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U.S. Acute Care Solutions Acquires MIDEO

U.S. Acute Care Solutions Acquires MIDEO

by | Nov 8, 2022 10:39 am | eHealth

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 Posts Strong Earnings as Converge Platform Grows

by | Nov 8, 2022 9:34 am | eHealth

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 »
U.S. Acute Care Solutions Acquires MIDEO

Trivest Partners’ Portfolio Company Acquires Patient Engagement Company

by | Nov 1, 2022 1:39 pm | eHealth, Private Equity

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 »
Amwell Posts Strong Earnings as Converge Platform Grows

Google Acquires Sound Life Sciences

by | Oct 28, 2022 9:53 am | eHealth

Google has acquired Seattle-based Sound Life Sciences. Terms of the deal were not disclosed. Google focuses on search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence and consumer electronics. In 2017, Google acquired Senosis Health, which develops apps to monitor health, including hemoglobin levels and bone strength. Senosis also developed an app to measure breathing by holding a phone at arm’s length and blowing on it. Mountain View, California-based Google and its parent Alphabet have invested in health technology for many years. Alphabet subsidiary Verily Life Sciences uses connected devices for patient... Read More »
New Mountain Capital Acquired ClaimLogiq

New Mountain Capital Acquired ClaimLogiq

by | Oct 25, 2022 4:25 pm | eHealth

Private equity firm New Mountain Capital, LLC has announced an investment in ClaimLogiq. No financial terms were disclosed, but New Mountain Capital is investing alongside ClaimLogiq’s existing investor, Eir Partners. ClaimLogic is a medical claims and processing company that provides integrated revenue cycle management (RCM) solutions and electronic transaction processing systems, as well as tools for healthcare providers of all sizes, including hospitals and physicians. The company is based in  Mt. Pleasant, South Carolina. This isn’t New Mountain Capital’s first investment in the digital health market. In 2019, the firm purchased emids, which partners with health technology... Read More »
National Medical Billing Services Acquires RCM Provider MedTek

National Medical Billing Services Acquires RCM Provider MedTek

by | Oct 25, 2022 1:15 pm | eHealth, Private Equity

National Medical Billing Services, a healthcare revenue cycle management (RCM) company serving the surgical market, has acquired Woodland Hills, California-based RCM provider MedTek, LLC. This partnership will further enhance National Medical’s position as the complete end-to-end provider of outsourced revenue cycle solutions serving ASCs, surgical practices and anesthesia groups. Neal, Gerber & Eisenberg and Ropes & Gray LLP served as legal counsel to National Medical. Lincoln International served as the exclusive financial advisor to MedTek for this transaction and Proskauer Rose LLP served as legal counsel to MedTek. Founded in 2001 and headquartered in Woodland Hills,... Read More »