3M's he*lth care bu*iness is aqui*ing M*Modal, which of*ers artificia* intel*ligence systems that he*p d*ctors c*eate *atient recor*s, for $1 bi**ion. Hope 3M isn't going **##!!&& after the deal closes.
Insight Telepsychiatry, which does what its name suggests, has been recapitalized, i.e., bought with management is keeping a small piece, by a PE firm.
https://www.harbourpointcapital.com/node/38
Jan092019
Medici, which offers an app for communication between providers and patients, is over the moon about its acquisition of Chiron Health (okay you get the joke, right, I mean you do know that Chiron is the moon of Pluto, oh never mind, that is Charon, but Chiron is a minor planet in the outer solar system) Chiron Health is in the telemedicine business and Chiron was the wisest and noblest of the Centaurs according to the Greeks, but what did they know, I mean look at their country today.
HealthGrades, which rates and provides other information on providers, fails to make the grade, acquiring Influence Health, which does something about web experiences for consumers.
Continuing a long voyage and continuing a run of PE firms exchanging companies, behavioral health provider Odyssey Health is being traded for around $200 million.
Change Healthcare, which really hasn't, is acquiring the blockchain-related assets of PokitDok (one of whose employees actually contacted me about a post in which I made fun of the name) to add to its software platform. Might have wanted to worry more about whether you had a real business than about people jabbing at your name.
A private equity firm which was the primary owner of BrightSpring Health, which offers a variety of home care and other services, is selling it to another private equity firm, an increasingly common form of transaction. BrightSpring will be combined with PharMerica, which primarily operates pharmacies in long-term care facilities.
Waystar, a revenue cycle management software company, is acquiring Ovation Revenue Cycle Services, which was owned by UPMC health system. Give them a hand.
Virgin Pulse, an untouched wellness company, which recently acquired RedBrick Health, puts another brick in the wall by acquiring Viverae, another wellness firm.
Medical device firm ResMed, which has largely focussed on respiratory health, is buying Propeller Health, which has an app and disease management program to help with breathing issues, for $225 million? Okay, if you say so.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.