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Cotiviti Acquires Edifecs
On February 10, Cotiviti announced that it acquired Edifecs, Inc. for an undisclosed purchase price. Founded in 1996, Edifecs provides solutions focused on interoperability, workflows, value-based care payments and analytics in the healthcare market. The company optimizes the secure exchange and processing of administrative and clinical data, reducing the cost of meeting various regulations and automating workflows involved in multiple core processes within the healthcare ecosystem. Cotiviti provides analytics-driven payment accuracy solutions primarily focused on the healthcare industry. On a trailing 12-month basis, ending on September 30, 2024, it generated revenue of... Read More »
Teladoc Health to Acquire Dallas, Texas-Based Catapult Health
Teladoc Health announced on February 5 that it signed a definitive agreement to acquire Catapult Health, a Dallas, Texas-based provider of virtual preventive care services. Catapult Health is focused on transforming the delivery of preventive and primary care through its VirtualCheckup and worksite checkup solutions. VirtualCheckup is an at-home testing solution combined with face-to-face video consultations with licensed healthcare providers. According to the original deal press release, Catapult Health’s trailing twelve-month revenue was approximately $30 million as of the third quarter of 2024. Catapult Health’s annualized revenue for 2024, based on the first three quarters,... Read More »
Sagility Acquires Arizona-Based BroadPath Healthcare Solutions
Westminster, Colorado-based Sagility announced its acquisition of BroadPath Healthcare Solutions, headquartered in Tucson, Arizona. The acquisition aligns with Sagility’s strategy to diversify its client base and add new capabilities to its services portfolio. BroadPath Healthcare Solutions is a healthcare-focused services company. BroadPath operates a work-from-home delivery model with more than 1600 employees located across the United States and Philippines. Its service portfolio includes member engagement, member acquisition, claims and appeals administration, provider enrollment and credentialing. Sagility is a leading provider of technology-enabled business process management... Read More »
Iris Telehealth Expands Telepsychiatry Services With InnovaTel Acquisition
Iris Telehealth announced on January 21 the acquisition of InnovaTel, a division of Quartet Health. Financial terms of the deal were not disclosed. InnovaTel is a clinically-led mental health as a service platform dedicated to improving mental health outcomes for individuals and communities by providing timely access to a national network of qualified psychiatrists, psychiatric nurse practitioners and licensed clinical social workers. InnovaTel by Quartet Health is backed by private equity firm Canyon Healthcare Partners. Iris Telehealth helps healthcare organizations increase access to behavioral health care for their patients by providing the care models, clinicians, analytics and... Read More »
InTandem Capital Completes Strategic Investment in Healthfuse
InTandem Capital Partners, LLC, a healthcare services-focused private equity firm, announced that it has completed a strategic equity investment in Milwaukee, Wisconsin-based Healthfuse. Founded in 2011, Healthfuse combines proprietary technology, analytics and research to help hospitals build, operate and optimize their revenue cycle vendor management office and guarantees bottom-line improvement. Healthfuse has delivered more than $1.5 billion in bottom-line improvements for its clients, which includes a network of more than 350 hospitals nationwide. New York-based InTandem Capital Partners invests in and helps accelerate the growth of small to mid-sized companies in select healthcare... Read More »Schedule a demo
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