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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 »
Rology Acquires Arkan United
Rology announced on June 5 that it acquired Arkan United. The financial terms of the acquisition were not disclosed. Arkan United is an advanced teleradiology provider based in Jeddah, Saudi Arabia. Its services include CT scans, MRIs, X-rays, ultrasounds, mammograms and nuclear medicine. Arkan provides around the clock care. The company was founded in 2020. Rology was founded in 2017 as an on-demand teleradiology platform that connects hospitals and other healthcare providers with remote and readily available radiologists. It is based in Cairo. This acquisition allows Rology to accelerate its mission of bringing the latest innovations in teleradiology to healthcare providers... Read More »
Medusind Acquires AVA Billing & Consulting
Lightning Step announced on June 1 that it was divesting AVA Billing & Consulting to Medusind, a portfolio company of San Francisco-based private equity firm Alpine Investors. The financial terms of the acquisition were not disclosed. AVA Billing & Consulting is a revenue cycle management (RCM) company that’s based in Costa Mesa, California. In 2019, it was bought by Lightning Step, a provider of enterprise behavioral healthcare software solutions. Under Lightning Step’s ownership, AVA evolved into an industry-leading full-service RCM solution trusted by many behavioral healthcare facilities and treatment providers nationwide. Medusind Solutions provides comprehensive... Read More »
Advanced Hospice Management Makes Strategic Acquisition
Advanced Hospice Management (AHM) announced the strategic acquisition of Healthcare Management and Billing Service, LLC (HCMBS), a leading Home Health Billing Service. HCMBS specializes in end-to-end billing and revenue cycle management (RCM) for the home health industry. Based in New Orleans, Louisiana, AHM is a specialized billing service working solely with hospice providers across the country to maximize collections. As part of this acquisition the combined companies will be renamed Advanced Revenue Cycle Management, LLC. AHM CEO Delaine Henry will become an owner and serve as CEO of the combined companies. Financial terms of the deal were not disclosed. According to data captured in... Read More »
Devices to Digital: Insights into the Medical Devices and eHealth Markets in Q1:23
The Medical Devices Market: As of May 26, 2023, a total of 46 Medical Device deals have been announced this year, and 28 of those deals were announced during Q1:23. The Q1:23 deal total is comparable to the 27 deals announced during Q1:22, yet an 18% drop from the 56 deals announced between January 1, 2022, and May 26, 2022. M&A activity is also 25% down compared to the 35 Medical Device deals announced during Q1:21, and 6% lower than the 49 deals announced between January 1, 2021, and May 26, 2021. While M&A is down compared to recent Q1’s, considering we just had a few years of unprecedented upheaval, the market is still at a better place than it was before the COVID-19 pandemic.... Read More »Schedule a demo
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