What You Should Know:
Hospital and health system mergers and acquisitions activity in 2023 was driven by increased pressure on operations and finances, according to Kaufman Hall's latest analysis of healthcare transactions. The report reveals momentum around mergers and acquisitions continued throughout 2023 with 65 announced transactions, up from 53 in 2022. Financial distress was cited as a factor or was otherwise evident in 28% of announced transactions last year,
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
PointClickCare Acquires American HealthTech, Expands Senior Care Reach
What You Should Know:
- PointClickCare, a healthcare technology platform for senior care, has announced the acquisition of American HealthTech (AHT), a prominent provider of electronic health records (EHR) and related services for the post-acute care market. Financial details of the acquisition were not disclosed.
- The strategic move strengthens PointClickCare's position as a comprehensive care continuum solution and marks a significant step forward in their vision of transforming the
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M&A: General Catalyst’s HATCo to Acquire Summa Health
What You Should Know:
- Akron-based Summa Health and General Catalyst's Health Assurance Transformation Corporation (HATCo) have announced a planned acquisition that promises to reshape healthcare delivery in the region.
- This strategic acquisition marks the beginning of a long-term journey to create a more proactive, affordable, and equitable healthcare system for the Greater Akron community.
A Vision for a Healthier Future
Summa Health, a large, integrated healthcare system, and
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98point6 Acquires Bright.md Assets, Unveils Asynchronous Module
What You Should Know:
- 98point6 Technologies unveils two major developments: introducing an asynchronous care module to its flagship platform and acquiring the remaining assets of Bright.md, following the sale of its technology to Evernorth.
- These strategic steps underscore 98point6's commitment to empowering both healthcare providers and patients in the evolving virtual healthcare landscape. This strategic move strengthens 98point6's asynchronous care capabilities and expands its
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Innovaccer Acquires Cured to Elevate Patient Experience
What You Should Know:
- Innovaccer Inc., a leading healthcare technology company, announced the acquisition of Cured, a renowned digital marketing and CRM platform specifically designed for healthcare.
- The strategic acquisition marks a significant leap forward in Innovaccer's mission to reshape patient care, adding over 20 health systems and digital health clients to its already impressive portfolio.
Enhancing Patient Journeys with AI and Data
The acquisition of Cured brings
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Graphium Health Acquires ABG, Boosting Patient Safety and Efficiency
What You Should Know:
Graphium Health, a leader in anesthesia technology solutions, has acquired The ABG Anesthesia Data Group, LLC (ABG). This strategic acquisition signifies Graphium Health's unwavering commitment to improving patient safety and practice efficiency through innovative data management tools.
Simplifying Quality Reporting, Enhancing Care:
The ABG platform, renowned for its user-friendly interface, simplifies complex quality reporting requirements, particularly for the
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Harris Buys Medstreaming: Streamlining Workflow for Vascular and Cardiac Care
What You Should Know:
- Harris, a global leader in vertical market software, has acquired the Medstreaming software suite from Fivos. Financial details of the acquisition were not disclosed.
- The acquisition of Medstreaming by Harris signifies a positive step towards streamlined, efficient, and ultimately, improved cardiovascular and vascular care. By giving healthcare providers the tools they need to focus on what matters most – their patients – this innovative software promises a
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Impact Advisors Acquires First Quadrant Advisory to Expand Payer Expertise
What You Should Know:
- Impact Advisors, a leading healthcare management consulting firm, announced today the acquisition of First Quadrant Advisory, a renowned specialist in strategy and operations consulting for the healthcare payer market.
- This strategic acquisition strengthens Impact Advisors' commitment to delivering comprehensive, value-driven solutions for both payer and provider organizations, and further propels its mission to improve the business and delivery of
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Veracyte Acquires C2i Genomics for $70M, Expanding into Minimal Residual Disease Detection
What You Should Know:
- Veracyte, Inc. (Nasdaq: VCYT), a cancer diagnostics company acquires C2i Genomics, Inc., a pioneer in minimal residual disease (MRD) detection.
- Under the terms of the agreement, Veracyte will pay $70 million in Veracyte shares at closing, and up to an additional $25 million based on the achievement of future performance milestones over the next two years, payable in Veracyte shares or cash at Veracyte’s election.
- This strategic move positions Veracyte to
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Ventra and ADVOCATE RCM Merge to Create Revenue Cycle Management Powerhouse
What You Should Know:
- Healthcare industry leaders Ventra Health and ADVOCATE RCM announced a groundbreaking merger today, joining forces to become one of the nation's largest and most advanced providers of end-to-end revenue cycle management (RCM) services.
- This strategic move expands Ventra's reach beyond its core specialties in anesthesia, emergency medicine, and hospital medicine, while ADVOCATE RCM gains access to Ventra's extensive resources and network.
Merger Impact
Ventra
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