Evolent, which sells tools to help providers do value-based reimbursement and population health management and even start their own health plans, is paying $145 million for Valence Health, which does similar work. At least Evolent is using its over-valued stock for the deal and some cash.
Telemedicine vendor Teladoc tells all of us that it is planning to acquire HealthiestYou, which does mobile patient engagement.
Jun282016
McKesson is merging its health information technology business with ChangeHealthcare. It will receive cash of about $1.25 billion and will own around 70% of the combined company. ChangeHealthcare is in the revenue cycle management and analytics business and is owned by a PE firm.
Mednax, which owns and manages physician practices, has acquired revenue-cycle vendor Cardon Outreach to add to its services capabilities, and has also added physician practices in Minnesota.
Insurance exchange software vendor Connecture is buying competitor Connected Health. Connecture is an example of an overhyped technology company going public, with the obvious consequences. It went public at $9 and is currently trading at $1.27.
PE-owned MedAssets-Precyse, formed in a complex transaction, is acquiring Equation, a health care provider financial and clinical outcomes consulting firm.
Health care staffing firm Advanced Medical Personnel Services is acquiring Rise Medical Staffing.
https://www.pehub.com/2016/05/3331637/
May062016
MultiPlan, which offers PPOs and other cost containment services to self-funded employers, TPAs and smaller health plans, is being acquired by a PE firm.
PE firm Warburg Pincus is acquiring urgent care software vendor DocuTAP.
https://www.pehub.com/2016/05/3330402/
About this Blog
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.