1) COVID-19 Has Driven Revenue Up 77% The headline revenue data (summarised below) provides very positive news for AmWell and its new investor, Google. Notably: - Even prior to COVID-19, the company was growing well with revenues increasing by 31% in 2019 compared to 2018. - This rate of growth has accelerated in 1H20, with overall revenue up 77% in the same period in 2019. - The 2019 growth was partly driven by a small increase in the number of health plan subscription customers and
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Signify Research | Healthcare Technology Market Intelligence
Why International Expansion Must Remain a Priority for Cerner, Epic, Allscripts, MEDITECH
What You Should Know: - How the top US acute EHR vendors, namely Cerner, Epic, Allscripts, and MEDITECH (+85% share of US acute market in terms of revenues), have progressed on international expansion. As highlighted below, there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $650M in 2019, representing 12% of its business. Whilst MEDITECH has considerably lower revenue than
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M&A Analysis: 3 Benefits of Siemens Healthineers’ $16.4B Acquisition of Varian Medical
What You Should Know: - Siemens Healthineers and Varian Medical announce a $16.4B deal in an all-cash transaction on 2nd August 2020. - Deal expected to close in 1H 2021. - Varian Medical will maintain its brand name and operate “independently” - Siemens AG will drop holding in Siemens Healthineers from 85% to 72% as part of the transaction. News of the deal between Siemens Healthineers and Varian Medical will have caught many industry onlookers off guard on Sunday evening.
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M&A Analysis: Mednax to Sell its Radiology and Teleradiology Business
Earlier this month saw Mednax announce significant plans to transform its business. Mednax intends to: - Sell its Mednax Radiology Solutions business, which includes its radiology groups and the teleradiology market leader Virtual Radiologic (vRad). - Reposition itself as a dedicated pediatrics and obstetrics business, including a return to its original company name, Pediatrix Medical Group. Mednax made its entrance into the radiology business following the $500m acquisition of vRad in
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COVID-19 and Its Global Impact on Primary Care Virtual Consultations
Last week saw Teladoc Health release its 1Q20 financial results giving the US telehealth industry a first glimpse of how COVID-19 is impacting the ambulatory virtual care market. Discussion around the crisis and its impact on telehealth has been rife since early March and the data published by Teladoc Health highlights that this was justified. The company reported that the number of virtual care consults in the quarter had passed the 2 million mark, up approximately 60% from the 1.24M
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Analysis: Applying AI in the Fight Against The Coronavirus
Drug discovery is a notoriously long, complex and expensive process requiring the concerted efforts of the world’s brightest minds. The complexity in understanding human physiology and molecular mechanisms is increasing with every new research paper published and for every new compound tested. As the world is facing a new challenge in trying to both adapt to and defend itself against the coronavirus, artificial intelligence is offering new hope that a cure might be developed faster than ever
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TeraRecon Acquired by SymphonyAI: What is the Impact for Medical Imaging Market?
On the 4th March 2020, TeraRecon announced it had signed an agreement to be acquired by the SymphonyAI Group. Here are the facts of the deal, followed by our take on the potential impact on the medical imaging market: - The terms of the deal were not disclosed and TeraRecon will continue to operate business as usual. However, it will benefit from greater financial backing and the synergistic technologies from other companies in the Group’s portfolio. - TeraRecon is an Advanced
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The Many Faces of AI in Clinical Trials
AI is being applied in several aspects for the clinical trial process today. From analyzing real-world data and scientific information to providing improved patient stratification and predictive outcomes, and assisting with different aspects of clinical trial operations. Here are some of the technologies using AI and machine learning in the clinical trial space today, outlining how they fit within the clinical trial ecosystem and discuss the impact on future clinical trial designs. The
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Hg Takes Majority Holding in Intelerad: 3 Major Implications to Know
- On 23rd Jan 2020, Hg Capital announced it had agreed to acquire a majority stake in imaging IT software vendor Intelerad Medical Systems from previous majority stake owners Novacap. - The founders, management and employee shareholders at Intelerad will be reinvested, with Novacap remaining as a minority shareholder. - The company has undergone significant growth in the last four years, announcing a USD75m R&D program in 2019 and acquiring imaging IT workflow specialist Clario Medical
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Dedalus to Acquire Agfa’s HCIS Business: Impact on European EMR Market
Yesterday Agfa announced it had entered exclusive negotiations with Dedalus Holding to sell part of its Healthcare IT business, specifically the business tied to its EMR and Integrated Care offerings. The facts are:- In May 2019 Agfa stated it would explore selling its Hospital IT and Integrated Care (HCIS) solutions business.- This process was brought a step forward towards the conclusion yesterday with the announcement that the deal (valued at €945M) would be completed during Q2 2020, and
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