The trend of mergers between large healthcare provider organizations continued in 2018, as the average size in revenue of sellers (defined as the smaller of two organizations in a transaction) reached $409 million, according to Kaufman Hall's new report, 2018 M&A in Review: A New Healthcare Landscape Takes Shape. This is the highest figure seen since Kaufman Hall began tracking this metric in 2008. It also represents a compound annual growth rate (CAGR) of almost 14 percent in the average
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
HealthStream Acquires Providigm for $18M in Cash to Drive Quality Outcomes
HealthStream, a provider of workforce and provider solutions for the healthcare industry, today announced that it has acquired Providigm LLC, a Denver-based company focused on quality assurance and performance improvement in healthcare, primarily serving skilled nursing facilities for approximately $18 million in cash. HealthStream adds to its workforce development solutions with a comprehensive quality management system created by Providigm, known as “abaqis,” which is the leading SaaS-based
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CentralReach Acquires Managed Billing Provider Bronco Billing
CentralReach, a provider of practice management software for ABA clinicians and educators, has recently acquired Bronco Billing, giving customers access to a team of billing experts to expedite the billing process and maximize revenue. The acquisition is an expansion of the existing partnership between Bronco Billing and CentralReach allowing customers to improve their billing process through auto-generated claims, receivables collections, payments, and denial re-submissions, so they can spend
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3M to Acquire M*Modal’s Technology Business for $1B
3M announced a definitive agreement to acquire the technology business of M*Modal, for a total enterprise value of $1 billion dollars. M*Modal is a healthcare technology provider of cloud-based, conversational Artificial Intelligence (AI)-powered systems that help physicians efficiently capture and improve the patient narrative so they can spend more time with their patients and provide a higher quality of care.M*Modal Acquisition DetailsAs part of the acquisition, 3M will maintain a strategic
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PeaceHealth to Acquire On-Demand Healthcare Provider ZOOM+Care
PeaceHealth to acquire ZOOM+Care to expand access to on-demand primary and specialty care for patients across the Pacific Northwest. PeaceHealth, a Vancouver, WA-based nonprofit Catholic health system serving the Pacific Northwest community, today announced it will acquire ZOOM+Care, a provider of on-demand retail and digital healthcare services including telemedicine. The acquisition increases access to a continuum of care that offers consumers in Oregon and Washington with more choice and
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Change Healthcare Acquires Blockchain Startup PokitDok Assets
Change Healthcare announced that it has acquired intellectual property (IP) and other key assets from PokitDok, Inc., a blockchain platform-as-a-service company for healthcare. The integration of key PokitDok APIs into the network will add new capabilities for digital health, telemedicine, and other new, disruptive care models that support value-based, patient-centric healthcare.Founded in 2011, PokitDok’s platform-as-a-service makes it faster and easier for healthcare organizations to bring new
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Alira Health Acquires Data Sciences Company Clinical Insights
Alira Health, international healthcare and life sciences advisory firm, announced that it has acquired Clinical Insights, a data science organization providing data analytics and predictive analysis to healthcare companies. The acquisition will add rich data to each of Alira Health's practice areas, including innovation, regulatory, clinical, strategy, and transaction advisory services.Founded in 2012, Milano, Italy-based Clinical Insights provides tools and business advisory services based on
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Sentiance Acquires Personalized Mobile Coaching Platform BrandNewHealth
Sentiance, a leading IoT intelligence platform, today announced it has acquired BrandNewHealth in a move to bolster its platform to offer more personalized and behavioral change programs for its healthcare, insurance and mobility partners. Founded in 2003, BrandNewHealth is a leader in cost-effective personalized mobile coaching, with a primary focus on helping companies improve the health, well-being, and mobility of their employees and the communities they live in. The broader scope of the
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Brightree Acquires Mobile Delivery and SaaS Provider Apacheta Corp.
Brightree, an out-of-hospital software provider, announced it has acquired PA-based Apacheta Corporation, a privately held mobile delivery and cloud-based SaaS provider that allow companies to automate and streamline business processes in route sales, field marketing, pick-up and delivery, transportation and field services.“Apacheta solves many of the business challenges HMEs face in managing deliveries, particularly eliminating missing, lost or incomplete delivery information,” said Brightree
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M&A Analysis: 10 Reasons Why ResMed Acquired Propeller Health for $225M
On December 3rd, ResMed announced the acquisition of digital therapeutics maker Propeller Health for $225 million to help establish itself as a leader in COPD management across all stages of the disease. Digital medicines can help to personalize treatments, monitor patients in real-time, detect day-to-day changes in disease condition and increase patient adherence. Founded in 2010, Propeller helps people and their doctors better manage their COPD and asthma. Propeller’s digital medicine platform
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