Lovell Minnick Partners Majority Makes Growth Investment in ACU-Serve

Lovell Minnick Partners Majority Makes Growth Investment in ACU-Serve

Lovell Minnick Partners (LMP), a New York City-based private equity firm, announced that it has made a majority growth investment in ACU-Serve Corp., based in Akron, Ohio.  Founded in 1993, ACU-Serve is a leader in revenue cycle management (RCM) for healthcare providers focused on post-acute, home-based care, including the home medical equipment, durable medical equipment and home infusion industries.  LMP is focused on investments in financial services, business services and financial technology companies. LMP has raised approximately $4.75 billion of committed capital, invested in more than 50 companies and completed more than 175 add-on acquisitions.  ACU-Serve will... Read More »
EngagedMD Acquires MD Consents 

EngagedMD Acquires MD Consents 

On October 16, Washington, D.C.-based EngagedMD announced its acquisition of MD Consents. According to data captured in the LevinPro HC database, this transaction represents the 227th eHealth acquisition of the year.  MD Consents is a U.K.-based company that specializes in providing online consents specifically for fertility clinics. It works through a range of healthcare settings, from small clinics to hospitals in both private and public sectors.   EngagedMD is a leading platform for automating patient education and administration.   This acquisition expands EngagedMD’s global footprint and brings together shared expertise and resources to deliver an enhanced... Read More »
SPAC Aimfinity Investment Corp. I to Merge with Taiwanese Developer Docter Inc.

SPAC Aimfinity Investment Corp. I to Merge with Taiwanese Developer Docter Inc.

Aimfinity Investment Corp. I, a Cayman Islands-incorporated special purpose acquisition company (SPAC) listed on the Nasdaq Global Market, and Docter Inc. announced that they have entered a definitive merger agreement. As part of the agreement, a newly established subsidiary of Aimfinity will become a publicly listed company on the Nasdaq combining Aimfinity and Docter upon the closing of the transaction.  Since 2016, Docter, along with its subsidiary, Horn Enterprise Co., Ltd., has been developing a non-invasive blood sugar trend monitoring technology, alleviating the necessity for blood sampling. The Taiwanese company operates Docter brand watches and employs Docter Cloud... Read More »
WellSky Acquires Corridor, Expands RCM Services for Post-Acute Industry

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 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

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 »