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 »
Insulet Pays $25 Million for Assets of Bigfoot Biomedical’s Insulin Delivery Technologies
Insulet Corporation paid $25 million for assets related to Bigfoot Biomedical’s pump-based automated insulin delivery technologies. The acquisition includes certain Bigfoot patents related to pumps that may be used for automated insulin delivery therapy. Bigfoot Biomedical is a leader in developing intelligent connected injection support systems. Insulet is a medical device company dedicated to simplifying life for people with diabetes and other conditions through its Omnipod product platform. According to data captured in the LevinPro HC database, this acquisition represents the second remote patient monitoring (RPM) deal of 2023. There were 15 RPM transactions in... Read More »
India’s MediBuddy Acquires vHealth From Aetna
MediBuddy has acquired Dehli, India-based vHealth from Aetna Inc. Over the next six months, vHealth will transition to be rebranded as MediBuddy vHealth. Terms of the deal were not disclosed. vHealth is the India-based health business of Aetna Inc., a CVS Health company. vHealth offers subscription-based primary healthcare services such as telehealth consultations, an outpatient network, pharmacy, diagnostics and dental as well as other benefits. Bangalore, India-based MediBuddy is a healthtech platform that was founded in 2013 by Satish Kannan and Enbasekar Dinadayalane. It has a network of 2,500 pharmacies, 3,000 diagnostic centers, 7,000 hospitals and 90,000 doctors in several Indian... Read More »
ImageTrend Announces Strategic Growth Investment From WCAS
ImageTrend, Inc. announced an equity investment from Welsh, Carson, Anderson & Stowe (WCAS). Robert W. Baird & Co. acted as the financial advisor for ImageTrend. Kirkland & Ellis LLP served as legal counsel and Shea & Co. served as financial advisor to WCAS. Terms of the deal were not disclosed. ImageTrend delivers software solutions, data analytics and services for EMS departments, hospitals, community paramedicine (CP), critical care, fire and preparedness functions to enable fully integrated patient-centric healthcare and public safety. WCAS is a private equity firm focused on two target industries, technology and health care. Since its founding in 1979, the firm has... Read More »
Medline Acquires ShiftKey
Northfield, Illinois-based Medline Industries, Inc. has acquired ShiftKey, which is based in Irving, Texas. ShiftKey integrates with a solution in Medline’s tech portfolio, OnShift, an end-to-end workforce engagement platform. This integration provides a view of the schedule, including facility employees, agency workers and those on the ShiftKey platform all in one place. Prior to this transaction, ShiftKey made a strategic investment in OnShift to further complement its workforce technologies. Terms of the deal were not disclosed. ShiftKey is a scheduling and credential management platform designed to combat the national healthcare staffing shortage by empowering healthcare... Read More »Schedule a demo
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