Advantia Health Jumps into Digital Health
Advantia Health, a physician medical group focused on women’s health, has acquired telehealth company Pacify. The target developed an app that offers virtual perinatal care for new and expectant mothers. It connects them with consultants and registered nurses to complement in-person visits with OB-GYNs, pediatricians and other physicians. The financial terms of the were not disclosed, but it’s easy to see why Advantia acquired the digital health company. Pacify’s app connects patients with consultants and registered nurses to complement in-person visits with OB-GYNs, pediatricians, and other physicians. This deal combines Advantia’s physical physician practices and... Read More »
PE Firms Growing Influence in eHealth
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
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” 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
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 »Schedule a demo
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