Azalea Health, a fully-integrated web-based healthcare solutions and services provider, today announced the merger of Prognosis Innovation Healthcare, a Houston, TX-based EHR provider to rural and community hospitals. For Azalea, the merger of Prognosis inpatient solution will expand its presence into critical access and small community hospitals, and effectively deliver a complete continuum of care platform to an expanded rural market segment.Azalea Health now services thousands of ambulatory
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
Welltok Acquires Tea Leaves Health to Expand Growth in Hospital Market
Welltok, a consumer health enterprise SaaS company has announced the acquisition of Tea Leaves Health, a provider of a SaaS-based analytics and marketing technology platform used by hospital systems to target consumers and physicians with coordinated engagement campaigns. Financial terms of the acquisition were not disclosed. The acquisition will propel Welltok’s growth within the hospital market, while enriching its data assets and product portfolio to better serve all types of population
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Express Scripts to Acquire EviCore for $3.6B to Broaden Its Reach Beyond Prescription Drugs
Express Scripts, a St. Louis-based integrated pharmacy benefit management services provider, announced it has acquired eviCore healthcare, a provider of evidence-based medical benefit management services for $3.6 billion. For Express Scripts, the acquisition will combine its pharmacy benefit management offering and eviCore's highly complementary medical benefits management (MBM) platform to create a uniquely comprehensive patient benefit management solution. In addition, the acquisition of
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Avizia Acquires Virtual Care Provider Carena to Boost Telehealth Market Share
Telehealth provider Avizia has acquired Seattle-based leading virtual care provider Carena to reinforces its position as the largest and most comprehensive telehealth solutions partner for health systems nationwide. Founded in 2000, Carena designs and operates virtual clinics for health systems and provides access to care for more than 35 million consumers. Financial terms of the acquisition were not disclosed. As part of the acquisition, Ralph Derrickson, president and CEO of Carena will
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National Home Doctor Service Acquires Toronto-Based MD Home Call
MD Home Call (MDHC), a startup in connecting patients and physicians in the Greater Toronto area for doctor house call and visits has been acquired by Crescent Capital backed National Home Doctor Service (NDHS). This acquisition significantly expands the company’s leadership position in the home patient house calls industry.NDHS based is Australia’s largest network of home visiting doctors with offices in Canada. NDHS’ role is to provide treatment of acute, episodic illness and injury to
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WebPT Acquires Rehab Therapy Patient Relationship Platform Strive Labs
WebPT, a rehab therapy software platform has acquired StriveHub, a Boston, MA-based patient relationship management (PRM) platform specifically designed for rehab therapy providers. For WebPT, the acquisition of StriveHub will enable PTs to deepen relationships with patients and improve their practices' bottom line Financial terms of the acquisition were not disclosed. Developed by two physical therapists, StriveHub enables providers to develop automated email campaigns, collect and act upon
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Medecision Acquires AxisPoint Health’s Platform Business, Will Migrate 50 Clients to Aerial PHM Platform
Medecision, a provider of population health management solutions for risk-bearing entities has acquired of over 50 clients from AxisPoint Health. The acquisition includes clients that currently use CCMS and VITAL, recently rebranded as AXIS. AxisPoint Health’s services businesses, including CarePoint, GuidePoint, and Analytix, are not included in this transaction and remain under management by AxisPoint Health. Financial terms of the acquisition were not disclosed.Once the acquisition is closed,
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Paradigm Outcomes Acquires Surgical Management Solution ForeSight Medical
Paradigm Outcomes, a provider of medical management services for catastrophically injured workers, has acquired ForeSight Medical, a comprehensive suite of surgical management solutions in the workers’ compensation marketplace. Financial terms of the acquisition were not disclosed. As part of the acquisition, ForeSight Medical will operate as a wholly owned subsidiary of Paradigm and will maintain its separate brands. Clients will continue to receive exceptional service and unparalleled
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Generali Global Assistance Acquires Senior Caregiver Marketplace App CareLinx
Generali Global Assistance announced it has acquired CareLinx, a Silicon Valley-based nationwide, tech-enabled caregiver marketplace improving access to affordable, quality home care for families, large health systems, and insurance companies. Financial details of the acquisition were not disclosed. The company has raised a total of $5 million in funding to date. Founded in 2011, CareLinx professional caregivers leverage proprietary digital care plans to better assist the elderly, individuals
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10 Best Practices for Executing Successful M&A Deals in Healthcare IT
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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