Sleep Disorders Make for Steady Business
For all the companies and remedies devoted to sleep disorders, it’s a wonder they haven’t been cured by now. The latest deal targeting a company focused on sleep apnea and other conditions was announced last week, on April 11. SleepScore Labs, a medical device company based in Carlsbad, California, acquired the Dutch technology company Sleep.ai for an undisclosed amount. SleepScore Labs was founded in 2016 and is a joint venture between Dr. Mehmet Oz, ResMed (NYSE: RMD) and Pegasus Capital Advisors. It is focused on improving sleep and uses ResMed’s SleepScore technology. ResMed specializes in cloud-connected devices for daily remote patient monitoring, to help treat and... Read More »
Digital Health Deals Are Blooming
The eHealth sector is on a roll, and the momentum seems to be gaining every month. Deal volume in the first quarter of 2018, at 45 announced transactions, was 50% higher than in the fourth quarter of 2017. With only four deals fewer than the same quarter in 2017, the 8% dip in deal volume hardly counts as a sell-off. Deal values, which aren’t a solid measure of growth in mergers and acquisitions, were still impressive. In Q1:18, digital health transactions totalled approximately $3.9 billion, up 96% compared with the same quarter a year earlier. That puts the eHealth sector ahead of the Pharmaceuticals sector, which has endured at least 18 months of slow M&A activity. Pharma’s dollar... Read More »
Cognizant Gets Bolder Healthcare Solutions
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) has dabbled in eHealth acquisitions before. In March, the professional services company was back in the healthcare space targeting Bolder Healthcare Solutions, LLC for $108 million. Bolder Healthcare was formed in 2012 through a co-investment partnership between The Edgewater Funds and JZ Capital Partners, in coordination with senior industry leaders. The company offers a suite of healthcare revenue cycle management services to the Hospital and Physician Medical Group sectors. Since its founding, Bolder Healthcare has grown through acquisition. Two acquisitions in 2015 brought in Avectus Healthcare Solutions, which provides a... Read More »
Inovalon Buys Ability Network for $1.2 Billion
Healthcare IT company Ability Network has been acquired by Inovalon Holdings Inc. (NASDAQ: INOV) for $1.1 billion in cash and $100 million in restricted shares of Inovalon’s Class A stock. Ability Network, a portfolio company of Summit Partners, makes cloud-based programs, which connect healthcare providers and insurers. It is used at over 44,000 acute, post-acute and ambulatory point-of-care provider facilities. It generates approximately $130 million in revenue. Inovalon provides advanced cloud-based data analytics and data-driven intervention platforms to the U.S. healthcare industry. On a trailing 12-month basis, it generated revenue of $449.4 million, EBITDA of $75.9 million and... Read More »Deal of the Week: R1RCM/Intermedix Corporation
R1 RCM Inc. (NASDAQ: RCM), a provider of revenue cycle management services to healthcare providers, announced its acquisition of Intermedix Corporation, a portfolio company of Thomas H. Lee Partners, on February 26. Intermedix is a global leader in data analytics and cloud-based technology that delivers best-in-class revenue cycle management (RCM), practice management and emergency management solutions. It supports more than 500,000 emergency preparedness and response incidents worldwide and enables more than 15,000 health care providers to focus on patient care. The acquisition by R1 RCM includes Intermedix’s healthcare division, which is comprised of its physician and EMS RCM... Read More »Schedule a demo
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