acquisition Archives - MedCity News https://medcitynews.com/tag/acquisition/ Healthcare technology news, life science current events Thu, 07 Sep 2023 21:12:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://medcitynews.com/uploads/2021/03/cropped-mblue-32x32.png acquisition Archives - MedCity News https://medcitynews.com/tag/acquisition/ 32 32 40682243 Abbott-Bigfoot Deal Proves That Diabetes Is a Hot Area for Digital Health Investment https://medcitynews.com/2023/09/abbott-diabetes-acquisition/ https://medcitynews.com/2023/09/abbott-diabetes-acquisition/#respond Thu, 07 Sep 2023 20:17:35 +0000 https://medcitynews.com/?p=647928

This week, Abbott announced its plans to acquire Bigfoot Biomedical — a startup selling a “smart” insulin pen cap, which collects data from a user’s CGM to help them calculate the right dose. Most analysts were unsurprised to hear of the acquisition given that the two companies have been collaborating for more than six years, but they said the deal reinforces the steady pace of digital innovation in the diabetes care space.

]]>
https://medcitynews.com/2023/09/abbott-diabetes-acquisition/feed/ 0 647928
Selling Its MA Business May Be Bright Health Group’s Only Option, Experts Say https://medcitynews.com/2023/05/sell-medicare-advantage-insurtech/ https://medcitynews.com/2023/05/sell-medicare-advantage-insurtech/#respond Thu, 04 May 2023 20:53:40 +0000 https://medcitynews.com/?p=633606

Bright Health Group said last week it is “exploring strategic alternatives” for two Medicare Advantage plans in California: Brand New Day and Central Health Plan, which the insurtech purchased several years ago for $500 million. One expert said selling is necessary as the company faces bankruptcy.

]]>
https://medcitynews.com/2023/05/sell-medicare-advantage-insurtech/feed/ 0 633606
WeightWatchers To Acquire Chronic Weight Management Digital Health Platform https://medcitynews.com/2023/03/weightwatchers-to-acquire-chronic-weight-management-digital-health-platform/ https://medcitynews.com/2023/03/weightwatchers-to-acquire-chronic-weight-management-digital-health-platform/#respond Tue, 07 Mar 2023 23:49:19 +0000 https://medcitynews.com/?p=626673

WeightWatchers will acquire Sequence, a platform that allows patients to have virtual appointments with a clinician, gives access to a dietitian and fitness coaching and provides prescription medications, including Ozempic and Wegovy. The deal is anticipated to close during the second quarter of 2023, and WeightWatchers will pay the net purchase price of $106 million. 

]]>
https://medcitynews.com/2023/03/weightwatchers-to-acquire-chronic-weight-management-digital-health-platform/feed/ 0 626673
Unmind Acquires Frankie Health, Launches New Workplace Mental Health Product https://medcitynews.com/2023/02/unmind-acquires-frankie-health-launches-new-workplace-mental-health-product/ https://medcitynews.com/2023/02/unmind-acquires-frankie-health-launches-new-workplace-mental-health-product/#respond Mon, 06 Feb 2023 23:25:09 +0000 https://medcitynews.com/?p=623164

London-based Unmind offers a measurement tool that allows employees to gain insights into their own mental health. Its content library also provides access to exercises and self-guided courses. Dublin-based Frankie Health, meanwhile, connects employees to a global network of mental health practitioners. The combined organization’s new product, Unmind Talk, joins the strengths of both companies.

]]>
https://medcitynews.com/2023/02/unmind-acquires-frankie-health-launches-new-workplace-mental-health-product/feed/ 0 623164
LeanTaaS Acquires Hospital IQ to Create $1B Healthcare Automation Company https://medcitynews.com/2023/01/leantaas-acquires-hospital-iq-to-create-1b-hospital-automation-company/ https://medcitynews.com/2023/01/leantaas-acquires-hospital-iq-to-create-1b-hospital-automation-company/#respond Tue, 10 Jan 2023 21:33:53 +0000 https://medcitynews.com/?p=620023

LeanTaaS acquired healthcare automation company Hospital IQ. The two companies made the deal because their products complement each other — Hospital IQ provides staff optimization solutions, while LeanTaaS makes software to optimize capacity for operating rooms, infusion centers and inpatient beds.

