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Earnings Week in Review: Navigating Challenges and Growth in Q3 2024 Healthcare
We’re taking a look at some of the major companies reporting earnings in the week of October 28 – November 1, across a variety of sectors. Managed Care providers Humana and Cigna reported significant growth, driven by their health insurance offerings. The eHealth space saw Teladoc Health and American Well Corp. navigating competitive pressures and market shifts, highlighting the dynamic nature of digital health. Meanwhile, Stryker Corp.’s strong earnings performance in the Medical Devices segment contrasted with Avanos Medical’s struggle with cost pressures. These earnings reports offer a comprehensive view of the healthcare industry’s current performance and future... Read More »
VitalHub Announces Acquisition of Strata Health
VitalHub Corp. announced that it has acquired Strata Health Solutions Inc., a leading provider of patient flow solutions internationally. Strata Health is being purchased for a total up-front consideration of $32.3 million CAD (approximately $23.3 million USD), plus potential performance-based consideration. Based in Calgary, Canada, Strata Health designs, builds and deploys software that improves access and navigation to care. Strata Health has more than 80 health system partners and works with more than 500 hospitals to provide more than 800,000 patient transitions annually. The company serves customers in Canada, the United States, the United Kingdom and New Zealand with offices... Read More »
Francisco Partners to Acquire AdvancedMD from Global Payments
Francisco Partners announced on October 30 that it signed a definitive agreement to acquire AdvancedMD from Global Payments, Inc., a leading worldwide provider of payment technology and software solutions. Founded in 1999, AdvancedMD provides a cloud native medical office software platform that unifies practice management, electronic health record, patient engagement and payments software solutions. AdvancedMD’s end-to-end practice and patient workflow solutions help healthcare practices, independent physicians and medical billers optimize operations, reduce administrative burdens, manage higher patient encounters and improve patient outcomes. Francisco Partners is a private equity firm... Read More »
CopilotIQ and Biofourmis Merge to Create AI-Driven Platform for In-Home Care
Nashville, Tennessee-based CopilotIQ and Boston, Massachusetts-based Biofourmis have announced a strategic merger between the two companies. Biofourmis is a global technology-enabled care delivery company, delivering in-home care solutions serving enterprise healthcare customers. Driven by data and FDA-cleared algorithms, the Biofourmis platform delivers interventions personalized to the individual and their disease. It’s configurable and scaleable, to adapt to the needs of organizations and patient populations. Biofourmis has received funding from both General Atlantic and Openspace Ventures. CopilotIQ, which launched in 2021, offers at-home remote health monitoring for older patients.... Read More »
Digital Mental Health Company Resilience Lab Buys Telehealth Platform Options MD
New York-based mental health technology company Resilience Lab has acquired online psychiatric medication management platform Options MD. The transaction closed on September 28 and was announced on October 8, 2024. Options MD is a telemedicine platform that provides personalized care for people suffering from severe and treatment-resistant mental illnesses. Resilience Lab is an online mental healthcare platform that connects patients with therapists who specialize in depression, anxiety, attention-deficit/hyperactivity disorder, post-traumatic stress disorder, obsessive-compulsive disorder and more. The acquisition allows Resilience to integrate Options MD’s medication management and... Read More »Schedule a demo
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