EXL, an operations management and analytics company has signed an agreement to acquire SCIO Health Analytics, a West Hartford Connecticut-based leading healthcare analytics solution and services company for $240 million, excluding adjustments for cash, debt, and working capital. SCIO has been focused on using next-generation analytics to help payers, providers, and life sciences organizations make the transition to value-based care, improve revenue, reduce financial loss, uncover fraud, waste,
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
SwipeSense Acquires Mobile App iScrub Lite for Recording Hand Hygiene Observations
SwipeSense, a Chicago-based healthcare technology company, today announced the acquisition of iScrub Lite, the leading mobile app for hand hygiene observation. Originally conceived and developed by the Computational Epidemiology Research Group at the University of Iowa, iScrub Lite was launched to simplify the time-consuming and error-prone process of recording hand hygiene observations and sharing the results with health care professionals. In fact, the CDC has recommended iScrub Lite as a part
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Livongo Health Acquires Disease Prevention Startup Retrofit
Livongo Health, a consumer digital health company that is empowering people with chronic diseases to live better has acquired Retrofit, a provider of innovative weight-management and disease-prevention programs that transform lives, workplaces and communities. The acquisition provides Livongo with a proven, evidence-based, Diabetes Prevention Program, enhances its data science capabilities, and boosts expertise in holistic weight management, including nutrition, exercise and mindset."Retrofit
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Novartis to Acquire Gene Therapy Provider AveXis for $8.7B in Cash
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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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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