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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 »
iCoreConnect Buys RCM Provider Preferred Dental Services
iCoreConnect has announced the acquisition Preferred Dental Services’ assets for an undisclosed price. Headquartered in Flushing, New York, Preferred Dental Services provides dental billing, claims and insurance management services. iCoreConnect Inc. is a cloud-based software and technology company providing secure, HIPPA compliant communication and healthcare practice management services. According to its most recent financial report, for FY 2022 iCoreConnect had revenue of $7.99 million. According to data captured in the LevinPro HC database, this acquisition represents the 189th eHealth transaction of 2023 and the 43rd in the revenue cycle management (RCM) specialty. This is... Read More »
NextGen Healthcare Inks $1.6 Billion Sale to PE Firm Thoma Bravo
Private equity group Thoma Bravo has entered into an agreement to acquire NextGen Healthcare, Inc. for approximately $1.61 billion. Under the terms of the agreement, NextGen Healthcare shareholders will receive $23.95 per share in cash. NextGen Healthcare is an American software and services company headquartered in Atlanta, Georgia. The company develops and sells electronic health record (EHR) software and practice management systems to the healthcare industry. According to its most recent financial report, the company’s revenue for the fiscal year ended March 31, 2022 was $596.4 million. Thoma Bravo is a leading private equity investment firm building on a 30-plus year... Read More »Schedule a demo
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