Novartis announced today that is has entered into an agreement to acquire AveXis, Inc., a clinical stage gene therapy company for $8.7 billion in cash. AveXis lead product candidate, AVXS-101, has potential to be first-ever one-time gene replacement therapy for spinal muscular atrophy (SMA), a disease which results in early death or lifelong disability with considerable healthcare costs. It is estimated that one out of every 6,000-10,000 children born is affected by some form of SMA.The US Food
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
Ferring Acquires Microbiome Platform Rebiotix
Ferring Pharmaceuticals, a research-driven, specialty biopharmaceutical group has acquired Rebiotix Inc., a late-stage clinical microbiome company focused on harnessing the power of the human microbiome to transform the treatment of challenging diseases. This acquisition brings together two innovative healthcare companies that share a common commitment to exploring and understanding the human microbiome to develop new solutions for patients. Rebiotix’s RBX2660 is a non-antibiotic treatment in
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SCI Solutions Acquires Digital Patient Engagement Company DatStat
SCI Solutions (SCI), a patient access and care coordination software company has acquired DatStat, a provider of patient engagement and digital health tools. The combination of SCI’s market-leading patient scheduling, referral management and revenue cycle software with DatStat’s digital self-service tools for pre-visit preparation, secure messaging, visit summaries and care plans, creates a complete patient access and engagement solution for patients to conveniently connect with their care teams
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Paperless Productivity Acquires WiseCLAIM to Expand Presence in Healthcare Claims Automation Market
Paperless Productivity, a workflow automation consultancy and systems integrator, has announced its acquisition of the WiseCLAIM platform from WiseTREND. Financial terms of the acquisition were not disclosed. WiseCLAIM was developed in response to the continued prevalence of paper CMS claims forms among healthcare payers, Third Party Administrators (TPAs), and billing services. By automating data extraction from CMS/HCFA/UB forms, it has become an integral tool for mid-market and large firms in
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HGS Acquires AxisPoint Health to Strengthen Clinical Services Segment
AxisPoint Health announced it has been acquired by Hinduja Global Solutions Limited (HGS), an international leader in business process management services. Backed by HGS, AxisPoint Health will continue to operate independently and further grow its care management services, including a 24/7 nurse advice line, and powerful tools for member identification, stratification and reporting. This acquisition follows last year’s acquisition of AxisPoint Health’s software platform by Medecision. AxisPoint
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GE Healthcare Unloads Value-Based Care Division for $1.5B in Cash
Veritas Capital (“Veritas”), a leading private equity investment firm has acquired GE Healthcare's Value-Based Care division for $1.05 billion in cash. GE Healthcare's Value-Based Care Division includes the Enterprise Financial Management (Revenue-Cycle, Centricity Business), Ambulatory Care Management (Centricity Practice Solution) and Workforce Management (formerly API Healthcare) assets. The healthcare technology space has been a key focus area for Veritas Capital, as illustrated by its
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GSK Acquires Novartis’ Consumer Healthcare Business for $13B
GlaxoSmithKline (GSK) has reached an agreement to acquire Novartis’ consumer healthcare joint venture for $13 billion. The acquisition will enable GSK’s shareholders to capture the full value of GSK’s Consumer Healthcare growth and is well positioned to deliver sales growth, operating margin improvements and attractive returns.Upon terms of the agreement, India remains a priority market for GSK investment and growth. The Consumer Healthcare business will continue to invest in growth
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Accruent Acquires Connectiv, Expands Healthcare Technology Management Leadership
Accruent, a provider of physical resource management solutions, has acquired California-based Connectiv, enhancing Accruent’s ability to meet the needs of clients in healthcare. This marks Accruent’s seventh company acquisition in the past twenty-four months to help clients have control and visibility across asset management solutions. Financial details of the acquisition were not disclosed. Connectiv is a rapidly-growing cloud-based, mobile-enabled software company that allows biomedical and
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Cognizant Acquires Bolder Healthcare Solutions to Expand Revenue Cycle Management Services
Cognizant today announced it has agreed to acquire Bolder Healthcare Solutions, Louisville, KY-based provider of revenue cycle management (RCM) solutions to hospitals, physician practices and other specialist healthcare organizations in the United States. Financial details of the acquisition were not disclosed and is expected to close in the second quarter of 2018.RCM software and processes integrate and automate healthcare administrative and medical data to ensure benefit eligibility and
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Health Insurer Cigna to Acquire Express Scripts for $67 Billion: 5 Things to Know
Cigna Corporation has acquired Express Scripts Holding Company in a cash and stock transaction valued at approximately $67 billion, including Cigna's assumption of approximately $15 billion in Express Scripts debt. The acquisition is expected to be completed by December 31, 2018.“Cigna’s acquisition of Express Scripts brings together two complementary customer-centric services companies, well-positioned to drive greater quality and affordability for customers,” said David M. Cordani, President
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