AbleTo, Inc. Acquires Digital Therapy Platform Joyable
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 »
Tabula Rasa Builds its Patient Engagement Platform
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 »
Providence St. Joseph Health Acquires Blockchain Startup Lumedic
Providence St. Joseph Health (St. Joseph), the not-for-profit California-based healthcare system, has acquired Lumedic, a digital health company. Lumedic applications and analytics solutions streamline revenue cycle management operations for leading health systems using blockchain technology. Blockchain is a secure and reliable method of recording, storing and sharing sensitive data. No financial terms were disclosed. St. Joseph operates hospitals, clinics and medical centers across seven states, and is the first integrated provider-payer system to establish a scalable blockchain platform to transform claims processing and enhance interoperability between providers and payers. St. Joseph... Read More »
Medical Device Makers Upgrade with Digital Health Deals
This week BioTelemetry, Inc. (NASDAQ: BEAT) purchased Geneva Healthcare, Inc. for $45 million, continuing the 2018 trend of medical device companies acquiring digital health groups. BioTelemetry provides cardiac monitoring device manufacturing and monitoring and wanted Geneva’s proprietary cloud-based platform. Its technology aggregates data from device manufacturers’ systems, enabling a company to remotely monitor a patient’s implantable cardiac devices such as pacemakers, defibrillators and loop recorders. Geneva’s platform provides physicians with a single portal to order patient monitoring, view monitoring results and request routine device checks.... Read More »
British Columbia, Home of Digital Health Deals
British Columbia is probably not tops on your list of places that feature health care deals. You’d be right, of course. American states like California, Massachusetts and Texas routinely weigh in with the most transactions per month. January 2019 is different, however, in the digital health sector. Two transactions in the eHealth sector were announced in the first three weeks of the month. One even disclosed a price, which is another surprise. NerdEMR Services Ltd., based in North Vancouver, was acquired by WELL Health Technologies (TSX.V: WELL), formerly known as Wellness Lifestyles Inc. for $2.55 million. WELL owns and operates a portfolio of primary healthcare facilities. On a... Read More »Schedule a demo
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