At the end of December 2020, Philips announced the planned acquisition of BioTelemetry for $2.8 billion in cash.
- BioTelemetry was formed in 2013 after a series of acquisitions from the initial founding company CardioNet, Inc.
- CardioNet, Inc. based in San Diego, USA was initially founded in 1994.
- After a multitude of acquisitions in recent years, BioTelemetry has established itself as a leading cardiac powerhouse, specializing in mobile and wireless medical technology. After this
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Wellcentive
Executive Hires: Walgreens Appoints New CEO, Cityblock Health, Innovaccer, Others
Walgreens appoints Rosalind (Roz) Brewer as the company’s Chief Executive Officer, effective on March 15, 2021. Brewer will also join the WBA Board of Directors upon assuming the role. She succeeds Stefano Pessina who, as previously announced, will transition to the role of Executive Chairman of the Board of WBA. Brewer, 58, will become the first Black woman to lead a Fortune 500 company.
Former Livongo President, Jennifer Schneider, has joined Cityblock Health’s Board of
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Analysis: Philips’ Evolution to a Pure-play Healthcare Technology Vendor
The last two-to-three years we have seen Philips complete its transformation into a pure-play healthcare technology vendor. It has reduced its interest in its remaining non-healthcare business Philips Lighting/Signify (now owning only a 16.5% share), made 16 healthcare technology acquisitions since the start of 2017 and organized its internal business units into three core healthcare technology segments, Personal Health, Diagnosis & Treatment and Connected Care. A few weeks ago, several of
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Healthcare M&A: Agfa to Consider Selling Health IT & Integrated Care Business
Last week Agfa announced its Board of Directors would investigate the sale of part of Agfa HealthCare, specifically, the business tied to its EMR and integrated care offerings. The facts are:· In March 2019, Agfa initially stated that it would further extend the independence of Agfa HealthCare.· It has now expanded on what this could potentially look like, stating it will explore selling is Hospital IT and Integrated Care solutions.· In terms of its reportable business this is largely the
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Healthcare M&A Analysis: Why Did Philips Acquire PHM Vendor VitalHealth?
Editor's Note: Alex Green is the Director and Principal Analyst at Signify Research, a UK-based market research firm focusing on health IT, digital health, and medical imaging. Alex is responsible for leading Signify Research’s Digital Health market intelligence portfolio, initially developing its coverage of the patient engagement platforms and portals marketPhilips announced on December 8th that it had acquired Dutch population health management (PHM) and eHealth platform provider VitalHealth
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Philips Acquires Mayo-Backed VitalHealth to Expand Population Health Management Offerings
Philips has acquired VitalHealth, a Netherlands-based provider of cloud-based population health management solutions for the delivery of personalized care outside of the hospital, for example, in regional care networks. Building on the acquisition of Wellcentive in 2016, the acquisition complements Philips population health management portfolio with advanced analytics, care coordination, patient engagement and outcome management solutions. Financial details of the acquisition were not
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CHRISTUS Health Expands Population Health Agreement with Philips Wellcentive
CHRISTUS Health, an international, Catholic, not-for profit health system has expanded the scope and duration of their alliance with Philips Wellcentive to aggregate and analyze data across all CHRISTUS Health through 2020. The expanded relationship now includes domestic population health management initiatives offering health plans to its total staff of 40,000 associates, and manages plan offerings on state exchanges.. Additionally, the the collaboration with Philips Wellcentive will explore
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Philips Acquires Wellcentive to Strengthen Its Population Health Business
Royal Philips has signed an agreement to acquire Atlanta, GA-based Wellcentive, a provider of population health management software solutions. Financial details of the acquisition will not be disclosed.Wellcentive and its 115 employees will become part of the Population Health Management business group within Philips. Tom Zajac, CEO of Wellcentive and an experienced healthcare industry leader, will be appointed to lead this business group.Philips-Wellcentive Integration PlansAs part of the
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What FHIR Means for Interoperability and Its Potential in Population Health
Is FHIR the answer to healthcare interoperability problem? A look at the new protocols potential and why it could enhance pop health efforts, with insights from Wellcentive’s Phillip Burgher.Health information technology’s (HIT’s) potential may be expanding, but so is the size of its greatest challenge and elephant in the room—interoperability. The industry is riding a wave of evolution fueled by digital connection, yet there has never been a greater disconnect when it comes to utilizing digital
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Wellcentive Unveils Volume to Value-based Care Calculator for Providers
Wellcentive, an Atlanta-based provider of value-based care solutions has launched a free tool to calculate the real cost of delaying the shift from public and private payer volume to value-based care (VBC) and reimbursement. The tool called the Cost of Inaction calculator helps organizations estimate the impact, based on national benchmark data for health services and the organization-specific data users submit, of delaying effective implementation and management of VBC practices.Why Now Is The
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