The Transcripts: Takeaways from CVS, Teladoc, and DaVita Earnings
In our first earnings roundup, we looked at the fourth-quarter and full-year 2022 financial performance of three major publicly traded companies in the managed care market. They achieved positive operating and financial results for 2022, with some even surpassing their expectations for the year. To read more about earnings results in the managed care market, you can read that spotlight on the LevinPro HC platform here. This week, we’re looking at companies in other healthcare verticals, including retail, dialysis and eHealth. CVS Health Corporation, Teladoc Health, Inc. and DaVita Inc are all prominent in their respective fields, and their financial performance can reveal much about the... Read More »
Clarapath Acquires Medical AI Software Company Crosscope
Clarapath announced on February 27 its acquisition of Mountain View, California-based Crosscope. The acquisition combines Clarapath’s SectionStar with Crosscope’s workflow and computational pathology tools enabling labs to deliver care faster, more cost effectively and at a higher quality. Terms of the deal were not disclosed. Crosscope (abbreviated for “Computational Microscope”) is a digital pathology company with a turnkey imaging solution providing best-in-class workflow tools and slide management along with artificial intelligence and machine learning technology to assist pathologists with faster decision-making. Clarapath is a medical robotics company aimed at... Read More »
Modular Devices Partners With Interim Diagnostic Imaging
Modular Devices, a portfolio company of private equity firm O2 Investment Partners, announced on February 16 that it has partnered with Interim Diagnostic Imaging. The addition of Interim Diagnostic Imaging significantly increases Modular Devices’ fleet while providing diversification and improving product offerings. The combined company will offer customers a full range of medical imaging labs including catheterization, cleanroom, PET/CT, MRI and CT. Terms of the deal were not disclosed. Interim Diagnostic Imaging is a provider of mobile CT and MRI medical imaging labs in the U.S. and Canada. The company was founded in 2003 and is headquartered in Plymouth, Minnesota. Founded in 1987,... Read More »
Avantik Partners With Water Street, Appoints New CEO
Pine Brook, New Jersey-based Avantik has announced a partnership with strategic healthcare investor Water Street Healthcare Partners. Water Street has committed significant capital in addition to its diagnostics experience and network of relationships to advance the next phase of Avantik’s expansion. Working with Water Street, Avantik plans to invest in organic initiatives and acquisitions to expand its portfolio of consumables and equipment and enhance its maintenance and repair services. Avantik and Water Street have appointed Mark Zacur, executive advisor at Water Street, as CEO of Avantik. Terms of the deal were not disclosed. Founded in 1971, Avantik supports anatomic pathology... Read More »
Venture Capital Firm CerraCap Ventures Acquires Predicta Med
CerraCap Ventures announced on February 10 an investment in Predicta Med. Terms of the deal were not disclosed. Headquartered in Tel Aviv, Israel, Predicta Med is an AI-based digital health company in the field of predictive analytics. The company helps medical clinics and institutions identify immune-related diseases. CerraCap Ventures is a Costa Mesa, California-based venture capital firm dedicated to early-stage technology investments in enterprise B2B solutions, including cybersecurity and health care. According to data captured in the LevinPro HC database, this acquisition represents the 16th Laboratories, MRI and Dialysis transaction of 2023 and the ninth in the diagnostics... Read More »Schedule a demo
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