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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

R1 Acquires Revenue Cycle Company Cloudmed for $4.1B

by Fred Pennic 01/10/2022 Leave a Comment

R1 Acquires Revenue Cycle Company Cloudmed for $4.1B

What You Should Know: - R1, a leading provider of technology-driven solutions that reduce friction in healthcare, has just acquired CloudMed, a leader in Revenue Intelligence™ for healthcare providers in a $4.1B cash deal. - Upon closing of the transaction, current R1 shareholders will own approximately 70% of the combined company on a fully diluted basis and Cloudmed equity holders will own approximately 30%. Cloudmed equity holders will enter into an 18-month lockup agreement, subject to
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J&J Medical Devices Partner with Microsoft to Expand Digital Surgery Solutions

by Fred Pennic 01/10/2022 Leave a Comment

J&J Medical Devices Partner with Microsoft to Expand Digital Surgery Solutions

What You Should Know: Johnson & Johnson Medical Devices Companies (JJMDC) announced a strategic partnership with Microsoft to further enable our digital surgery solutions.  The Johnson & Johnson Medical Devices Companies (JJMDC) today announced that it will collaborate with Microsoft to further enable and expand JJMDC’s secure and compliant digital surgery ecosystem. The Microsoft Cloud will help JJMDC realize its vision of
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Nomi Health Acquires Benefits Analytics Platform Artemis Health for $200M

by Fred Pennic 01/07/2022 Leave a Comment

Nomi Health Acquires Benefits Analytics Platform Artemis Health for $200M

What You Should Know: Nomi Health, a direct healthcare provider, announced its acquisition of healthcare analytics provider Artemis Health -- the partner of choice for more than 500 U.S. employers and benefits advisors to make health benefits higher quality and more affordable using data. - The acquisition gives Nomi Health customers actionable, data-driven insights to materially lower costs and improve the quality of care they deliver to their communities. The acquisition will also
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Little Otter Raises $22M to Expand Pediatric Mental Health Platform

by Fred Pennic 01/06/2022 Leave a Comment

Little Otter Raises $22M to Expand Pediatric Mental Health Platform

What You Should Know: - Little Otter today announced a $22 million Series A raise - one of the largest rounds for a children’s mental health company at this stage - led by CRV. - The mental health startup provides a full umbrella of services to children and their families in a number of states and will use the investment to scale nationally by 2023. Little Otter, a San Francisco, CA-based digital mental health company to provide tools and treatment for both children and their
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PointClickCare & Sound Physicians Partner to Drive Fully Integrated Virtual Health

by Fred Pennic 01/06/2022 Leave a Comment

PointClickCare & Sound Physicians Partner to Drive Fully Integrated Virtual Health

What You Should Know: - PointClickCare, a cloud-based healthcare software for the long-term and post-acute care (LTPAC) market) announced a new partnership with Sound Physicians, a national physician partner to hospitals, post-acute providers, physicians' groups and payers to offer a fully integrated virtual health solution to U.S. LTPAC providers.   - The partnership between PointClickCare and Sound Physicians will deliver
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Protai Nabs $8M for AI-Powered Drug Discovery Platform

by Fred Pennic 01/05/2022 Leave a Comment

Protai Nabs $8M for AI-Powered Drug Discovery Platform

What You Should Know: - Protai, a Tel Aviv, Israel-based AI-powered drug discovery startup, today announced its emergence from stealth, along with an $8 million seed financing round co-led by Grove Ventures and Pitango HealthTech. - Protai empowers drug discovery with proteomics and artificial intelligence to unlock new layers of biological insights and to combat complex diseases. Proteomics-based Platform for Faster and More Accurate Drug Discovery Despite the significant
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Carenet Health Acquires Provider Scheduling Platform OpenMed

by Fred Pennic 01/04/2022 Leave a Comment

Carenet Health Acquires Provider Scheduling Platform OpenMed

What You Should Know: - Carenet Health – a provider of 24/7 healthcare engagement and on-demand telehealth solutions—announced today that they have acquired OpenMed, a digital innovator in closing care gaps, enabling access to care and supporting real-time collaboration between healthcare payers/risk-bearing entities (RBOs) and providers. - The acquisition will add a state-of-the-art communications and scheduling
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symplr Acquires Midas Health Analytics Solutions for $340M

by Fred Pennic 01/04/2022 Leave a Comment

symplr Acquires Conduent’s Midas Health Analytics Solutions Division for $340M

What You Should Know: - symplr, a global leader in enterprise healthcare operations including governance, risk management, and compliance (“GRC”) SaaS solutions announced it has agreed to acquire Midas Health Analytics Solutions (“Midas”) from Conduent Incorporated for $340M. The transaction is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions and regulatory approvals.   - The acquisition
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Aetion Acquires Synthetic Data Platform Replica Analytics

by Fred Pennic 01/04/2022 Leave a Comment

Aetion Acquires Synthetic Data Platform Replica Analytics

What You Should Know: - Aetion, a real-world evidence (RWE) tech platform, has just announced its acquisition of Replica Analytics, a pioneer in using ML to generate synthetic data. Financial details of the acquisition were not disclosed. - This acquisition allows Aetion to solve for one of the toughest problems in RWE: access to fit-for-purpose data. Synthetic data acts as a “digital clone” of real-world data by maintaining the source data’s statistical properties, while also protecting
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CareMetx Acquires Patient Adherence Platform Human Care Systems

by Fred Pennic 01/03/2022 Leave a Comment

CareMetx Acquires Patient Adherence Platform Human Care Systems

What You Should Know: - Strategic acquisition of leading patient adherence technology and services provider to complement CareMetx current suite of patient access products. CareMetx, LLC, a leading technology-enabled hub services company focused on improving patient access to specialty medications, announced today the acquisition of Human Care Systems, Inc. (HCS), a company focused on helping patients adhere to and benefit from pharmaceutical and biotechnology products. Details of the
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