Private Equity Firm Frazier Healthcare Partners Picks Up RevSpring
Healthcare-focused private equity firm Frazier Healthcare Partners announced on March 12 the completion of its acquisition of RevSpring from Chicago, Illinois-based GTCR. Frazier is joined in the transaction by NEA, 22C Capital and RevSpring’s senior leadership team. RevSpring offers physical and electronic invoices, consumer payment portals, data cleansing solutions and analytics tools. It serves a client base of approximately 2,000 health systems and hospitals, revenue cycle management (RCM) providers and financial services organizations. The company was originally acquired by GTCR in November 2016. Frazier Healthcare Partners is a provider of growth capital to healthcare... Read More »
Carenet Health Acquires Assets of Health Dialog from Rite Aid
Carenet Health announced that it is acquiring Health Dialog, a wholly owned subsidiary of Rite Aid Corporation. This acquisition enables Carenet to leverage its combined platform, analytics and clinicians to deliver greater efficiency and outcomes-based financial performance for clients. Health Dialog is a leading provider of population health management solutions. The company works with the U.S.’s largest health plans, employers and providers to improve the health and wellness of their members, employees, patients and customers. Health Dialog’s capabilities include data analytics, a multi-channel coaching platform, shared decision-making tools and a 24/7 nurse... Read More »
Advanced Rx Management Acquires Automated Healthcare Solutions
Advanced Rx Management and Automated Healthcare Solutions announced on February 22 that they have come together under one umbrella. Dr. Gerald Glass, founder of Automated Healthcare Solutions, along with all minority shareholders have sold 100% of the ownership in the company to AdvancedRx. The transaction was completed on February 2, 2024. Headquartered in Sunrise, Florida, Automated Healthcare Solutions is dedicated to improving engagements between patient and provider through technology. The company provides technology-enabled medication claims to process solutions. Advanced Rx Management is a pharmaceutical services company headquartered in San Ramon, California with team members... Read More »
Dario Acquires Digital Health Platform Twill
DarioHealth Corp. announced on February 21 that it acquired Twill, Inc., formerly known as Happify Health. Under the terms of the Twill acquisition, Dario paid $10 million in cash and agreed to issue approximately 10 million shares of common stock in the form of pre-funded warrants for the benefit of Twill’s debt holders and equity holders. The warrants will vest in four equal amounts at 270 days, 360 days, 540 days and 720 days, post deal closing. Twill is a global software-enabled healthcare platform that provides digital therapeutics and care delivery models focusing on mental and physical health. It partners with enterprises, pharma companies and health plans to create new... Read More »
