Australian Pharmaceutical Industries Acquires InstantScripts

Australian Pharmaceutical Industries Acquires InstantScripts

Australian Pharmaceutical Industries (API), a wholly-owned subsidiary of Wesfarmers Limited since March 2022, is buying local telehealth business InstantScripts for A$135 million ($91 million). InstantScripts will become part of the Wesfarmers Health division, which has increased its focus on digital health since it formed in March 2022. Founded in 2018, InstantScripts is an online health clinic offering a range of digital services, including telehealth consultations, online prescriptions, medical certificates, blood test requests, health management plans and specialist referrals. The company also operates InstantCosmetics, which provides prescribing services and offers injectable products... Read More »
Thirty Madison Acquires Assets of The Pill Club 

Thirty Madison Acquires Assets of The Pill Club 

New York-based Thirty Madison, Inc. announced on June 14 that it purchased assets of The Pill Club for $32.3 million. This transaction follows The Pill Club’s Chapter 11 bankruptcy filing in April 2023 after the company faced Medicaid charges in California.  The Pill Club is an online birth control and women’s health company that helps women access birth control and reproductive education. It was founded in 2016 in San Mateo, California.  Thirty Madison is a premier healthcare company for people living with chronic conditions. In June 2021, it raised more than $210 million in Series C round funding led by investor HealthQuest Capital. Investors also included Mousse Partners,... Read More »
Kovo HealthTech Acquires Kairos Billing Solutions

Kovo HealthTech Acquires Kairos Billing Solutions

Kovo HealthTech Corporation announced on June 8 that it entered into a binding agreement to acquire Kairos Billing Solutions LLC, a Utah-based digital medical billing provider that specializes in mental health billing solutions. Kovo agreed to pay a cash consideration of $150,000 for the acquisition. Kovo is a growing healthcare technology company that specializes in Billing-as-a-Service offering SaaS-style recurring revenue contracts and software for US healthcare clinics, hospitals and private practices. Kovo helps healthcare providers digitally track and manage complex patient care registration, services, billing and payments in a seamless way, using its proprietary OneRev technology... Read More »
PSG Acquires Loopback Analytics

PSG Acquires Loopback Analytics

PSG, a growth equity firm, announced on June 8 that it acquired Loopback Analytics. According to data captured from the LevinPro HC database, this transaction marks the 128th eHealth acquisition of 2023, and the 21st in the analytics specialty.  Founded in 2009, Loopback Analytics is a leading provider of data analytics and insights that simplify understanding, access and innovation for patients requiring specialty care. According to its website, Loopback serves more than 40 health system clients, more than 250 hospitals and millions of patients nationwide. PSG partners with middle-market software and technology-enabled service companies to help them navigate transformational growth,... Read More »
PSG-Backed DoseSpot Acquires pVerify

PSG-Backed DoseSpot Acquires pVerify

DoseSpot, backed by growth equity firm PSG, announced on June 7 it has acquired pVerify for an undisclosed price. According to data captured in the LevinPro HC database, this acquisition marks the 123rd eHealth transaction of 2023. pVerify’s solution streamlines the front-end patient eligibility verification process, helps patients access necessary care and aims to reduce overall healthcare costs. The company was founded in 2006. DoseSpot provides e-prescription software, enabling clinicians to write and transmit prescriptions to pharmacies electronically. The DoseSpot solution eases the administrative burden of the prescription life cycle by integrating with electronic medical... Read More »
PSG Acquires Loopback Analytics

Doctor Care Anywhere Sells GP2U Telehealth to My Emergency Doctor

Doctor Care Anywhere Group (DCA) announced this week that it is selling GP2U Telehealth to My Emergency Doctor. GP2U Telehealth is an Australian provider of virtual GP services through the brand GP2U and tele-mental health services through the Psych2U brand. DCA acquired GP2U Telehealth in September 2021, a year after GP2U went public in Australia.  Founded in 2016, My Emergency Doctor provides acute care after hours via video and phone across regional Australia. The company has partnerships with more than 40 healthcare services, including ambulances, primary health networks, residential aged care facilities, hospitals, urgent care centers and multi-purpose centers. DCA said it... Read More »