TA Associates Announces Strategic Growth Investment in Alpha II

TA Associates Announces Strategic Growth Investment in Alpha II

TA Associates, a Boston-based private equity firm, announced that it has signed a definitive agreement to make a significant growth investment in Alpha II. As part of the transaction, Alpha II’s existing shareholder WestView Capital Partners will reinvest alongside TA Associates to maintain a minority position in the company. Alpha II is a provider of revenue cycle management (RCM) technology solutions to healthcare providers across the care continuum. TA Associates has invested in more than 560 companies around the world and raised more than $48.6 billion in capital since its founding in 1968. It leads buyouts and minority recapitalizations in the technology, financial services,... Read More »
Florence Acquires Virtual Care Provider Zipnosis

Florence Acquires Virtual Care Provider Zipnosis

New York-based Florence Labs announced on May 24 its acquisition of Minneapolis-based Zipnosis. Zipnosis is a 60-person health tech company that offers a white-labeled virtual care solution that uses asynchronous telemedicine to connect patients with local board-certified physicians. Florence Labs is a health tech company that works with health systems and provider groups to maximize clinical capacity and reduce administrative burden. Florence Labs was founded in 2021 by Aniq Rahman. Through this acquisition, Florence will broaden its product offerings with synchronous and asynchronous virtual care and further their mission to create a consumer-centric interface that engages patients at... Read More »
Intelligent Medical Objects Announces the Acquisition of Melax Technologies

Intelligent Medical Objects Announces the Acquisition of Melax Technologies

Intelligent Medical Objects (IMO) announced that it has acquired Melax Technologies for an undisclosed price. According to data captured in the LevinPro HC database, this acquisition represents the 110th eHealth transaction of the year, and the 18th in the analytics specialty. Melax Technologies is a healthcare data analytics and business intelligence company focused on Natural Language Processing that provides healthcare organizations with actionable insights into clinical and financial performance. The company is trusted by more than 650 healthcare organizations. Founded in 1994, IMO is a healthcare data enablement company that provides clinical terminology management and data quality... Read More »
Aspirion Acquires FIRM Revenue Cycle Management Services

Aspirion Acquires FIRM Revenue Cycle Management Services

Aspirion announced on May 19 that it has acquired FIRM Revenue Cycle Management Services, Inc. for an undisclosed price. The acquisition closed on May 18, 2023. FIRM Revenue Cycle Management Services is an attorney-driven company that utilizes clinicians and case, contract and statutory law to assist hospitals in recovering denied, unpaid and underpaid medical insurance claims. Aspirion is a revenue cycle management (RCM) company that helps hospitals and physicians recover otherwise lost claims revenue from motor vehicle accidents, workers compensation, the Veteran’s Administration and Tricare as well as out-of-state Medicaid, Medicaid eligibility, underpayments and denials. New... Read More »
Intelligent Medical Objects Announces the Acquisition of Melax Technologies

New Mountain Capital Acquires Apixio from Centene

New Mountain Capital announced on May 3 that it acquired Apixio Inc. from Centene Corp. for an undisclosed price. According to data captured in the LevinPro HC database, this acquisition represents the 100th eHealth transaction of the year, and the 15th in the analytics specialty. William Blair is serving as Centene’s financial adviser and Bass, Berry & Sims, PLC as its legal counsel. J.P. Morgan Securities LLC is serving as financial adviser to New Mountain Capital, and Ropes & Gray LLP is serving as its legal counsel.  Apixio provides a technology suite that mines, compiles and analyzes large volumes of disparate, unstructured patient data (such as physician notes and... Read More »
Bonatra Acquires Femtech Startup MyAva

Bonatra Acquires Femtech Startup MyAva

Healthcare start-up Bonatra announced on May 2 its acquisition of women’s health and wellness company MyAva for an undisclosed amount. According to data captured in the LevinPro HC database, this acquisition represents the 98th eHealth transaction of 2023, including 20 in the telehealth specialty. There were 150 eHealth and 21 telehealth deals announced between January 1, 2022, and May 2, 2022. Through this acquisition, Bonatra aims to expand its healthcare programs and become a one-stop platform for the management of chronic health conditions. Terms of the deal were not disclosed. Founded in 2019 by Evelyn Immanuel, MyAva is a femtech start-up that offers curated programs and... Read More »