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IBM Pays $1 Billion to Help Watson ‘See’

by | Aug 10, 2015 8:53 am | eHealth

Last April, IBM (NYSE: IBM) rocked the Big Data world with the announcement that its supercomputer, called Watson, would be the center of its new Watson Health unit. At the same time, it announced the acquisitions of Phytel, a population health platform, and Explorys, a cloud-based healthcare intelligence company, to launch the effort. Last week, Watson got some “eyes,” as IBM announced its third and largest transaction (prices were not disclosed for the previous two). It plans to acquire medical imaging management firm Merge Healthcare Inc. (NASDAQ: MRGE) for $7.13 per share in cash, for a total transaction value of $1 billion. Merge’s technology platforms are used at more than 7,500 U.S.... Read More »

Deal Volume Rose in July

by | Aug 10, 2015 8:52 am | Behavioral Health Care, Biotechnology, eHealth, Home Health & Hospice, Hospitals, Laboratories, MRI & Dialysis, Long-Term Care, Managed Care, Medical Devices, Other Services, Pharmaceuticals, Physician Medical Groups, Rehabilitation

July’s combined transaction total hit 127 deals, up 2% compared with the bang-up month of July 2014, which had 124 transactions. The Services sector had a strong performance, accounting for 60% of deal volume. Long-Term Care made up 27% of the volume overall with 34 announced transactions. That equalled the record set last July for the sector, and will probably break it as more deals come to light. The Managed Care sector posted some extra activity, although seven deals versus two deals the month prior and a year ago isn’t moving  the needle very high. July 2015 DealsShare of Total Services Behavioral Health Care32% Home Health & Hospice23% Hospitals76% Labs, MRI & Dialysis43%... Read More »

Bolder Healthcare Solutions Makes Two Bolt-on Acquisitions

by | Jun 29, 2015 10:10 am | eHealth

You probably haven’t heard of Bolder Healthcare Solutions, the Louisville, Kentucky-based partnership formed by The Edgewater Funds, JZ Capital Partners and BHS CEO, Michael Shea. The company offers a suite of healthcare revenue cycle management (RCM) services to hospitals and physician practices. Last week BHS announced two transactions, for two privately held companies, The ROI Companies and Avectus Healthcare Solutions. ROI Companies also provides healthcare RCM services, while Avectus Healthcare specializes in processing third-party liability claims and accounts for hospitals and trauma centers. Not to be boastful, but its press release states that Avectus “utilizes every resource... Read More »