talkspace for $835 Million

Universal Health Services (UHS) has entered into a definitive agreement to acquire Talkspace, Inc. for $5.25 per share. The enterprise value for the transaction is approximately $835 million, which UHS intends to finance with borrowings pursuant to its existing revolving credit facility. Talkspace is a telebehavioral healthcare company. Its signature psychotherapy and psychiatry product connects users with a network of thousands of licensed mental health providers through an easy-to-use and HIPAA-compliant web and mobile platform. Headquartered in King of Prussia, Pennsylvania, UHS has approximately 101,500 employees. Though its subsidiaries, it operates 29 acute care hospitals, 346... Read More »
Health Recovery Solutions Acquires Remote Patient Monitoring Company Rimidi

Health Recovery Solutions Acquires Remote Patient Monitoring Company Rimidi

Health Recovery Solutions (HRS) announced on March 4 its acquisition of Atlanta, Georgia-based Rimidi. Rimidi is a chronic disease management and remote monitoring company with deep roots in diabetes and cardiometabolic management. The company supports healthcare providers with electronic health record-integrated software, services and connected devices. HRS is a New Jersey-based healthcare technology company with a remote patient monitoring and enterprise remote patient care platform. The acquisition enables HRS customers to access Rimidi’s capabilities. Current HRS customers will benefit from enhanced diabetes and clinical management capabilities alongside their existing... Read More »
Guideway Care Acquires Patient Engagement Company Waypoint Healthcare Solutions

Guideway Care Acquires Patient Engagement Company Waypoint Healthcare Solutions

On March 3, Guideway Care, Inc. announced the completion of the acquisition and integration of Waypoint Healthcare Solutions, LLC. Waypoint Healthcare Solutions is focused on helping health systems and practices improve patient engagement through the use of voice AI and care orchestration technologies. The company is based in Houston, Texas. Guideway Care specializes in evidence-based patient activation solutions that improve clinical and financial outcomes for healthcare organizations. The Guideway GPS solution provides tested, governed and structured behavioral execution for every patient or member interaction. According to Guideway, the acquisition of Waypoint will extend... Read More »
PE-Backed Quantum Health Acquires CirrusMD

PE-Backed Quantum Health Acquires CirrusMD

Quantum Health has purchased CirrusMD, according to a March 3 press release. Quantum Health is backed by Great Hills Partners, a Boston, Massachusetts-based private equity firm. The combined company will include more than 2,300 team members and serve more than 20 million members across private and public sector organizations throughout the United States. CirrusMD is a premier on-demand virtual care company with a text-based platform that connects more than 13 million members with physicians in under 60 seconds. Quantum Health operates as a consumer navigation and care coordination company that serves the healthcare needs of self-funded public- and private-sector employers in the United... Read More »
Health Recovery Solutions Acquires Remote Patient Monitoring Company Rimidi

Maxx Orthopedics Acquires TracPatch 

On February 27, Maxx Orthopedics Inc. reported that it entered into an agreement to acquire TracPatch from Granger Group.   TracPatch is a non-invasive, FDA Class I exempt medical device that provides a digital health solution designed to provide accessible, connected and more predictable recovery. It provides surface-sensor, remote patient monitoring devices and data capture for musculoskeletal health. Granger Group purchased TracPatch in August 2023 for an undisclosed price.  Maxx Orthopedics is a manufacturer and developer of orthopedic medical devices and integrated solutions designed to restore mobility while addressing patient lifestyle, anatomical and economic... Read More »
Universal Health Services Buys Talkspace for $835 Million

QC Capital Announces Strategic Investment in My Pediatric Doctor

Charlotte, North Carolina-based QC Capital Group has made a strategic investment in My Pediatric Doctor, adding the company to its portfolio. Financial terms of the deal were not disclosed. My Pediatric Doctor is a 24/7 acute urgent care pediatric-focused telemedicine platform delivering virtual healthcare to children in all 50 states, along with Guam and Puerto Rico. QC Capital Group is a private equity and alternative investment firm focused on building and scaling high-growth platforms across healthcare, real estate and operating businesses. Eric Doherty, an executive with a background in healthcare and operations, will helm the organization as CEO of My Pediatric Doctor, and will... Read More »