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EMR Software Provider Acquired by WELL Health

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 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

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 »
AMN Healthcare Services Acquires Staffing Firm

AMN Healthcare Services Acquires Staffing Firm

AMN Healthcare Services, Inc. (NYSE: AHS), a healthcare solutions and staffing services company, has acquired Advanced Medical Personnel Services, Inc. for $200 million. Advanced Medical Personnel specializes in placing therapists and nurses in contract positions across multiple settings including hospitals, schools, clinics, skilled nursing facilities, and home health. AMN purchased Advanced Medical for the company’s recently launched telehealth platform for delivery of speech therapy to children in large school districts across the country. Another telehealth company changed hands in early April, as Advantia Health, a physician medical group, acquired Pacify, a telehealth company.... Read More »
Advantia Health Jumps into Digital Health

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

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 »