What You Should Know: - Carenet Health, a leading provider of 24/7 and on-demand patient engagement solutions, today announced it has acquired Stericycle Communication Solutions, an industry leader in patient engagement technology and solutions and a service of Stericycle, Inc. The companies’ combined capabilities create the industry’s most comprehensive patient experience platform. - This acquisition emphasizes Carenet’s commitment to providing better healthcare for all, as the combined
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
M&A: NextGen Healthcare to Acquire TSI Healthcare for $68M
What You Should Know: - NextGen Healthcare today announced it has signed a definitive agreement to acquire TSI Healthcare, a privately held value-added reseller located in Chapel Hill, NC. The acquisition will expand NextGen’s presence in specialties including rheumatology, pulmonology and cardiology. - TSI Healthcare® is a national leader in the sales and support of customized NextGen® Practice Management and Electronic Health Record software. TSI Healthcare delivers innovative,
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DirectTrust and EHNAC Announce Merger Agreement
What You Should Know: - DirectTrust and the Electronic Healthcare Network Accreditation Commission (EHNAC) today announced an agreement to merge EHNAC with and into DirectTrust, effective January 4, 2023. - DirectTrust is a non-profit healthcare industry alliance created to support secure, identity-verified electronic exchanges of protected health information. EHNAC is a non-profit standards development organization and accrediting body for organizations that electronically
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Wheel Acquires GoodRx Care Backend Tech for $19.5M
What You Should Know: - Virtual care company Wheel acquires GoodRx Care’s backend virtual care technology, including its clinician-centric EMR, powerful clinical management tools, and flexible patient experience software for $19.5M in cash. - As part of the acquisition, Wheel will integrate GoodRx Care’s underlying technology to expand its existing virtual care platform capabilities and GoodRx will continue to own the consumer-facing GoodRx Care website and mobile app. GoodRx will continue
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Zelis Acquires Healthcare Payment Reimbursement Solutions Payspan
What You Should Know: - Zelis, a company modernizing the business of healthcare, announced today the completion of its acquisition of Payspan, a leader in healthcare electronic payment and reimbursement automation services. Financial terms of the transaction were not disclosed. - The acquisition will accelerate Zelis' mission to modernize the business of healthcare through a connected platform and expansion of offerings for healthcare insurers, providers, and their members. Improving
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CitiusTech Acquires Wilco Source to Expand Salesforce Capabilities for Healthcare & Life Sciences
What You Should Know: - CitiusTech announced that it has acquired Wilco Source, an industry-leading Salesforce solutions company to expand its offerings in patient services, care management and digital front door. - This strategic acquisition comes on the heels of Bain’s recently announced investment in CitiusTech valued above $1B. These strategic initiatives validate both CitiusTech’s track record of success and CEO Bhaskar Sambasivan ‘s strategic
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Rock Health Reveals 4 2022 Digital Health M&A Trends to Watch
What You Should Know: - The choppy waters of this year’s market have forced a significant slowdown in digital health investment, but buyers and builders alike are seizing the moment to consider mergers and acquisitions (M&A) as strategic opportunities. - In their latest report, Rock Health explores the sell-side and buy-side dynamics that are making conditions ripe for M&A activity and dig into four M&A approaches being pursued by acquirers in this market moment. Key
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Walgreens-Backed VillageMD to Acquire Summit Health for $9B
What You Should Know: Primary care provider, VillageMD has entered a definitive agreement to acquire Summit Health-CityMD, a provider of primary, specialty and urgent care in a blockbuster M&A deal valued at $8.9 billion with investments from Walgreens Boots Alliance (WBA). The combined company will create a multi-payor platform to deliver quality, affordable care for all patients and will enhance WBA’s robust portfolio of leading, integrated healthcare offerings across the care
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M&A: Smile Digital Health Acquires Alphora
What You Should Know: - Smile Digital Health, a FHIR® health data fabric and exchange solutions provider, announced that it has acquired Alphora, a market leader in Clinical Quality Language (CQL) that provides tooling and services to unlock clinical reasoning, decision support and other quality metrics capabilities. - As a result of the acquisition, Smile Digital Health customers now have access to Smile Alphora, the company's new clinical reasoning capability that leverages its Fast
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Color Acquires Mood Lifters, Launches Behavioral Health Product
What You Should Know: - Color Health acquires Mood Lifters, a leading group-based mental health company and launches a new behavioral health product. The new solution will expand access to mental healthcare for organizations tackling public and population health. - Mood Lifters uses an evidence-based treatment paradigm developed by Dr. Patricia Deldin and Dr. Cecilia Votta at the University of Michigan. Crucially, groups are led by participants who have
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