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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., 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 »
WELL Health Technologies Corp. Acquires wisp
The digital health provider WELL Health Technologies Corp. has announced a new deal for Silicon Valley-based wisp, Inc. (WISP). WELL Health is a prolific strategic buyer in the healthcare M&A market (20 deals over three years) and has a robust network of clinics and telehealth operations in British Columbia, but has been making moves in the United States recently. The deal for WISP is valued at approximately $41 million, comprised of $27.7 million in cash and $6.2 million in WELL Health shares. WELL Health is acquiring roughly 53% of WISP, and the transaction includes a multi-year performance earnout up to a maximum of $7.4 million. WISP is a leading national provider of telehealth... Read More »
Equity Consortium Takes Inovalon Private
A group of private equity buyers has announced an agreement to acquire Inovalon, taking the publicly traded digital health company private. The group is led by Nordic Capital and joined by Insight Partners as lead co-investor, with 22C Capital, Inovalon founder/Chief Executive Officer Keith Dunleavy and certain Class B stockholders of Inovalon joining in on the investment. The deal is valued at $7.3 billion in an all-cash transaction. Inovalon stockholders will receive $41.00 per share in cash for each share of Class A Common Stock or Class B Common Stock. The company provides cloud-based platforms empowering data-driven healthcare. Through the Inovalon ONE Platform, it brings a... Read More »
