What You Should Know: - SubjectWell, a patient access marketplace connecting individuals with chronic health conditions to healthcare options, has acquired PatientCentra, a company specializing in global patient recruitment and personalized recruitment journeys. Financial details of the acquisition were not disclosed. - This strategic acquisition enhances SubjectWell's capacity to serve patient recruitment needs for international clinical studies and further extends its
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Healthcare M&A | M&A News, Analysis, Insights - HIT Consultant
M&A: IKS Health Acquires AQuity Solutions for $200M
What You Should Know: - IKS Health, the premier global solution that revitalizes the clinician-patient relationship acquires AQuity Solutions, a tech-enabled clinical documentation, medical coding, and revenue integrity solutions for healthcare, as a wholly-owned subsidiary for $200M. - The combined company, which will operate as IKS Health, will have annual revenues of $330+ million, as well as a global workforce of over 14,000 employees serving over 150,000 clinicians in many of
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M&A: Commure Acquires Mount Sinai Spinoff Rx.Health
What You Should Know: - Commure, Inc., a healthcare technology company acquires intelligent clinical automation platform Rx.Health and is now part of its suite of solutions as Commure Engage. Financial details of the acquisition were not disclosed. - Spun out of Mount Sinai Health System, Rx.Health offers a low-code, no-code clinical care coordination platform that helps health systems, payors, and life science organizations streamline their end-to-end patient care efforts,
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Olive Shutters Business After Sale to Waystar and Humata Health
What You Should Know: - Healthcare automation company Olive today announced it will shut down its business after selling its Clearinghouse and Patient Access business units to Waystar and its Prior Authorization business unit to Humata Health. Olive sold off its utilization management solution and business unit to Availity and business intelligence solution to BurstIQ earlier this year. - Founded in 2012, Olive is a developer of an artificial intelligence workforce, automated
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M&A: Vizient Acquires Physician Preference Card Solution PrefTech OR
What You Should Know: - Vizient acquires PrefTech OR, a next-generation, cloud-based preference card management (PCM) software that helps healthcare providers optimize their operating rooms to increase workflow efficiency, lower costs and improve patient care. Financial details of the acquisition were not disclosed. - PrefTech OR continuously monitors preference card quality, automatically generates actionable guidance and identifies savings opportunities. Importance
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United Therapeutics to Acquire Miromatrix Medical for $91M
What You Should Know: - United Therapeutics Corporation and Miromatrix Medical Inc. announced today a definitive agreement for United Therapeutics to acquire Miromatrix for $91M. - The acquisition of Miromatrix will expand United Therapeutics’ existing complementary platform of organ manufacturing programs, which include ex-vivo lung perfusion, xenotransplantation, 3-D bioprinting, and regenerative medicine approaches with the objective of creating an unlimited supply of tolerable,
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M&A: PicnicHealth Acquires Rare Disease Platform AllStripes
What You Should Know: - Patient-centered health data company PicnicHealth today announced it has acquired AllStripes, a healthcare technology company dedicated to unlocking new treatments for people with rare diseases. Financial terms of the transaction are not disclosed. - Founded in 2017, AllStripes has developed a technology platform that generates research-ready evidence to accelerate rare disease research and drug development, as well as a patient application that empowers
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M&A: OptimizeRx to Acquire Medicx Health for $95M
What You Should Know: OptimizeRx, a provider of healthcare technology solutions announced it has signed an agreement to acquire Scottsdale, Arizona-based Healthy Offers, Inc., dba Medicx Health, a healthcare consumer-focused omnichannel marketing and analytics company. - OptimizeRx will acquire Medicx for $95M, and certain members of Medicx’s management plan to invest approximately $10.5M of their proceeds into the Company’s common stock. The cash component of the acquisition is
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Health M&A: Financial Distress Driving Q3 Healthcare Deals
What You Should Know: - More than one-third of hospital and health system transactions announced in Q3 2023 involved a party that cited financial distress as a transaction driver, according to Kaufman Hall’s latest mergers and acquisitions (M&A) report. The reports reveal third quarter M&A activity remained high with 18 announced transactions resulting in $8.2B in total transacted revenue. - Kaufman Hall experts say transaction activity is regaining momentum as hospitals,
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M&A: WellSky’s Acquires Corridor to Expand Medical Coding & RCM Services
What You Should Know: - WellSky, a health and community care technology company, announced it has acquired Corridor, an end-to-end tech-enabled services platform for the post-acute care industry, from HealthEdge Investment Partners. Financial detials of the acquisition were not disclosed. - By adding Corridor to its portfolio, WellSky will expand its medical coding and revenue cycle management (RCM) offerings to help care providers increase efficiency and improve performance
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