Connecture, a public company which provides software that facilitates health insurance exchanges, is being acquired at a puny 35 cents a share by a private equity firm. This stock once traded at $12 a share. Should be a clear warning about the dangers of small companies going public.
Genome Medical, which offers assistance on the use of genetic information to physicians and patients through a telemedicine platform, has raised an initial round of $23 million in capital.
Salo Solutions, a provider of health IT consulting and systems integration, is acquiring Delta Health, which offers software for home health care agencies and hospices.
Phillips health division is on an M & A tear, acquiring another health services company, this time VitalHealth, a population health management software company started in part by the Mayo Clinic.
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.