What You Should Know:
- Today, Accenture announced it has acquired Bionest, a strategy and consulting firm dedicated to addressing complex strategic decisions for leading biopharma organizations across innovative areas of science including precision medicine and diagnostics, oncology, cell & gene therapy (CGT), and rare diseases. Terms of the transaction were not disclosed.
- Scientific and technological advancements are creating breakthroughs for patient health,
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
M&A: Science 37 Acquires Vault Health’s Life Sciences Platform
What You Should Know:
- Science 37 Holdings, Inc., the industry-leading Metasite announced it has acquired life sciences platform from Vault Health, a national leader in remote diagnostics and COVID testing, to further enhance clinical trial workflow orchestration and data interoperability capabilities of the Science 37 platform.
- The asset purchase accelerates Science 37’s existing development plans for workflow features such as advanced scheduling and investigational product tracking,
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M&A: CVS Pharmacy Acquires MedAvail’s Pharmacy Assets
What You Should Know:
- MedAvail Holdings, Inc.(“MedAvail”), an innovative technology-enabled pharmacy company, today announced it has entered into a definitive agreement with CVS Pharmacy, Inc., on behalf of itself and its subsidiaries and affiliates (“CVS”), for the sale of certain assets of MedAvail’s SpotRx pharmacies (the “CVS Transaction”).
- MedAvail has agreed to sell to CVS certain assets related to its SpotRx pharmacies located in Tucson and Phoenix, Arizona; Buena Park,
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M&A: ReviveHealth Acquires Telehealth Company SwiftMD
What You Should Know:
ReviveHealth, a whole health and integrated care company, has acquired SwiftMD, a virtual care services company with a strong physician network.
- The acquisition was facilitated by Eir Partners, a Miami based private equity firm that invests in high growth healthcare companies. Eir Partners took a majority interest in ReviveHealth as a part of the transaction.
SwiftMD Background
SwiftMD is a digital virtual health company with the highest utilization rate
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M&A: Arrive Health Acquires UPMC Enterprises Pharmacy Technology
What You Should Know:
- Arrive Health, a provider of real-time benefit tools and integrated solutions that improve patient affordability, today announced the acquisition of a suite of innovative patient engagement and automation technologies developed by UPMC Enterprises and the UPMC Pharmacy Network.
- The acquisition adds AI-driven virtual assistant technology and a robust patient management system to its affordability offerings, expanding support for more than 200 million
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M&A: OpenLoop Acquires Reliant.MD’s Practice Group
What You Should Know:
- OpenLoop Health, a leader in white-label telehealth support services powering virtual and hybrid care across the country, today announced its acquisition of Reliant.MD's practice group. Financial details of the acquisition were not disclosed.
- The acquisition enables OpenLoop to continue to expand the depth of its clinical services and further confirms its place as a leader in digital and hybrid healthcare delivery.
- For Reliant Immune Diagnostics, Inc. the
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2022 Healthcare Investment, M&A, IPO Market Trends/Insights
What You Should Know:
- The latest edition of SVB's Healthcare Investments and Exits report provides information on VC fundraising, investments and M&A and IPO trends - along with subsector analysis and video commentary for each.
- Healthcare trends indicate US healthcare VC investment was healthy in 2022 despite an economic downturn. There's plenty of dry powder to deploy; however, investments and exits are slowing due to the volatile market.
Trends and Insights – Healthcare
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M&A: LeanTaaS Acquires Hospital IQ, Combined Valuation Exceeds $1B
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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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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