Sales Above $1 Billion Show Power of the Revenue Cycle Management Market

Sales Above $1 Billion Show Power of the Revenue Cycle Management Market

In recent years, sale price announcements exceeding $1 billion have been a significant indicator of the strength of the healthcare industry’s revenue cycle management (RCM) subsector. Industry experts highlight the factors driving interest in RCM companies. “Historically, healthcare technology has been viewed as lagging behind other industries, but we’re seeing today’s technology evolve at a much faster pace,” said Brian Greenberg, CEO of Rockville, Maryland-based Greenberg Advisors, LLC, which provides M&A and strategic advisory solutions to business services and technology companies in the RCM, healthcare information technology and related markets. “The computer-assisted coding... Read More »
Med-Metrix Acquires Delaware-Based RCM Company

Med-Metrix Acquires Delaware-Based RCM Company

Med-Metrix, LLC, backed by Greenwich, Connecticut-based private equity firm A&M Capital Partners, announced it has acquired Hospital Billing & Collection Service, Ltd (HCBS), headquartered in New Castle, Delaware. HCBS is a premier, tech-enabled revenue cycle management (RCM) company that offers a comprehensive suite of RCM solutions. Since 1985, HBCS has served health systems across the United States and currently works with more than 75 hospital and physician groups. Med-Metrix, LLC is a leading technology-enabled services platform providing revenue cycle management and business intelligence solutions for health systems and physician groups across the United States. The company... Read More »
Health Catalyst Completes Acquisition of Carevive Systems

Health Catalyst Completes Acquisition of Carevive Systems

Health Catalyst, Inc. announced that it has successfully completed its acquisition of Boston-based Carevive Systems. Carevive Systems, founded in 2013, is an oncology-focused health technology company dedicated to understanding and improving the cancer patient experience. Its platform enables providers to monitor and manage patients remotely, which improves survival outcomes and patient quality of life. Use of Carevive in the clinic unlocks critical data on the real-world cancer patient experience to continuously improve patient care today and advance cancer drug development. Health Catalyst is a data warehousing, analytics and outcomes-improvement company that helps healthcare... Read More »
Valsoft Corporation Acquires Progitek 

Valsoft Corporation Acquires Progitek 

On June 3, Valsoft Corporation announced that it acquired Quebec City-based Progitek.  Founded in 1995, Progitek is a dental practice management software company. The company provides a software platform aimed at helping dentists go paperless and manage their clinics. The platform allows users to manage appointments, collect invoices, create treatment plans and create dental plans, among other features.   Valsoft Corporation acquires and develops vertical market software companies, helping each business to deliver the best mission-critical solutions for customers in their respective industry or niche. The company is based in Montreal, Canada.  In January, Valsoft received... Read More »
August Equity-Backed OneTouch Acquires OnePlan

August Equity-Backed OneTouch Acquires OnePlan

OneTouch Health, backed by U.K.-based private equity firm August Equity, announced on June 4 that it acquired OnePlan. U.K.-based OnePlan specializes in care management software for care providers. OnePlan’s care management software has a user-friendly interface and comprehensive functionality, allowing care teams to plan for, manage and monitor care delivery with ease. The platform enhances communication among care providers and enables all stakeholders to stay informed and aligned in their efforts to deliver high-quality care. Based in Ireland, OneTouch Health offers a care management system that allows providers to effectively manage all aspects of their business, from scheduling... Read More »
Spain-Based Mediktor Expands U.S. Footprint With Acquisition of Sensely

Spain-Based Mediktor Expands U.S. Footprint With Acquisition of Sensely

Mediktor, a Spain-based digital healthcare company, has announced the acquisition of Sensely, based in San Francisco, California. According to data captured in the LevinPro HC database, this acquisition represents the 99th eHealth transaction of 2024, and the 11th in the patient engagement specialty. Sensely is a digital healthcare provider that pioneered an empathy-driven conversation platform to support hospital systems and insurance services with member engagement. Mediktor offers a clinically validated artificial intelligence (AI)-based medical assistant for triage and pre-diagnosis that guides patients to the right level of care at the right time. MTIP, a Swiss-based private equity... Read More »