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Transcarent to Acquire On-Demand Primary Care Company 98point6

Transcarent to Acquire On-Demand Primary Care Company 98point6

Transcarent announced its plans to acquire 98point6. According to data captured in the LevinPro HC database, this acquisition represents the 49th eHealth transaction of 2023, seven of them in the telehealth specialty. Founded in 2015, 98point6 is an AI-powered, digital primary care service that provides personalized consultation, diagnosis and treatment to patients. The transaction is expected to close March 31, 2023, after which 98point6 will continue to develop technology solutions and focus its efforts on licensing its 98point6 technology platform software to third-party health care providers. Transcarent’s acquisition of 98point6’s technology and the ability to closely partner with an... Read More »
agilon health Acquires mphrX in $45 Million Deal

agilon health Acquires mphrX in $45 Million Deal

agilon health has acquired mphrX with a $45 million investment. Management does not anticipate mphrX will have a meaningful impact on agilon’s adjusted EBITDA in 2023. Macquarie Capital Partners, LLC served as exclusive financial advisor to mphrX. mphrX created the Minerva Healthcare Data Platform, which uses FHIR-based standards to help organizations aggregate, access and store data across healthcare delivery networks. agilon health provides the technology, people, capital, process and access to a peer network of more than 2,200 primary care physicians that allow physician groups to maintain their independence. According to data captured in the LevinPro HC database, this transaction marks... Read More »
WeInfuse Secures Growth Investment from Curewell Capital

WeInfuse Secures Growth Investment from Curewell Capital

Curewell Capital has made a significant growth equity investment in WeInfuse to support the company’s continued expansion and strategic initiatives. WeInfuse will use the newly secured funds to invest in its foundational software platform for infusion centers and accelerate its home infusion and specialty pharmacy solutions. To continue delivery of software solutions to providers of specialty infusion services, Curewell and WeInfuse have formed the Infusion Technology Advisory Council (ITAC), assembling industry leaders from the infusion, specialty pharmacy and healthcare technology sectors. As part of the investment, Michael Dal Bello and Ceron Rhee, partners at Curewell Capital,... Read More »
LOGEX Announces Investment from Thoma Bravo

LOGEX Announces Investment from Thoma Bravo

LOGEX announced on March 1 an investment from Thoma Bravo, a leading software investment firm. LOGEX’s existing shareholders, the company’s founders and Summa Equity will remain invested with the business and will work closely with Thoma Bravo and the executive committee to support LOGEX’s European growth and further drive innovation in healthcare analytics. This marks Thoma Bravo’s inaugural investment by its European  team. Jefferies LLC served as the exclusive financial advisor to LOGEX and Allen & Overy served as legal counsel. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Harris Williams LLC served as Thoma Bravo’s exclusive... Read More »
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 »