PE Firms Growing Influence in eHealth

PE Firms Growing Influence in eHealth

by | Apr 8, 2019 10:26 am | eHealth, Private Equity

In our 2019 Health Care Services Acquisition Report, Twenty-Fifth Edition, we reported how private equity firms have reshaped healthcare M&A on the services side. However, PE firms and their portfolio companies are also molding the tech sector, particularly in eHealth. In 2017, private equity firms and their portfolio companies accounted for roughly 29% of the 164 digital health deals. In 2018, they accounted for 67 deals, or nearly 33% of the 204 deals reported. Their activity is increasing in both number and volume. In terms of spending volume, private equity firms and portfolio companies accounted for 40% of announced prices for 2017 at roughly $3.69 billion. In 2018, it was nearly... Read More »
Teledoc Moves into French Telemedicine

Teledoc Moves into French Telemedicine

by | Mar 22, 2019 3:32 pm | eHealth

Teladoc, Inc. (NYSE: TDOC) announced this week it will acquire MedecinDirect, an accredited mobile platform for the healthcare industry. MedecinDirect provides personalized medical advice and subscriptions to patients online and by telephone. The deal will combine Teladoc’s virtual care services with MedecinDirect’s consultation and prescription digital health solutions. The organization will become the French country unit of Teladoc Health. This acquisition adds to the growing list of purchases focused on telemedicine and virtual health. You might remember a few earlier this year. Medici bought Chiron Health in January for an undisclosed amount. Chiron provides secure remote... Read More »
Social Determinants of Health Network Acquired by Signify

Social Determinants of Health Network Acquired by Signify

by | Mar 19, 2019 12:44 pm | eHealth, Private Equity

“Social determinants of health” is healthcare’s latest Phrase of the Year. It made its mark at the January 2019 J.P. Morgan Healthcare Conference in San Francisco and has now turned up in a deal announcement. It’s only the first of many, we’re sure. March 15 marked Signify Health’s first acquisition since New Mountain Capital stepped in. The of TAVHealth, based in San Antonio, Texas. The price was not disclosed, although CNBC reported the deal “was in the high double-digit millions.” Signify has a multi-billion dollar valuation, according to the company. The target was TAVHealth, a San Antonio, Texas-based startup that uses social... Read More »
Digital Pharmacist Bought by K1 Investment Management

Digital Pharmacist Bought by K1 Investment Management

by | Mar 15, 2019 4:52 pm | eHealth

K1 Investment Management, LLC, a leading investment firm focusing on high-growth enterprise software companies globally, has purchased Digital Pharmacist Inc. for $100 million. Digital Pharmacist provides HIPAA-compliant web, text, mobile and voice applications for pharmacies to automate refill requests and reminders, and to automate communication with patients. Over 7,500 pharmacies currently use the platform. With the investment from K1, Digital Pharmacist will scale its operations to meet the increasing demand for its platform. It will develop new products to further enhance the patient-pharmacist experience. Digital Pharmacist’s management team and employees will continue to operate... Read More »
AbleTo, Inc. Acquires Digital Therapy Platform Joyable

AbleTo, Inc. Acquires Digital Therapy Platform Joyable

by | Mar 8, 2019 4:58 pm | Behavioral Health Care, eHealth

Behavioral health care is starting to take a new form, and it might even fit in our pocket. AbleTo, Inc., a technology-enabled behavioral health care company, announced its purchase of Joyable for an undisclosed sum. Joyable operates an app-based digital therapy platform that provides patients and users with mental health support and guidance. Behavioral health and digital health have overlapped in recent years, and this deal is just more evidence that behavioral health care is changing. AbleTo aims to strengthen its virtual behavioral health care with a digital platform that delivers clinically-based therapies. AbleTo provides treatment virtually through a network of more than 600... Read More »
Teledoc Moves into French Telemedicine

Tabula Rasa Builds its Patient Engagement Platform

by | Mar 8, 2019 4:30 pm | eHealth

Tabula Rasa HealthCare, Inc. (NASDAQ: TRHC) has acquired PrescribeWellness, a cloud-based patient engagement solutions company. Based in Irvine, California, PrescribeWellness facilitates collaboration between more than 10,000 pharmacies with patients, payers, providers and pharmaceutical companies. It provides patient services such as medication home-delivery, appointment scheduling, Medicare plan reviews and more. The acquisition cost Tabula $150 million, roughly 5x PrescribeWellness’ 2018 revenue of $29 million. This acquisition supports its goals to expand medication risk mitigation programs in community pharmacies and provide them with clinical revenue opportunities beyond... Read More »