- From Google's acquisition of Fitbit to Philips acquisition of Carestream Health's health IT business, here is a look at some of the biggest health IT/digital health mergers & acquisitions in 2019 by each quarter.
Q1 M&A Activity
Johnson & Johnson Acquires Auris Health for $3.4B to Expand Digital Surgery Portfolio
Johnson & Johnson acquiresAuris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately-held developer of
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Clinical Trials | News, Analysis, Insights - HIT Consultant
Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem to Accelerate Biomarker Discovery
- Paige raises $45M in Series B funding led by Healthcare Venture Partners with participation from Breyer Capital, Kenan Turnacioglu, and others. - The funding will be used to accelerate commercial efforts of its AI-native digital pathology ecosystem in the U.S., Europe, Brazil, and Canada. Paige, a NYC-based leader in computational pathology transforming the diagnosis and treatment of cancer, today announced it has closed its Series B funding round of $45 million, bringing the Company’s
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VirTrial Acquires Virtual Care Management Platform SnapMD
- VirTrial acquires SnapMD, a Los Angeles, CA-based full-service enterprise telehealth technology innovator, and solutions provider.- The acquisition supports VirTrial’s goal of making hybrid decentralized clinical trials seamless for sponsors, sites, and patients. - Financial details of the acquisition were not disclosed.VirTrial, a portfolio company of Kinderhook Industries, LLC, announced today the acquisition of SnapMD, an LA-based provider of telemedicine tools and services that improve
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CVS Health Launches Transform Oncology Care Program, Partners with Tempus
- CVS Health launches Transform Oncology Care, which includes a comprehensive, first-of-its-kind precision medicine approach to oncology management for payors in collaboration with Tempus.- Transform Oncology Care includes an innovative precision medicine strategy that increases access to broad-panel gene sequencing tests for patients diagnosed with certain advanced-stage cancers. - The program also uses CVS’ local footprint and unique assets to improve patient outcomes and lower costs every
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Corrona Acquires Patient Experience Company HealthiVibe
- Corrona acquires patient experience company HealthiVibe to further expand its presence in the patient experience marketplace. - HealthiVibe uses a systematic, evidence-based process to help pharmaceutical clients spearhead patient engagement initiatives at every stage of the product lifecycle.Corrona, LLC, a provider of real-world observational and syndicated registry data, announced today that it has acquired HealthiVibe, LLC, an Arlington, VA-based patient experience company. Financial
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Unlike Theranos: FDA Clears Sight Diagnostics’ Finger-Prick Blood Test for U.S. Market
- Sight Diagnostics, the company working to provide patients with lab-grade blood testing results in minutes, has received US FDA 510(k) clearance for its finger-prick blood test, OLO analyzer to be used in laboratories run by diagnostic providers and hospitals.
- Sight Diagnostics’ patented OLO analyzer digitizes blood into images to perform the most common blood test in minutes, from just two drops of blood
- The FDA clearance follows clinical trials at Boston Children’s Hospital,
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Analysis: November 2019 Health IT M&A Activity, Public Company Performance
– Healthcare Growth Partners' (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of November 2019We did a doubletake when we noticed all of the HGP healthcare indices climbed approximately 10% during the month of November. Year-to-date, the S&P 500 is up over 25% and the HGP healthcare indices are all hovering in that range. In the two month period since September, when talk of universal healthcare reached
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SubjectWell, Human API Partner to Provide Free Patient Medical Record Retrieval
- Risk-free clinical trial marketplace, SubjectWell partners with data-sharing platform Human API to provide free record retrieval to clinical trial sites and sponsors. - The risk-free clinical trials marketplace will use Human API’s platform to simplify patient-approved health data collection and speed up the randomization process.SubjectWell, the risk-free clinical trial marketplace has partnered with data-sharing platform Human API to provide free medical record retrieval to clinical trial
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Deloitte, Amazon Web Services Partner to Create New Health Ecosystems Through Data
- Deloitte is now working with Amazon Web Services (AWS) and its new cloud-based service AWS Data Exchange to help organizations quickly and easily find, access and share data from other institutions securely.- Deloitte and AWS Data Exchange together will help organizations and researchers uncover the value created from the vast amounts of data generated throughout the healthcare ecosystem. Most of this data has been inaccessible – and if it is accessible, it’s difficult to find and obtain. -
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Baystate Health’s Innovation Arm, Life Image Partner on AI Initiative for Cancer Research & Treatment
- Baystate Health selects Life Image to leverage artificial intelligence (AI) to advance cancer research and increase treatment access. - Life Image will work with Baystate’s innovation arm, TechSpring, to develop and evaluate AI solutions to improve treatment decisions and clinical trial matching for cancer patients.Baystate Health, a Boston-based integrated health system serving more than 800,000 patients in western New England, today announced a strategic partnership with Life Image, the
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