What You Should Know: - Remodel Health announced today the acquisition of PeopleKeep, a leading provider of Individual Coverage Health Reimbursement Arrangements (ICHRAs). Financial details of the acquisition were not disclosed. - The acquisition marks a new era in employee health benefits. By combining industry-leading expertise, diverse solutions, and a commitment to personalized service, Remodel Health is positioned to revolutionize the way SMBs approach employee health and
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
How Physician Groups Can Fight Back Against Private Equity
As a society, we should all be concerned about the increasing rate at which private equity firms are acquiring physician groups. Over the last decade, private equity firms have invested nearly $1 trillion in approximately 8,000 healthcare deals, encompassing a wide spectrum of medical services, from fertility clinics to neonatal care, primary care to cardiology, hospices, and everything in between. The consequence? Healthcare has shifted towards a profit-driven model where physicians have
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CentralReach Acquires Social-Emotional Learning Provider SILAS to Expand Education Suite
What You Should Know: - CentralReach, a leading provider of Autism and Intellectual and Developmental Disabilities (IDD) software, announced the acquisition of SILAS, a company specializing in social and emotional learning (SEL) and behavior solutions for PreK-12 education. - By combining SILAS's expertise in SEL and behavior with CentralReach's existing strengths in Autism and IDD support, the company is well-positioned to empower schools and educators in nurturing well-rounded and
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Virgin Pulse & HealthComp Rebrands as Personify Health
What You Should Know: - Virgin Pulse and HealthComp, following their November 2023 merger, have officially unveiled their new brand: Personify Health. - Personify Health leverages the combined expertise of Virgin Pulse and HealthComp, drawing upon decades of experience and global operations. - New Mountain Capital holds a majority stake in Personify Health, with additional support from Blackstone, Marlin Equity Partners, and Morgan Health. Beyond Siloed Systems: A Holistic Approach
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Chartis Acquires HealthScape Advisors to Strengthen Payer Expertise
What You Should Know: - Chartis, a healthcare advisory firm, announced today the acquisition of HealthScape Advisors, a prominent healthcare payer consulting firm from Convey Health Solutions (Convey), a healthcare technology and services company. The divestiture allows Convey to singularly focus on its plan administration, supplemental benefits, and Pareto Intelligence offerings, accelerating its strategy and strengthening its market position as a leading technology partner to health
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Inovalon Acquires VigiLanz, Expanding Reach in Clinical Surveillance and Patient Safety
What You Should Know: - Inovalon, a provider of cloud-based healthcare data analytics solutions, announced today the acquisition of VigiLanz, a prominent provider of SaaS-based clinical surveillance and patient safety software. - This acquisition signifies Inovalon's commitment to driving innovation and empowering healthcare stakeholders with data-driven solutions. By integrating VigiLanz's expertise, Inovalon aims to enhance patient safety, optimize healthcare costs, and ultimately
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Fabric Acquires Conversational AI Care Assistant GYANT
What You Should Know: - Fabric, a leader in healthcare experience optimization, has announced the strategic acquisition of GYANT, a company specializing in conversational AI care assistants and patient engagement suites. - The acquisition of GYANT positions Fabric as a leading force in the digital transformation of healthcare. Their comprehensive suite of solutions is already attracting progressive healthcare providers and innovators, like OSF Healthcare, who are looking to reimagine care
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Invitae Sells Reproductive Health Assets to Natera for Up to $52.5M
What You Should Know: - Invitae (NYSE: NVTA), a medical genetics company, announced the completion of its sale of certain reproductive health assets, including carrier screening and non-invasive prenatal screening (NIPS), to Natera (NASDAQ: NTRA). - The transaction is valued at up to $52.5M, comprised of cash, milestone payments, and litigation credits. Streamlining Focus on Oncology and Rare Disease This strategic move streamlines Invitae's operations and allows them to focus their
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Hospital and Health System M&A in 2023: Financial Distress Drive Market Reorganization and Partnerships
What You Should Know: Hospital and health system mergers and acquisitions activity in 2023 was driven by increased pressure on operations and finances, according to Kaufman Hall's latest analysis of healthcare transactions. The report reveals momentum around mergers and acquisitions continued throughout 2023 with 65 announced transactions, up from 53 in 2022. Financial distress was cited as a factor or was otherwise evident in 28% of announced transactions last year,
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PointClickCare Acquires American HealthTech, Expands Senior Care Reach
What You Should Know: - PointClickCare, a healthcare technology platform for senior care, has announced the acquisition of American HealthTech (AHT), a prominent provider of electronic health records (EHR) and related services for the post-acute care market. Financial details of the acquisition were not disclosed. - The strategic move strengthens PointClickCare's position as a comprehensive care continuum solution and marks a significant step forward in their vision of transforming the
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