HEALWELL AI Acquires Intrahealth From WELL Health Technologies

HEALWELL AI Acquires Intrahealth From WELL Health Technologies

HEALWELL AI announced on January 25 that it is acquiring 100% of the shares outstanding of Intrahealth from WELL Health Technologies for a total consideration of approximately $24.2 million. A majority of the consideration is expected to be paid in HEALWELL Class A subordinate voting shares. The transaction is expected to close on or about February 1, 2024.   Intrahealth is a privately held company that develops, licenses, supports and sells electronic health record (EHR) software, medical practice management software and related services. The company provides services to small and medium enterprise healthcare organizations across Canada, Australia and New Zealand. Founded in... Read More »
EqualizeRCM Invests in RCM Provider TrilogyRCS

EqualizeRCM Invests in RCM Provider TrilogyRCS

EqualizeRCM announced that it has invested in TrilogyRCS. Together, the two firms will serve hospitals in Texas, Oklahoma, Kansas, Georgia, Alabama, Mississippi and North Dakota, among others, with the ability to serve clients nationwide. TrilogyRCS is a leader in consulting and management services for community-based healthcare providers’ revenue cycle systems. TrilogyRCS has a team of revenue cycle management (RCM) professionals who improve and optimize every aspect of the revenue cycle, from scheduling and registration to final claims resolution. Headquartered in Austin, Texas, EqualizeRCM is a leading provider of RCM services to physicians, hospitals, ambulatory surgery centers,... Read More »
ClinicMind Acquires Majority Stake in Billing Dynamix

ClinicMind Acquires Majority Stake in Billing Dynamix

ClinicMind announced that it is acquiring a majority stake in Billing Dynamix, a billing solutions company.  Billing Dynamix provides a cloud-based practice management and billing/revenue cycle management (RCM) solution to therapists, chiropractors and multi-specialty practices.  ClinicMind (formerly eSpoc) is a Florida-based healthcare IT and revenue cycle management service company. ClinicMind addresses payer-provider adversity and practice management challenges using modern software and advanced process management methodologies.  This acquisition marks a significant milestone in ClinicMind’s ongoing commitment to empowering healthcare providers and enhancing their... Read More »
HEALWELL AI Acquires Intrahealth From WELL Health Technologies

PointClickCare Acquires CPSI Subsidiary American HealthTech

CPSI, a community healthcare solutions company, announced the divestment of American HealthTech and selected PointClickCare to continue supporting American HealthTech customers into the future. Financial terms of the deal were not disclosed.  American HealthTech, a subsidiary of Computer Programs and Systems, Inc. (also known as CPSI), is a provider of electronic health record (EHR) solutions and related services for the post-acute care market.  PointClickCare, through its EHR platform, helps long-term and post-acute care providers manage the complete lifecycle of resident care which includes clinical, billing and administration processes.  According to data captured in the... Read More »
Aquiline Capital Partners Invests in Pharma Force Group 

Aquiline Capital Partners Invests in Pharma Force Group 

Aquiline Capital Partners announced on January 16 that it was making a significant investment into Pharma Force Group, LLC, based in Wayne, Pennsylvania. According to data captured in the LevinPro HC database, this transaction marks the 16th eHealth acquisition of 2024.  Since its inception in 2017, PharmaForce has delivered transparent and flexible 340B administration software to more than 280 clients. With the recent launch of its pharmacy benefits management offering, the company continues to be a trailblazer in the sector.  Aquiline Capital Partners is a private equity firm that invests in businesses globally. It has $8.7 billion in assets under management, focusing on... Read More »
PE-Backed Elevate Patient Financial Solutions Acquires Professional Medical Services

PE-Backed Elevate Patient Financial Solutions Acquires Professional Medical Services

Elevate Patient Financial Solutions, backed by private equity firms Frazier Healthcare Partners and The Edgewater Funds, announced on January 9 the acquisition of Professional Medical Services.  Professional Medical Services is a provider of revenue cycle management (RCM) solutions focused on low-balance accounts receivable resolution. The company was founded in 1991 and is based in Fort Worth, Texas.  Elevate Patient Financial Solutions delivers RCM solutions to hospitals, health systems and health providers nationwide.  The acquisition will expand Elevate’s suite of RCM solutions and reinforce its commitment to addressing the most complex aspects of the revenue cycle for... Read More »