CareCloud Rekindles M&A Efforts with MesaBilling Acquisition

CareCloud Rekindles M&A Efforts with MesaBilling Acquisition

After a brief pause in deal making, CareCloud, Inc. is back in buying mode with an acquisition in the revenue cycle management (RCM) space. CareCloud announced the successful purchase of Mesa, LLC, doing business as MesaBilling, marking its first acquisition since Q2 2021. MesaBilling is a Brookfield, Wisconsin-based company that is focused on making medical billing easier. The company reports financial, insurance carrier and patient claim information. CareCloud is a publicly traded American healthcare information technology company that provides services to healthcare providers and hospitals. CareCloud’s suite of technology-enabled solutions helps clients increase financial and... Read More »
Lohmann & Rauscher Acquires German Telemedicine Company OnlineDoctor

Lohmann & Rauscher Acquires German Telemedicine Company OnlineDoctor

Lohmann & Rauscher (L&R) announced on February 26 that it has acquired telemedicine company OnlineDoctor AG. This acquisition of a digital health start-up marks the first in L&R’s corporate history. OnlineDoctor is a provider of teledermatology in Switzerland and Germany, offering digital skin diagnoses by medical specialists. With around 800 dermatologists and partnerships with pharmacies and health insurance companies, OnlineDoctor enables rapid diagnoses. L&R is a German-Austrian manufacturer of medical devices and hygiene products. The company is a result of a merger in 1998 between Lohmann (established in 1851) and Rauscher (formed in 1899). L&R’s... Read More »
EXA Capital Acquires EHR Company PrecisionCare

EXA Capital Acquires EHR Company PrecisionCare

EXA Capital has announced the acquisition of PrecisionCare for an undisclosed price. This acquisition strengthens EXA Capital’s presence in the healthcare technology sector and expands its portfolio into the space of care management solutions. Founded in New York in 1999, PrecisionCare provides a SaaS platform specializing in electronic health records (EHR) and care management solutions for the behavioral health and long-term care industries. EXA Capital is a long-term focused acquirer and operator of software companies. Founded in 2020, EXA focuses on a buy-and-hold forever strategy for enterprise software companies. EXA Capital is committed to preserving the mission, values and... Read More »
Revco Solutions and Wakefield & Associates Announce Strategic Merger

Revco Solutions and Wakefield & Associates Announce Strategic Merger

Revco Solutions and Wakefield & Associates announced on February 19 a strategic merger between the two companies. The combined entity will operate as Revco Solutions. Established in 1933, Wakefield & Associates offers healthcare revenue cycle management (RCM) solutions to maximize revenue and streamline operations. The company is based in Aurora, Colorado. Revco Solutions, a portfolio company of Longshore Capital Partners, was formed through the merger of Professional Recovery Consultants and Credit Bureau Collection Services in 2019. The company provides RCM services across a multitude of industries. Leadership continuity has been a key focus throughout this transition. Mark... Read More »
Summer Health Acquires Caraway Health 

Summer Health Acquires Caraway Health 

New York City-based Summer Health announced on February 11 that it entered into an agreement to acquire Caraway Health.  Caraway Health is a Gen Z-focused virtual care company that was founded in 2022. The company is focused on caring for Gen Z women’s health. It offers a wide array of mental health services, as well as physical and reproductive health, for women between the ages of 18 and 29.  Summer Health is a pediatric telehealth messaging service that provides parents with access to pediatric care at any time of the day via text message.  The deal will give Summer Health a new foothold in adolescence and early adult health. Financial terms of the deal were not... Read More »
Mayer Brown Advises Marlin Equity Partners on Acquisition

Mayer Brown Advises Marlin Equity Partners on Acquisition

Chicago-based international law firm Mayer Brown announced that it has advised Marlin Equity Partners on its acquisition of EIDO Holdings Limited in Nottingham, United Kingdom. EIDO will be merged with Radar Healthcare, a Marlin Equity Partners portfolio company. Financial terms of the deal were not disclosed. EIDO Holdings Limited is a provider of digital consent and patient information solutions, specializing in creating clear, accurate and accessible content to support informed consent in healthcare. Marlin Equity Partners is a Hermosa Beach, California-based global investment firm with more than $9 billion in capital commitments. It is focused on providing corporate parents,... Read More »