Microsoft Pushes Deeper Into Health With Nuance Buy
The technology and software giant Microsoft Corp. (NASDAQ: MSFT) is making another big push into the healthcare market. The company is buying Nuance Communications, Inc. for $19.7 billion ($56.00 per share) in cash, the largest transaction in the healthcare market of the year so far. The price is a 23% premium to the closing price of Nuance on Friday, April 9, and is valued at approximately 14.25x and 89.47x Nuance’s Q4:20 annualized revenue and EBITDA, respectively. Nuance provides conversational AI and cloud-based ambient clinical intelligence for healthcare providers. Nuance’s products include the Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology... Read More »
What’s Next for eHealth?
The eHealth market is as active as ever. Digital health companies were in hot demand throughout 2020, with 246 deals on the books for last year, an annual record for the sector. In the first quarter of 2021, we already have 102 deals, according to search results in our Healthcare Deals Database. In 2020, it was all about virtual care and telehealth, exemplified by eHealth deals such as Teladoc Health, Inc.’s (NYSE: TDOC) $18.5 billion acquisition of Livongo Health, Inc. or the $1.35 billion reverse merger of UpHealth and Cloudbreak Health with Oaktree Acquisition Corp., a special purpose acquisition company. Much of the demand in eHealth was due to the Covid-19 pandemic, but other... Read More »
SOC Telemed Acquires Access Physicians
The national telehealth provider SOC Telemed has announced a new deal for Access Physicians valued at $194 million upfront with additional potential consideration based on performance. Access Physicians is an experienced multi-specialty acute inpatient telemedicine provider focused on cardiac care, inpatient hospital care, tele-neurology, maternal-fetal expertise, tele-pulmonary and infectious disease management. SOC Telemed (f.k.a Specialists On Call, Inc.) just went public over the summer through a reverse merger with Healthcare Merger Corp., a special purpose acquisition company. The deal valued SOC Telemed at $720 million, and institutional investors including BlackRock Inc., Baron... Read More »
PatientPing Acquired By PE-Backed Appriss Health
The private equity-backed Appriss Health has announced the acquisition of PatientPing, a large care coordination platform based in Boston, Massachusetts. PatientPing has developed a platform that enables providers to collaborate on shared patients through a comprehensive suite of solutions and allows provider organizations, health plans, governments, individuals and the organizations supporting them to leverage real-time patient data to reach their shared goals of improving the efficiency of the healthcare system. PatientPing’s network connects over 1,250 hospitals, 7,000 post-acute care facilities, and hundreds of other providers such as Federally Qualified Health Centers, social and... Read More »
Doctor On Demand Merges With Grand Rounds
Telehealth provider Doctor On Demand announced plans last week to merge with Grand Rounds to form a new company centered around virtual care. Doctor On Demand provides a full suite of personalized Total Virtual Care services including primary care, integrated behavioral health, everyday and urgent care, chronic condition management, and prevention. The company delivers services through employers, health plans, Medicare Part B, and directly to consumers. Grand Rounds provides care coordination and expert medical opinions, and it helps clients understand and navigate health care insurance benefits. No terms for the merger were... Read More »Schedule a demo
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