Mergers and acquisitions

Healthcare provider sitting next to a hospital bed with a teenager in it looking at a phone
By  Jessica Hagen 03:36 pm July 14, 2023
Digital therapeutics company Big Health announced it acquired Limbix, a maker of prescription digital therapeutics aimed at treating depression in teens and young adults.  Limbix is the creator of SparkRx, a PDTx that uses the principles of cognitive behavioral therapy to address depression in teens and young adults ages 13 to 22.  The self-guided CBT-based treatment was released in October 2021...
Alodokter mobile app
By  Adam Ang 08:12 pm July 6, 2023
Indonesian digital health company Alodokter has acquired the pregnancy app Diary Bunda from Japanese conglomerate Marubeni Corp. for an undisclosed sum. Meanwhile, Marubeni also pledged an investment to Alodokter's parent company, Singapore-based Ranelagh, which also operates the doctor platform Alomedika.  WHY IT MATTERS Launched in 2020, Diary Bunda provides personalised medical information and...
People standing in a room shaking hands in front of a large window
By  Jessica Hagen 10:45 am June 23, 2023
Multinational digital health firm Babylon announced it has accepted a take-private proposal from AlbaCore Capital on behalf of its affiliate digital-neurotherapy company MindMaze, which will transition Babylon from a publicly-traded company to a private entity. Babylon and MindMaze, which makes game-like rehabilitation tools for neurological conditions and injuries, will form a global privately-...
InstantScripts mobile app Photo courtesy of InstantScripts
By  Adam Ang 11:41 pm June 13, 2023
Australian Pharmaceutical Industries, a wholly-owned subsidiary of ASX-listed conglomerate Wesfarmers, is buying local telehealth business InstantScripts for A$135 million ($91 million).  Founded in 2018, the online health clinic offers a range of digital services, including telehealth consultations, online prescriptions, medical certificates, blood test requests, health management plans and...
Person sitting at a computer holding a coffee cup with a striped shirt on
By  Jessica Hagen 02:24 pm June 13, 2023
Chronic care management platform Thirty Madison has acquired the assets of online birth control pharmacy The Pill Club following the company's bankruptcy in April.  New York-based Thirty Madison purchased over 100,000 patient files from the bankrupt company for $32.3 million, according to Axios.  Thirty Madison said that thanks to its strategic asset purchase, the company will ensure continuity...
GP2U and Doctor Care Anywhere logos
By  Adam Ang 03:04 am June 6, 2023
Over two years since it was first acquired, GP2U Telehealth is being sold off again. Its parent company, UK-based Doctor Care Anywhere Group, signed a share purchase agreement to sell its Australian subsidiary to My Emergency Doctor for A$3 million ($2 million). The deal, which is still subject to shareholder approval, is expected to be completed by end June. WHY IT MATTERS In a media release,...
The Oura Ring Gen 3
By  Emily Olsen 12:35 pm May 10, 2023
Oura, the company behind a health tracking ring wearable, announced Tuesday it had purchased digital identification startup Proxy in an all-equity deal. Proxy offers digital identity tech that aims to replace keys, cards, badges, apps and passwords. The startup said it had been working to include its offerings on wearable devices as well as phones.  According to reporting by Bloomberg, the deal...
Screenshot of Bonatra website
By  Adam Ang 03:06 am May 5, 2023
Bonatra expanding chronic disease management platform with MyAva acquisition Bonatra, which is once focused on treating chronic health conditions in men, is expanding its platform to deal with women's health and wellness through its latest acquisition of MyAva. Founded in 2019, the femtech startup provides curated programmes and personalised plans to help women manage their chronic conditions,...
Healthcare provider looking at a computer
By  Jessica Hagen 10:11 am April 28, 2023
Arizona-based virtual care platform eVisit has acquired New York-based Bluestream Health, a virtual care management platform for healthcare providers and health systems.  eVisit offers a telemedicine platform alongside scheduling, waiting room management, intake and discharge.  Bluestream is a virtual care platform that helps brick-and-mortar facilities shift workflows to a virtual care format...
MyHealth1st mobile app interface
By  Adam Ang 02:47 am April 28, 2023
1st Group sells MyHeath1st to HealthShare ASX-listed 1st Group has sold its human health bookings business to digital health firm HealthShare for A$1.25 million ($830,000).  According to corporate disclosure, 1st Group is divesting its healthcare service search and appointment bookings platform MyHealth1st to plug cash outflows while focusing its capital investments on its other businesses,...