]]>
https://medcitynews.com/2023/01/leantaas-acquires-hospital-iq-to-create-1b-hospital-automation-company/feed/ 0 620023
Former VA Secretary Teams up With Daughter to Launch Chronic Pain Care Startup https://medcitynews.com/2022/12/former-va-secretary-teams-up-with-daughter-to-launch-chronic-pain-care-startup/ https://medcitynews.com/2022/12/former-va-secretary-teams-up-with-daughter-to-launch-chronic-pain-care-startup/#respond Thu, 15 Dec 2022 21:21:08 +0000 https://medcitynews.com/?p=617503

Override provides chronic pain patients with a care team that includes a pain physician, a physical therapist, a psychologist and a coach. The company has received $3.5 million in seed funding and has acquired Take Courage Coaching.

]]>
https://medcitynews.com/2022/12/former-va-secretary-teams-up-with-daughter-to-launch-chronic-pain-care-startup/feed/ 0 617503
With the FTC’s conditional approval, Medtronic completes its $1.1B acquisition of Intersect ENT https://medcitynews.com/2022/05/with-ftcs-conditional-approval-medtronic-completes-its-1-1b-acquisition-of-intersect-ent/ https://medcitynews.com/2022/05/with-ftcs-conditional-approval-medtronic-completes-its-1-1b-acquisition-of-intersect-ent/#respond Fri, 13 May 2022 17:16:52 +0000 https://medcitynews.com/?p=587330

To get approval for the deal, Medtronic agreed to sell an Intersect subsidiary to soothe the FTC’s concerns.

]]>
https://medcitynews.com/2022/05/with-ftcs-conditional-approval-medtronic-completes-its-1-1b-acquisition-of-intersect-ent/feed/ 0 587330
Wallaby Medical acquires phenox GmbH to broaden its stroke treatment and prevention product pipeline https://medcitynews.com/2022/04/wallaby-medical-acquires-phenox-gmbh-to-broaden-its-stroke-treatment-and-prevention-product-pipeline/ https://medcitynews.com/2022/04/wallaby-medical-acquires-phenox-gmbh-to-broaden-its-stroke-treatment-and-prevention-product-pipeline/#respond Thu, 21 Apr 2022 17:05:55 +0000 https://medcitynews.com/?p=583797

Wallaby, which has its main offices in Laguna Hills, California and Shanghai, China, and Bochum, Germany-based phenox have been strategic partners since 2019. The deal is valued at about 500 million euros, including milestone payments, or the equivalent of more than $542 million.

]]>
https://medcitynews.com/2022/04/wallaby-medical-acquires-phenox-gmbh-to-broaden-its-stroke-treatment-and-prevention-product-pipeline/feed/ 0 583797
Lightfully Behavioral Health acquires 2 of 13 centers it plans to open in California in 2022 https://medcitynews.com/2022/02/lightfully-behavioral-health-acquires-2-of-13-centers-it-plans-to-open-in-california-in-2022/ https://medcitynews.com/2022/02/lightfully-behavioral-health-acquires-2-of-13-centers-it-plans-to-open-in-california-in-2022/#respond Tue, 15 Feb 2022 23:33:06 +0000 https://medcitynews.com/?p=571453

The Thousand Oaks, California-based company bought Resilience Treatment Center for Mental Health in West Los Angeles for an undisclosed sum and is now accepting patients at two centers it acquired through the purchase.

]]>
https://medcitynews.com/2022/02/lightfully-behavioral-health-acquires-2-of-13-centers-it-plans-to-open-in-california-in-2022/feed/ 0 571453
Carbon Health grows home care capabilities with Alertive Healthcare acquisition  https://medcitynews.com/2021/10/carbon-health-grows-home-care-capabilities-with-alertive-healthcare-acquisition/ https://medcitynews.com/2021/10/carbon-health-grows-home-care-capabilities-with-alertive-healthcare-acquisition/#respond Wed, 06 Oct 2021 22:43:25 +0000 https://medcitynews.com/?p=553094

The acquisition enables primary and urgent care provider Carbon Health to remotely monitor patients’ vitals and intervene when needed. The move follows Carbon Health’s purchase of diabetes platform Steady Health — its first major foray into home-based care.

]]>
https://medcitynews.com/2021/10/carbon-health-grows-home-care-capabilities-with-alertive-healthcare-acquisition/feed/ 0 553094
Unite Us acquires NowPow to bulk up SDOH screenings, referrals platform https://medcitynews.com/2021/09/unite-us-acquires-nowpow-to-bulk-up-sdoh-screenings-referrals-platform/ https://medcitynews.com/2021/09/unite-us-acquires-nowpow-to-bulk-up-sdoh-screenings-referrals-platform/#respond Tue, 21 Sep 2021 18:04:21 +0000 https://medcitynews.com/?p=550448

Unite Us will integrate NowPow’s tools and community partners into its closed-loop referral system, which can be used to screen for social factors that negatively affect health, like food or housing insecurity, and then electronically refer patients to resources in their community.

