What You Should Know:
- Tenet Healthcare Corporation has entered into a definitive agreement to sell its majority ownership stake in Brookwood Baptist Health to Orlando Health for approximately $910M in cash, resulting in after-tax proceeds of around $790M for Tenet.
- The sale includes five hospitals – Brookwood Baptist Medical Center, Princeton Baptist Medical Center, Walker Baptist Medical Center, Shelby Baptist Medical Center, and Citizens Baptist Medical Center – along with
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
Study: Private Equity Acquisitions Linked to Decline in Hospital Assets
What You Should Know:
- A new study has revealed a concerning trend in the healthcare industry: a significant decline in hospital assets following private equity acquisitions. The research, published in JAMA, analyzed data from 197 acquired hospitals and found a 24% decrease in total capital assets compared to a 9.2% increase in control hospitals over a two-year period post-acquisition. This decline is attributed to the sale of hospital assets, including land and buildings, to repay
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R1 RCM to Be Acquired by TowerBrook and CD&R for $8.9B
What You Should Know:
- R1 RCM Inc., a leading provider of technology-driven healthcare revenue cycle management solutions, announced that it has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice (CD&R). The all-cash transaction values R1 at approximately $8.9 billion.
- Under the terms of the agreement, TowerBrook and CD&R will acquire all outstanding shares of R1
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VitalHub Acquires MedCurrent for $34M to Enhance Healthcare Efficiency
What You Should Know:
- VitalHub Corp., a leading provider of healthcare operations software and services, announced the acquisition of MedCurrent Corporation, a clinical decision support (CDS) company.
- The acquisition will integrate MedCurrent's OrderWise platform with VitalHub's existing Patient Flow software suite to create a comprehensive solution for managing healthcare resources.
Financial Details of the Acquisition
VitalHub will acquire MedCurrent for up to
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AvaSure Acquires Ouva’s Smart Room Solutions to Enhance AI-Powered Virtual Care Platform
What You Should Know:
- AvaSure, a provider of acute virtual care, announced today the acquisition of Ouva's smart room solutions. This strategic move aims to accelerate the development of AI-powered virtual care solutions for hospitals.
- By integrating Ouva's advanced AI capabilities into its Intelligent Virtual Care Platform, AvaSure will significantly expand its offerings and enhance patient care. Financial details of the acquisition were not disclosed.
Expanding
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Astrana Health Acquires Collaborative Health Systems to Expand Care Delivery Network
What You Should Know:
- Astrana Health, a leading technology-powered healthcare company acquires Collaborative Health Systems (CHS), a management services organization serving over 129,000 beneficiaries across 17 states.
- The strategic move will significantly expand Astrana’s care delivery capabilities and solidify its position as a key player in the value-based care market.
Expanding Geographic Footprint and Enhancing Care Delivery
CHS brings a strong
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Bone Health Technologies Acquires Wellen to Deliver Personalized, Non-Drug Osteoporosis Care
What You Should Know:
- Bone Health Technologies (BHT), a pioneer in non-pharmaceutical bone health solutions acquires Wellen, a Brooklyn-based company focused on personalized exercise programs for osteoporosis designed for women over 50.
- By combining BHT's innovative medical device with Wellen's personalized exercise programs, this strategic move positions Bone Health Technologies as a leader in providing effective, non-drug solutions for people struggling with osteoporosis and
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Linus Health Acquires Together Senior Health, Bolstering Early Detection and Care for Cognitive Decline
What You Should Know:
- Linus Health, a leader in early detection of cognitive decline and dementia, announced today the acquisition of Together Senior Health. This strategic move strengthens Linus Health's position in the brain health space by combining its expertise in early detection with Together's evidence-based solutions for managing cognitive decline.
- The post-acquisition integration process will prioritize a smooth transition for clients of both companies. Clients can
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Commure to Acquire Augmedix in $139M All-Cash Deal
What You Should Know:
- Augmedix (AUGX), a leader in AI-powered medical documentation and data solutions, is being acquired by healthcare technology provider Commure in an all-cash deal valued at approximately $139M. News of the acquisition brought Augmedix up by 150% at $2.27 at 10 am ET after closing at $0.92 on Thursday.
- Augmedix leverages AI technology to streamline medical documentation and data management for healthcare providers. Their platform uses ambient AI to
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GE HealthCare Acquires Intelligent Ultrasound for $51M
What You Should Know:
GE HealthCare (Nasdaq: GEHC) announced an agreement to acquire the clinical artificial intelligence (AI) software business of Intelligent Ultrasound Group PLC (Intelligent Ultrasound) for approximately $51M.
- The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions. GE HealthCare will finance the deal with existing cash reserves. The strategic acquisition signifies GE HealthCare's dedication to advancing
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