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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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
Availity Raises $200M to Fund Future M&A, Strategic Opportunities
Availity, provider of health information networks has closed a five year $200 million senior secured revolving credit facility, which allows for an additional $100 million of capacity when exercised. The debt financing will be used to fund future M&A and other strategic opportunities. “Over the past 18 months we have evaluated or observed a significant number of strategic opportunities and we do not expect this trend to abate in the foreseeable future. We now have increased flexibility to
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Telehealth Monitoring Provider VRI Acquires Healthcom
Valued Relationships, Inc.(VRI), a provider of telehealth monitoring solutions to seniors has acquired Sullivan, Illinois-based Healthcom to expand its footprint in senior care market. Founded in 1992 by CEO Ralph Kirk, Healthcom partners with healthcare providers to provide services that enhance the standard of care.From medical alert services and medication management to telehealth solutions and care transitions, Healthcom offers an integrated service to help reduce readmissions, improve
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Dr. Patrick Soon-Shiong’s Nantworks Acquires Majority Stake in St. Vincent & 5 Other California Hospitals
Billion physician Dr. Patrick Soon-Shiong announced that his company NantWorks, LLC, has acquired a majority stake in Integrity Healthcare, LLC, Verity Health System’s management company. Verity Health is a nonprofit healthcare system employing more than 6,000 staff statewide. For Nantworks, acquiring a majority stake creates a unique opportunity for collaboration to make Verity Health a leader in innovative healthcare delivery, including personalized patient-centered healthcare solutions for
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Roche Acquires Mobile Diabetes Management Platform mySugr
Roche has acquired mobile diabetes management platform mySugr to form a leading open platform for digital diabetes management. For Roche, the acquisition will allow the company to expand its position in the diabetes management market.As part of the acquisition, mySugr will remain as a separate legal entity with an open platform for all diabetes devices and services. Users will continue to have the ability to automatically upload blood glucose data from their preferred device into the mySugr
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Teladoc to Acquire Best Doctors for $440M in Cash and Stock
Telehealth provider Teladoc, Inc. has entered into a definitive agreement to acquire Best Doctors, an expert medical consultant company. For Teladoc, the acquisition will expand its international footprint and breadth of healthcare solutions. . By leveraging the proven portfolio of healthcare solutions from both Best Doctors and Teladoc, members will have one simple, virtual, patient-centric way to resolve their healthcare issues, improving outcomes and reducing costs.Under the terms of the
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Cognizant to Acquire Health Care Service Corporation’s Unit TMG Health
Cognizant has entered an agreement to acquire Health Care Service Corporation (HCSC) subsidiary TMG Health, a leading national provider of expert solutions for Medicare Advantage, Medicare Part D and Managed Medicaid plans. As part of the acquisition, TMG Health will continue to provide information technology, business process and other services to HCSC’s operating units and subsidiaries. The combination of capabilities from TMG Health and both Cognizant’s Digital Operations and Digital Systems
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Private Equity Firm GTCR Acquires Active Aging Provider GreatCall
Private equity firm GTCR has acquired GreatCall, a San Diego-based provider of active aging & independent living solutions, health apps, cell phones for seniors & medical alert devices. Financial terms of the acquisition were not disclosed and the transaction is expected to close in the third quarter of 2017.As part of the acquisition, GTCR will partner with CEO David Inns and the GreatCall management team as they continue to grow and develop the Company's technology and services
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TeraRecon Acquires Machine Learning Algorithm Platform McCoy Medical Technologies
TeraRecon, a provider of advanced visualization and enterprise medical image viewing solutions has acquired McCoy Medical Technologies, a developer platform and API interface for algorithm developers, partners and end users. Financial terms of the acquisition were not disclosed.Founded in 2016, McCoy facilitates the streamlined distribution and hospital implementation of evidence-based practices and trained machine learning algorithms via a vendor neutral distribution platform. The McCoy
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Mediware Acquires Kinnser Software to Expand Portfolio in Home Health & Hospice Market
Mediware Information Systems has acquired Austin, Texas-based Kinnser Software, a provider of software solutions for home health and hospice providers. Financial terms of the acquisition were not disclosed.Mediware, which was acquired by TPG in February, is a leading supplier of software as a service (SaaS) and other software platforms for non-acute care, human and social services, blood management and medication management. The acquisition of Kinnser enables Mediware to expand its portfolio in
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