UpHealth, Cloudbreak Health Merge With SPAC in $1.35B Deal
UpHealth Holdings, Inc. and Cloudbreak Health, LLC are merging to create a digital health powerhouse. GigCapital2 Inc. (NYSE: GIX), a special purpose acquisition corporation (SPAC), is the buyer behind the acquisition and will be combining the two companies. UpHealth is one of the largest national and international digital healthcare providers, and Cloudbreak Health is a leading telemedicine and video medical interpretation solutions provider. Cloudbreak offers telehealth solutions covering telepsychiatry, telestroke, tele-quarantine and remote patient monitoring. The combined company will have a combined pro forma enterprise value of $1.35 billion. GigCapital2 will merge... Read More »
Centene Corporation Adds Digital Health Analytics Firm
Centene Corporation (NYSE: CNC), the managed care giant, has acquired Apixio Inc. to boost its healthcare analytics capabilities. Terms of the deal were not disclosed. San Mateo, California-based Apixio provides a technology suite that mines, compiles and analyzes large volumes of disparate, unstructured patient data (such as physician notes and medical charts), and creates and refines algorithms to extract high-quality insights to support payers’ and providers’ administrative activities. Apixio’s AI platform has been trained to handle the complexities and challenges of the healthcare industry and deliver proven results. Apixio will remain an operationally independent entity as part of... Read More »
WELL Health Expands Telehealth Portfolio
WELL Health Technologies Corp. (TSX.V: WELL) has been on an acquisition marathon this year. The company has announced six transactions so far, based on search results from our HealthCareMandA.com Deal Database, including a new deal this week for Toronto-based INSIG Corporation. INSIG is a virtual care platform with a SaaS-enabled marketplace currently supporting over 2,800 healthcare practitioners. The platform has performed approximately 200,000 virtual care appointments in the last 90 days and has been used by over 500,000 patients since its inception. WELL Health is a digital health company leveraging the latest technology and trends in digital health. It owns and operates 20 primary... Read More »
CloudMD Announces Back-to-Back Deals
It was another busy week for CloudMD Software & Services Inc. (OTCMKTS: DOCRF). The Canadian digital health company announced two acquisitions, giving the company a total of nine deals in 2020, according to search results in HealthCareMandA.com Deal Database. CloudMD offers SaaS-based health technology solutions to medical clinics across Canada and provides services to a combined ecosystem of 376 clinics, more than 3,000 licensed practitioners, and almost 3 million patient charts across its servers. It was formed in 2013 and was formerly known as Premier Health Group. On October 21, CloudMD announced the acquisition of Canadian Medical Directory, Canada’s largest directory of medical... Read More »
CarePort Health Sold to WellSky
Four years after acquiring CarePort Health, healthcare IT company Allscripts Healthcare Solutions Ltd. (NASDAQ: MDRX) is selling the post-acute patient care business to WellSky Corp. for $1.35 billion. Allscripts announced its acquisition of CarePort on October 20, 2016, for an undisclosed amount, according to search results in HealthCareMandA.com Deal Database. Allscripts, known for its electronic health record (EHR) business, was looking for solutions to help it navigate the shift in healthcare reimbursement and legislation that was pushing healthcare providers and support services to deliver better outcomes for patients. “Managing post-acute care is now a necessary and integral... Read More »Schedule a demo
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