23andMe Merges With Telemedicine Platform Lemonaid Health

23andMe Merges With Telemedicine Platform Lemonaid Health

On October 22, 23andMe Holdings Co. announced the signing of a definitive merger agreement with Lemonaid Health, Inc., an on-demand platform for accessing medical care and pharmacy services online, for $400 million. A quarter of the purchase price will be paid in cash and 75% in shares of 23andMe Class A Common Stock. The acquisition, expected to close by the end of 2021, will add Lemonaid Health’s innovative telemedicine and prescription drug delivery services to 23andMe’s consumer business. Headquartered in Sunnyvale, California, 23andMe is a leading consumer genetics and research company that created the world’s largest crowdsourced platform for genetic research. Founded in 2006, the... Read More »
LifeSpeak Acquires Digital Health Company ALAViDA

LifeSpeak Acquires Digital Health Company ALAViDA

LifeSpeak Inc. announced the acquisition of ALAViDA Health Ltd., a Vancouver-based digital health company that provides cognitive-behavioral therapy (CBT) health solutions for substance use disorders (SUD), for total consideration of $12 million, comprised of a $7 million cash payment and potential for up to a $5 million earnout. Founded in 2004, LifeSpeak Inc. is a leading software-as-a-service provider of a platform for mental health and total wellbeing education for employees and customer-focused organizations. Lifespeak’s 100% confidential platform is packed with thousands of micro-learning videos, podcasts, “Ask the Expert” chat sessions and tip sheets covering a wide range of topics,... Read More »
Cloudmed Announces Acquisition of Eligibill

Cloudmed Announces Acquisition of Eligibill

On October 14, Cloudmed announced its acquisition of Eligibill, a leading provider of insurance discovery services for hospitals and healthcare systems. The Eligibill acquisition is yet another in a series of investments that have been made by Cloudmed this year. Cloudmed is a healthcare technology company focused on revenue capture and data-driven insights for healthcare providers through its CloudmedAI Platform™. Cloudmed partners with over 3,100 healthcare providers in the United States and recovers over $1.5 billion of underpaid or unidentified revenue for its clients annually. This acquisition grows Cloudmed’s scale in the revenue cycle management (RCM) space, and Eligibill CEO Robert... Read More »
Carbon Health Furthers Its National Ambitions with Alertive Healthcare Acquisition

Carbon Health Furthers Its National Ambitions with Alertive Healthcare Acquisition

Earlier this week, San Francisco-based primary care provider Carbon Health acquired Alertive Healthcare, a remote patient monitoring company founded in 2017, furthering its ambition to become the nation’s largest primary care provider. Alertive Healthcare, formerly known as Sentinel, offers its turn-key remote patient monitoring (RPM) platform to nearly 40 provider clinics across the United States. The platform uses integrated devices to collect physiological data from patients and deliver alerts about a patient’s adherence or when their condition becomes critical. Carbon Health is a technology-enabled primary care provider that has developed an end-to-end app platform for patients and... Read More »
Amulet Capital Partners Acquires Remedy Health Media

Amulet Capital Partners Acquires Remedy Health Media

Last week, Amulet Capital Partners, LP announced the acquisition of Remedy Health Media, a leading digital health platform serving patients, caregivers and healthcare providers through a family of trusted health information websites. Amulet acquired Remedy from Topspin Consumer Partners, a Mamaroneck, NY-based private equity firm that invests in established, profitable and fast-growing middle-market consumer businesses. Terms of the transaction were not disclosed. Established in 1994, Remedy Health Media is the nation’s fastest-growing health information and technology company. The company produces, publishes and distributes inspiring, authentic and action-oriented digital content to... Read More »
WELL Health Technologies Corp. Strikes Another Deal

WELL Health Technologies Corp. Strikes Another Deal

WELL Health Technologies Corp., the Canadian digital health company, has announced a new deal for Aware MD based in Ontario. The deal is valued at CAD 4.5 million, or roughly $3.6 million. The deal also includes a conditional earn-out based on the overall operating performance of Aware MD of up to $2.7 million. In 2020, Aware MD generated $1.58 million in revenue. Aware MD is an enterprise-class electronic medical records (EMR) provider with an array of products and services for disease specialties including cardiology, radiology, endocrinology, and rheumatology. Aware MD developed the Cerebrum proprietary workflow solution designed for specialists to manage busy and multi-diagnostic... Read More »