Best Buy Dives Deeper into Seniors Healthcare Services
Best Buy Co. (NYSE: BBY) has doubled down on its commitment to the senior home-care market. In August 2018, the consumer electronics retail giant announced its acquisition of GreatCall, Inc. for $800 million. GreatCall’s product offering includes senior-friendly hardware combined with one-touch connectivity to trained agents who can answer questions, dispatch emergency personnel, connect to family caregivers and provide additional concierge services. Best Buy is already familiar with consumer-help services, beginning with its technology-focused Geek Squad and In-Home Advisors, and its national distribution system helped to scale GreatCall’s consumer monitoring devices and... Read More »
Private Equity Stays Active in Health Care
Nearly halfway into 2019, and PE firms are showing no signs of slowing as they swarm the healthcare industry. So far this year, there have been 71 deals with a private equity firm as the buyer, or roughly 11% of the total deals announced. That’s roughly the same amount as in the same period in 2018. In late May, Golden Gate Capital announced it purchased Ensemble Health Partners for a reported $1.2 billion from Bon Secours Mercy Health. The target company provides outsourced revenue cycle management (RCM) and operation solutions to hospitals across the country. It has more than 3,600 employees and partners with more than 60 hospitals in 30 states. Bon Secours bought the company in... Read More »
EMR Software Provider Acquired by WELL Health
Slowly but surely, WELL Health Technologies Corp. (TSX.V: WELL) is building its own digital health platform. The Canadian healthcare operator announced it acquired OSCARprn for $876,000. Financial details include $619,500 upfront and $256,500 via 373,906 shares in the capital of WELL at a price of approximately $0.69 per share. The target company provides electronic medical record (EMR) software services compatible with Oscar, an open source EMR platform that handles patient records, scheduling, prescription management, and billing. OSCARprn partners with approximately 71 medical clinics in British Columbia, approximately 820 practitioners, and over 800,000 unique patients. This eHealth... Read More »
Health Carousel Taps into AI
Health Carousel, a healthcare staffing firm with over 1,000 workers under contract, has acquired the digital health platform Lucidity. The target’s technology platform connects physicians seeking part-time or temporary work directly with medical practices looking to fill open shifts, while also using artificial intelligence (AI) technology to help providers and medical practices make better staffing decisions. Lucidity had previously raised funding from Sustineo Ventures. Financial terms were not disclosed. Lucidity will continue to operate as a standalone company under its own brand after the transaction. The business will join the Health Carousel Locums Network (HCLN) as part of... Read More »
Telehealth: Answering the Call
If you’ve attended any healthcare deal-making conference in the last few years, you’ve heard that telehealth is one of the hottest target sectors going, right up there with autism services and physician practices (dermatologists, ophthalmologists, dentists, you name it). It’s caught in something of a perfect storm at the moment, as more states and regions implement laws to facilitate telehealth services. On the federal level, the Centers for Medicare and Medicaid Services on April 5, 2019 finalized policies that increase plan choices and benefits, including allowing Medicare Advantage plans to include additional telehealth benefits. Private health insurers have been offering telehealth... Read More »Schedule a demo
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