Parachute Health is developing software and processes to facilitate the ordering of durable medical equipment for patients and has raised $5.5 million in new capital to support that business.
Continuing a whirlwind of recent deals, probably meant to mask serious issues, Centene has made a significant investment in RxAdvance, a supposedly futuristic PBM, with the right to increase its stake in the future.
Large health care IT vendor Cognizant is buying Bolder Healthcare Solutions, which offers revenue cycle management software and services for about $108 million.
CentralReach, which provides EHR and practice management software for behavioral and speech therapy providers has received a new investment from a venture capital fund.
In yet another massive attempt to remake the health system, or at least change your declining fortunes, Cigna is buying PBM Express Scripts for $67 billion. This makes Cigna more like UnitedHealth and Aetna, if the CVS merger goes thru, in having a substantial stake in the pharmaceutical game, and it will whack UnitedHealth's OptumRx unit, as it currently works for Cigna.
Innovation, which has struggled to find profitability, is acquiring Ability Network, which provides various communication and administrative functionality for providers and payers, for a whopping $1.2 billion.
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.