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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant

Marpai Health Acquires Continental Benefits to Launch First Smart Health Plan System

by Jasmine Pennic 03/30/2021 Leave a Comment

What You Should Know: - Today Marpai Health announced that it will acquire third-party administrator Continental Benefits. Marpai brings deep learning to self-insured health plans, which will allow for the processing of comprehensive data to increase quality care, reduce costs, simplify the healthcare experience, and empower plan members to live healthier lives. The transaction is expected to close in April 2021. - Continental Benefits, owned by Damien Lamendola, is a
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Omega Healthcare Acquires himagine Solutions to Expand Global Delivery Model

by Jasmine Pennic 03/29/2021 Leave a Comment

Omega Healthcare Acquires himagine Solutions to Expand Global Delivery Model

What You Should Know: - Omega Healthcare, a provider of outsourced revenue cycle management and other healthcare support services, today announced the acquisition of himagine Solutions, a St. Louis based provider of medical coding and registry services. The transaction expands the service capabilities and geographical footprint of both companies, enhancing the ability to service clients globally. - Through this acquisition Omega Healthcare will be
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NeoGenomics Acquires Precision Oncology Platform Trapelo Health for $65M

by Fred Pennic 03/24/2021 Leave a Comment

NeoGenomics Acquires Precision Oncology Platform Trapelo Health for $65M

What You Should Know: - NeoGenomics, Inc., a provider of cancer-focused genetic testing services and global oncology contract research services announced it has reached an agreement to acquire precision oncology platform Trapelo Health for $65M. The agreement purchase price of $65 million, consists of $35 million in cash on hand and $30 million in NeoGenomics common stock and is expected to close in April 2021. - Trapelo Health offers a first-of-its-kind, interoperable, decision-support
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Apriss Health Acquires Care Coordination Platform PatientPing

by Fred Pennic 03/23/2021 Leave a Comment

Care Coordination Network PatientPing Raises $60M to Fuel Expansion

What You Should Know: PatientPing, a comprehensive care collaboration platform focused on behavioral health and substance use disorder., today announced that it has entered into a definitive agreement to acquire care coordination platform Appriss Health. - Together, PatientPing and Appriss, backed by Clearlake Capital Group, L.P., and Insight Partners, will represent the largest and most diverse care collaboration network connecting nearly 1 million healthcare providers to one another and
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Providence-Backed Tegria Acquires Healthcare IT Consulting Firm Cumberland

by Fred Pennic 03/16/2021 Leave a Comment

Providence-Backed Tegria Acquires Healthcare IT Consulting Firm Cumberland

What You Should Know: - Tegria today announced the acquisition of Cumberland, a leading healthcare IT consulting and services firm for payers and providers. Financial details of the acquisition were not disclosed. - The acquisition accelerates the growth of Tegria, launched by Providence in October 2020 to provide next-generation technologies and services to the healthcare sector. As a result of this transaction, Tegria increases its consulting capabilities for payer organizations while
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Grand Rounds Merges with Doctor on Demand to Create New Virtual Care Company

by Fred Pennic 03/16/2021 Leave a Comment

Grand Rounds Merges with Doctor on Demand to Create New Virtual Care Company

What You Should Know: - Grand Rounds, a leader in healthcare quality and clinical navigation, and Doctor on Demand, the nation’s leading virtual care provider, announced their merger agreement, creating a first-of-its-kind integrated virtual care company. - These two premier platforms will offer a patient and provider experience unmatched elsewhere, providing a full suite of digital and interactive solutions to help people address the $300 billion problem of uncoordinated care in the
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Vytalize Health to Acquire Patient Financial Experience Platform MedPilot

by Fred Pennic 02/17/2021 Leave a Comment

Patient Financial Engagement Startup MedPilot Raises $1.5M to Fuel Expansion

What You Should Know: - Vytalize Health to acquire patient financial experience platform MedPilot to accelerate data-driven engagement technology to its ACO's Medicare population. - An alumnus of the Cedars-Sinai Accelerator, MedPilot’s platform has already helped over 1 million patients to date and boasts a 97% patient satisfaction score.   Vytalize Health, a leading provider of value-based healthcare announced it is acquiring MedPilot, a Cleveland-based patient financial
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Sharecare to Go Public in SPAC IPO Deal, Reaching $3.9B Valuation

by Fred Pennic 02/12/2021 Leave a Comment

Sharecare to Go Public in SPAC IPO Deal, Reaching $3.9B Valuation

What You Should Know: - Digital health company Sharecare and special purpose acquisition company (SPAC), Falcon Capital Acquisition Corp, today announced an agreement to merge to go public on the NASDAQ under the ticker symbol SHCR at enterprise value of $3.9B. - The transaction is expected to be funded through a combination of Falcon's $345 million of cash in trust (assuming no redemptions) supported by a $425 million fully committed PIPE at $10.00 per share and the Anthem
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Seed Health Acquires Auggi’s Stool Recognition AI Tech & Algorithms

by Jasmine Pennic 02/12/2021 Leave a Comment

Seed Health Announces Acquisition of Digital Health Company Augg

What You Should Know: - Seed Healthv, a microbial sciences company, announced the acquisition of Auggi, a digital health company with a suite of artificial intelligence and machine learning technologies to track and analyze digestive health. - As part of the acquisition, Seed Health will acquire Auggi's technology assets, including its AI algorithm for real-time Bristol stool typing, the world's largest stool image database, and a mobile monitoring application for clinical research. -
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Nuance Acquires Ambient AI Assistant for Physicians Platform Saykara

by Jasmine Pennic 02/08/2021 Leave a Comment

Nuance Acquires Ambient AI Assistant for Physicians Platform Saykara

What You Should Know: - Nuance acquires ambient AI healthcare voice assistant Saykara, Inc. to bring complementary AI technology and engineering talent to conversational AI and ambient clinical intelligence market leader. - Kara’s AI-powered healthcare voice assistant can be used during a physician-patient encounter without any voice commands, promising to eliminate up to 100% of after-hours charting and records entry Nuance Communications, Inc. today announced the acquisition of
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