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CloudMD Announces Second Deal in July
CloudMD Software & Services Inc. (OTCMKTS: DOCRF), a Canada-based digital health company, has announced two new acquisitions in July. Formerly known as Premier Health Group, Inc., CloudMD has had a pretty successful 2020 so far. It reported record revenues in Q1:20 of $3.1 million, reached over 100,000 subscribers on its telemedicine platform, and now has two new companies to boost its product portfolio and customer base. On July 16, CloudMD announced it purchased Snapclarity Inc., which manages an on-demand digital platform that provides an assessment for an individual’s personal risk of mental health disorders resulting in a personalized care plan, access to online resources, a... Read More »
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 »
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 »
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 »
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 »Schedule a demo
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