Iris Telehealth Expands Telepsychiatry Services With InnovaTel Acquisition

Iris Telehealth Expands Telepsychiatry Services With InnovaTel Acquisition

Iris Telehealth announced on January 21 the acquisition of InnovaTel, a division of Quartet Health. Financial terms of the deal were not disclosed. InnovaTel is a clinically-led mental health as a service platform dedicated to improving mental health outcomes for individuals and communities by providing timely access to a national network of qualified psychiatrists, psychiatric nurse practitioners and licensed clinical social workers. InnovaTel by Quartet Health is backed by private equity firm Canyon Healthcare Partners. Iris Telehealth helps healthcare organizations increase access to behavioral health care for their patients by providing the care models, clinicians, analytics and... Read More »
InTandem Capital Completes Strategic Investment in Healthfuse

InTandem Capital Completes Strategic Investment in Healthfuse

InTandem Capital Partners, LLC, a healthcare services-focused private equity firm, announced that it has completed a strategic equity investment in Milwaukee, Wisconsin-based Healthfuse. Founded in 2011, Healthfuse combines proprietary technology, analytics and research to help hospitals build, operate and optimize their revenue cycle vendor management office and guarantees bottom-line improvement. Healthfuse has delivered more than $1.5 billion in bottom-line improvements for its clients, which includes a network of more than 350 hospitals nationwide. New York-based InTandem Capital Partners invests in and helps accelerate the growth of small to mid-sized companies in select healthcare... Read More »
New Mountain Capital Makes Growth Investment in Access Healthcare

New Mountain Capital Makes Growth Investment in Access Healthcare

Dallas, Texas-based Access Healthcare has announced a strategic investment from affiliates of private equity firm New Mountain Capital. This investment will support Access Healthcare’s next phase of growth, focusing on advancing its capabilities in artificial intelligence, workflow automation, product development and expanding into new markets. Access Healthcare is a technology-enabled revenue cycle management (RCM) platform that helps healthcare providers and stakeholders reduce costs by improving operations across the front-end, mid-cycle and back-end of the revenue cycle. The company was founded in 2011. New Mountain Capital is a growth-oriented investment firm with more than $55... Read More »
Health Catalyst Acquires Upfront Healthcare Services for $86 Million 

Health Catalyst Acquires Upfront Healthcare Services for $86 Million 

On January 13, Health Catalyst, Inc. announced that it was acquiring Upfront Healthcare Services. According to Health Catalyst’s 8-K SEC filing, Upfront is being acquired for approximately $86 million and potential additional aggregate consideration of approximately $33.4 million.   Upfront is a patient engagement platform provider based in Chicago. Upfront provides a patient activation and engagement platform and a proprietary strategic marketing analytics and content personalization solution for healthcare enterprises. Its automated patient acquisition and retention solutions enable healthcare organizations to build loyalty and guide patients to optimal care by leveraging... Read More »
Vesey Street Capital Partners Completes ComplexCare Solutions Carveout

Vesey Street Capital Partners Completes ComplexCare Solutions Carveout

Vesey Street Capital Partners (VSCP) announced on January 13 that funds managed by VSCP have completed the acquisition of ComplexCare Solutions (CCS). CCS was acquired in a carveout from Inovalon and represents the fifth carveout transaction completed by VSCP, according to the original deal press release from January 13, 2025. CCS is an independent health assessment and member engagement platform. With its team of nurse practitioners, CCS offers in-home and telehealth consultations and member engagement services including encounter facilitation, continuity of care, health risk assessment and point-of-care testing solutions to encourage patient engagement and improve community health. VSCP... Read More »
Net Health Bolsters Patient Engagement with Alinea Engage Acquisition

Net Health Bolsters Patient Engagement with Alinea Engage Acquisition

Pittsburgh, Pennsylvania-based Net Health announced that it has acquired Alinea Engage, headquartered in Milwaukee, Wisconsin. As part of Net Health, Alinea will help clients deliver care through patient engagement and increase revenue by improving reimbursement efficiency through revenue cycle automation and the reduction of claims denials. Alinea Engage provides web-based, enterprise-level automation and patient engagement software for private and senior rehabilitation therapy providers. Alinea reduces the administrative burden on clinicians, increases the capacity of revenue cycle and compliance teams and engages patients, responsible parties and families. Net Health, a portfolio... Read More »