athenahealth, Inc., today announced private equity firms Veritas Capital and Evergreen, the private equity subsidiary of Elliott Management will acquire athenahealth for approximately $5.7 billion in cash ($135 per share). The acquisition comes months after Elliot Management made an unsolicited bid to acquire the company for $6.5B.Financial DetailsUnder the terms of the agreement, athenahealth shareholders will receive $135 in cash per share. The per share purchase price represents a premium of
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Force Therapeutics Raises $21M to Scale Episode-based Digital Care Delivery
Force Therapeutics, a New York-based provider of episode-based digital care delivery, today announced it has raised $21 million funding led by Insight Venture Partners. The funding will fuel Force's rapid product innovation, national expansion across major health systems, and client growth. Force is currently deployed in 60 facilities around the country and powers digital care management at leading health systems, including Geisinger, NYU Langone, Northwell Health, University Hospitals of
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VA Taps VisualDx to Improve Diagnostic Accuracy in Skin-Related Conditions
The U.S. Department of Veterans Affairs (VA) is expanding its partnership with diagnostic clinical decision support tool VisualDx to improve diagnostic accuracy in skin-related conditions. The one-year license agreement license will give clinical staff in more than 1,200 of the VA’s healthcare facilities nationwide access to VisualDx’s add-on feature, DermExpertDermExpert AI OverviewToday, more than 65 percent of skin complaints are seen by non-dermatologists, and 15 percent of all primary care
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BREAKING: GetWellNetwork Acquires Patient Engagement Startup HealthLoop
GetWellNetwork, a precision engagement healthcare company has acquired automated patient engagement startup HealthLoop. The acquisition will help expand GetWellNetwork’s reach into nearly 700 health care providers, placing it at the forefront of the changing healthcare landscape and at the heart of the patient journey. From inpatient to outpatient, to physician practices and urgent care clinics, to patients on the go, GetWellNetwork offers the only cross-continuum platform that performs across
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3 Strategic Insider Tips to Follow When Selling Your Digital Health Startup
Growing your digital health company to the point of acquisition can be exciting, but do you know the right steps to strategically close the deal? CarePort Health’s Marc Camm explains.Stand around any drawing board long enough and you’ll hear a familiar question regardless of the innovation: how do we scale this? Startup growth, especially in digital health, is challenging—some will seek acquisition—some will take the bootstrap route—and most will fail regardless. Still, there is room to succeed.
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Telhealth Startup Medici Acquires HIPAA-Secure Messaging App DockMD
Medici, an Austin, TX-based global HIPAA-compliant mobile app with secure text, voice and video messaging and allows doctors to provide virtual healthcare to patients, today announced its acquisition of HIPAA-secure messaging company DocbookMD. DocbookMD’s secure healthcare messaging app features real-time alerts to streamline communication, accelerate workflows and enhance team collaboration. For Medici, the acquisition will offer doctors and other healthcare providers access to a broad range
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Oncology Analytics Raises $21M to Provide Health Plans With Evidence-Based Analytics for Utilization Management
Oncology Analytics, an Atlanta-based digital health startup that provides health plans, providers and patients with an evidence-based, analytics focused approach to utilization management for oncology, today announced it has raised $21 million in Series B funding. The Series B round was led by Oak HC/FT and was joined by new investor McKesson Ventures along with returning investors Blue Cross Blue Shield Venture Partners and Sandbox Advantage Fund. The startup plans to use the capital to expand
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Visla Labs Raises $3M for AI Medical Diagnostics Platform for Radiology
Visla Labs, a San Francisco, CA-based AI medical diagnostics platform for radiology has raised $3M in seed funding led by Lux Capital with participation from former Twitter CEO and COO Dick Costolo and Adam Bain, as well as prominent healthcare experts and advisors. Founded in 2018 by serial entrepreneurs Kevin Quennesson, Wei-En Tan and Alessandro Sabatelli, Visla is collaborating with major hospitals, industry veterans, and award-winning physicians to re-invent the imaging experience with
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IntelyCare Nabs $10.8M to Expand On-Demand Nurse Staffing Management Platform
IntelyCare raises $10.8M to cure nationwide nursing shortage with Intelligent Workforce Management to streamline administration and improve care.Solving the nursing shortage that’s expected to reach 1.2 million RN vacancies by 2022 (according to the Bureau of Labor Statistics) will take a multi-faceted approach. Part of the solution will be better allocating nursing professionals in a way that considers the needs of both nurses and local facilities. IntelyCare, a digital health startup announced
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1DROP Raises $4.25M to Support Commercialization of Portable Medical Diagnostics Platform
1DROP, a life sciences startup developing and commercializing an easy to use laboratory quality, portable medical diagnostic testing platform has raised $4.25 million in Series A funding led by led by Christian Wildmoser (former partner CVC Capital Partners & Swiss Startup Group Investor). The round also included participation from private investors of the Swiss Startup Group including Dr. Hans-Peter Strebel (owner of On Your Marks), Beat Schillig (IFJ Institute for Young Entrepreneurs) and
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