ELNA Medical Acquires m-Health Solutions
Montreal-based ELNA Medical, Canada’s largest integrated network of medical clinics, announced on November 10 its acquisition of m-Health Solutions in Hamilton, Ontario. ELNA’s acquisition of m-Health Solutions follows its investment earlier this year in virtual care provider MD Connected. CIBC Mid-Market Investment Banking acted as exclusive financial advisor to m-Health Solutions. m-Health Solutions has been a leading remote health diagnostics and monitoring solution for ambulatory patients since 2010. Used by more than 4,300 physicians and specialists in more than 60 hospitals and medical establishments across Ontario, m-Health Solutions provides in-home cardiac diagnostic... Read More »
Zelis Acquires Healthcare Payment Provider Payspan
Zelis announced on November 9 the completion of its acquisition of Payspan, a provider of healthcare electronic payment and reimbursement automation services. Terms of the transaction were not disclosed. FT Partners served as the exclusive financial and strategic advisor to Payspan for this transaction. Payspan was represented by Goodwin Procter LLP and Zelis was represented by Kirkland & Ellis LLP. With 18 years of industry presence, Payspan leverages a large healthcare payment network and flexible payment modalities to drive value-based care reimbursement, improve the patient experience and reduce costs. Payspan connects more than 600 health plans, 1.3 million provider payees and... Read More »
U.S. Acute Care Solutions Acquires MIDEO
U.S. Acute Care Solutions acquired MIDEO. Terms of the deal were not disclosed. Canton, Ohio-based U.S. Acute Care Solutions (USACS) is a physician-owned organization established in April 2015 by Emergency Medicine Physicians and private equity firm Welsh, Carson, Anderson & Stowe (WCAS). In February 2021, USACS bought out WCAS’ stake and became 90% owned by its physicians. Several health systems are minority owners. Erie, Pennsylvania-based MIDEO is a video-based advance care planning platform that provides individuals with the ability to visually and verbally communicate their wishes in any medical circumstance. According to the LevinPro HC database, this was the 298th eHealth... Read More »
Amwell Posts Strong Earnings as Converge Platform Grows
Amwell (NYSE:AMWL) announced its financial results for the third quarter ended September 30, 2022. Amwell, formerly known as American Well, is a telemedicine company that connects patients with doctors over secure video. The company came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.20 per share a year ago. During the call, Ido Shoenberg, Chairman and Co-CEO of Amwell, spoke of progress in migration to Amwell’s digital health platform Converge, showing the company’s understanding that it must offer more than just video televisits to stay relevant post-pandemic. Mr. Shoenberg name-dropped clients such as CVS... Read More »
Trivest Partners’ Portfolio Company Acquires Patient Engagement Company
On October 31, Unosquare, a portfolio company of private equity firm Trivest Partners, announced its acquisition of Catalyst UX, a patient engagement company. Unosquare s a global digital engineering company providing full-cycle digital transformation services, both nearshore and onshore, from delivery centers in the United States, Mexico, Colombia, Bolivia and the United Kingdom. Founded in 1994, Catalyst UX is a leading digital experience agency focused on the healthcare, life sciences and FinTech markets. Catalyst will complement Unosquare’s more than 1,000 delivery professionals and global operations across three continents. The acquisition adds to Unosquare’s strategy of providing its... Read More »Schedule a demo
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