• AngelEye Health Buys SupportSpot Platform from Child Life On Call

    AngelEye Health announced on March 25 the acquisition of the SupportSpot platform from Austin, Texas-based Child Life On Call. The SupportSpot platform was developed by Child Life On Call, a digital platform dedicated to child life–informed psychosocial support and procedural preparation resources for pediatric patients and their families.... Read More »
  • Vitality Global Acquires Ramp Health

    Vitality Global will be acquiring Ramp Health for an undisclosed price, according to a March 25 press release. Ramp Health is a comprehensive, full-service risk mitigation provider that partners with employers, government agencies and insurers to improve employee health and safety, increase engagement and reduce healthcare and workers’... Read More »
  • Greenhouse Medical Plaza in Houston, TX Sold

    According to a March 24 press release, Edloe Realty has acquired Greenhouse Medical Plaza in Houston, Texas. Greenhouse Medical Plaza is a 116,869-square-foot medical outpatient building (MOB). Constructed in 2014, the MOB is currently 57% leased to an attractive mix of healthcare tenants, with a recently completed two-operating room,... Read More »
  • Gilead Sciences to Buy Ouro Medicines for $1.68 Billion Upfront

    Gilead Sciences has plans to acquire Ouro Medicines based in South San Francisco, California. The transaction, which was announced on March 24, includes an upfront payment of approximately $1.68 billion, along with up to $500 million in milestone-based payments linked to development and regulatory progress. Ouro Medicines is a privately held... Read More »
  • The Money Always Wins: A Healthcare Webinar Wrap Up

    Last week, Ben Swett, Managing Editor of The SeniorCare Investor, was joined by John Tiedmann, Managing Director at Physician Growth Partners, Bill Hoffman, Shareholder at Polsinelli and Matt Bogle, Managing Director at Intrinsic, to discuss the trends facing the healthcare industry. Based on data in the LevinPro HC database, the conversation... Read More »

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Health Catalyst Invests In healthfinch

Health Catalyst Invests In healthfinch

To kick off the third quarter, Health Catalyst has announced its second acquisition of 2020. On July 9, the company announced it acquired healthfinch, Inc. for roughly $40 million. healthfinch provides a workflow integration engine delivering insights and analytics into EMR workflows to automate physicians’ ability to close patient care gaps in real-time. The digital health company is most known for its platform “Charlie,” which handles routine, repeatable, and non-reimbursable “busywork” that tend to burden physicians. The company’s technology is used by more than 5,000 providers and has served 1.7 million patients The acquisition of healthfinch gives a... Read More »
Health Catalyst Invests In healthfinch

eHealth Activity Drove Busy June

Based on preliminary numbers, there were 119 deals announced in June 2020, a 19% increase over deal volume in May 2020. June’s transaction volume was largely boosted by a surge in eHealth activity, which accounted for 20% of deal volume. The 24 deals announced in June even tops June 2019’s eHealth activity, where only 16 transactions were announced, according to our Deal Search Online database.  However, dollar volume in eHealth transactions declined heavily in June compared with June 2019, but that comparison might be unfair. Dassault Systemes (Paris: DSY) announced it was acquiring Medidata Solutions, Inc. (NASDAQ: MDSO) on June 12, 2019 for $5.8 billion, which overshadows... Read More »
Health Catalyst Invests In healthfinch

MTBC Adds Meridian Medical to Boost Healthcare IT

MTBC (NASDAQ: MTBC) has announced a new acquisition, significantly expanding its revenue cycle management (RCM) and healthcare IT capabilities. The company revealed on June 17 it purchased Meridian Medical Management, a healthcare IT company that delivers advanced healthcare information technology solutions and RCM services to thousands of healthcare providers nationwide. Gores Meridian Medical Holdings, LLC (Gores) has been the owner of Meridian (f.k.a GE Healthcare Strategic Sourcing) since 2013 when it purchased the company from GE Healthcare for an undisclosed price. Gores is selling Meridian for $19.8 million. The price breaks down to $15 million cash and the assumption of $4.8... Read More »
Health Catalyst Invests In healthfinch

WELL Health Boosts Digital Health Portfolio

WELL Health Technologies Corp. (TSX.V: WELL) has added another digital health firm to its growing portfolio. This week, the Canadian company announced it is acquiring Indivica, Inc. for $4.47 million (CA$6.2 million), consisting of CA$3.41 million in cash upon closing; CA$1.55 million in WELL common shares and a time-based earn-out of CA$1.24 million paid within 120 days of closing. Indivica provides fully hosted electronic medical record (EMR) software and services to more than 390 clinics serving more than 2,000 physicians and medical practitioners in Ontario. On a trailing 12-month basis, Indivica generated approximately US$1.3 million in total revenue, the vast majority from recurring... Read More »
NaviHealth Changes Owners – Again

NaviHealth Changes Owners – Again

The merry-go-round of owners may finally be slowing for naviHealth, a digital healthcare company that helps health systems and insurers manage post-acute care bundled payments. In its third change of command, naviHealth is now part of OptumHealth, which is part of the Optum division of UnitedHealth (NYSE: UNH). It now manages post-acute services for 4.5 million Medicare Advantage members and nine of the top 10 health systems. NaviHealth was founded in 2012 by Tom Scully, former administrator for the Centers for Medicare and Medicaid Services (CMS), who joined Welsh, Carson, Anderson & Stowe in 2004. In August 2015, WCAS sold a 71% stake in the company to Cardinal Health (NYSE: CAH) for... Read More »
Change Healthcare Lives Up to its Name

Change Healthcare Lives Up to its Name

This is an eventful year for Change Healthcare (NASDAQ: CHNG). Not only did it split from longtime partner McKesson Corporation (NYSE: MCK) in March, it bought and sold some companies in May. First, the split with McKesson. Back in June 2016, McKesson acquired a 70% stake in Change Healthcare, then backed by Blackstone Group and Hellman & Friedman. At the time, Change provided software, analytics, and network solutions aimed to give users more effective communications, payments, and actionable insights. The merger combined substantially all of Change Healthcare’s business and the majority of McKesson’s Technology Solutions into a new company, still called Change Healthcare.... Read More »