Health Catalyst, the vendor of data analytics for health systems raised $182 million in its initial public offering, and promptly saw a 40% rise in the share price. Don't mean to rain on the parade but this is just an absurd valuation and while the VCs undoubtedly will do well, investors buying in the public market are due for a huge disappointment.
Large European conglomerate Philips has expanded its burgeoning health division by acquiring Medumo, which helps hospitals communicate with patients through text and email.
Phreesia ain't free, as the share price of the scheduling and patient intake software company climbed 40% after its initial public offering that raised $167 million for the company.
Vine Health, a UK company which uses artificial intelligence and behavioral science to improve the lives and outcomes of cancer patients, has raised about $1.4 million in new capital.
Convey Health Solutions, a provider of IT services and outsourcing for health plans providing Medicare Advantage and managed Medicaid packages, is being conveyed from one PE firm to another as New Mountain Capital acquires it from TPG.
DEARhealth, a vendor of data-driven, patient-centric pathways for care of patients with chronic illness, makes investors pay dearly to invest $6.8 million in the firm.
Wayfair, a general revenue cycle information technology company, has acquired Digitize Ai, which claims to have an improved process for prior authorization.
GNS Healthcare leads a precision strike on investor wallets, securing $23 million in new financing for its "precision" medicine software that supposedly gets the right treatment to the right patient.
Two companies involved in health care information sharing technology, Rhapsody and Corepoint Health, will make beautiful music together, as they merge into a single company.
Carenet Health, which claims to do patient engagement, telehealth and clinical support, is acquiring Citra Health, which offers administrative and clinical software to providers and health plans.
Net Health fishes up the best deal for Optima Healthcare Solutions, combining two providers of software for various providers, including specialty services and the post-acute care market.
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.