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Cardinal Health Sells Majority Stake in NaviHealth
Cardinal Health (NYSE: CAH) does a lot of business with private equity firms, but usually as an acquirer, not a seller. In August 2015, Cardinal acquired NaviHealth from Welsh, Carson, Anderson & Stowe for $290 million. In June 2018, it sold a 55% stake in NaviHealth to Clayton, Dublier & Rice for an undisclosed amount. Cardinal’s initial stake was just 71% in 2015, but it added another 17% share in 2017 for $103 million. It will retain an approximately 45% interest in the company, and will have a call right to reacquire the business. The company said it would realize proceeds of $650 million after tax. Back in 2015, NaviHealth offered software and analytics products to help... Read More »
ResMed Adds HealthCareFirst to Home Health Solutions
Medical device maker ResMed (NYSE: RMD) is moving deeper into the Home Health & Hospice arena. The company announced its acquisition of HealthCareFirst, which provides software solutions for home health and hospice agencies. HealthCareFirst offers electronic health record (EHR) software, billing and coding services, and advanced analytics to help agencies optimize their clinical, financial and administrative processes. Financial terms were not disclosed. Pamlico Capital is the seller, having acquired HealthCareFirst in September 2012 from The Riverside Company. ResMed’s devices and software solutions help to treat and manage sleep apnea, chronic obstructive pulmonary disease... Read More »
SCIO Health Analytics Sold for $240 Million
ExlService Holdings, Inc. (NASDAQ: EXLS), a leading operations management and analytics company, deepened its investment in healthcare analytics with its announced $240 million acquisition of SCIOInspire Holdings, Inc. (SCIO), a West Hartford, Connecticut-based leading healthcare analytics solution and services company (dba SCIO Health Analytics). SCIO helps its clients identify and resolve underlying issues that lead to excessive spending and sub-optimal health outcomes. Together, the companies will provide a broader range of solutions in payment integrity, care management and customer engagement. TripleTree, LLC acted as the exclusive financial advisor to SCIO for this... Read More »
SwipeSense Acquires iScrub Lite
Just in time for World Hand Hygiene Day (Saturday, May 5, 2018), SwipeSense announced its acquisition of iScrub Lite, the leading mobile application for hand hygiene observation. Yes, that’s real thing. iScrub Lite was conceive and developed by the Computational Epidemiology Research Group at the University of Iowa. It was launched to simplify the error-prone process of recording hand hygiene observations and sharing the results with healthcare professionals. Dr. Philip Polgreen, associate professor of internal medicine and epidemiology at the University of Iowa, said his team created iScrub to serve the infection control community. “However, the costs of updating the service have... Read More »
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 »Schedule a demo
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