WellSky Acquires Corridor, Expands RCM Services for Post-Acute Industry
WellSky announced that it has acquired The Corridor Group from HealthEdge Investment Partners, a healthcare-focused private equity firm. By adding Corridor to its portfolio, WellSky will expand its medical coding and revenue cycle management (RCM) offerings to help post-acute care providers increase efficiency and improve performance across clinical, financial, operational and compliance areas. Founded in 1989, Corridor is a provider of outsourced coding, RCM and education solutions to the post-acute healthcare industry. Corridor has delivered solutions to thousands of clients ranging from large health systems and national chains to smaller, independently operated agencies. ... Read More »
Access Healthcare Acquires Patient Engagement Company Envera Health
Access Healthcare announced on October 12 the acquisition of Richmond, Virginia-based Envera Health, which provides consumer engagement services to connect health systems and physician groups with patients. Access Healthcare is a Dallas, Texas-based provider of revenue cycle management (RCM) services, specializing in medical billing, coding and accounts receivable management. Access Healthcare’s global delivery engine encompasses more than 27,000 people working from 20 delivery sites across nine cities in the United States, India and the Philippines. This acquisition broadens Access Healthcare’s service portfolio to include enhanced patient engagement capabilities.... Read More »
PE-Backed Commure Merges with Athelas
Commure, Inc., a portfolio company of private equity firm General Catalyst, and Athelas announced on October 4 that they have entered into a definitive agreement and expect the combined merger to close by the end of October 2023. According to data captured in the LevinPro HC database, this acquisition represents the 208th eHealth transaction of 2023 and the 46th in the revenue cycle management (RCM) specialty. Athelas is a Mountain View, California-based provider of healthcare workflow automation software and RCM services. Founded in 2016, Athelas is integrated with all major electronic health records and offers artificial RCM, remote monitoring and patient engagement tools.... Read More »
PE-Backed HealthComp and Virgin Pulse Merge
HealthComp and Virgin Pulse are merging. The transaction is valued at $3 billion, but officials from the company did not confirm this. The deal will create a single technology platform allowing patients and employers to manage health plans. According to data captured in the LevinPro HC database, this acquisition represents the 207th eHealth transaction of 2023, including 11 in the patient engagement specialty. Virgin Pulse is a digital-first health, wellbeing and navigation company that empowers organizations across the globe to activate populations, improve health outcomes and reduce spending. Virgin Pulse is backed by private equity firm Marlin Equity Partners. HealthComp, a New... Read More »
Tendo Acquires Patient Engagement Platform MDsave
Philadelphia, Pennsylvania-based Tendo announced on September 27 that it is acquiring MDsave in Brentwood, Tennessee for an undisclosed price. MDsave was advised in this transaction by Harpeth Capital, LLC. MDsave, Inc. develops online platforms which connect uninsured patients, health savings accounts and high deductible insurance patients with medical providers who offer discounted medical services. Tendo is a digital engagement software platform connecting patients, clinicians and caregivers. The company was founded in 2020. The acquisition extends Tendo’s platform and applications to include MDsave’s marketplace, enabling patients to easily seek, schedule,... Read More »Schedule a demo
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