What You Should Know:
- Chartis, a Chicago-based healthcare advisory firm, announced a majority investment from funds managed by Blackstone. This strategic partnership will fuel Chartis' continued expansion and innovation in the healthcare industry.
- Blackstone's investment will support Chartis in expanding its capabilities across strategic, digital, technology, clinical, and financial transformation offerings. The funding will also enable the firm to further grow its
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
Hearst Acquires QGenda to Bolster Healthcare Workforce Management
What You Should Know:
- Hearst Corporation today announced the acquisition of QGenda, a leading provider of healthcare workforce management solutions. This strategic move strengthens Hearst Health’s portfolio and expands its reach in the healthcare market.
- QGenda’s platform is utilized by over 4,500 healthcare organizations to optimize staffing, improve scheduling, and enhance access to care.
- By joining Hearst Health, QGenda will gain access to additional resources and
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Modern Health Acquires Anvil Health’s AI Technology to Enhance Mental Healthcare
What You Should Know:
- Modern Health, a global workplace mental health platform, announced today the acquisition of Anvil Health's AI technology and the appointment of Paul Clark as Head of AI Strategy.
- The strategic acquisition reinforces Modern Health's dedication to leveraging cutting-edge technology to improve mental health outcomes and expand access to care.
Paul Clark Bio/Background
Anvil Health, co-founded by Paul Clark and Jon Bischke, developed Ascribe, an
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Seqera Acquires Tinybio to Democratize Access to AI-Powered Bioinformatics
What You Should Know:
- Seqera, a provider of scientific data analysis for life sciences and creator of Nextflow, announced the acquisition of Tinybio, a rising tech-bio startup specializing in AI-powered bioinformatics tools.
- The acquisition reinforces Seqera's commitment to building a robust online platform that empowers scientists with cutting-edge resources. Financial details of the acquisition were not disclosed.
Bridging the Gap Between Scientists and
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Orlando Health Acquires Brookwood Baptist Health for $910M
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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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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