- 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
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NextGen
NextGen Acquires OTTO Health to Expand Telemedicine Capabilities
- NextGen Healthcare acquires telehealth platform OTTO Health to expand its patient engagement capabilities with integrated virtual visits. - NextGen plans to integrate OTTO Health’s telehealth platform with their recently acquired Medfusion patient experience platform.NextGen Healthcare, Inc., a provider of ambulatory-focused technology solutions, announced an agreement to acquire OTTO Health (“OTTO”). The proposed acquisition is expected to close this month, subject to the satisfaction of
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The Evolution of EHR Workflows: From Counterintuitive to Intuitive Tools for Care
I recall a patient who was drinking heavily, who I was unable to meaningfully convince to reduce his alcohol consumption. He felt that his drinking was no different than his work colleagues and that he did not need to make any changes. When his labs returned, not surprisingly, his GGT and AST were elevated. I turned the screen and showed him the results as well as the upward trending of the result’s graph. He didn’t say much but was clearly taking it all in. When we met next, he
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Analysis: November 2019 Health IT M&A Activity, Public Company Performance
– Healthcare Growth Partners' (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of November 2019We did a doubletake when we noticed all of the HGP healthcare indices climbed approximately 10% during the month of November. Year-to-date, the S&P 500 is up over 25% and the HGP healthcare indices are all hovering in that range. In the two month period since September, when talk of universal healthcare reached
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NextGen Acquires Medfusion for $43M, Spins Out Data Services Business to Form Greenlight Health
- NextGen Healthcare announced today it has agreed to acquire Medfusion for $43 million in cash to give its clients a better patient engagement platform. - Medfusion will spin out its data services business to form Greenlight Health to meet the growing need for patient-initiated health data retrieval. - Greenlight Health will be focused on driving data flows for patients, consumers, businesses and organizations that need ready access to patient-approved data housed across a wide variety of
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Research: October Health IT M&A Activity, Public Company Performance
- Healthcare Growth Partners (HGP) summary of Health IT/digital health merger & acquisition (M&A) activity, and public company performance during the month of October 2019
During the month of October, Health IT continued its evolution into an amorphous market that is increasingly trending away from a specialized niche of healthcare and into a key component of larger sectors such as Enterprise Software, HR Administration, Insurance, Care Delivery, Suppliers, and BioPharma.
The
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NextGen Acquires Behavioral Health Solutions Provider Topaz Information Solutions
- NextGen Healthcare acquires Topaz Information Solutions, a provider that develops custom healthcare technology solutions for behavioral health and social services organizations.- The acquisition will strengthen NextGen’s market penetration in the behavioral health market.NextGen Healthcare, a provider of ambulatory-focused technology solutions announced it has acquired Topaz Information, L.L.C., known as Topaz Information Solutions, a healthcare solutions company dedicated to meeting the needs
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University Hospitals Health System to Deploy NextGen Population Health Platform
- University Hospital Health System has selected NextGen to deploy their population health platform to help enhance patient care. - NextGen Population Health platform aggregates and analyze patient data, and drive meaningful insights across clinical, financial and administrative data.University Hospitals Health System, a health system based in Northern Ohio has selected NextGen to deploy their NextGen Population Health platform that identifies gaps in care and enhances proactive patient health
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Rite Aid’s New CEO, CommonSpirit Health Appoints First Chief Information and Digital Officer, Geisinger’s Chief Nursing Exec, Other Health IT Appointments
Rite Aid Corporation appoints Heyward Donigan as Chief Executive Officer (CEO) and a member of the Board, effective immediately. John Standley will step down from his role as chief executive officer. Prior to joining Rite Aid, Donigan served as the president and chief executive officer of Sapphire Digital (formerly Vitals), which designs and develops omnichannel platforms that help consumers choose their best-fit healthcare providers.
Since 2015, Donigan lead Sapphire Digital's strategy and
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NextGen Office EHR Integrates with Appriss Health to Combat Substance Use Disorder
NextGen Healthcare, Inc., a provider of ambulatory-focused technology solutions, announced today that it has integrated Appriss Health prescription monitoring and tracking analytics into NextGen Office, the company’s cloud-based, small practice electronic health record (EHR) solution. These enhanced capabilities enable providers to more effectively prescribe and dispense controlled substances. The technology also maximizes patient health and safety by checking state records for controlled
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