Vocera Adds New Patient Engagement Firm
Vocera Communications, Inc. (NYSE: VCRA), a mobile technology company serving the healthcare market, has expanded its patient engagement platform through a new acquisition. Last week, Vocera purchased a 100% interest in EASE Applications, LLC for $25 million in cash. This is Vocera’s first acquisition of 2020, but the company has had a solid financial year, reporting total revenue of $47.3 million for the second quarter of 2020, compared to revenue of $44.8 million in the second quarter of 2019. Its remote communication services were probably in high demand due to changes triggered by COVID-19. The addition of EASE will most likely help them in the COVID-19 environment as well. EASE... Read More »
Health Catalyst Acquires Vitalware
Health Catalyst (NASDAQ: HCAT) has been an active buyer this year. In July, the digital health firm purchased healthfinch, Inc. for $40 million to build its population health portfolio and electronic health record platform, and now it is boosting its revenue cycle management services. Health Catalyst announced last week it is acquiring Vitalware, LLC, which provides revenue workflow optimization and analytics SaaS technology solutions to healthcare organizations. The terms of the deal include $120 million upfront and an additional $30 million could be paid as a potential earnout. The upfront payment will be comprised of a mix of cash and 1,487,210 shares valued at $33.62. Vitalware offers... Read More »
Teladoc Health and Livongo Health Merge
The virtual care giant Teladoc Health, Inc. (NYSE: TDOC) is having a wild year. The company’s second-quarter earnings reports showed Teladoc’s year-over-year revenues surged by 85% to $241 million, and its total telehealth visits rose to 2.8 million, a year-over-year increase of 203%, all thanks to the effects of COVD-19. And now, Teladoc has announced a new merger with Livongo Health, Inc. (NASDAQ: LVGO) valued at $18.5 billion. Livongo is a leading Applied Health Signals company, using its AI+AI engine and a team of data scientists to aggregate and interpret substantial amounts of health data and information to create actionable, personalized health signals delivered to... Read More »
SOC Telemed is Going Public in New Deal
One of the nations’ largest telemedicine providers is now going public. Specialists On Call, Inc. (d/b/a SOC Telemed) has been acquired by Healthcare Merger Corp. (NASDAQ: HCCO), a special purpose acquisition company, for $720 million from Warburg Pincus. Institutional Investors including BlackRock Inc., Baron Capital Group, and ClearBridge Investments, have committed to a private investment of $165 million in the combined company. SOC’s current management and equity holders, including Warburg Pincus, will roll a portion of their equity into the new SOC, and the proceeds generated by the transaction will be used to pay down existing debt. Once the merger is complete, the new company will... Read More »
DXC Divests Another Business Line
DXC Technology (NYSE: DXC) has spent 2020 trying to streamline its business portfolio. When Mike Salvino took over as CEO of DXC in September 2019, he announced during his first earnings call that the company was planning strategic alternatives, including the possible divestiture of three of its non-core assets, which made up roughly 25% of the company’s revenue. And last week, DXC announced another milestone in that campaign. The company revealed it is selling its healthcare software provider business to Dedalus Group for $525 million. DXC’s healthcare software business is an open digital health platform that helps improve care outcomes by delivering contextual and... Read More »Schedule a demo
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