Software Firm, Waystar, to Go Public
Waystar Inc, a portfolio company of EQT, CPPIB and Bain Capital, is, reportedly, moving towards an initial public offering (IPO) that values the company at $8 billion, as of August 21. Waystar is the combination of Navicure and ZirMed, two leading revenue cycle management companies. It supports more than 450,000 providers, 750 health systems and hospitals and 5,000 payers and health plans. EQT, CPPIB and Bain Capital have hired Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. to guide the company through the process, according to reporting done by Reuters. Contingent upon market conditions and regulations, the IPO is expected to materialize later in 2023 or early in... Read More »
London-Based Doccla Acquires OpenTeleHealth
Doccla, a London-based provider of digital healthcare services, has announced the acquisition of OpenTeleHealth for an undisclosed price. According to data captured in the LevinPro HC database, this transaction marks the 182nd eHealth acquisition of 2023, and the 36th in the telehealth subsector. OpenTelehealth is a universal cloud-based remote patient monitoring platform that enables patients to measure health data at home, using an app and a wide range of medical measurement devices. Doctors can view patient data on a web portal. Founded in 2019, Doccla provides remote patient monitoring solutions to analyze patients’ acute or chronic conditions based on patient readings and... Read More »
PE-Backed UnisLink Acquires AQREVA and Doctors’ Resource Specialists
UnisLink, a portfolio company of Boston-based private equity firm Riverside Partners, has announced the acquisition of AQREVA and Doctors’ Resource Specialists (DRS). This strategic acquisition strengthens UnisLink’s position as a comprehensive provider of revenue cycle management (RCM) solutions and expands the company’s geographic reach. Based in Sioux Falls, South Dakota, AQREVA is a professional services company offering comprehensive medical billing and RCM related services. DRS is a medical billing, medical coding and reimbursement consulting company based in Phoenix, Arizona. UnisLink is a national leader in RCM and population health management services for... Read More »
Roper Technologies acquires Syntellis Performance Solutions
Roper Technologies, Inc. announced on August 8 that it completed the acquisition of Syntellis Performance Solutions for a net purchase price of $1.25 billion, including a $135 million tax benefit resulting from the transaction. The net purchase price represents approximately 15x Syntellis’ expected 2024 EBITDA. Syntellis Performance Solutions provides enterprise performance management software, data and intelligence solutions for healthcare, higher education and financial institutions. According to the original press release, Syntellis is expected to contribute approximately $185 million of revenue and $85 million of EBITDA in 2024, including planned cost synergies. Roper... Read More »
Sitero Acquires Clario’s eClinical Technology Suite
Sitero, a contract research organization (CRO) based in Coral Gables, Florida, announced on August 1 that it acquired Clario’s e-clinical technology suite. The financial terms of the acquisition were not disclosed. Clario’s e-clinical technology suite is an advanced technology suite designed to manage the end-to-end clinical trial lifecycle. Components include electronic data capture systems, randomized and trial supply management, clinical trial management systems, e-consent and site and patient payments. Sitero is a next-generation, site-focused CRO for life sciences and institutional research organizations that helps get treatments to market safer and faster through... Read More »Schedule a demo
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