Veritas Capital (“Veritas”), a leading private equity investment firm has acquired GE Healthcare's Value-Based Care division for $1.05 billion in cash. GE Healthcare's Value-Based Care Division includes the Enterprise Financial Management (Revenue-Cycle, Centricity Business), Ambulatory Care Management (Centricity Practice Solution) and Workforce Management (formerly API Healthcare) assets. The healthcare technology space has been a key focus area for Veritas Capital, as illustrated by its
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
GSK Acquires Novartis’ Consumer Healthcare Business for $13B
GlaxoSmithKline (GSK) has reached an agreement to acquire Novartis’ consumer healthcare joint venture for $13 billion. The acquisition will enable GSK’s shareholders to capture the full value of GSK’s Consumer Healthcare growth and is well positioned to deliver sales growth, operating margin improvements and attractive returns.Upon terms of the agreement, India remains a priority market for GSK investment and growth. The Consumer Healthcare business will continue to invest in growth
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Accruent Acquires Connectiv, Expands Healthcare Technology Management Leadership
Accruent, a provider of physical resource management solutions, has acquired California-based Connectiv, enhancing Accruent’s ability to meet the needs of clients in healthcare. This marks Accruent’s seventh company acquisition in the past twenty-four months to help clients have control and visibility across asset management solutions. Financial details of the acquisition were not disclosed. Connectiv is a rapidly-growing cloud-based, mobile-enabled software company that allows biomedical and
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Cognizant Acquires Bolder Healthcare Solutions to Expand Revenue Cycle Management Services
Cognizant today announced it has agreed to acquire Bolder Healthcare Solutions, Louisville, KY-based provider of revenue cycle management (RCM) solutions to hospitals, physician practices and other specialist healthcare organizations in the United States. Financial details of the acquisition were not disclosed and is expected to close in the second quarter of 2018.RCM software and processes integrate and automate healthcare administrative and medical data to ensure benefit eligibility and
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Health Insurer Cigna to Acquire Express Scripts for $67 Billion: 5 Things to Know
Cigna Corporation has acquired Express Scripts Holding Company in a cash and stock transaction valued at approximately $67 billion, including Cigna's assumption of approximately $15 billion in Express Scripts debt. The acquisition is expected to be completed by December 31, 2018.“Cigna’s acquisition of Express Scripts brings together two complementary customer-centric services companies, well-positioned to drive greater quality and affordability for customers,” said David M. Cordani, President
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Inovalon to Acquire ABILITY Network for $1.2B to Create Vertically Integrated Cloud-Based Platform
Inovalon, a technology company providing advanced, cloud-based platforms empowering a data-driven transformation from volume-based to value-based models has acquired ABILITY Network (“ABILITY”) for $1.2 billion. The combination of Inovalon and ABILITY creates a vertically integrated cloud-based platform empowering the achievement of real-time, value-based care from payers, manufacturers, and diagnostics all the way to the patient’s point of care.ABILITY is a leading cloud-based
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HIMSS Acquires Health Innovation Consulting Provider Healthbox
HIMSS has announced the acquisition of Healthbox, a Chicago-based healthcare innovation consulting firm and venture capital investment manager. For HIMSS, the acquisition of Healthbox adds health innovation consulting and fund management to its broader portfolio.Under terms of the agreement, Healthbox will continue to operate as a wholly-owned subsidiary of HIMSS. Financial details of the acquisition were not disclosed.Healthbox has evolved from a healthcare accelerator to an innovation
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R1 Acquires Intermedix Corporation for $460M to Expand End-to-End RCM
R1 RCM Inc., a provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced a definitive agreement to acquire Intermedix Corp (Intermedix), including its healthcare division comprised of its physician and EMS RCM, practice management and analytics businesses, in a transaction valued at approximately $460 million.Intermedix provides revenue cycle management, practice management and data analytics services to more than 15,000 individual
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Roche Acquires Oncology EHR Startup Flatiron Health for $1.9B
Roche has reached an agreement to acquire Flatiron Health, a NYC-based oncology EHR startup focused on accelerating cancer research and improving patient care for $1.9B. Under terms of the acquisition, Flatiron Health will continue its current business model, network of partnerships and overall objectives. The integrity of segregated patient protected health information will be preserved, as will dedicated sales and marketing, provider-facing and life science business activities. In addition,
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Fitbit Acquires Health Coaching Platform Twine Health
Fitbit, today announced it has acquired Twine Health, a HIPAA-compliant health coaching platform that delivers a user-friendly experience to help people manage chronic conditions, such as diabetes and hypertension, and to support lifestyle interventions, such as weight loss and smoking cessation.Twine Health’s proven coaching platform is a strong foundation upon which Fitbit plans to expand its offerings to self-insured employers, health plans and health systems. Through the acquisition, Fitbit
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