Press enter to see results or esc to cancel.

Last Month in Digital Health M&A: October 2019

Market Watch / November 1, 2019 / Leave a Comment

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

Last Month in Digital Health M&AAppriss Health acquires OpenBeds behavioral health platform. The acquisition of OpenBeds helps Appriss Health to build on its efforts to address the complex and changing opioid crisis plaguing our communities through proven solutions for patient management and treatment. Appriss Health’s PMP Gateway managed solution is widely-deployed nationwide, and enables the integration into clinical workflow of a robust opioid stewardship platform. This platform includes multi-state prescription drug monitoring program (PDMP) information, data visualizations, analytics, the OpenBeds platform, and a host of other capabilities and resources valuable in supporting providers and patients in appropriate prescribing, pain management, and treatment clinical decision making. • read more.

RLDatix to acquire Quantros’ patient safety business. Quantros is a leading provider of quality and patient safety software for healthcare, with more than 800 hospitals and health system customers across the United States. As part of the transaction, all Quantros Safety Suite customers leveraging their safety solutions and modules will transition to RLDatix. Quantros staff focusing on the safety business will also join RLDatix to ensure no disruption in service or support for Safety Suite users. All other Quantros business units will continue to operate under the Quantros brand. • read more.

Singapore-founded Verita Healthcare Group acquires three digital health startups. Founded in 2015, Verita Healthcare Group is an integrated provider of preventative, personalized healthcare. It acquired: nBuddy, a chronic disease management app built in Singapore and primarily focused on supporting the needs of the huge Asian population; CelliHealth, a digital wellness app that enables users to capture and analyze data from offline health screenings and their everyday health and lifestyle data from sync’d mobile health apps and IOT devices to create health scores, reports and insights (to be rebranded to Verita Wellness); and Hanako, a mobile health check platform from Germany that uses portable, high-end medtech screening equipment together with cloud-based analytics and AI to provide a range of real-time health checks with detailed analysis, reports, health recommendations and doctor consultations. • read more.

Medtronic to acquire Israeli catheter developer AV Medical for $30M. Founded in 2012, AV Medical develops catheters for dialysis patients undergoing routine angioplasty procedures. The company has previously signed a distribution agreement with Medtronic for its Chameleon balloon catheter, cleared by the U.S. Food and Drug Administration (FDA) in 2015. The acquisition negotiations launched once AV Medical had demonstrated commercial potential and went on for months, the person said. AV Medical will continue to operate in Israel, and its ten employees will become part of Medtronic’s local team, the person said. • read more.

Cerner to acquire health IT firm AbleVets. AbleVets was founded as a Service-Disabled Veteran-Owned Small Business and focuses on the unique missions of federal health clients. It brings 350 professionals — many of whom are Veterans — specialized in cybersecurity, agile engineering, analytics and technology enablement to Cerner. These professionals have deep experience in delivering value to federal health clients, while reducing the time, cost and risk associated with IT modernization efforts. The acquisition of the Washington, DC area-based company will provide Cerner even greater scale and technical expertise in designing and implementing modernization solutions, particularly in the federal space. The companies expect to complete the transaction in the fourth quarter. • read more.

CHG Healthcare acquires physician credentialing company Modio Health. Modio Health is a cloud-based credentialing and career management solution for healthcare providers and organizations. Founded in 2014, Modio has more than 300 U.S.-based clients, including hospitals, medical groups, MSOs, revenue cycle firms, and pharmacies. The company has 30 employees and is headquartered in San Francisco and has an office in Virginia Beach. CHG on its end employs more than 3,000 people in ten offices in Utah, Florida, North Carolina, Connecticut, Michigan, California, and Oklahoma. • read more.

Amazon acquires Health Navigator. Founded in 2014 by emergency medicine doctor David Thompson, Health Navigator is known for providing online symptom checking and triage tools to companies that are looking to route patients to the right place. It will join the Amazon Care group, which is designed to serve as a medical benefit for employees and helps provide care virtually, through a video visit, and with home visits if additional care is needed. Financial details of the acquisition were not disclosed. Last year, Amazon acquired PillPack for $753 million. • read more.

NextGen acquires behavioral health solutions provider Topaz Information Solutions. With this acquisition, NextGen Healthcare is well-positioned to improve the delivery of integrated and collaborative care in the behavioral health market, potentially reducing the cost of caring for millions of Americans while improving outcomes. The purchase, which includes all assets of TopazIS, was completed the first week of October. All employees of TopazIS have joined the NextGen Healthcare team. The terms of the deal were not disclosed. • read more.

Siemens Healthineers completes Corindus acquisition. Siemens Healthineers AG completed the acquisition of 100 percent of Corindus Vascular Robotics, Inc. effective October 29, 2019. Prior to the closing of the acquisition, Corindus held a shareholders’ meeting on October 25, 2019, at which 87.5 percent of their stockholders approved the acquisition. The relevant governmental authorities previously granted the approvals required to complete the acquisition… The combination of Siemens Healthineers’ strong medical technology portfolio with its digital platforms and solutions, together with Corindus’ precision robotics platform, has the potential to transform healthcare delivery so that better care could be provided at a lower cost… Corindus is now part of the Advanced Therapies reporting segment. • read more.

Premier acquires Medpricer for $35M to optimize savings in purchased services. Medpricer is a software-as-a-service (SaaS) provider of technology solutions that enable hospitals and other organizations to analyze, benchmark and source purchased services contracts independent of any existing group purchasing organization (GPO) affiliation. Medpricer’s spend management platform uses machine learning to validate, compare and onboard purchased services suppliers; track and measure spend by category, supplier and facility; benchmark contracts terms to ensure competitive rates; set and manage specific savings targets; and manage contract compliance. • read more.

ettain group acquires Leidos’s commercial EHR consulting business. Leidos Health was originally formed through the acquisitions of Vitalize Consulting Solutions and MaxIT Healthcare in 2011 and 2012, respectively, and is a market-leading provider of EHR Implementation, Optimization and Go-Live services. The business has been carved out from Leidos Inc. and will be re-branded along with ettain group’s Healthcare IT practice as ettain health. Leidos Inc. retains a large Healthcare business that serves government and commercial customers… The acquisition will enable ettain group to further strengthen its national Healthcare IT capabilities and to grow its IT staffing presence in several strategic markets, including New York, NY, Denver, CO, and Chicago, IL. • read more.

Medecision acquires Philadelphia-based GSI Health. GSI Health is a SaaS provider of workflow, engagement and compliance solutions and related services. The GSI Health platform is used by some of the nation’s leading health systems to coordinate and optimize value-based care for more than one million beneficiaries, often operating under Delivery System Reform Incentive Payment (DSRIP) programs. Its clients include the largest public hospital system in the country and the largest Medicaid health plan in Oregon. The deal closed October 28, 2019; terms were not disclosed. • 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.

Get digital health content sent to your inbox, for free!