]]>
https://medcitynews.com/2021/09/unite-us-acquires-nowpow-to-bulk-up-sdoh-screenings-referrals-platform/feed/ 0 550448
Amwell to scoop up SilverCloud Health, Conversa Health for $320M https://medcitynews.com/2021/07/amwell-to-scoop-up-silvercloud-health-conversa-health-for-320m/ https://medcitynews.com/2021/07/amwell-to-scoop-up-silvercloud-health-conversa-health-for-320m/#respond Wed, 28 Jul 2021 22:34:00 +0000 https://medcitynews.com/?p=542507

The acquisitions will expand Amwell’s virtual care offerings and client base, with SilverCloud Health bringing digital behavioral health programs to its roster and Conversa Health adding text-based patient communications.

]]>
https://medcitynews.com/2021/07/amwell-to-scoop-up-silvercloud-health-conversa-health-for-320m/feed/ 0 542507
As independent practices vanish, experts debate the pros & cons of a consolidated market https://medcitynews.com/2021/07/as-independent-practices-vanish-experts-debate-the-pros-cons-of-a-consolidated-market/ https://medcitynews.com/2021/07/as-independent-practices-vanish-experts-debate-the-pros-cons-of-a-consolidated-market/#respond Tue, 20 Jul 2021 21:36:58 +0000 https://medcitynews.com/?p=541067 consolidation, mergers, acquisition,

Independent physician practices are being gobbled up by hospitals, payers and private equity, and while some see it as a boon for the practices and industry as a whole, others believe it will raise costs and block access to care.

]]>
https://medcitynews.com/2021/07/as-independent-practices-vanish-experts-debate-the-pros-cons-of-a-consolidated-market/feed/ 0 541067
Cano Health buys Doctor’s Medical Center for $300M https://medcitynews.com/2021/07/cano-health-buys-doctors-medical-center-for-300m/ https://medcitynews.com/2021/07/cano-health-buys-doctors-medical-center-for-300m/#respond Tue, 06 Jul 2021 18:27:12 +0000 https://medcitynews.com/?p=538808

Senior-focused primary care provider Cano Health acquired Doctor’s Medical Center for $300 million, which adds around 54,000 new members and 18 medical centers to its roster. This is the second major acquisition for Cano Health in less than a month. The company bought University Health Care for $600 million in mid-June.

]]>
https://medcitynews.com/2021/07/cano-health-buys-doctors-medical-center-for-300m/feed/ 0 538808
Cano Health’s $600M acquisition will add 24,000 MA members to its roster https://medcitynews.com/2021/06/cano-healths-600m-acquisition-will-add-24000-ma-members-to-its-roster/ https://medcitynews.com/2021/06/cano-healths-600m-acquisition-will-add-24000-ma-members-to-its-roster/#respond Mon, 14 Jun 2021 22:34:31 +0000 https://medcitynews.com/?p=535505 aging, senior, old

Cano Health, which provides primary care services for seniors, bought Miami-based University Health Care for $600 million. University Health Care serves approximately 24,000 Medicare Advantage members, which will bring Cano Health’s membership to around 143,000.

]]>
https://medcitynews.com/2021/06/cano-healths-600m-acquisition-will-add-24000-ma-members-to-its-roster/feed/ 0 535505
Staffing firm AMN Healthcare buys telehealth provider for $42.5M https://medcitynews.com/2021/05/staffing-firm-amn-healthcare-buys-telehealth-provider-for-42-5m/ https://medcitynews.com/2021/05/staffing-firm-amn-healthcare-buys-telehealth-provider-for-42-5m/#respond Sun, 23 May 2021 14:00:29 +0000 https://medcitynews.com/?p=531488

AMN Healthcare bought Synzi, a virtual care provider, to offer customers greater staffing flexibility. The acquisition is a part of the company’s strategy to keep pace with the evolving market, where a greater emphasis is being placed on virtual care delivery and remote patient monitoring.

