- From Google's acquisition of Fitbit to Philips acquisition of Carestream Health's health IT business, here is a look at some of the biggest health IT/digital health mergers & acquisitions in 2019 by each quarter.
Q1 M&A Activity
Johnson & Johnson Acquires Auris Health for $3.4B to Expand Digital Surgery Portfolio
Johnson & Johnson acquiresAuris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately-held developer of
Read More
Livongo
Express Scripts Launches First Digital Health Formulary for Apps & Devices
- Express Scripts launches its first digital health formulary that will allow employers and health plans to effectively manage a fast-growing segment of healthcare while improving access for patients.- Starting in January 2020, Express Scripts Digital Health Formulary will initially include 15 solutions for remote monitoring services and digital therapeutics that aid in the management of eight of the country's most common chronic conditions: diabetes, prediabetes, hypertension, asthma, pulmonary
Read More
Livongo Teams Up with MDLIVE & Doctor On Demand to Offer Telehealth Services
- Livongo announced a partnership with telehealth companies MDLIVE and Doctor On Demand to enable access to virtual acute and primary care services for people living with chronic conditions. - Livongo will begin by offering telehealth within the Livongo for Behavioral Health solution in January 2020 and will soon expand to additional use cases including medication management for diabetes, hypertension, and other opportunities to effectively close gaps in care. Livongo Health, an Applied Health
Read More
BCBS Kansas City to Offer Livongo for Diabetes Program to All Fully Insured Clients
- Livongo announced an expanded partnership with Blue Cross and Blue Shield of Kansas City to provide Livongo for Diabetes program to all Blue KC fully insured clients. - Blue KC was an early Livongo adopter and this expansion provides momentum as we continue to expand from working primarily with self-insured employers to broader markets including fully insured populations of our health plan clients.Livongo Health, Inc. (Nasdaq: LVGO), an Applied Health Signals company empowering people with
Read More
Livongo, VSP Vision Care Partner to Improve Eye Care for People Living with Diabetes
- Livongo announced a partnership with VSP Vision Care to offer mutual Members resources and insights to manage chronic conditions and vision care on one platform. - People with diabetes and prediabetes have an increased risk of vision complications and vision loss and by offering them resources to better manage their eye health on the Livongo platform, we can effectively close gaps in care. Livongo Health, Inc., an Applied Health Signals company empowering people with chronic conditions to live
Read More
Livongo Inks $50M Diabetes Contract Through Federal Employees Health Benefits Program (FEHBP)
- Livongo has been awarded a contract to provide the Livongo for Diabetes solution to eligible members covered by the Federal Employees Health Benefits Program (FEHBP ) under one health plan.- The contract is Livongo’s biggest contract in company history and will account for $20-25M in revenue in 2020 and $30-35M in revenue for 2021, representing a total of $50-60M including both years.- The announcement reflects Livongo’s overall market traction and how they are expanding from working primarily
Read More
Q3 2019 Digital Health Funding Levels Off At $1.3B, Rock Health Reports
- New Rock Health report finds digital health funding reaches $1.3B in Q3 2019 for a total of $5.5B year to date. - Large digital health funding round are driving the overall funding trend in digital health with the average deal size at $20.9M, in line with 2018’s $21.7M average deal size. - Rock Health projects the number of digital health deals in 2019 will be 5-10% lower than in 2018.Digital health funding reached a total of $1.3B in Q3 2019 for a total of $5.5B year to date, leveling off
Read More
Livongo, Pager, Wildflower Health, Others Name BCBS Data Innovation Challenge Finalists
The Blue Cross Blue Shield Association (BCBSA) and Blue Health Intelligence® (BHI) has announced the finalists of the BlueCross BlueShield Data Innovation Challenge developing solutions that increase access to care, enhance patient engagement, and improve care delivery and outcomes. The selected finalists will receive access to a limited HIPAA-compliant Blue Health Intelligence (BHI) dataset so they can test their hypotheses.5 BCBS Data Innovation Challenge FinalistsThe five finalists were
Read More
Livongo’s Q2’19 Revenue Reaches $41M, Up 156% Y-o-Y
- Livongo reports Q2 19 total revenue of $40.9 million, up 156% year-over-year- 192,934 enrolled Livongo for Diabetes Members, up 140% year-over-year with 38,170 new Livongo for Diabetes Members in Q2- Total Contract Value of $74.2 million, up from $24.8 million in the second quarter of 2018. Livongo Health, Inc. (NASDAQ: LVGO), an Applied Health Signals company empowering people with chronic conditions to live better and healthier lives, today announced financial results for its second quarter
Read More
The Drought is Over: It’s Raining Health IT IPOs
Three venture-backed health IT companies completed IPOs in July, ending an almost three-year drought of health IT IPOs. Share prices soared following each IPO, indicative of the enthusiastic response and a desire to see more health IT companies make their way toward public debuts. Composition of revenue, gross margin, and growth are key differentiators between these and all companies and key drivers of valuation. Given the enthusiastic shareholder response to these listings, we
Read More
