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Amwell Buys SilverCloud Health & Conversa Health
Last week, Amwell announced it was buying two digital health companies to boost its telehealth platform. The companies are SilverCloud Health, which delivers a range of digital cognitive behavioral health programs that are evidence-based and clinically validated, and Conversa Health, which helps leading healthcare organizations including Northwell Health, UCSF Health, UNC Health, University Hospitals and Prisma Health to remotely manage and engage patients by delivering configurable, automated text-based conversations to support a wide range of clinical needs. For the two companies, Amwell will pay $320 million in a mix of stock and cash. Aggregated 2021 calendar revenue of Conversa... Read More »
Waystar Buys Revenue Cycle Management Firm Patientco
With the support of three financial backers, Waystar has been steadily expanding over the past few years. The company specializes in revenue cycle management services and partners with more than 450,000 providers, 750 health systems and hospitals, and 5,000 payers and health plans. To bolster its services and network, it added eSolutions in 2020 from Francisco Partners, which has 6,000 payer connections in the healthcare and post-acute market and maintains a powerful and growing data set of billions of transactions. And last week, Waystar added Patientco, a portfolio company of Accel-KKR and The Blue Venture Fund. Patientco provides omnichannel patient payments, communications and... Read More »
Verisys Corporation and Aperture Health Merge in PE-Backed Deal
Two digital health companies, Verisys Corporation and Aperture Health, have been acquired and combined by funds managed by Stone Point Capital, a Greenwich, Connecticut-based private equity firm. No terms were disclosed. Verisys provides a comprehensive cloud-based technology platform of data, analytics, and services that supports enterprise-wide compliance in the U.S. healthcare industry. The company’s platform protects healthcare consumers by enforcing competency and regulatory compliance, system integrity, and patient safety through transparency. The company has been around for more than 30 years. Aperture Health helps health plans, health systems, and state Medicaid agencies... Read More »
Datavant Acquires Ciox Health
Private equity-backed Ciox Health has been sold in a $7 billion deal. The buyer was Datavant, a San Francisco-based digital health company that helps healthcare organizations safely link their data to improve medical research and patient care. It is backed by Roivant Sciences, SoftBank Vision Fund and Founders Fund. Ciox Health manages a platform that leverages clinical data to improve patient outcomes and lower healthcare costs. The company simply and securely connects healthcare decision-makers with the data and hidden insights in patient medical records. It was a portfolio company of New Mountain Capital. The combined company’s ecosystem of data and analytics will now include... Read More »
Convey Health Announces its Going Public
Healthcare technology firm Convey Holding Parent, Inc. announced a plan to raise $200 million through its upcoming IPO. The offering will consist of 13.3 million shares at an expected price range between $14 and $16 per share. In 2020, the company generated $288 million in consolidated revenue, a 28% increase over the previous year. Convey Holding Parent, also known as Convey Health, provides specialized Medicare technology solutions and healthcare advisory services to their customers. Its clientele ranges from national health insurance plans to pharmacy benefit management firms. Convey currently operates out of Fort Lauderdale, Florida. Convey Health has been backed by private equity... Read More »Schedule a demo
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