Telehealth Deals Pick Up in 2019
Digital health is hot, if deal volume is any measure (and we think it is). By mid-November, some 195 transactions are already on the books. That total is sure to surpass the 204 deals announced in all of 2018, which set a new record. In our DealSearchOnline database, the eHealth sector has grown in scope from simply electronic health records and revenue cycle management deals to include artificial intelligence and blockchain transactions in recent years. Telehealth has been around for some time, with the earliest deal in our database recorded in 2001. But the technology didn’t really take off, deal-wise, until 2016, when the number of deals rose to six. That doesn’t sound like... Read More »UNH & Optum Expand Their Digital Health Portfolio
Optum, a UnitedHealth Group (NYSE: UNH) company, has acquired another digital health company. The target is Vivify Health, whose mobile, cloud-based platform offers remote care management services such as personalized care plans and biometric data monitoring. The deal was first reported by CNBC. Vivify’s program uses health devices ranging from a wireless weight scale to portable blood pressure cuffs. Remote patient monitoring (RPM) systems offer a great deal of value for providers and payers. They help physicians and doctors stay up to date on a patient’s health without any hospital visits or trips, an they offer an opportunity to take preventative measures if a... Read More »Goldman Sachs Exits Marathon Health Investment
After a three-year partnership, Goldman Sachs is selling Marathon Health to General Atlantic LLC. Goldman Sachs acquired the company for $30 million back in 2016. Financial terms were not disclosed for the sale. Marathon Health provides digital health solutions to providers and healthcare organizations to help with health assessment, risk identification, coaching and advocacy, including disease management for high-cost chronic conditions. Marathon’s platform also offers electronic health record management, fitness tools and wellness support. General Atlantic’s majority stake investment will help Marathon further scale its operations and footprint to serve employees, spouses and... Read More »eHealth Activity Climbs in Q3
The eHealth sector came out swinging this quarter, reporting 51 deals, according to our Deal Search Online database. That’s a modest 9% uptick over Q2:19 deals, but a 38% increase over the same quarter in 2018. Year-to-date totals tell a similar story. In 2018, the first three quarters reported 146 deals, while 2019 clocks in with 151 deals so far. Announced prices have followed suit as well. By the end of the third quarter in 2018, there were roughly $12.8 billion in disclosed prices, but in 2019 we’ve seen approximately $17.9 billion in the sector. Four deals disclosed prices north of a billion dollars in the first three quarters of 2018, including Verscend Technologies,... Read More »
OptimizeRx Grows Patient Communication Platform with RMDY Acquisition
OptimizeRx (NYSE: OPRX), a digital patient communication company, ramped up its platform last week with the acquisition of RMDY Health for $16 million. RMDY offers a SaaS platform that provides a complete digital framework to help life science and healthcare stakeholders design and launch their own white-label collaborative digital care and patient support programs. The company’s web and mobile platform supports a wide range of digital therapeutic initiatives, with a focus on care and chronic disease management, among others. For 2019, the company has an estimated annual revenue of $3 million. The acquisition adds three new client segments to OptimizeRx’s existing patient... Read More »Schedule a demo
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