Human Longevity (now there's a name that hopefully won't be long-lived), I am not even going to try to explain their business but is basically risk prediction for individuals, is acquiring DoctorsForMe, which supposedly matches patients with the doctor who can best treat them.
Evive, which offers some kind of health management platform, has acquired WiserTogether, which gives patients treatment guidance. Evive will use the "r" in the acquired company's name to "revive" itself. Now that is funny.
Brain Lab, a vendor of digital medical technology, gets smart, as it intelligently acquires VisionTree, which offers data collection and patient management software, and 000hhhh, it's cloud based.
Virgin Pulse, an employee wellness firm, throbs with love for Blue Mesa, a digital diabetes wellness platform, although that fondness may plateau after a while.
Massimo, which provides devices for monitoring, is acquiring NantHealth's division which offers software and services around interoperability and data connections for medical devices, for about $47 million.
Telemedicine vendor Teladoc is acquiring InTouch Health, a competitor, for $600 million. For that price it gets only about $80 million in revenue. This is a typical trajectory and one that should concern investors. Telemedicine has potential and can add value to the system but it is highly hyped. So companies feed on that hype, get a high value, can't really generate the revenue, or certainly the profit expected, and then start doing acquisitions to divert attention and try to create something that can generate a return.
Medicaid health plan Molina is acquiring NextLevel Health Partners, a Chicago-based Medicaid plan with around 50,000 members. The purchase price was about $50 million.
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.