What You Should Know:
- Health insurer Anthem
is in late-stage negotiations to acquire home healthcare benefits manager CareCentrix, according to PE Hub.
- PE Hub reports
that customer concentration issues have been a factor in negotiations; however,
the deal is far from certain.
- Backed by growth private equity firm Summit Partners, East Hartford, CT-based
CareCentrix provides specialty benefit management services to health plans,
improving quality and reducing costs in several
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Healthcare Private Equity | PE | M&A| News, Analysis, Insights
Former KKR Vet Jim Momtazee Launches Healthcare Investment Firm, Patient Square Capital
What You Should Know:
- Former KKR veteran Jim Momtazee announced the launch of
Patient Square Capital, a partnership being purpose-built to become the
preeminent investment firm in healthcare.
- Patient Square will partner with best-in-class
management teams whose products, services, and technologies improve
health.
- Prior to Patient Square, he spent over 21 years
at KKR, initially joining in 1996. He helped establish the firm’s health
care industry group in 2001 and
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Waystar Acquires Medicare RCM Company eSolutions at $1.3B Valuation
What You Should Know:
- Revenue cycle management provider Waystar acquires eSolutions, a provider of Medicare and Multi-Payer revenue cycle management, workflow automation, and data analytics tools at a $1.3B valuation.
- The acquisition will create the first unified
healthcare payments platform with both commercial and government payer
connectivity, resulting in greater value for providers.
Waystar, a provider of healthcare payments software, today
announced a definitive agreement
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Eden Health Lands $25M to Bring On-Site and Virtual Care To Employers, Commercial Real-Estate
What You Should Know:
- Eden Health raises $25M to give employers and
commercial real estate owners and operators the ability to offer medical care on-site,
near-site, and virtually.
- Eden’s membership model makes high-quality healthcare an affordable benefit for the average employer, with low to no out-of-pocket costs for their employees.
- Since the first signs of the US coronavirus outbreak in
early February, Eden Health has worked with Boylan Bottling, Connell, Convene,
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Analysis: July 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 July 2020.
While a pandemic ravages the country, technology valuations are soaring. The Nasdaq hit an all-time high during the month of July, sailing through the 10,000 mark to post YTD gains of nearly 20%, representing a 56% increase off the low water mark on March 23. More notably, the Nasdaq has outperformed
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Greenway Health Taps AWS to Develop Cloud-Based, Data Services Platform
What You Should Know:
- To help meet the needs of ambulatory care practitioners in a post-COVID environment, Greenway Health, a leading health information technology, and services provider, today announced a new strategic partnership with Amazon Web Services (AWS).
- Leveraging AWS cloud services, Greenway is developing a
new cloud-based, data services platform, Greenway Insights, that creates new
data insights and healthcare interventions to advance the breadth of Greenway’s
products and
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HGP Semi-Annual Health IT Market Review: 6 Key Trends to Know
Healthcare Growth Partners, an
Investment Banking and Strategic Advisory firm exclusively focused on the
transformational health
IT market, today announced the release of its Semi-Annual Health IT Market
Review report that summarizes M&A and private equity activity across health
IT, health information services, and digital health.
Report Background/Methodology
This edition of the report includes feedback from our survey
of private equity professionals and their response to
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Top 4 Disruptions Healthcare Providers Should Prepare to Address
The past few years have been particularly interesting for the healthcare landscape. We’ve seen a surge in telemedicine and retail clinics, increasing use of personal healthcare devices such as watches and fitness trackers, aggressive attempts to dismantle the ACA, the growing influence of private equity investment firms, and massive mergers with disruptive enterprise market entries such as Amazon. As the ground beneath them continues to shift, many providers are venturing into new territory to
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Kyruus Raises $30M to Expand Provider Search and Scheduling Solutions
What You Should Know:
- Kyruus, a provider search and scheduling solutions company raises $30 million in new funding from Francisco Partners, a technology-focused private equity firm.
- Kyruus will use the investment to expand its patient access platform to help health systems enhance the patient experience, both during and beyond the COVID-19 pandemic.
Kyruus, a Boston, MA-based suite of provider search and scheduling solutions for health systems, today announced
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Report: State of Health IT Private Equity in the Era of COVID-19
In May, as the U.S. cautiously started to reopen amid intense controversy, HGP polled hundreds of private equity funds across all stages of investment to find out how COVID-19 has impacted deal flow. Eighty respondents provided their perspective on topics ranging from an appetite for new investments to access to debt to the impact on portfolio companies.
Respondent Demographics
Effect of COVID-19 on Valuations
When asked how they expect overall and Health IT valuations to behave in
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