What You Should Know:
- Health insurer Cigna has called off its attempt to acquire rival Humana after failing to reach an agreement on price, according to sources familiar with the matter, CNBC first reports.
- The talks, which were revealed in November 2023, would have created a combined company exceeding $140B in value, but faced significant antitrust scrutiny.
- The deal's failure comes six years after similar mega-mergers in the health insurance industry were blocked by regulators.
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
ConcertAI Acquires CancerLinQ to Expand Real-World Data and AI Solutions for Cancer Care
What You Should Know:
- ConcertAI, a developer of AI-powered healthcare solutions, announced today the acquisition of CancerLinQ, a subsidiary of the American Society of Clinical Oncology (ASCO).
- This strategic move will significantly enhance and expand CancerLinQ's capabilities, unlocking the potential of real-world data and next-generation AI to revolutionize cancer care and accelerate clinical research.
CancerLinQ Background
CancerLinQ represents one of the largest oncology
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R1 RCM Acquires Acclara for $675M, Secures 10-Year RCM Partnership with Providence Health System
What You Should Know:
- R1 RCM Inc. (NASDAQ: RCM), a provider of technology-driven solutions for healthcare providers, announced a significant strategic partnership involving the acquisition of Acclara and a 10-year revenue cycle management agreement with Providence, one of the nation's largest health systems.
- The acquisition of Acclara for $675M in cash and warrants will bolster R1's offerings and position it as the "trusted partner of choice" in comprehensive revenue cycle management.
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Fountain Life Acquires LifeOmic to Optimize Preventative Care
What You Should Know:
- Fountain Life, a leader in advanced diagnostics and preventative healthcare, has acquired LifeOmic, a health data technology company specializing in precision medicine.
- This acquisition significantly strengthens Fountain Life's ability to deliver data-driven, proactive healthcare services to its members.
Acquisition Optimizes Fountain Life’s Preventative Care Offerings
LifeOmic's technology platform will become the backbone of Fountain Life's offerings. The
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PerkinElmer Acquires Covaris to Create Global Life-Sciences and Diagnostics Platform
What You Should Know:
- PerkinElmer, a leading global analytical services and solutions provider, announced its acquisition of Covaris, a developer of solutions for life science innovations.
- This strategic move will fuel Covaris' growth and expand PerkinElmer's life sciences portfolio into the high-growth diagnostics market. Notably, both companies share majority ownership under New Mountain Capital, making the integration potentially smoother. While financial details remain undisclosed,
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M&A: Experian Acquires Wave HDC to Enhance Healthcare Coverage Identification and Automation
What You Should Know:
- Experian acquires Wave HDC, a healthcare technology leader that offers AI-enhanced data curation solutions to identify unknown insurance benefits coverage and critical patient demographics at the start of a patient's healthcare journey.
- The acquisition bolsters the Experian Health business portfolio with more comprehensive and faster healthcare coverage identification and automation capabilities.
Wave HDC's AI-Powered Solutions
Wave HDC offers several
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Cigna and Humana Merger Talks Could Face Antitrust Scrutiny
What You Should Know:
- Cigna and Humana are in talks to merge in a deal that would create a US health insurance giant worth $140B and provide a significant test for antitrust authorities.
- A combination between Cigna and Humana would help the companies compete with larger rivals such as UnitedHealth Group and Elevance Health, formerly known as Anthem. The two companies have hired advisers who have been discussing a cash and stock deal for more than a month. They hope to get the
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M&A: Novant Health Acquires 3 Tenet Hospitals in South Carolina for $2.4B
What You Should Know:
- In a significant move to expand its presence in South Carolina, Novant Health has announced the acquisition of three Tenet Healthcare hospitals and affiliated operations for approximately $2.4B. The deal, which is expected to close early next year, will bring Hilton Head Hospital, Coastal Carolina Hospital, and East Cooper Medical Center under the Novant Health umbrella.
-This strategic acquisition aligns with Novant Health's long-term vision to enhance healthcare
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M&A: Aya Healthcare Acquires Winnow AI to Bolster Physician Recruitment
What You Should Know:
- Aya Healthcare, a large healthcare talent software and staffing company, has acquired Winnow AI, a data science-driven solution that helps organizations recruit and retain physicians.
- Winnow AI uses artificial intelligence and business intelligence to identify passive physicians who are likely to relocate to a particular region. This acquisition will allow Aya Healthcare to offer both active and passive job seeker recruitment platforms to its clients.
Data
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M&A: UpHealth Sells Cloudbreak Health Business to GTCR for $180M
What You Should Know:
UpHealth, Inc. has entered into a definitive agreement to sell its wholly-owned subsidiary, Cloudbreak Health, LLC, to private equity firm GTCR for $180 million in cash.
The sale will allow UpHealth to reduce its debt and focus on its growing behavioral health business, TTC Healthcare. The sale is expected to close in the first half of 2024.
CloudBreak Health Background
Cloudbreak Health, known for its Martti translation offering, provides telehealth and video
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