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Gainwell Technologies Acquires HMS

Gainwell Technologies Acquires HMS

by | Dec 29, 2020 8:11 am | eHealth, Private Equity

Gainwell Technologies, a portfolio company of Veritas Capital, has announced it acquired HMS (NASDAQ: HMSY). HMS provides a broad range of payment accuracy and population health management solutions, as well as analytics and engagement solutions. Under the terms of the agreement, Gainwell will buy HMS for $3.4 billion, or $37 per share in cash, a 52% premium to HMS’ unaffected share price as of October 2, 2020, the last trading day prior to when reports of a possible transaction were published. The purchase price comes out to 5.13x HMS’ 2020 annualized revenue and 22.60x HMS’ annualized EBITDA.  Gainwell Technologies supports clients across the United States and territories with offerings... Read More »
Cerner Corporation adds Kantar Health

Cerner Corporation adds Kantar Health

by | Dec 21, 2020 3:59 pm | eHealth

After no updates in the M&A market for more than five years, according to results in our Healthcare Deal Database, Cerner Corporation (NASDAQ: CERN) is back with a new deal. The digital health company announced it is acquiring Kantar Health for $375 million in cash from Kantar Group. Kantar Group is a portfolio company of Bain Capital. Kantar Health is a data analytics and real-world evidence and commercial research consultancy serving the life science industry. Cerner offers an integrated clinical and financial system to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial and operational needs. Kantar Health’s proprietary... Read More »
Cerner Corporation adds Kantar Health

PointClickCare Technologies Adds Collective Medical

by | Dec 15, 2020 8:17 am | eHealth

PointClickCare Technologies Inc. announced last week it is acquiring Collective Medical in an effort to more than double its platform size. PointClickCare Technologies is a software platform supporting a network of more than 21,000 skilled nursing facilities, senior living communities and home health agencies. It is backed by JMI Equity and Dragoneer Investment Group. Collective Medical is a leading real-time care notification, activation, and collaboration platform. The company’s platform collects data from electronic health records (EHRs) and health information exchanges to help providers make informed decisions. Sources cited in Business Insider value the merger at approximately... Read More »
Cerner Corporation adds Kantar Health

UpHealth, Cloudbreak Health Merge With SPAC in $1.35B Deal

by | Nov 30, 2020 4:11 pm | eHealth, SPAC

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 »
Cerner Corporation adds Kantar Health

Centene Corporation Adds Digital Health Analytics Firm

by | Nov 16, 2020 4:26 pm | eHealth, Managed Care

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 »
Cerner Corporation adds Kantar Health

WELL Health Expands Telehealth Portfolio

by | Nov 9, 2020 4:19 pm | eHealth

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 »