GoodRx Completes Acquisition of vitaCare for $150 Million
GoodRx, a leading consumer-focused digital healthcare platform, announced the completion of its previously announced acquisition of vitaCare Prescription Services from TherapeuticsMD for $150 million in cash, with an additional $7 million of consideration contingent payment upon vitaCare’s financial performance through 2023. VitaCare Prescription Services is a technology and services platform that helps patients navigate key access and adherence barriers for brand medications. Specifically, vitaCare helps patients understand coverage and identify available savings opportunities, and facilitates communications between providers and payors. The platform also offers a seamless path for... Read More »
MedPiper Strengthens Position in India
On March 25, MedPiper announced that it was acquiring MedWriter. Financial terms of the transaction were not disclosed. MedPiper, based in Bengaluru, India, is a platform to help verified healthcare professionals track job alerts, industry updates, research trends and more. It boasts of a database of over 65,000 verified health care providers and it provides its services for 35 healthcare organizations. MedWriter is an artificial intelligence writing assistant for doctors. MedWriter was designed and built by Lonere Labs, which acted as the seller in this transaction. Lonere Labs is a Bangalore-based product lab run by Abhijeet Katte. Already, more than 1,000 doctors and healthcare... Read More »
Consensus Cloud Solutions Acquires Summit Healthcare
Consensus Cloud Solutions, a trusted global source for the transformation, enhancement and secure exchange of digital information, announced that it has acquired Summit Healthcare Services in a deal finalized on February 4, 2022. Financial terms of the transaction were not disclosed. The combination of Summit Healthcare’s technology solutions and services with Consensus Cloud Solution’s advanced cloud and Natural Language Processing (NLP)/Artificial Intelligence (AI) capabilities will provide many benefits throughout the continuum of care, including improved staff productivity and care continuity, which will positively impact health outcomes. This is Consensus’ first acquisition as a... Read More »
Allscripts to Sell Hospital and Large Physician Practice Assets for up to $700 Million
Constellation Software Inc. completed its agreement with Allscripts Healthcare Solutions to acquire the net assets of Allscripts’ Hospitals and Large Physician Practices business segment, which largely focuses on electronic health record services and backend office support, through its wholly-owned subsidiary, N. Harris Computer Corporation. Allscripts’ Hospitals and Large Physician Practices business segment includes the Sunrise™, Paragon®, Allscripts TouchWorks®, Allscripts® Opal and dbMotion™ solutions. However, the assets of Allscripts’ Veradigm business segment are not included in this transaction and will continue to be owned by Allscripts going forward. According to... Read More »
Cerner Posts A Lower Than Expected Financial Performance
Cerner Corporation posted its financial performance for the fourth quarter of 2021, and the full year of 2021. Cerner is an electronic health record (EHR) vendor based in Missouri. For 2021, the company posted a revenue of $5.7 billion, which is up 5% from 2020 at $5.5 billion. Its net earnings for 2021 decreased from $780.1 million in 2020 to $555.6 million in 2021, which represents a 29% drop from the year before. In the fourth quarter of 2021, Cerner reported $1.45 billion in revenue, which is up from 2020 that reported $1.39 billion for the same period. Net earnings also rose in the final quarter, with $174.8 million, which is a 24% increase from $141.5 million in 2020. Yet, Cerner’s... Read More »Schedule a demo
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