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Amwell Q4 Revenue Falls 22% Amid DHA Program Cuts
Amwell, a SaaS-based digital health platform for telehealth and hybrid care delivery, released fourth-quarter and full-year 2025 results on February 12, 2026. Top-line contraction stemmed mainly from the elimination of key Defense Health Agency (DHA) programs and attrition of older contracts, while the company narrowed losses through aggressive cost reductions and a strategic shift toward core payor and government clients. Amwell’s results reflect ongoing pressures from government contract changes (particularly DHA programs), with significant top-line erosion. Expense discipline and a targeted path to cash flow breakeven in Q4 2026 help offset some of this, though reimbursement... Read More »
EMS Management & Consultants Buys RCM Company Health Services Integration
EMS Management & Consultants has acquired Health Services Integration (HSI), according to a February 9 press release. Financial terms of the deal were not disclosed. HSI is a specialized air medical billing company dedicated to supporting air medical providers through complex reimbursement, payer relations and revenue integrity. The company was founded in 1999 and is headquartered in Santa Rosa, California. EMS Management & Consultants is a leading provider of revenue cycle management (RCM), compliance and operational solutions for fire, emergency medical services (EMS) and mobile healthcare organizations nationwide. The company supports more than 1,500 fire, EMS and mobile... Read More »
Behind the Deal: Sheridan Capital Partners’ Acquisition of ICANotes
In January, Sheridan Capital Partners, a Chicago, Illinois-based healthcare private equity firm, announced its first acquisition of the year with the purchase of ICANotes. ICANotes is a purpose-built electronic medical record (EMR) platform designed exclusively for behavioral health providers. ICANotes enables clinicians to document care, support compliance and bill at appropriate reimbursement levels. It is based in Baltimore, Maryland. Sheridan Capital Partners focuses on lower-middle-market buyouts and growth equity in the United States and Canada. Its website notes that it has raised more than $1 billion in capital and invested in 21 different platforms, as of January 2026. ... Read More »
Traumasoft Acquires Huly
Traumasoft, a portfolio company of Serent Capital, announced that it has acquired Huly. Huly is an artificial intelligence platform designed to enhance emergency medical services (EMS) agency workflows by automating time-intensive administrative processes. It has a focus on revenue cycle management, quality assurance/quality improvement and workforce operations. Traumasoft is a leading provider of cloud-based software for private EMS agencies and healthcare organizations. Traumasoft offers a fully cloud-based suite of products to its customers, including dispatching, electronic patient care reporting, billing and scheduling, all delivered in a fully end-to-end single integrated... Read More »
Sword Health Acquires Kaia Health
Sword Health announced on January 28 that it entered into an agreement to acquire Kaia Health. According to the press release, the transaction is valued at $258 million. Founded in 2016, Kaia Health is a leading digital therapeutics company that creates evidence-based treatments for a range of disorders, including musculoskeletal conditions and COPD. Kaia Health uses innovative technologies, including artificial intelligence and computer vision, and collaborates with medical experts to develop an interdisciplinary digital approach. It has offices in Munich, Germany and New York City. Sword Health’s solutions combine AI and clinical expertise to deliver pain-fighting care... Read More »Schedule a demo
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