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WELL Health Subsidiary WELLSTAR Acquires 2 Healthcare Billing Companies
WELL Health Technologies Corp. announced that its majority-owned subsidiary WELLSTAR Technologies Corp. has completed two strategic medical billing acquisitions: PatientSERV Corporation and Lambert Médico Factures Inc. These acquisitions significantly expand WELLSTAR’s presence in Canada’s largest provincial markets and extend its billing coverage to six provinces nationwide. PatientSERV Corporation is a leading uninsured and third‑party medical billing platform based in Ontario, Canada. The company is an Ontario Medical Association partner. Lambert Médico Factures is a medical billing provider based in Quebec, Canada. WELLSTAR Technologies Corp. is a Canadian digital health company... Read More »
Universal Health Services Buys Talkspace for $835 Million
Universal Health Services (UHS) has entered into a definitive agreement to acquire Talkspace, Inc. for $5.25 per share. The enterprise value for the transaction is approximately $835 million, which UHS intends to finance with borrowings pursuant to its existing revolving credit facility. Talkspace is a telebehavioral healthcare company. Its signature psychotherapy and psychiatry product connects users with a network of thousands of licensed mental health providers through an easy-to-use and HIPAA-compliant web and mobile platform. Headquartered in King of Prussia, Pennsylvania, UHS has approximately 101,500 employees. Though its subsidiaries, it operates 29 acute care hospitals, 346... Read More »
Health Recovery Solutions Acquires Remote Patient Monitoring Company Rimidi
Health Recovery Solutions (HRS) announced on March 4 its acquisition of Atlanta, Georgia-based Rimidi. Rimidi is a chronic disease management and remote monitoring company with deep roots in diabetes and cardiometabolic management. The company supports healthcare providers with electronic health record-integrated software, services and connected devices. HRS is a New Jersey-based healthcare technology company with a remote patient monitoring and enterprise remote patient care platform. The acquisition enables HRS customers to access Rimidi’s capabilities. Current HRS customers will benefit from enhanced diabetes and clinical management capabilities alongside their existing... Read More »
Guideway Care Acquires Patient Engagement Company Waypoint Healthcare Solutions
On March 3, Guideway Care, Inc. announced the completion of the acquisition and integration of Waypoint Healthcare Solutions, LLC. Waypoint Healthcare Solutions is focused on helping health systems and practices improve patient engagement through the use of voice AI and care orchestration technologies. The company is based in Houston, Texas. Guideway Care specializes in evidence-based patient activation solutions that improve clinical and financial outcomes for healthcare organizations. The Guideway GPS solution provides tested, governed and structured behavioral execution for every patient or member interaction. According to Guideway, the acquisition of Waypoint will extend... Read More »
PE-Backed Quantum Health Acquires CirrusMD
Quantum Health has purchased CirrusMD, according to a March 3 press release. Quantum Health is backed by Great Hills Partners, a Boston, Massachusetts-based private equity firm. The combined company will include more than 2,300 team members and serve more than 20 million members across private and public sector organizations throughout the United States. CirrusMD is a premier on-demand virtual care company with a text-based platform that connects more than 13 million members with physicians in under 60 seconds. Quantum Health operates as a consumer navigation and care coordination company that serves the healthcare needs of self-funded public- and private-sector employers in the United... Read More »Schedule a demo
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