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Teva Acquires Respiratory Care Software Platform
Teva Pharmaceutical (NYSE: TEVA) has had a busy year, making four divestitures and four acquisitions. Last week it tipped the balance in favor of acquisitions, with the purchase of privately held Gecko Health Solutions in Cambridge, Massachusetts. Gecko’s CareTRx™ platform is a novel cloud-based solution designed to simplify chronic respiratory disease management, connecting patients and caregivers through remote monitoring and real-time adherence tools. Teva hopes to apply the CareTRx technology to its pipeline and portfolio of respiratory products. Read More »Telehealth Attracts Big Players
At every healthcare deal making conference we attend, some speaker or moderator inevitably declares, “Telehealth is the wave of the future.” Those observations are coming true, based on the deals we’ve seen in 2015. Last week, Cox Communications, the broadband/cable giant from Georgia, added Trapollo LLC, a privately held nationwide telehealth and remote monitoring company to its growing arsenal of telehealth companies under Vivre Health umbrella. Cox teamed up with Cleveland Clinic earlier this year to form Vivre Health, and invested in HealthSpot, a telehealth technology company that also added Xerox (NYSE: XRX) as an investor last November. Trapollo is wholly owned by Cox, which is... Read More »Cardinal Health Buys NaviHealth
Rumors surfaced last week that Nashville-based NaviHealth, a portfolio company of Welsh, Carson, Anderson & Stowe, was about to be acquired by Cardinal Health (NYSE: CAH). Our friend in Nashville, Milt Capps, published the story on his Venture Nashville Connections blog on August 24. Sure enough, the story was verified on August 25 when Cardinal issued a FAQ statement about the $290 million deal. What does a medical products distributor like Cardinal see in a post-acute care coordinator like NaviHealth? Quite a lot, since its sweet spot is managing bundled payments in the post-acute continuum of care. The acquisition of even 71% of NaviHealth gives Cardinal Health scale and the... Read More »Premier, Inc. Makes Two eHealth Deals
August is a busy month for Premier, Inc. (NASDAQ: PINC), which bills itself as a healthcare improvement company, with an alliance of 3,400 hospitals and 110,000 other providers. In the first two weeks of August 2015, the company has announced two acquisitions totaling $465 million. The first deal, for CECity, Inc. was announced on August 4 ($400 million); the second, for Healthcare Insights, LLC, was announced on August 12 ($65 million). The former company specializes in performance improvement, while the latter provides financial management systems to hospitals and healthcare systems. In August 2014, Premier acquired TheraDoc, a clinical informatics company, from Hospira (NYSE: HSP) for... Read More »Digital Health Care M&A
Mergers and acquisitions in the digital health category have gone through boom times and relative obscurity since the Great Recession. Companies offering revenue cycle management have always been popular targets, while data analytics and population health management companies have more to prove when it comes to ROI. With IBM (NYSE: IBM) making a splash this year with three announced acquisitions and $1 billion in spending publicly disclosed, this category is seeing more action. Through mid-August, we’ve recorded 72 transactions for eHealth companies, and $2.5 billion spent so far. Looking at the chart below, this sector is on track for another busy year. Digital Health Care Deals, 2010 to... Read More »Schedule a demo
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