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RCM Provider VisiQuate Acquired by PE Firm Accel-KKR
VisiQuate announced on October 1 its acquisition by Menlo Park, California-based private equity firm Accel-KKR. Financial terms of the deal were not disclosed. VisiQuate offers a user-friendly end-to-end revenue cycle management (RCM) and analytics solution that lets virtually anyone in a healthcare organization explore complex data from multiple sources to quickly gain insights and create actionable workflows. Since it was founded in 2009, VisiQuate has partnered with hospitals and health systems to markedly improve their top and bottom line. The company is headquartered in Santa Rosa, California. Accel-KKR is a technology-focused investment firm with more than $5 billion in capital... Read More »
RxLive Becomes Wholly Owned Subsidiary of Competitor Scriptology
Tech-enabled medication management company Scriptology announced that it has acquired its competitor, RxLive. RxLive is a concierge telehealth pharmacy service that connects patients with expert pharmacists in a secure, private and personal way. RxLive began in 2017, and over the last seven years, it has made significant investments to build out its technology platform, artificial intelligence and analytics. RxLive sells its medication management platform to other healthcare organizations. Scriptology is an Atlanta, Georgia-based provider of medication management services intended for improving patient outcomes and lowering the total cost of care. Scriptology is a pre-series A... Read More »
Kovo HealthTech Acquires RCM Provider Healthcare Data Management
Kovo HealthTech announced that its indirect wholly-owned subsidiary, Kovo Acquisitions LLC, has acquired 100% of the assets of Healthcare Data Management (HDM). The aggregate purchase price for the assets totaled $3.3 million. HDM is a Maryland-based medical billing company specializing in asthma and allergy, maternal fetal medicine, orthopedic, radiology, cardiology, internal medicine, family medicine, mental health, endocrinology, neurosurgery, infectious disease, bariatrics and chiropractic revenue cycle management (RCM). HDM generated revenue (reported in accordance with GAAP) of $2.56 million for the annual period commencing August 1, 2023 and ending July 31, 2024 (unaudited),... Read More »
Revelstoke Capital Partners Makes Significant Growth Investment in MediQuant
Revelstoke Capital Partners has announced a significant growth investment in MediQuant, LLC, representing the seventh investment from Revelstoke Capital Partners Fund III. MediQuant provides hospital data active archiving and interoperability solutions for hospitals and health systems. MediQuant’s flagship product, DataArk®, allows health systems to maintain access to relevant clinical, financial and administrative data, ensuring that valuable data required for patient care and compliance is secure and within reach. MediQuant’s platform applications provide an active view of patient records from within existing systems. This allows customers to reduce security risks and costs... Read More »
