What You Should Know: - Cone Health has signed a letter of intent to merge with Norfolk, Virginia-based Sentara Healthcare for a combined $11B in assets. - The merger creates one large health system totaling of 17 hospitals – 11 Sentara hospitals in Virginia and one in Elizabeth City, N.C., and five Cone Health hospitals in the area surrounding Greensboro. Cone Health has signed a letter of intent to merge with Norfolk, Virginia-based Sentara Healthcare. The merger will
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
Providence Acquires MEDITECH Consulting Firm Navin, Haffty & Associates
What You Should Know: - Providence acquires MEDITECH Consulting Firm Navin, Haffy & Associates to combine with Engage IT Services to become a leading solutions and services provider for the healthcare industry. - The two firms are part of Providence Services Group (PSG), a family of top-tier healthcare technology services firms, brought together by Providence Health System, as part of Providence's broader ongoing strategy to launch an independent solutions and
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Medtronic Acquires Smart Insulin Pen Company Companion Medical
What You Should Know: - Today, Medtronic announced that it will acquire Companion Medical, the manufacturer of InPen, a smart insulin pen system paired with an integrated diabetes management app. - The addition of Companion’s InPen system builds upon Medtronic's strategic acquisitions of Nutrino and Klue to further improve overall automated decision-making capabilities and optimizes dosing decisions using algorithms and AI for patients. Medtronic, today announced the
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M&A Analysis: 3 Benefits of Siemens Healthineers’ $16.4B Acquisition of Varian Medical
What You Should Know: - Siemens Healthineers and Varian Medical announce a $16.4B deal in an all-cash transaction on 2nd August 2020. - Deal expected to close in 1H 2021. - Varian Medical will maintain its brand name and operate “independently” - Siemens AG will drop holding in Siemens Healthineers from 85% to 72% as part of the transaction. News of the deal between Siemens Healthineers and Varian Medical will have caught many industry onlookers off guard on Sunday evening.
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Analysis: July Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of July 2020. While a pandemic ravages the country, technology valuations are soaring. The Nasdaq hit an all-time high during the month of July, sailing through the 10,000 mark to post YTD gains of nearly 20%, representing a 56% increase off the low water mark on March 23. More notably, the Nasdaq has outperformed
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Teladoc Health and Livongo Merge in $18.5B Deal: 5 Things to Know
What You Should Know: - Teladoc Health to merge with Livongo for $18.5B in cash and stock to create a powerhouse leader in consumer-centered virtual care. - Teladoc Health shareholders will own approximately 58 percent and existing Livongo shareholders will own approximately 42 percent of the combined company. - Jason Gorevic, current CEO of Teladoc Health, will be the CEO of the combined company. Teladoc Health (TDOC) and Livongo (LVGO), today announced that they have entered
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Centauri Health Acquires AppRev to Enhance Hospital Revenue Cycle Optimization
What You Should Know: - Centauri Health Solutions acquires Applied Revenue Analytics (AppRev) for undisclosed terms to enhance Centauri’s market leadership in hospital revenue cycle optimization. - AppRev delivers technology-enabled revenue cycle optimization services in a Software-as-a-Service (SaaS) model. Centauri Health Solutions (“Centauri” or the “Company”), an innovative healthcare technology and services company, announced today that it has acquired Applied Revenue Analytics
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DAS Health Acquires Managed IT Services and CyberSecurity Company Technology Seed
- Both companies’ clients will gain an increased depth of IT and security support, and Technology Seed’s healthcare clients will now have a substantially improved value proposition DAS Health Ventures, Inc., a provider of health IT and management, announced today it completed the acquisition of Technology Seed, LLC, a managed IT and cybersecurity services company based in Salem, NH. This acquisition strengthens DAS’ position in the MSP sector and significantly advances its growth strategy to
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Ciox Health Acquires Biomedical NLP Company Medal
What You Should Know: - Ciox Health has acquired Medal, Inc., a biomedical Natural Language Processing (biomed-NLP) technology company. - The acquisition will lead Ciox to better and more quickly enable real-world data in support of research that advances patient care. Ciox Health, a leading health technology company, today announced its acquisition of San Francisco-based biomedical Natural Language Processing (biomed-NLP) technology company, Medal, Inc., a leader in
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W2O Acquires Discern Health to Strengthen Value-Based Care Capabilities
What You Should Know: - W2O announced today the acquisition of Discern Health, a leading healthcare consultancy based in Washington, DC, and Baltimore, to strengthen its strategic capabilities in assisting clients with critical healthcare policy trends and value-based reimbursement models. - Discern Health brings experts with decades of experience in quality, health care measurement, and payment models to W2O’s analytics-driven, technology-enabled marketing and communications solutions.
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