Kovo HealthTech Acquires RCM Provider Healthcare Data Management
Kovo HealthTech announced that its indirect wholly-owned subsidiary, Kovo Acquisitions LLC, has acquired 100% of the assets of Healthcare Data Management (HDM). The aggregate purchase price for the assets totaled $3.3 million. HDM is a Maryland-based medical billing company specializing in asthma and allergy, maternal fetal medicine, orthopedic, radiology, cardiology, internal medicine, family medicine, mental health, endocrinology, neurosurgery, infectious disease, bariatrics and chiropractic revenue cycle management (RCM). HDM generated revenue (reported in accordance with GAAP) of $2.56 million for the annual period commencing August 1, 2023 and ending July 31, 2024 (unaudited),... Read More »
Revelstoke Capital Partners Makes Significant Growth Investment in MediQuant
Revelstoke Capital Partners has announced a significant growth investment in MediQuant, LLC, representing the seventh investment from Revelstoke Capital Partners Fund III. MediQuant provides hospital data active archiving and interoperability solutions for hospitals and health systems. MediQuant’s flagship product, DataArk®, allows health systems to maintain access to relevant clinical, financial and administrative data, ensuring that valuable data required for patient care and compliance is secure and within reach. MediQuant’s platform applications provide an active view of patient records from within existing systems. This allows customers to reduce security risks and costs... Read More »
OneOncology Purchases Cancer Management Platform Navigating Cancer
OneOncology announced its acquisition of Navigating Cancer on September 4, 2024. Navigating Cancer is a comprehensive patient engagement and care management platform. The digital health company is based in Seattle, Washington. OneOncology is a national network of independent community oncologists who assist partner practices in expanding their cancer care services. The company’s 1,000 cancer care providers care for approximately 615,000 patients at more than 339 sites nationwide. In April 2023, OneOncology was acquired by TPG Capital and AmerisourceBergen from General Atlantic. The acquisition has already allowed Navigating Cancer to accelerate technology investments to benefit... Read More »
Durham-Based PatientPay Merges with ClearGage
Durham, North Carolina PatientPay announced that it has closed its merger with Tampa, Florida-based ClearGage. The combined company will continue under the PatientPay name, with PatientPay CEO Tom Furr remaining in his role. ClearGage is a healthcare payment technology company dedicated to making patient responsibility more transparent and affordable for everyone. Founded in 2009 by a team of experts from healthcare, employee benefits and payment processing industries, ClearGage was created to address the growing need for healthcare payment solutions with a consumer-driven experience. ClearGage’s tools provide comprehensive coverage for the entire patient revenue cycle management... Read More »
Notable eHealth M&A Activity of 2024, So Far
The eHealth sector has witnessed a flurry of high-stakes M&A activity in 2024, with billion-dollar deals dominating the headlines. While the overall eHealth deal volume has dipped by 18% compared to the same period last year (155 deals versus 187 announced between January 1, 2023, and August 26, 2023), the sector has still attracted substantial investment, with announced spending reaching more than $17 billion year to date. The recent decline in deal volume follows a peak in 2021 (366 deals), and significant deal activity in 2022 (325 deals) and 2023 (274 deals), reflecting a shift from the rapid expansion during the early pandemic years to a more stabilized and strategically focused... Read More »Schedule a demo
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