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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, 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 »
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 »
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 »
Medusind Solutions Acquires Billing Solutions and edgeMED Healthcare
On August 14 Medusind Solutions, Inc. acquired both Billing Solutions, LLC and edgeMED Healthcare. Monroe Capital LLC acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisitions. Founded in 2011, Billing Solutions is a full-service third-party billing solutions company serving the mental and behavioral health industry. It operates in 13 states, providing revenue cycle management (RCM) services. edgeMED offers expert revenue cycle management services and innovative technological solutions tailored to enhance clinical, financial and operational efficiencies for medical organizations. The company is based in Boca Raton, Florida.... Read More »Schedule a demo
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