Wheel Health Acquires GoodRx Care’s Backend Virtual Care Technology in $19.5 Million Deal

Wheel Health Acquires GoodRx Care’s Backend Virtual Care Technology in $19.5 Million Deal

Wheel Health acquired GoodRx Care’s backend virtual care technology for $19.5 million. The acquisition includes GoodRx Care’s clinician-centric EMR, clinical management tools and patient experience software. Wheel Health will integrate GoodRx Care’s underlying technology to expand its virtual care platform capabilities. GoodRx will continue to own the consumer-facing GoodRx Care website and mobile app. Based in Austin, Texas, Wheel Health is a healthcare technology company that brings together the tech infrastructure and clinicians needed to power virtual care and telehealth. According to the LevinPro HC database, this was the eighth electronic medical record transaction... Read More »
SCP Health Acquires PREMEDEX in Atlanta Deal

SCP Health Acquires PREMEDEX in Atlanta Deal

SCP Health acquired PREMEDEX in a deal involving two companies based in Atlanta. SCP Health began leveraging PREMEDEX’s engagement capabilities as a strategic partner last year. Terms of the deal were not disclosed. PREMEDEX helps providers and payers improve engagement, drive better results, serve more patients, improve outcomes, drive revenue, reduce costs and increase satisfaction and loyalty. With a portfolio of more than 8 million patients, 7,500 providers in 30 states and 450 healthcare facilities, SCP Health is a leader in clinical practice management, spanning the continuum of care. According ot the LevinPro HC database, this was the 299th eHealth transaction of 2022. It compares... Read More »
ELNA Medical Acquires m-Health Solutions

ELNA Medical Acquires m-Health Solutions

Montreal-based ELNA Medical, Canada’s largest integrated network of medical clinics, announced on November 10 its acquisition of m-Health Solutions in Hamilton, Ontario. ELNA’s acquisition of m-Health Solutions follows its investment earlier this year in virtual care provider MD Connected. CIBC Mid-Market Investment Banking acted as exclusive financial advisor to m-Health Solutions. m-Health Solutions has been a leading remote health diagnostics and monitoring solution for ambulatory patients since 2010. Used by more than 4,300 physicians and specialists in more than 60 hospitals and medical establishments across Ontario, m-Health Solutions provides in-home cardiac diagnostic... Read More »
Zelis Acquires Healthcare Payment Provider Payspan

Zelis Acquires Healthcare Payment Provider Payspan

Zelis announced on November 9 the completion of its acquisition of Payspan, a provider of healthcare electronic payment and reimbursement automation services. Terms of the transaction were not disclosed. FT Partners served as the exclusive financial and strategic advisor to Payspan for this transaction. Payspan was represented by Goodwin Procter LLP and Zelis was represented by Kirkland & Ellis LLP. With 18 years of industry presence, Payspan leverages a large healthcare payment network and flexible payment modalities to drive value-based care reimbursement, improve the patient experience and reduce costs. Payspan connects more than 600 health plans, 1.3 million provider payees and... Read More »
SCP Health Acquires PREMEDEX in Atlanta Deal

U.S. Acute Care Solutions Acquires MIDEO

U.S. Acute Care Solutions acquired MIDEO. Terms of the deal were not disclosed. Canton, Ohio-based U.S. Acute Care Solutions (USACS) is a physician-owned organization established in April 2015 by Emergency Medicine Physicians and private equity firm Welsh, Carson, Anderson & Stowe (WCAS). In February 2021, USACS bought out WCAS’ stake and became 90% owned by its physicians. Several health systems are minority owners. Erie, Pennsylvania-based MIDEO is a video-based advance care planning platform that provides individuals with the ability to visually and verbally communicate their wishes in any medical circumstance. According to the LevinPro HC database, this was the 298th eHealth... Read More »
Amwell Posts Strong Earnings as Converge Platform Grows

Amwell Posts Strong Earnings as Converge Platform Grows

Amwell (NYSE:AMWL) announced its financial results for the third quarter ended September 30, 2022. Amwell, formerly known as American Well, is a telemedicine company that connects patients with doctors over secure video. The company came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.20 per share a year ago. During the call, Ido Shoenberg, Chairman and Co-CEO of Amwell, spoke of progress in migration to Amwell’s digital health platform Converge, showing the company’s understanding that it must offer more than just video televisits to stay relevant post-pandemic. Mr. Shoenberg name-dropped clients such as CVS... Read More »