]]>
https://medcitynews.com/2021/05/staffing-firm-amn-healthcare-buys-telehealth-provider-for-42-5m/feed/ 0 531488
Humana purchases remaining 60% stake in Kindred at Home for $5.7B https://medcitynews.com/2021/04/humana-purchases-remaining-60-stake-in-kindred-at-home-for-5-7b/ https://medcitynews.com/2021/04/humana-purchases-remaining-60-stake-in-kindred-at-home-for-5-7b/#respond Wed, 28 Apr 2021 23:24:33 +0000 https://medcitynews.com/?p=527600 home health, hospital at home

After initially purchasing a 40% stake in Kindred at Home for $2.4 billion in 2018, Humana is now fully acquiring the home health and hospice provider for an additional $5.7 billion. The provider will transition to Humana’s payer-agnostic healthcare services brand CenterWell.

]]>
https://medcitynews.com/2021/04/humana-purchases-remaining-60-stake-in-kindred-at-home-for-5-7b/feed/ 0 527600
Appriss Health to buy PatientPing, expanding care coordination capabilities   https://medcitynews.com/2021/03/appriss-health-to-buy-patientping-expanding-care-coordination-capabilities/ https://medcitynews.com/2021/03/appriss-health-to-buy-patientping-expanding-care-coordination-capabilities/#respond Tue, 23 Mar 2021 22:44:00 +0000 https://medcitynews.com/?p=521129

Appriss Health, which provides behavioral health insights to clinicians, plans to purchase care coordination solutions provider PatientPing for an undisclosed sum. The deal is expected to close within the next two months, but the combined company’s first steps are still being decided.

]]>
https://medcitynews.com/2021/03/appriss-health-to-buy-patientping-expanding-care-coordination-capabilities/feed/ 0 521129
Hospitals to DOJ: UnitedHealth’s purchase of Change Healthcare will curtail competition https://medcitynews.com/2021/03/hospitals-to-doj-unitedhealths-purchase-of-change-healthcare-will-curtail-competition/ https://medcitynews.com/2021/03/hospitals-to-doj-unitedhealths-purchase-of-change-healthcare-will-curtail-competition/#respond Mon, 22 Mar 2021 13:00:07 +0000 https://medcitynews.com/?p=520607 Putting puzzle pieces together on sky background with sunlight merger

The American Hospital Association is urging the Justice Department to thoroughly review UnitedHealth’s intended acquisition of Change Healthcare. The transaction would reduce competition in the health IT arena and result in higher prices and lower quality of care, the hospital group says.

]]>
https://medcitynews.com/2021/03/hospitals-to-doj-unitedhealths-purchase-of-change-healthcare-will-curtail-competition/feed/ 0 520607
Cigna to purchase long-standing partner MDLive  https://medcitynews.com/2021/02/cigna-to-purchase-long-standing-partner-mdlive/ https://medcitynews.com/2021/02/cigna-to-purchase-long-standing-partner-mdlive/#respond Fri, 26 Feb 2021 17:21:57 +0000 https://medcitynews.com/?p=516884

The insurer is buying the telehealth company for an undisclosed sum through its health services portfolio Evernorth. The acquisition will enable Evernorth to offer a 24/7 virtual care platform to health plans and employers, including non-Cigna members.

]]>
https://medcitynews.com/2021/02/cigna-to-purchase-long-standing-partner-mdlive/feed/ 0 516884
Centene to bolster behavioral health services with $2.2B Magellan Health acquisition https://medcitynews.com/2021/01/centene-to-bolster-behavioral-health-services-with-2-2b-magellan-health-acquisition/ https://medcitynews.com/2021/01/centene-to-bolster-behavioral-health-services-with-2-2b-magellan-health-acquisition/#respond Tue, 05 Jan 2021 21:57:11 +0000 https://medcitynews.com/?p=509645

The insurer will pay $95 per share in cash to acquire Magellan Health, a company providing an array of services, including pharmacy benefit management and behavioral health and employee assistance program services. The companies aim to develop a behavioral health platform.

]]>
https://medcitynews.com/2021/01/centene-to-bolster-behavioral-health-services-with-2-2b-magellan-health-acquisition/feed/ 0 509645
EverCommerce buys healthcare communication platform Updox https://medcitynews.com/2020/12/evercommerce-buys-healthcare-communication-platform-updox/ https://medcitynews.com/2020/12/evercommerce-buys-healthcare-communication-platform-updox/#respond Thu, 24 Dec 2020 19:27:28 +0000 https://medcitynews.com/?p=508856 close up of male hands nightlight smartphone

EverCommerce, a provider of solutions for businesses in the service sector, has added Updox to its roster of health services companies. Updox offers a variety of virtual care, patient engagement and office productivity solutions.

