Medidata today announced that it has entered into a definitive agreement to acquire SHYFT Analytics for $195 million in cash, closing the loop on clinical development with commercial and real-world data analytics. SHYFT Analytics cloud data analytics platform for life sciences provides insights on 45B patient records and 2M providers. Medidata's unified platform, pioneering analytics, and unrivaled expertise power the development of new therapies for over 1,000 pharmaceutical companies, biotech,
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
Teladoc Acquires Global Virtual Care Provider Advance Medical for $352M in Cash and Stock
Virtual care provider Teladoc, today announced it has acquired Advance Medical, an international virtual care provider of telemedicine services across Europe, Asia, Latin America for $352 million cash and stock. Under the terms of the agreement, the purchase price consists of approximately $292 million in cash and $60 million of Teladoc common stock. With a broadened international footprint and the ability to offer an expanded set of clinical services worldwide, the combination creates the only
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ResMed to Acquire Home Health Software Provider HEALTHCAREfirst
ResMed, a global leader in connected healthcare solutions, today announced it has entered into a definitive agreement to acquire privately held HEALTHCAREfirst, a provider of software solutions and services for home health and hospice agencies. Financial terms of the acquisition were not disclosed. Founded in 1992, HEALTHCAREfirst offers electronic health record (EHR) software, billing and coding services, and advanced analytics that enable home health and hospice agencies to optimize their
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Anthem to Acquire Community-based Palliative Care Provider Aspire Health
Anthem, Inc., the country's second largest health insurer, today announced that the company has entered into an agreement to acquire Aspire Health, the nation’s largest non-hospice, community-based palliative care provider. Financial terms of the acquisition were not disclosed and is expected to close in the third quarter of 2018. Founded in 2013 by former U.S. Senator and physician William Frist and Brad Smith, Aspire Health utilizes proprietary predictive clinical and claims-based patient
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DAS Health Lands $6M to Accelerate Company Acquisition Strategy
DAS Health, a Tampa, FL-based provider of health IT and management solutions, has secured a $6 million in facility financing through Fifth Third Bank to be used primarily for future acquisitions and growth. DAS recently completed its fifth acquisition in a three-year time span, each using only DAS’ own internal operating cashflow. DAS Health’s excellent track record of success in integrating services and staff has led to continued expansion, allowing the company to provide existing clients with
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Elliott Management Outlines Concerns With athenahealth’s Lack of Engagement Over Acquisition Bid in Letter
On Tuesday, Elliott Management Corporation (“Elliott”) released a letter to the Board of Directors of athenahealth, Inc. regarding Elliott’s proposal to acquire athenahealth for $160 per share in cash that could worth about $7 billion dollars.The letter outlined Elliott’s concerns with athenahealth’s refusal thus far to engage with any of the parties, including Elliott, that have expressed interest in acquiring athenahealth.“Since that time, we have heard nothing from the Company beyond its
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Cumberland Consulting Group Acquires LinkEHR to Expand Managed Services Practice
Health IT consulting firm Cumberland Consulting Group has acquired LinkEHR, a Madison, WI-based EHR-focused managed services firm specializing in Tier 1, 2 and 3 application support for health systems. Today’s announcement marks the firm’s fourth acquisition in just under five years.LinkEHR provides remote application support, including Epic Help Desk services, application break-fix and maintenance support for the full suite of Epic applications. In addition, the firm offers physician concierge
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Complete HealthCare Solutions, Inc. Acquires PDQ Billing Services
Complete HealthCare Solutions, Inc. has announced the acquisition of PDQ Billing Services, Myrtle Beach, South Carolina. Founded in 1993, PDQ Billing Services provides revenue cycle management and credentialing services to the ambulatory healthcare segment. Complete HealthCare Solutions, Inc.'s offering includes a robust set of clinical and financial solutions supporting the full scope of care delivery processes — including Revenue Cycle Management Services, Credentialing, Patient Pay Solutions,
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Philips Acquires Sleep Apnea Wearable Nightbalance to Expand its Sleep & Respiratory Care Portfolio
Philips announced that it has acquired NightBalance, a Netherlands-based digital health startup that has developed a sleep apnea wearable that is used to treat positional obstructive sleep apnea and positional snoring. Obstructive sleep apnea (OSA) is a serious disorder in which breathing pauses and re-starts during sleep. Common symptoms of obstructive sleep apnea syndrome are snoring and excessive tiredness during the daytime.When most of these pauses in breathing occur when you lie on your
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MTBC to Acquire Assets of Orion Healthcorp That Could Increase Revenues by 50%
MTBC, a provider of cloud-based healthcare IT and revenue cycle management solutions has entered into an Asset Purchase Agreement ("APA") to acquire substantially all of the revenue cycle, practice management, and group purchasing organization assets of Orion Healthcorp, Inc. and 13 of its affiliate companies (together "Orion"), as the primary bidder in a Section 363 sale under the U.S. Bankruptcy Code. After the acquisition is closed, management expects the transaction would increase MTBC's
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