EHR and practice management software vendor Allscripts is acquiring competitor Practice Fusion for $100 million in cash, starting a likely wave of consolidation among EHR vendors. Now that most systems and practices have an EHR, growth is solely to come from stealing from competitors, or buying them. Not good news in the long run for customers, who will face higher prices, and whose already dismal satisfaction with most of these products won't likely be improved.
Connecture, a public company which provides software that facilitates health insurance exchanges, is being acquired at a puny 35 cents a share by a private equity firm. This stock once traded at $12 a share. Should be a clear warning about the dangers of small companies going public.
Salo Solutions, a provider of health IT consulting and systems integration, is acquiring Delta Health, which offers software for home health care agencies and hospices.
Phillips health division is on an M & A tear, acquiring another health services company, this time VitalHealth, a population health management software company started in part by the Mayo Clinic.
Software vendor Net Health, which works for urgent care and rehab centers, wound care clinics and other specialized providers, is being sold by one PE firm to another one.
SimplaFYI is acquiring EthosWell. Both companies are in the "integrative" care business that used to also be called alternative care and often was referred to as quackery.
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.