Ontario Systems, a provider of revenue cycle management (RCM) and accounts receivable management (ARM) software and services provider has acquired Columbia Ultimate Business Systems (CUBS™). Based in Vancouver, WA, Columbia provides software and services to outsourced revenue cycle management (RCM) and accounts receivable management (“ARM”) firms as well as government clients. The acquisition will benefit both organizations’ customers through expanded product offerings and access to an even
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
MedData Acquires Revenue Cycle Company Cardon Outreach for $400M
MedData, a provider of patient-focused revenue cycle management services has acquired Cardon Outreach, LLC, an integrated revenue cycle management services provider for $400M. Once the acquisition closes, the combined companies will have 2,000 employees. Additionally, each entity will retain its brand and all current facilities will remain in place as they are today. Founded in 1996, Cardon Outreach provides revenue cycle management services and technology solutions focused on helping hospitals
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Hearst Acquires Majority Stake in Health Plan SaaS Company MedHOK
Hearst announced it has agreed to acquire a majority stake in Tampa-based MedHOK, Inc., a leading provider of software-as-a-service (SaaS) solutions for health plans offered by insurance companies, health systems and companies that administer drug benefits. Financial terms of the acquisition were not disclosed and the transaction is expected to close early this summer, subject to regulatory approvals.The announcement was made by Hearst President and CEO Steven R. Swartz, Hearst Business Media
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MedAssets-Precyse Acquires Healthcare Analytics Vendor Equation
MedAssets-Precyse has acquired Utah based healthcare analytics and consulting company Equation for an undisclosed sum. The acquisition will help MedAssets-Precyse enhanced its end-to-end healthcare financial and clinical business intelligence and analytics solution for the healthcare enterprise. Equation healthcare organizations with the analytic tools and consulting expertise to gain insights to improve healthcare delivery and patient satisfaction while strengthening financial and budgetary
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Israeli Digital Health Startup EarlySense Lands $25M for Contact-Free Monitoring
Israeli digital health startup, EarlySense, a contact-free continuous monitoring solutions provider, announced today that it has raised $25 million in funding, led by Israel’s largest bank, Bank Hapoalim. Pitango Venture Capital, JK&B Capital and other previous investors also participated in the round.The latest round brings the company's total funding to $100M including strategic investments from Samsung, Welch Allyn and Mitsui. The company will utilize the funding to scale its product
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IMS Health Acquires Canada-based Privacy Analytics
IMS Health has acquired Canada-based Privacy Analytics, a technology provider that enables healthcare organizations to unleash the value of sensitive data for secondary purposes without compromising personal health information. The acquisition will help IMS Health strengthen its robust Real-World Evidence (RWE) capabilities and advance the company’s ability to help life sciences clients drive R&D and commercial performance and demonstrate treatment value in real-world settings. MS Health
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iHealth Solutions Acquires Revenue Cycle Company DNA Healthcare
iHealth Solutions, LLC, a Louisville, KY-based healthcare software and services company has acquired the assets of revenue cycle management company DNA Healthcare Inc.(DNAH). The acquisition of the New-Jersey RCM provider will strengthen iHealth’s proprietary technology, as well as increase its customer base with major hospitals and clinics across the East Coast. iHealth Solutions provides revenue cycle management, practice management, credentialing and EHR services to small to large size
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Canary Health Acquires Mobile Stress Management Company bLife
Digital health self management company Canary Health(formerly DPS Health), announced it has acquired mobile stress management company, bLife, to round out its self-management suite that includes a CDC-recognized Diabetes Prevention Program (DPP) and the chronic disease online workshops from Stanford University's Patient Education Research Center. Financial terms of the acquisition were not disclosed. As part of the acquisition, bLife co-founder Paul Campbell has joined the senior management team
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Magellan Health To Acquire Armed Forces Services Corporation for $117.5M
Magellan Health, Inc., a provider of complex care and special population management, announced that it has entered into an agreement to acquire Armed Forces Services Corporation (AFSC) for $117.5M. The acquisition will enhance Magellan’s existing footprint in special population management within the military and veteran communities, as well as other federal agencies. Headquartered in Arlington, Va. AFSC has extensive experience providing and managing behavioral health and specialty services to
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M&A Expert Talks 4 Trends Emerging from the Health IT M&A Market
As Managing Director of SC&H Capital, an investment banking and advisory firm, Chris Helmrath knows M&A opportunities when he sees them. And in today’s HIT M&A market, he sees a rapid shift from mega mergers to middle-market acquisitions.In our interview, Chris—a 30-year veteran of buy- and sell-side healthcare transactions—discusses four key trends emerging from the evolving health IT M&A market, as well as what they mean for consultants and their clients. Trend No. 1. A More
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