RCM Provider VisiQuate Acquired by PE Firm Accel-KKR

RCM Provider VisiQuate Acquired by PE Firm Accel-KKR

VisiQuate announced on October 1 its acquisition by Menlo Park, California-based private equity firm Accel-KKR. Financial terms of the deal were not disclosed. VisiQuate offers a user-friendly end-to-end revenue cycle management (RCM) and analytics solution that lets virtually anyone in a healthcare organization explore complex data from multiple sources to quickly gain insights and create actionable workflows. Since it was founded in 2009, VisiQuate has partnered with hospitals and health systems to markedly improve their top and bottom line. The company is headquartered in Santa Rosa, California. Accel-KKR is a technology-focused investment firm with more than $5 billion in capital... Read More »
RxLive Becomes Wholly Owned Subsidiary of Competitor Scriptology

RxLive Becomes Wholly Owned Subsidiary of Competitor Scriptology

Tech-enabled medication management company Scriptology announced that it has acquired its competitor, RxLive.  RxLive is a concierge telehealth pharmacy service that connects patients with expert pharmacists in a secure, private and personal way. RxLive began in 2017, and over the last seven years, it has made significant investments to build out its technology platform, artificial intelligence and analytics. RxLive sells its medication management platform to other healthcare organizations.  Scriptology is an Atlanta, Georgia-based provider of medication management services intended for improving patient outcomes and lowering the total cost of care. Scriptology is a pre-series A... Read More »
Kovo HealthTech Acquires RCM Provider Healthcare Data Management

Kovo HealthTech Acquires RCM Provider Healthcare Data Management

Kovo HealthTech announced that its indirect wholly-owned subsidiary, Kovo Acquisitions LLC, has acquired 100% of the assets of Healthcare Data Management (HDM). The aggregate purchase price for the assets totaled $3.3 million. HDM is a Maryland-based medical billing company specializing in asthma and allergy, maternal fetal medicine, orthopedic, radiology, cardiology, internal medicine, family medicine, mental health, endocrinology, neurosurgery, infectious disease, bariatrics and chiropractic revenue cycle management (RCM). HDM generated revenue (reported in accordance with GAAP) of $2.56 million for the annual period commencing August 1, 2023 and ending July 31, 2024 (unaudited),... Read More »
Revelstoke Capital Partners Makes Significant Growth Investment in MediQuant

Revelstoke Capital Partners Makes Significant Growth Investment in MediQuant

Revelstoke Capital Partners has announced a significant growth investment in MediQuant, LLC, representing the seventh investment from Revelstoke Capital Partners Fund III. MediQuant provides hospital data active archiving and interoperability solutions for hospitals and health systems. MediQuant’s flagship product, DataArk®, allows health systems to maintain access to relevant clinical, financial and administrative data, ensuring that valuable data required for patient care and compliance is secure and within reach. MediQuant’s platform applications provide an active view of patient records from within existing systems. This allows customers to reduce security risks and costs... Read More »
OneOncology Purchases Cancer Management Platform Navigating Cancer

OneOncology Purchases Cancer Management Platform Navigating Cancer

OneOncology announced its acquisition of Navigating Cancer on September 4, 2024. Navigating Cancer is a comprehensive patient engagement and care management platform. The digital health company is based in Seattle, Washington. OneOncology is a national network of independent community oncologists who assist partner practices in expanding their cancer care services. The company’s 1,000 cancer care providers care for approximately 615,000 patients at more than 339 sites nationwide. In April 2023, OneOncology was acquired by TPG Capital and AmerisourceBergen from General Atlantic. The acquisition has already allowed Navigating Cancer to accelerate technology investments to benefit... Read More »
Durham-Based PatientPay Merges with ClearGage

Durham-Based PatientPay Merges with ClearGage

Durham, North Carolina PatientPay announced that it has closed its merger with Tampa, Florida-based ClearGage. The combined company will continue under the PatientPay name, with PatientPay CEO Tom Furr remaining in his role. ClearGage is a healthcare payment technology company dedicated to making patient responsibility more transparent and affordable for everyone. Founded in 2009 by a team of experts from healthcare, employee benefits and payment processing industries, ClearGage was created to address the growing need for healthcare payment solutions with a consumer-driven experience. ClearGage’s tools provide comprehensive coverage for the entire patient revenue cycle management... Read More »