Today, a tale of two markets are seen in healthcare mergers and acquisition: the present (as reflected in the data about declining dealmaking) and the future (reflected in the increasingly positive outlook by dealmakers).
While deal data can vary according to how it is defined and who is reporting, it has declined substantially across the board since the high-water mark in late 2021 and early...
Employer-focused digital mental health company LifeSpeak announced its plans to buy wellness platform Wellbeats for a whopping $92.5 million.
This news comes roughly a year and a half after LifeSpeak scored $42 million in equity investment.
Wellbeats is focused on providing virtual fitness, nutrition and mindfulness courses to its members. The service is able to personalize its recommendations...
Digital collaboration and insights company PointClickCare announced its plans to purchase health IT company Audacious Inquiry for an undisclosed sum.
Audacious Inquiry has a number of services focused on care coordination. Its "Encounter Notification Service" helps notify care teams when a patient gets admitted or discharged from the hospital. Its software offerings also includes a "Proactive...
This morning senior-focused startup Speak2 Family announced its plans to buy fellow voice assistant SoundMind Clients for an undisclosed sum.
Both companies use voice-activated assistants to help seniors in their daily lives. SoundMind offers a voice-activated care concierge, along with activities and information on demand and video calling.
Speak2 Family works through senior’s Alexa devices...
Healthcare-at-home specialist Amedisys announced the acquisition of Contessa Health, a provider of hospital-at-home and skilled nursing facility (SNF) at-home services. Upon closing of the deal, Contessa will operate as a wholly owned division of Amedisys.
Contessa’s business and proprietary informatics platform, Care Convergence, offers risk-based-model and claims analytics capabilities.
The...
Patient financial engagement company Cedar is beefing up its platform by purchasing OODA Health, a healthcare administrative platform for payers and providers, for $425 million.
The combined company will bring together Cedar’s patient-facing platform that creates a personalized billing experience for each user with OODA’s platform that seeks to cut back on administrative waste by enabling back-...
SOC Telemed (formerly Specialists on Call) announced yesterday that it has purchased fellow acute care telemedicine provider Access Physicians.
The cash and stock transaction is valued at roughly $194 million, with the potential for additional considerations based on performance.
WHAT'S THE IMPACT
SOC Telemed was already a major name in the enterprise telemedicine space. The company reported...
Colorado-based cliexa, the maker of various software tools for providers, announced in a blog post yesterday that it has acquired ProSkedge.com, an automated scheduling platform for surgical procedures. The terms of the deal were not disclosed.
WHAT'S THE IMPACT?
ProSkedge is the work of Dr. Lukasz Kowalczyk, a practicing gastroenterologist who, according to his LinkedIn profile, started...
Patient engagement and education platform PatientPoint is merging with rival Outcome Health to create a new platform named PatientPoint Health Technologies, which is focused on facilitating patient-clinician communications.
This news comes over a year after news broke that Outcome Health and its executive team faced a slew of legal battles over falsified advertising practices.
While the...
Digital musculoskeletal (MSK) care triple-unicorn Hinge Health today announced the upcoming acquisition of Enso, the maker of an eponymous non-invasive electrical nerve stimulation device for pain relief.
Hinge Health did not disclose the terms of the deal or its impact on Enso employees, but a representative told MobiHealthNews that the purchase is set to close "within weeks."
The Enso device is...
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