– 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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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
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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Sharecare Acquires WhiteHatAI to Enhance Healthcare Payment Integrity
What You Should Know:
- Sharecare acquires WhiteHatAI to provide health plan
and provider clients with additional capabilities to ensure healthcare payment
integrity
- WhiteHatAI’s ability to detect erroneous claims before
they are paid will help Sharecare’s health plan partners reduce costs
associated with FWA.
- Sharecare will integrate WhiteHatAI’s capabilities to
foster deeper engagement by enabling patients to both verify recent medical
procedures and report
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HealthEdge Acquires Payment Integrity Solution The Burgess Group
What You Should Know:
- HealthEdge Software announces the acquisition of The Burgess
Group, LLC (“Burgess”), an innovative payment integrity software company
focused on improving healthcare payment operations for an undisclosed sum.
- The strategic acquisition will boost Health Edge’s position in
the payment integrity market and extends best-in-class claims processing to
include software-driven payment integrity
- Burgess’ product, Burgess
Source®, is the first solution to natively
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Curavi Health, CarePointe, U.S. Health Systems Merge to Form Arkos Health to Power Virtual Care for Seniors
Curavi Health, CarePointe, U.S. Health Systems announced a merger agreement to form Arkos Health. Arkos Health will provide virtual care solutions and health insights to vulnerable populations across the United States. These three entities will become wholly-owned subsidiaries of Arkos Health, and the executive leadership teams will be merged. UPMC will continue to own a financial stake in Arkos Health, while remaining both a customer and service provider.
CarePointe, founded in 2015 and
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Health Catalyst Acquires Clinical Workflow Optimization Solution healthfinch
What You Should Know:
- Health Catalyst announces an agreement to acquire
clinical workflow optimization solution healthfinch using a mix of stock and
cash.
- As part of the acquisition, healthfinch will be a new
application suite category called EMR Embedded Insights and its refills, care
gaps closure, and visit planning applications will continue to be available in
their original configuration.
Health
Catalyst, Inc., a provider of data and analytics technology and services
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