OneOncology Purchases Cancer Management Platform Navigating Cancer

OneOncology Purchases Cancer Management Platform Navigating Cancer

OneOncology announced its acquisition of Navigating Cancer on September 4, 2024. Navigating Cancer is a comprehensive patient engagement and care management platform. The digital health company is based in Seattle, Washington. OneOncology is a national network of independent community oncologists who assist partner practices in expanding their cancer care services. The company’s 1,000 cancer care providers care for approximately 615,000 patients at more than 339 sites nationwide. In April 2023, OneOncology was acquired by TPG Capital and AmerisourceBergen from General Atlantic. The acquisition has already allowed Navigating Cancer to accelerate technology investments to benefit... Read More »
Durham-Based PatientPay Merges with ClearGage

Durham-Based PatientPay Merges with ClearGage

Durham, North Carolina PatientPay announced that it has closed its merger with Tampa, Florida-based ClearGage. The combined company will continue under the PatientPay name, with PatientPay CEO Tom Furr remaining in his role. ClearGage is a healthcare payment technology company dedicated to making patient responsibility more transparent and affordable for everyone. Founded in 2009 by a team of experts from healthcare, employee benefits and payment processing industries, ClearGage was created to address the growing need for healthcare payment solutions with a consumer-driven experience. ClearGage’s tools provide comprehensive coverage for the entire patient revenue cycle management... Read More »
Notable eHealth M&A Activity of 2024, So Far

Notable eHealth M&A Activity of 2024, So Far

The eHealth sector has witnessed a flurry of high-stakes M&A activity in 2024, with billion-dollar deals dominating the headlines. While the overall eHealth deal volume has dipped by 18% compared to the same period last year (155 deals versus 187 announced between January 1, 2023, and August 26, 2023), the sector has still attracted substantial investment, with announced spending reaching more than $17 billion year to date. The recent decline in deal volume follows a peak in 2021 (366 deals), and significant deal activity in 2022 (325 deals) and 2023 (274 deals), reflecting a shift from the rapid expansion during the early pandemic years to a more stabilized and strategically focused... Read More »
Arsenal Capital Partners to Acquire Knowtion Health

Arsenal Capital Partners to Acquire Knowtion Health

Arsenal Capital Partners, a New York-based private equity firm, announced it has signed a definitive agreement to acquire Knowtion Health. Sunstone Partners, the current majority owner of Knowtion, will maintain a significant strategic co-investment in the company. Knowtion Health (formerly known as RSource Healthcare) is a Boca Raton, Florida-based provider of revenue cycle management (RCM) services to hospitals and health systems. The company leverages AI-driven technology and deep domain expertise to reduce denials and underpayments across all denial types, low balance accounts and complex claims, while also enhancing patient experience and satisfaction. Arsenal Capital Partners... Read More »
Durham-Based PatientPay Merges with ClearGage

Danaher Corporation Acquires Genedata AG 

On August 18 Danaher Corporation, based in Washington, D.C., announced the acquisition of Genedata AG for an undisclosed price.   Founded in 1997 and headquartered in Basel, Switzerland, Genedata is at the forefront of transforming data into intelligence for the life sciences industry. Genedata delivers scalable and open solutions that enhance R&D productivity, serving top global biopharmaceutical and biotechnology organizations around the globe.  Danaher is a leading global life sciences and diagnostics innovator, committed to accelerating the power of science and technology to improve human health. The company designs, manufactures and markets professional, medical,... Read More »
Durham-Based PatientPay Merges with ClearGage

U.S. Bank Acquires Healthcare Payments Platform Salucro Healthcare Solutions

U.S. Bank, lead bank of U.S. Bancorp, announced on August 22 that it has acquired Salucro Healthcare Solutions LLC, a provider of healthcare financial technology. This acquisition builds on U.S. Bank’s more than a century of service to healthcare-focused clients. Founded in 2004 and based in Tempe, Arizona, Salucro is a market leader in providing online billing and payments offerings for healthcare providers across the United States. With more than 70,000 employees and $680 billion in assets as of June 30, 2024, U.S. Bancorp is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally... Read More »