What You Should Know:
- LeanTaaS, Inc., a provider of AI-powered and SaaS-based capacity management and patient flow software for health systems, today announced it has acquired Hospital IQ, a provider of intelligent automation solutions for hospitals. The acquisition values the combined company at more than $1 billion in enterprise value and enables it to power intelligent operations across more than 180+ U.S. health systems. The financial terms of the acquisition were not disclosed.
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
M&A: Avel eCare Acquires NightWatch to Expand Remote Pharmacy Services
What You Should Know:
- Avel eCare, the nation’s leading provider of clinician-to-clinician telemedicine services, today announced the acquisition of NightWatch, a West Virginia-based company that provides remote pharmacy services to hospitals, clinics and nursing homes throughout the Midwest and mid-Atlantic region.
- The expansion of remote pharmacy services strengthens Avel eCare’s portfolio of telemedicine offerings and helps meet the growing demand for
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M&A: Rendever Acquires AARP’s Alcove Virtual Reality Platform
What You Should Know:
- Rendever, the company pioneering the future of aging through VR acquires AARP’s Alcove, a popular consumer VR platform publicly available to families at home through their own VR headsets.
- The Rendever team has been co-developing Alcove with AARP since 2020. By bringing Alcove in-house, Rendever is amplifying its reach through an integrated ecosystem of products that enable a better aging experience for seniors worldwide, regardless of where they live.
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7 Buy-Side Considerations for Healthcare M&A in 2023
The shift to value-based care and an abundance of cash in the market are some of the drivers impacting healthcare mergers and acquisitions. These and other trends have been strong over the past few months and are expected to continue, impacting transaction planning for buyers.
If you are considering acquiring a healthcare business in 2023, here are seven things you need to know.
1. Value-based care is becoming a key driver in healthcare M&A
Value-based care
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CIMSS Acquires Medication Adherence App/Sensor RxCompli
What You Should Know:
- CIMSS has acquired RxCompli, a medication adherence provider of a personalized caregiver sensor/app that alerts patients to take their medications as prescribed.
- The acquisition offers a new technology platform to physicians that ensures their patients take the right medication at the right time. Financial details of the acquisition were not disclosed.
Non-Adherence of Medication is a Growing Problem in the USA
50% of patients do not take medications as
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BehaVR & Oxford VR Merge, Raises $13M for VR Delivery Platform
What You Should Know:
- Virtual reality mental and behavioral health companies BehaVR and OxfordVR today announced their merger, supported by an initial $13M in Series B funding led by Optum Ventures and Oxford Science Enterprises, with participation from Confluent Health, Accenture Ventures, Chrysalis Ventures and Thornton Capital.
- Uniting under the BehaVR brand, digital therapeutic companies BehaVR and OxfordVR will deliver comprehensive virtual reality-based treatments for mental and
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AHI Acquires Canadian-based wellteq Digital Health Inc.
What You Should Know:
- Advanced Health Intelligence Ltd acquires Canadian health technology company wellteq Digital Health Inc. This transaction follows the acquisition of South Africa based Vertica Health (Pty) Ltd in August, a biomathematical health risk modelling platform. Financial details of the acquisition were not disclosed.
- The 3-company combination creates the only company globally capable of offering biometric health screening, health risk stratification, triage into
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M&A: Carenet Health Acquires Stericycle Communication Solutions
What You Should Know:
- Carenet Health, a leading provider of 24/7 and on-demand patient engagement solutions, today announced it has acquired Stericycle Communication Solutions, an industry leader in patient engagement technology and solutions and a service of Stericycle, Inc. The companies’ combined capabilities create the industry’s most comprehensive patient experience platform.
- This acquisition emphasizes Carenet’s commitment to providing better healthcare for all, as the combined
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M&A: NextGen Healthcare to Acquire TSI Healthcare for $68M
What You Should Know:
- NextGen Healthcare today announced it has signed a definitive agreement to acquire TSI Healthcare, a privately held value-added reseller located in Chapel Hill, NC. The acquisition will expand NextGen’s presence in specialties including rheumatology, pulmonology and cardiology.
- TSI Healthcare® is a national leader in the sales and support of customized NextGen® Practice Management and Electronic Health Record software. TSI Healthcare delivers innovative,
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DirectTrust and EHNAC Announce Merger Agreement
What You Should Know:
- DirectTrust and the Electronic Healthcare Network Accreditation Commission (EHNAC) today announced an agreement to merge EHNAC with and into DirectTrust, effective January 4, 2023.
- DirectTrust is a non-profit healthcare industry alliance created to support secure, identity-verified electronic exchanges of protected health information. EHNAC is a non-profit standards development organization and accrediting body for organizations that electronically
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