What You Should Know:
- HealthStream acquires ShiftWizard, a SaaS-based nurse
scheduling software saves your hospital time & money with an innovative
scheduling solution and mobile app made by nurses, for nurses.
- HealthStream acquired ShiftWizard, Inc. for
approximately $32.0 million in cash, subject to working capital and other
customary purchase price adjustments.
HealthStream today announced that it has acquired ShiftWizard, Inc., a Raleigh, North Carolina-based company
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
TrustHCS, Visionary RCM, T-System, RevCycle+ Merge to Form New Entity CorroHealth
What You Should Know:
- CorroHealth – a newly-formed entity – combines the services and technologies of TrustHCS, Visionary RCM, T-System, and RevCycle+.
- Under this new entity, CorroHealth is committed to
helping clients navigate regulatory compliance complexities, ease physician burdens
and improve financial outcomes.
Today, four revenue cycle management services and technology organizations have merged together as a newly-formed entity—CorroHealth. TrustHCS, Visionary RCM,
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M&A: Anthem Reportedly in Negotiations to Acquire CareCentrix
What You Should Know:
- Health insurer Anthem
is in late-stage negotiations to acquire home healthcare benefits manager CareCentrix, according to PE Hub.
- PE Hub reports
that customer concentration issues have been a factor in negotiations; however,
the deal is far from certain.
- Backed by growth private equity firm Summit Partners, East Hartford, CT-based
CareCentrix provides specialty benefit management services to health plans,
improving quality and reducing costs in several
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Parexel Acquires Healthcare NLP Provider Roam Analytics
What You Should Know:
- Parexel acquires healthcare software company Roam
Analytics, Inc. to strengthen and enhance Parexel’s pharmacovigilance (PV)
services.
- The acquisition provides significant opportunities to
apply Roam Analytics’ natural language processing (NLP) technology to further
streamline and extract insights from unstructured data.
- Parexel will also use Roam’s AI technology to leverage
various data, from clinical notes, medical images, patient surveys,
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M&A: Provation Acquires Perioperative Care Coordination Platform ePreop
What You Should Know:
- Provation announces the acquisition of ePreop, a comprehensive perioperative care coordination, and quality reporting solutions for an undisclosed sum.
- Acquisition creates a comprehensive clinical productivity SaaS platform, streamlining workflows, and documentation from patient intake and pre-op through recovery and follow-up.
Provation, a
software provider of procedure documentation and clinical decision support
solutions, backed by Clearlake Capital
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Revint Merges with Triage to Deliver Comprehensive Revenue Integrity
What You
Should Know:
- Revint,
a leader in technology-enabled revenue integrity solutions for healthcare
providers, announced they will be merging with Triage Consulting Group, one of
the nation’s premier healthcare revenue integrity companies.
- With this merger, Revint continues to invest in its technology and product solutions that recover revenue through a guaranteed ROI model that hospital systems can depend on.
Revint Solutions, a leader in
technology-enabled revenue integrity
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Radiology Partners Acquires MEDNAX Radiology Solutions for $885M
What You Should Know:
- Radiology Partners acquires MEDNAX Radiology Solutions,
a division of MEDNAX, Inc. for $885M in cash.
- The acquisition accelerates Radiology Partners’ mission to transform radiology, offer unparalleled clinical value and service at scale, and further elevate the role of radiologists within the healthcare field.
Radiology Partners
(RP),a radiology practice in the U.S., announced a definitive agreement to acquire
MEDNAX Radiology Solutions, a division
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Verisk Acquires MSP Compliance Provider Franco Signor for $160M
What You Should Know:
- Verisk acquires Franco Signor, a Bradenton, FL-based full-service provider of MSP compliance software and services for $160M.
- Property/casualty insurers, self-insureds, and TPAs
will benefit from the most comprehensive suite of fully integrated Medicare
compliance solutions and greater access to the nation’s top Medicare experts.
Verisk, a data
analytics provider, announced today that it has acquired
Franco Signor, a Medicare Secondary
Payer (MSP) service
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AmWell IPO and Google Deal – Five Key Takeaways to Know
1) COVID-19 Has Driven Revenue Up 77%
The headline revenue data (summarised below) provides very positive news for AmWell and its new investor, Google. Notably:
- Even prior to COVID-19, the company was growing well with revenues increasing by 31% in 2019 compared to 2018.
- This rate of growth has accelerated in 1H20, with overall revenue up 77% in the same period in 2019.
- The 2019 growth was partly driven by a small increase in the number of health plan subscription customers and
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Analysis: August 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 August 2020.
M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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