Xerox, through its ACS division, has acquired ISG Services, a large workers' compensation program vendor which includes StrataCare and Bunch, for $225 million.
Linden Care, a pain management specialty pharmacy and portfolio company of BelHealth, is acquiring Quick Care to expand its presence to the West Coast.
KPMG is buying Zannet Commercial Solutions, which provides health care information technology consulting to the health care industry, according to the Wall Street Journal.
Private equity firm Genstar Capital is apparently going to sell Evolution1, a consumer-directed health plan payments company, for $535 million to WEX, Inc., a large publicly-held credit card company.
Jun172014
Technology implementation consultant Cumberland Consulting Group is buying Cipe Consulting Group, expanding its West Coast Presence and gaining more EHR and revenue cycle software expertise.
Medtronic, one of the world's largest medical device makers, will get even bigger by buying Covidien for $42 billion. Medtronic will also technically move its headquarters to Ireland, getting a large tax benefit.
Intermedix, a vendor of revenue cycle management and administrative services, has acquired the billing division of T-Systems, which provides billing services for ERs.
The Long Term Care Group, which was owned by UnitedHealth Group at one point, has been acquired by Stone Point Capital. LTCG administers long-term care insurance policies.
NetHealth, which provides EMR and office management software to outpatient specialty departments, has acquired ReDoc, which helps therapists with documentation and billing.
Ebix, a large vendor of health care software development services, has acquired Healthcare Magic, a provider of online physician advice, to advance its telemedicine strategy. The purchase price was $6 million upfront with the potential for up to $12 million in earn-outs.
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.
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.