Magellan Health, Inc., a provider of complex care and special population management, announced that it has entered into an agreement to acquire Armed Forces Services Corporation (AFSC) for $117.5M. The acquisition will enhance Magellan’s existing footprint in special population management within the military and veteran communities, as well as other federal agencies. Headquartered in Arlington, Va. AFSC has extensive experience providing and managing behavioral health and specialty services to
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
M&A Expert Talks 4 Trends Emerging from the Health IT M&A Market
As Managing Director of SC&H Capital, an investment banking and advisory firm, Chris Helmrath knows M&A opportunities when he sees them. And in today’s HIT M&A market, he sees a rapid shift from mega mergers to middle-market acquisitions.In our interview, Chris—a 30-year veteran of buy- and sell-side healthcare transactions—discusses four key trends emerging from the evolving health IT M&A market, as well as what they mean for consultants and their clients. Trend No. 1. A More
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Private Equity Firm Acquires Urgent Care EMR DocuTap
DocuTAP, a provider of EMR / EHR software, practice management systems, and revenue cycle services for urgent care clinics has been acquired by private equity firm Warburg Pincus. Founded in 2000 by CEO Eric McDonald, DocuTap's EMR and practice management solution serves more than 1,300 urgent care and primary care clinics and has added 350 urgent care clinics to its network in the last year alone. Financial terms of the deal were not disclosed.
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IMS Health, Quintiles to Merge in $9B Deal: 10 Things To Know
Healthcare technology provider IMS Health Holdings announced it will merge with biopharma research contract provider Quintiles Transnational Holding in a deal valued at $9 billion. The merged company will be named Quintiles IMS Holdings, Inc. to become an industry-leading information and technology-enabled healthcare service provider. Here are ten key things to know about the $9B merger: 1.Based on equity market capitalization, the combined company is valued at more than $17.6 billion with an
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Press Ganey Acquires Patient Experience Firm Avatar
Patient experience firm Press Ganey Holdings today announced the acquisition of Avatar International Holding Company and its subsidiary Avatar International LLC, a patient experience and employee engagement company. As part of the acquisition, Press Ganey will add Avatar’s clients to its existing patient experience and caregiver engagement client base.According to the press release, the transaction, which closed on May 2, 2016, is expected to contribute revenue of $6 to $7 million in 2016 and
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MedData Acquires Duet Health: 6 Things to Know
MedData, a provider of patient-focused revenue cycle management services has acquired Columbus, Ohio-based patient engagement company Duet Health.Founded in 2009, Duet provides multi-platform software products that empower hospitals, health systems, and providers to better communicate and engage with their patient populations. The robust Patient Intelligence Center provides real-time monitoring of every click, transaction, and entry to create more meaningful patient interactions and improve
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DAS Health Acquires Jackson Key Practice Solutions EHR Business
DAS Health, a provider of patient-centric health IT and management services has acquired the EHR and Practice Management business of Jackson Key Practice Solutions, an Alabama-based reseller of RCM solutions, Practice Management, and EHR technologies. The acquisition marks the third by DAS Health in the past seven months and will further enhance DAS Health’s geographical footprint and strengthen the company’s position as the largest national reseller of Aprima Medical Software.DAS Health boasts
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Nokia to Acquire Withings for $191M, Enters Digital Health Market
Nokia has announced plans to acquire Withings, the Frenchh-based connected health company with a family of digital health products including fitness bands, sleep-trackers, thermometers, watches and scales for for €170 million ($191 million) in cash. The acquisition is expected to close in early Q3, 2016 subject to regulatory approvals and customary closing conditions. The acquisition marks Nokia's official entry into the digital health market to help boost its ongoing renewal of Nokia
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Midmark Acquires Versus to Optimize Outpatient Clinical Workflows Using RTLS
Midmark Corporation, a provider of outpatient workflow solutions has entered into a definitive merger agreement to acquire real-time locating system provider Versus Technology, Inc. (“Versus”). As part of the acquisition, Midmark will acquire all the issued and outstanding common shares of the Tranverse City, MI-based Versus. Versus core operations will also remain in Traverse City, Mich.Versus is the most-deployed real-time locating systems (RTLS) provider in healthcare, using location
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e-MDs Acquires Ambulatory Software Asssets from McKesson to Boost Market Share
Ambulatory EHR provider e-MDs announced on Wednesday that it has agreed to acquire several ambulatory software assets from McKesson Business Performance Services in a move to boost its market share in the ambulatory EHR space. These McKesson assets include McKesson Practice Choice™, Medisoft®, Medisoft® Clinical, Lytec®, Lytec® MD, and Practice Partner®.
"The McKesson team supporting these products is passionate about the same thing we are ─ helping doctors maintain focus on the patient,”
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