Investor Interest Spikes for Telehealth in 1H:23
Telehealth demand has oscillated over the past several years. There was a peak in usage during 2020 and 2021 during the COVID-19 quarantine, driving dozens of deals in the healthcare M&A market. Deals such as Microsoft Corp.’s purchase of Nuance Communications for $19.7 billion in April 2021 and Teladoc Health’s acquisition of Livongo Health, Inc. for $18.5 billion are some notable examples. Several companies even hit the public market through a special purpose acquisition company (SPAC). Sharecare, Inc. merged with a SPAC in a deal valued at $3.9 billion in November 2021; Him & Hers joined Oaktree Acquisition Corp., sponsored by an affiliate of Oaktree Capital Management, L.P.,... Read More »
Axxess Acquires EMR Provider Complia Health
Axxess announced on July 24 its acquisition of Complia Health for an undisclosed price. Headquartered in Schaumburg, Illinois, Complia Health is a leading provider of electronic medical record (EMR) solutions, technology and services for home care, home health and hospice agencies. Complia’s roster of clients includes some of the largest home health, home care, hospice and palliative care providers among its more than 200 clients with thousands of locations. Axxess is a leading home health technology company, providing a complete suite of innovative, cloud-based software and services, empowering healthcare providers with solutions to make lives better. The company is trusted by more... Read More »
Aya Healthcare Acquires Polaris AI
Aya Healthcare, Inc. announced on July 20 its acquisition of Polaris AI for an undisclosed price. Polaris AI provides a machine learning platform that predicts future patient volume and staffing levels in clinical settings. Polaris AI facilitates accurate predictions of case volumes, enabling healthcare organizations to optimize staffing levels at the time when care is needed most. Aya Healthcare is one of the largest healthcare talent software and staffing companies in the United States. The company delivers every component of healthcare-focused labor services, including travel nursing and allied health, per diem, permanent staff hiring, interim leadership, locum tenens and non-clinical... Read More »
Pyx Health Receives Strategic Investment From TT Capital Partners
Pyx Health announced on July 20 that it received a majority growth investment from private equity firm TT Capital Partners. According to data captured in the LevinPro HC database, this acquisition represents the 155th eHealth transaction of 2023, including 33 in the telehealth specialty. Pyx Health is a scalable, 24/7 technology platform that reduces loneliness and social isolation by connecting with its members outside of the traditional care setting. Pyx Health was founded in 2017 and serves more than 6 million patients in more than 70 markets across nearly 30 states. The company works with nearly all major payers, as well as government, employer and community health plans across the... Read More »
Ventra Health Acquires ArcMed
On July 18, Ventra Health announced that it acquired ArcMed for an undisclosed price. ArcMed is an India-based billing and automation services organization. It provides revenue cycle management (RCM) services. Ventra Health is a healthcare organization focused on tech-enabled RCM, practice management and advisory solutions for hospital-based physicians. The company was founded in 2021 and is based in Dallas. The ArcMed acquisition will strengthen Ventra Health’s service performance and quality, optimize operational efficiencies and provide added scale for automation and growth. According to data captured in the LevinPro HC database, this transaction represents the 153rd eHealth... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
