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Last Month in Digital Health M&A: November 2019

Market Watch / December 2, 2019 / Leave a Comment

During the last month, we have caught the following digital health M&A deals…

Last Month in Digital Health M&AInsurance giant UnitedHealth acquires patient monitoring start-up Vivify Health. Founded in 2009, Vivify Health is transforming healthcare by replacing episodic approaches with a patient-centered, holistic connected care platform. The company delivers a cloud-based, device-agnostic, and ecosystem-connected remote care management platform — providing personalized care plans, biometric data monitoring, multi-channel patient education and functionality configured to each patient’s unique needs. It is already working with some of the nation’s largest health systems, healthcare organizations and employers — empowering clinicians to proactively manage the complexities of remote care and catalyzing employee health and productivity with a single-platform solution for all device and digital health data. Terms of the deal were not disclosed. • read more.

DAS Health acquires healthcare IT company Automated Medical Systems. Automated Medical Systems’ clients will now have a substantially improved value proposition, as DAS Health’s award-winning offerings are robust, including practice management and EHR software sales, support and hosting, revenue cycle management (RCM), managed IT services, security risk assessments (SRA), MIPS/MACRA reporting & consulting, mental & behavioral health screenings, chronic care management, and other value-based care solutions. The company is based in Valdosta, GA — with clients in Florida, Georgia, Tennessee, Texas and New York. This is DAS Health’s eight acquisition in 13 months, and part of the strategy to strengthens its position in the US healthcare technology space. • read more.

American Well acquires Aligned Telehealth to expand behavioral health virtual care. Aligned Telehealth is a leader in the provision of behavioral telehealth and telepsychiatry services to hospitals and health plans. Combining Aligned Telehealth’s ability to access a network of clinical experts with American Well’s digital care delivery platform, the companies will deliver programs that hospitals, health plans and the industry at large can leverage to address the mounting challenges of clinician shortages, fragmented care and societal stigmas impeding adequate behavioral health access and treatment. Terms of the deal were not disclosed. • read more.

NextGen Healthcare to acquire patient experience platform Medfusion for $43M. Medfusion Patient Experience Platform enables key aspects of patient-provider interactions. It includes a modern portal with an attractive, easy-to-use interface designed to run on any device. The platform includes powerful capabilities for patient intake, patient scheduling and patient payment capabilities and is used by more than 16 million patients today… The acquisition agreement provides for the acquisition of all of the outstanding equity in Medfusion, but will be subject to Medfusion transferring, prior to the closing, its data services business, which is in its infancy and will be transferred out of Medfusion as Greenlight Health. • read more.

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Health Prime International acquires Kareo’s managed billing services business. Kareo will now fulfill the growing demand for outsourced medical billing services exclusively through its leading network of over 1,500 medical billing company partners. This shift in strategy enables Kareo to increase its focus on building the industry’s leading cloud-based software platform for independent medical practices and the billing companies that serve them. • read more.

XSOLIS acquires clinical communication platform MEDarchon. Nashville-based MEDarchon was founded in 2012 with a specific goal in mind: to improve patient care and provider effectiveness by preventing silos in communication. MEDarchon offers real-time, unified clinical communication to better care delivery. Similarly, XSOLIS uses real-time clinical data and analytics to better healthcare operations. The acquisition was finalized on November 15, 2019. The financial terms of the deal were not disclosed. MEDarchon clients will experience no immediate change in service or support. • read more.

Elsevier acquires 3D4Medical, creator of 3D anatomy technology. Dublin, Ireland-based 3D4Medical created Complete Anatomy, the world’s most advanced 3D anatomy platform — revolutionizing how students, educators, health professionals and patients understand and interact with anatomy. With outstanding technology and design that pushes the boundaries of how people learn using advanced 3D visualization tools, Complete Anatomy has garnered more than a million registered users at more than 300 of the world’s top universities. The acquisition brings a world-class 3D technology platform to complement Elsevier’s brands and will further strengthen Elsevier’s health education offerings, improving learning outcomes for health students and professionals. • read more.

Please note that this list represents only the digital health M&A deals that caught our eye in the past month. There may be other deals we are not aware of or those which we don’t think fit the “digital health” category.

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