Carenet Health Picks Up Healthcare Engagement Company Balto Health Services
Carenet Health has announced the acquisition of Balto Health Services, a healthcare engagement provider with operations in the United States and El Salvador. Balto’s capabilities include bilingual patient and member engagement. The company is headquartered in Biloxi, Mississippi. Carenet Health provides healthcare engagement services and 24/7 access to medical care by arranging transportation, organizing home health support and equipment, and explaining the benefits of exams and immunizations. It is headquartered in San Antonio, Texas, with additional office locations in New Mexico, Maine and the Philippines. With the addition of Balto, Carenet will bolster its ability to deliver... Read More »
PE-Backed Activated Insights Buys Patient Engagement Company WeCare Connect
Activated Insights announced that it has acquired WeCare Connect, a Frankenmuth, Michigan-based provider of patient engagement services. The deal was announced on April 9, 2025. WeCare Connect provides communication solutions for long-term and post-acute care organizations. Its platform improves communication between caregivers, families and care providers, fostering engagement and transparency. WeCare Connect currently serves more than 1,300 facilities, with a focus on continuing care retirement communities and not-for-profit senior care organizations. Activated Insights (formerly known as Home Care Pulse) is a provider of recruitment, training, retention and experience management... Read More »
Bain Capital Acquires HealthEdge: Private Equity Giant Expands Healthcare IT Portfolio
Bain Capital has agreed to acquire HealthEdge, a healthcare IT solutions provider, from Blackstone. The transaction, announced on April 8, 2025, is expected to close during the second quarter of 2025, subject to customary closing conditions. The deal is valued at approximately $2.6 billion including debt, representing a 30x multiple of HealthEdge’s $86 million EBITDA. This acquisition aligns with Bain Capital’s strategic focus on healthcare IT investments and marks a successful exit for Blackstone, which acquired HealthEdge in 2020 for approximately $700 million. About HealthEdge HealthEdge provides healthcare IT solutions, including Core Administrative Processing Systems... Read More »
H.I.G. Capital Completes GetixHealth Acquisition
An affiliate of H.I.G. Capital announced on April 7 that it has completed a strategic investment in GetixHealth. GetixHealth is a Texas-based provider of revenue cycle management (RCM) solutions to healthcare providers, featuring a comprehensive suite of services that includes patient responsibility management, eligibility and enrollment, third-party claims resolution, patient access and insurance billing. The company was founded in 1992. Trivest Partners, a Florida-based private equity firm, acquired GetixHealth in March 2015. H.I.G. Capital is a global private equity and alternative assets investment firm with $68 billion in capital under management. Since its founding in 1993, H.I.G.... Read More »
AvaSure Buys Wisconsin Startup Nurse Disrupted
AvaSure announced on March 31 the acquisition of Madison, Wisconsin-based startup Nurse Disrupted for an undisclosed price. Nurse Disrupted is a nurse-led virtual nursing software company that creates telehealth programs for virtual nursing in hospitals and homeless shelters. AvaSure is an intelligent virtual care platform that healthcare providers use to engage with patients, optimize staffing and seamlessly blend remote and in-person care at scale. AvaSure is based in Belmont, Michigan. According to the original deal press release, this marks AvaSure’s second acquisition in nine months, following the purchase of Ouva’s smart room AI technology. Additionally, Tufts Medical Center will... Read More »Schedule a demo
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