Over the past couple of years, there have been around 200 merger and acquisition (M&A) deals in the healthcare IT space, driven by high enterprise value and the sheer size of the industry. 49 deals came together in the first quarter of this year alone. These numbers make health IT the highest performing industry in terms of M&A activity in the consumer and retail space, and the second highest in the infrastructure/industrial space.Between 2018 and 2019, we will see an insatiable need for
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
Private Equity Firm Acquires Pharmacy Automation Provider Capsa Healthcare
Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm has acquired Capsa Healthcare, a provider of mobile workstations, medication management products, and pharmacy automation solutions for healthcare settings. Financial terms of the acquisition were not disclosed.Formed through the integration of Capsa Solutions, Rubbermaid Healthcare, and Kirby Lester, Capsa Healthcare develops and manufactures Point-of-Care Workstations, Medication Management Solutions, and
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FNFV Acquires ED Clinical Documentation & Coding Vendor T-System for $200M
Fidelity National Financial, Inc. has agreed to acquire to acquire T-System Holdings ("T-System"), a provider of emergency department clinical documentation and coding solutions for $200 million in cash.Founded in 1989 by physicians Woodrow Gandy, M.D., and Rob Langdon, M.D., T-System provides emergency department documentation to advance care delivery and financial outcomes for episodic care. Through clinically-driven services and documentation solutions as well as charge capture and coding
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Google Acquires Mobile Health Monitoring Startup Senosis Health
Google has acquired Senosis Health, a Seattle, WA-based mobile health monitoring startup that develops apps to measure, diagnose, and manage diseases, GeekWire first reports. Co-founded by Prof. Shwetak Patel at the University of Washington’s (UbiComp) research lab, Senosis Health mobile apps collects health metrics to diagnose pulmonary function, hemoglobin counts and other critical health information.Together with four other clinicians, researchers and tech transfer experts, the company’s
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PatientPoint Acquires Oncology Waiting Room Provider Patient Education Network
PatientPoint, a provider of patient and physician engagement solutions at the point of care has acquired digital oncology waiting room provider, Patient Education Network (PEN) to expand its oncology footprint. Upon closing, the acquisition more than doubles the size of its oncology network by the end of 2018. This acquisition unites two patient-centered organizations that will now share the mission of making provider-patient engagements better at every critical touchpoint across all points of
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Allscripts Acquires McKesson’s Enterprise Information Solutions for $185M
Allscripts has entered into an agreement to acquire McKesson Corporation’s hospital and health system IT business, Enterprise Information Solutions for $185M in cash. The Enterprise Information Solutions portfolio includes Paragon (EHR solution); STAR and HealthQuest (Revenue Cycle solutions); Lab Analytics and Blood Bank; and OneContent (Content Management solutions).For Allscripts, the acquisition further advances Allscripts strategy to offer the most comprehensive, high performing health
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NextGen Healthcare Acquires EagleDream Health for $26M in Cash
NextGen Healthcare has acquired cloud-based analytics platform EagleDream Health for $26 million in cash to advance population health management through increased quality of care. Headquartered in Rochester, NY, EagleDream Health’s vendor-agnostic platform for managing value-based care empowers healthcare organizations with intuitive analytics and actionable intelligence to achieve successful population health management.For NextGen, the acquisition will enable NextGen Healthcare to enhance the
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Internet Brands to Acquire WebMD for $2.8B: 5 Things to Know
Internet Brands, a KKR portfolio company has agreed to acquire WebMD Health Corp. for approximately $2.8 billion in cash. The WebMD Health Network includes WebMD.com, Medscape.com, MedicineNet.com, eMedicineHealth.com, RxList.com, OnHealth.com, Medscape Education (Medscape.org) and other WebMD owned sites and apps.Here are five things to know about the deal:1. As part of the acquisition, Internet Brands will pay $66.50 per WebMD share to be paid in cash upon completion of the
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ABILITY Network Acquires Healthcare Payment Software Secure Bill Pay
Ability Network has acquired Secure Bill Pay, an Eagan, MN-based healthcare payment software provider that provides an all-in-one set of tools to enable providers to facilitate patient payment throughout the revenue cycle. Financial terms of the acquisition were not disclosed. As part of the acquisition, all of the company’s employees will join the ABILITY team.ABILITY provides apps and analytics that are integral in helping with revenue cycle management, clinical management and performance
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Quest Diagnostics Completes Acquisition of Med Fusion
Quest Diagnostics has announced the completed its acquisition of the laboratory businesses Med Fusion and Clear Point. Operating from a nearly 200,000 square foot facility in Lewisville, Texas, the two businesses form the basis for the company’s first national center of excellence in precision diagnostics for oncology. For patients with cancer, precision diagnostics, such as genomic sequencing of a tumor's DNA, may help a physician select a therapy or clinical trial and monitor response.In
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