What You Should Know:
- Provation, a SaaS provider of procedure documentation and clinical decision support solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced its acquisition of iProcedures, LLC, a top-rated provider of cloud-based anesthesia documentation and perioperative data management software solutions. Financial terms of the transaction were not disclosed.
- The acquisition further expands Provation’s
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
Halma Acquires AI-Powered Perinatal Platform PeriGen for $58M
- Halma, a UK global group of life-saving technology companies that provide innovative solutions to key problems facing the world today has acquired PeriGen, a leader in artificial intelligence that improves safety during childbirth for $58M in cash.
- The acquisition provides access to a supportive network and additional resources so that PeriGen can expand its perinatal safety technology throughout the U.S. and
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Lyniate Acquires Datica Integration Business to Deliver Interoperability
What You Should Know:- Lyniate announced the acquisition of Datica Integrate and the subsequent launch of Lyniate Envoy, the company’s new cloud-based data integration solution.
- Powered by the Datica Integration team, Lyniate Envoy provides healthcare organizations with the support necessary to rapidly integrate their healthcare IT solutions with EHRs, labs, public health departments, and more.
- Together, Lyniate Corepoint, Lyniate Rhapsody, and Lyniate Envoy
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Accolade Acquires Virtual Primary Care Platform PlushCare for $450M
What You Should Know:
- Accolade, Inc. today announced an agreement to acquire PlushCare, a leading provider of virtual primary care and mental health treatment.
- Under the terms of the agreement, the purchase price of up to $450 million will consist of $40 million in cash, $340 million in Accolade common stock, and up to an additional $70 million of value payable upon the achievement of defined revenue milestones following the closing.
- The
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GoodRx Acquires HealthiNation to Expand Offering to Manufacturers
What You Should Know:
- GoodRx just announced the acquisition of HealthiNation, a leading producer of original health videos, as part of its continued investment in delivering high-quality content and information, and expanding its offering to pharmaceutical manufacturers. Financial details of the acquisition were not disclosed.
- GoodRx works with manufacturers to deliver affordability solutions such as co-pay cards, patient assistance programs, and other savings options directly to
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Modernizing Medicine Acquires Podiatry EHR Platform TRAKnet
What You Should Know:
- Specialty EHR vendor Modernizing Medicine has acquired TRAKnet and other assets from podiatric electronic health records (EHR) vendor NEMO Health. The announcement follows Modernizing Medicine’s acquisition of the SammyEHR Podiatry platform last year, further solidifying Modernizing Medicine’s position as a market leader in podiatry.
- Modernizing Medicine plans to accelerate innovation and bring advanced EHR, practice management, and
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Olive Acquires Surgical Analytics Platform Empiric Health – M&A
What You Should Know:
- Olive AI, the company delivering innovation to healthcare through artificial intelligence (AI), today announced the acquisition of Empiric Health, an AI-powered clinical analytics company that focuses on identifying unwarranted clinical variation, improving patient outcomes and increasing the affordability of surgery.
- Empiric's technology was initially developed at Intermountain Healthcare. In 2017, Intermountain Ventures spun out the Empiric technology and
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.
By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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M&A: Microsoft Acquires Nuance for $20B to Accelerate Healthcare Cloud Strategy
What You Should Know:
- Today, Microsoft Corporation (Nasdaq: MSFT) and Nuance Communications, Inc. (Nasdaq: NUAN) announced they have entered into a definitive agreement under which Microsoft will acquire Nuance for $16B. Financial terms of the all-cash deal details Microsoft paying $56 per Nuance share, a 23% premium over Friday’s closing price with a total value including debt at $19.7 billion.
- Microsoft’s acquisition
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Dedalus Completes Acquisition of DXC’s Provider Healthcare Business – M&A Analysis
What You Should Know:
Last week saw Dedalus complete the purchase of DXC’s healthcare provider business for $450M, a deal that was originally announced in July 2020.
- DXC was created in 2017 via the merger of CSC and the Enterprise Services business of Hewlett Packard Enterprise (HPE)
- Dedalus has been through a rapid acquisition program over the last ten years acquiring a majority position with France-based Medasys/Noemalife in 2016 and then acquiring the EHR and integrated care
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