The Transcripts: Takeaways from CVS, Teladoc, and DaVita Earnings

The Transcripts: Takeaways from CVS, Teladoc, and DaVita Earnings

In our first earnings roundup, we looked at the fourth-quarter and full-year 2022 financial performance of three major publicly traded companies in the managed care market. They achieved positive operating and financial results for 2022, with some even surpassing their expectations for the year. To read more about earnings results in the managed care market, you can read that spotlight on the LevinPro HC platform here. This week, we’re looking at companies in other healthcare verticals, including retail, dialysis and eHealth. CVS Health Corporation, Teladoc Health, Inc. and DaVita Inc are all prominent in their respective fields, and their financial performance can reveal much about the... Read More »
ChrysCapital-Backed ​​GeBBS Healthcare Solutions Acquires CPa Medical Billing

ChrysCapital-Backed ​​GeBBS Healthcare Solutions Acquires CPa Medical Billing

GeBBS Healthcare Solutions, Inc., a portfolio company of the India-focused private equity firm ChrysCapital, announced on February 22 its acquisition of CPa Medical Billing. The transaction expands the market, services, capabilities and footprints of both companies, enabling clients to benefit from an integrated revenue cycle management (RCM) solution offering from one partner. CPa Medical Billing clients will benefit from GeBBS’ end-to-end RCM workflow/automation tools and large geographic footprint. GeBBS Healthcare will expand its U.S.-based delivery capabilities and its RCM services portfolio to the federally qualified health centers (FQHCs) market. Established in 2003, CPa Medical... Read More »
DocPlanner Acquires Polish Practice Management Software Leader MyDr sp. z o. o.

DocPlanner Acquires Polish Practice Management Software Leader MyDr sp. z o. o.

DocPlanner announced on February 22 its acquisition of MyDr sp. z o. o., the creator of softwares such as MyDr EDM and Dr100. This acquisition is the first for DocPlanner in its domestic market of Poland. DocPlanner’s recent purchases include Feegow, which develops software for managing medical facilities in Brazil, and Jameda GmbH, which operates a physician rating and search platform for patients. As part of the transaction DocPlanner will add to its portfolio: MyDr EDM – the most recognizable practice management software in Poland, Dr100 – a software for running dental offices and clinics, and drNews – an information system for medical facilities. The financial... Read More »
Aledade Acquires Value-Based Care Analytics Platform Curia

Aledade Acquires Value-Based Care Analytics Platform Curia

Healthcare technology company Aledade has acquired Curia.ai for an undisclosed price. Before the acquisition, Aledade piloted Curia.ai’s technology. The pilot identified 8,000 patients with high mortality risk within two years, and Aledade worked with primary care providers in its network to enlist those patients in an advanced care planning program. The acquisition will allow Aledade to utilize Curia.ai’s AI-based capabilities to expand its data gathering, provide more accurate data predictions and help enhance primary care workflows. Curia.ai is an AI-enabled, value-based care analytics platform that uses AI to predict the likelihood of adverse outcomes, identify risk gaps... Read More »
Spacelabs Healthcare Acquires Predictive Analytics Company PeraHealth

Spacelabs Healthcare Acquires Predictive Analytics Company PeraHealth

Snoqualmie, Washington-based Spacelabs Healthcare announced on February 16 that it has acquired Charlotte, North Carolina-based PeraHealth. The Spacelabs team will continue the journey that PeraHealth started more than 10 years ago to provide clinicians with a visual dashboard of the patient’s condition in real time, helping them to detect changes before they become life-threatening. Terms of the deal were not disclosed. Founded in 2010, PeraHealth develops predictive enterprise software based on the Rothman Index, a score to quantify patient acuity. PeraHealth’s solutions alert clinicians to patient deterioration, helping to reduce in-hospital mortality, unplanned transfers to the ICU and... Read More »
Prosperity Behavioral Health Acquires Elevated Billing

Prosperity Behavioral Health Acquires Elevated Billing

Prosperity Behavioral Health announced on February 14 that it has acquired Elevated Billing, a South Jordan, Utah-based revenue cycle management (RCM) company that serves behavioral health facilities. The acquisition will create new market opportunities and expand Prosperity’s service offerings. Terms of the deal were not disclosed. Prosperity Behavioral Health is a national provider of financial solutions for behavioral health facilities. Prosperity’s suite of financial services includes RCM, financial analysis and reporting, corporate strategy and back-office operations. Private equity firm NewSpring Capital invested in Prosperity in 2022. According to data captured in the LevinPro HC... Read More »