Bain Capital Acquires HealthEdge: Private Equity Giant Expands Healthcare IT Portfolio

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

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 »
Bain Capital Acquires HealthEdge: Private Equity Giant Expands Healthcare IT Portfolio

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 »
DispatchHealth and Medically Home to Merge 

DispatchHealth and Medically Home to Merge 

On March 17, it was announced that DispatchHealth and Medically Home entered into an agreement to merge. Once the deal closes, Medically Home will become part of DispatchHealth.   Medically Home is a technology-enabled services company that provides the clinical intellectual property, technology platform and coordination of acute rapid-response services. This allows medical providers to shift advanced medical care from hospitals to patients’ homes.  DispatchHealth provides on-demand acute care and an advanced level of medical care for people of all ages in the comfort of their own homes. The company works closely with payers, providers, health systems, EMS, employer groups... Read More »
EvidenceCare Acquires Agathos in Second Transaction

EvidenceCare Acquires Agathos in Second Transaction

Brentwood, Tennessee-based EvidenceCare announced that it has acquired Agathos in Boulder, Colorado. The purchase price was not disclosed. Agathos is a healthcare IT and physician analytics company. Its mission is to organize health data, generate care insights and improve patient outcomes. EvidenceCare is the leading clinical decision support system with an electronic health record-integrated platform that optimizes clinician workflows to deliver better patient care, reduce hospital costs and capture more revenue. This marks EvidenceCare’s second acquisition in its history. The company also acquired Healthcare Value Analytics in 2021. That deal was how EvidenceCare was introduced to... Read More »
ModMed Announces Significant Majority Growth Investment from Clearlake Capital

ModMed Announces Significant Majority Growth Investment from Clearlake Capital

ModMed announced that it has received a significant majority growth investment from Clearlake Capital Group, L.P. The buyout values the company at $5.3 billion, including debt. ModMed empowers medical practices to grow and scale by delivering better patient experiences with cloud, data and AI technologies. Leveraging extensive clinical data sets, the company designs software solutions to simplify, automate and streamline clinical workflows and drive practice efficiency. With specialty-specific electronic health records, practice management, revenue cycle management and analytics solutions, as well as products for patient engagement, payment processing and marketing, ModMed is trusted by... Read More »