- 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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Philips | News, Analysis, Insights - HIT Consultant
Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem to Accelerate Biomarker Discovery
- Paige raises $45M in Series B funding led by Healthcare Venture Partners with participation from Breyer Capital, Kenan Turnacioglu, and others. - The funding will be used to accelerate commercial efforts of its AI-native digital pathology ecosystem in the U.S., Europe, Brazil, and Canada. Paige, a NYC-based leader in computational pathology transforming the diagnosis and treatment of cancer, today announced it has closed its Series B funding round of $45 million, bringing the Company’s
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Regional Medical Center, Philips Forms 5-Year, $16M Diagnostic Imaging Partnership
- Philips and Regional Medical Center announce a 5-year, $16M long-term strategic partnership to deliver diagnostic imaging solutions to support patient care for residents of rural South Carolina. - The partnership gives community health system access to the same innovative Philips diagnostic imaging solutions of larger networks, bringing quality care closer to home and delivering on the Quadruple Aim.Regional Medical Center (RMC), the only acute care provider serving Orangeburg, Calhoun,
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Philips, Paige Partner to Deliver Clinical Grade AI Apps to Pathology Laboratories
- Philips and Paige form a strategic partnership to deliver AI-based cancer assessment tools are poised to help pathologists improve speed and accuracy of cancer diagnostics, ultimately leading to better patient care. - Philips IntelliSite Pathology Solution in combination with Paige Prostate aims to provide an intuitive digital & computational pathology workflow experience. Philips plans to offer the CE-marked Paige Prostate to European pathology labs in 2020.Philips today announced a
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MaxQ AI to Offer Intracranial Hemorrhage (ICH) AI-Powered Apps on Blackford Platform
- MaxQ AI and Blackford today announced that MaxQ AI’s FDA-cleared and CE Marked ACCIPIO ICH applications for stroke, traumatic brain injury and head trauma are now available on the Blackford Platform.- Fully integrated with existing systems, the Blackford Platform simplifies the implementation and management of multiple imaging applications and AI algorithms and reduces the load on PACS. - MaxQ AI now has distribution agreements in place with trusted CT OEMs, PACS software, and AI Ecosystem
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Philips, Humana Partner on 2 Pilot Programs to Improve Care for At-Risk Medicare Advantage Members
- Philips and Human collaborate on new pilot programs designed to help support independent living for at-risk Medicare Advantage members by providing 24/7 access to care. - Humana is identifying a pilot group of members with severe CHF. Philips is providing members with kits that include an interactive tablet that syncs data from connected measurement devices via wireless technology. - Humana is identifying members who are at-risk and offering them Philips Lifeline medical alert service,
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Inspira Health, Philips Forms $50M, 5-Year Partnership to Standardize Patient Monitoring
- Philips and Inspira Health announce USD 50 million, long-term strategic partnership to transform patient care for residents of southern New Jersey, U.S.- The partnership agreement will make Philips solutions available to more than a dozen Inspira health facilities including training and services to maximize operational efficiency.Inspira Health (Inspira), a charitable nonprofit healthcare organization and a regional leader in physician training has formed a $50M, five-year strategic
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Philips Unveils Next-Gen Enterprise Imaging Solution to Embed Intelligence Across Patient Journey
- Philips launches next-generation enterprise imaging solution designed to connect clinical capabilities and optimize workflows around every step in the patient’s journey.- The new enterprise imaging solution supports hospitals and imaging centers as they seek to connect and optimize performance, improving the patient experience, health outcomes, and staff experience, while lowering the cost of care.Royal Philips, today introduced its next-generation enterprise imaging solution that delivers a
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Philips Debuts AI-Driven Clinical Solution for Aiding Cognitive Assessment in the U.S.
- Philips IntelliSpace Cognition provides U.S. healthcare professionals with a powerful aid for assessing cognitive impairments due to neurological conditions.
- Philips has invested in collecting insights from both neurologists and neuropsychologists in order to design IntelliSpace Cognition in an iterative manner and ensure it fits into the majority of existing workflows.
- IntelliSpace Cognition will initially be commercially available only in the U.S.
Philips, a global leader in
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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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