]]>
https://medcitynews.com/2020/12/evercommerce-buys-healthcare-communication-platform-updox/feed/ 0 508856
Cerner to snap up Kantar’s health division for $375M https://medcitynews.com/2020/12/cerner-to-snap-up-kantars-health-division-for-375m/ https://medcitynews.com/2020/12/cerner-to-snap-up-kantars-health-division-for-375m/#respond Wed, 16 Dec 2020 23:06:41 +0000 https://medcitynews.com/?p=507767

The EHR giant is planning to buy Kantar Health, which provides data, analytics and research to the life sciences industry. Through the acquisition, Cerner aims to provide its clients with more access to data analytics and research expertise and engagement with life sciences companies.

]]>
https://medcitynews.com/2020/12/cerner-to-snap-up-kantars-health-division-for-375m/feed/ 0 507767
Private equity firm acquires care coordination platform Central Logic https://medcitynews.com/2020/06/private-equity-firm-acquires-care-coordination-platform-central-logic/ https://medcitynews.com/2020/06/private-equity-firm-acquires-care-coordination-platform-central-logic/#respond Tue, 02 Jun 2020 11:00:49 +0000 https://medcitynews.com/?p=489911

Private equity firm Rubicon Technology Partners acquired a majority stake in Central Logic for an undisclosed amount. Central Logic developed software solutions to help manage the transfer of high-acuity patients between hospitals.

]]>
https://medcitynews.com/2020/06/private-equity-firm-acquires-care-coordination-platform-central-logic/feed/ 0 489911
Teladoc to acquire InTouch Health for $600M https://medcitynews.com/2020/01/teladoc-to-acquire-intouch-health-for-600m/ https://medcitynews.com/2020/01/teladoc-to-acquire-intouch-health-for-600m/#respond Sun, 12 Jan 2020 22:49:36 +0000 https://medcitynews.com/?p=477050

Teladoc reached an agreement to acquire InTouch Health for $600 million, including $150 million in cash. The deal is expected to add roughly $80 million to Teladoc’s top line.

]]>
https://medcitynews.com/2020/01/teladoc-to-acquire-intouch-health-for-600m/feed/ 0 477050
OR software company raises $45.6M and makes a new acquisition https://medcitynews.com/2019/12/or-software-company-raises-45-6m-and-makes-a-new-acquisition/ https://medcitynews.com/2019/12/or-software-company-raises-45-6m-and-makes-a-new-acquisition/#respond Thu, 19 Dec 2019 21:49:20 +0000 https://medcitynews.com/?p=475346

Boston-based Caresyntax raised $45.6 million and acquired Syus, an analytics provider for hospitals.

]]>
https://medcitynews.com/2019/12/or-software-company-raises-45-6m-and-makes-a-new-acquisition/feed/ 0 475346
Novartis to acquire The Medicines Co., maker of cholesterol-lowering drug, for $9.7B https://medcitynews.com/2019/11/novartis-to-acquire-the-medicines-co-maker-of-cholesterol-lowering-drug-for-9-7b/ https://medcitynews.com/2019/11/novartis-to-acquire-the-medicines-co-maker-of-cholesterol-lowering-drug-for-9-7b/#respond Mon, 25 Nov 2019 15:31:21 +0000 https://medcitynews.com/?p=473375 Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table - merger and acquisition concept

The deal will give the Swiss drugmaker control of inclisiran, a drug for which The Medicines Company plans to file for approval in lipid disorders starting this quarter.

]]>
https://medcitynews.com/2019/11/novartis-to-acquire-the-medicines-co-maker-of-cholesterol-lowering-drug-for-9-7b/feed/ 0 473375
BMS to sell $1.6B psoriasis drug to satisfy FTC concerns about Celgene acquisition https://medcitynews.com/2019/06/bms-to-sell-off-psoriasis-drug-to-satisfy-ftc-concerns-about-74b-celgene-acquisition/ https://medcitynews.com/2019/06/bms-to-sell-off-psoriasis-drug-to-satisfy-ftc-concerns-about-74b-celgene-acquisition/#respond Mon, 24 Jun 2019 13:56:58 +0000 https://medcitynews.com/?p=462851

The drugmaker said Monday it would sell off the drug Otezla to address concerns about competition that the Federal Trade Commission had expressed in connection to the pending $74 billion deal. According to an analyst, BMS saw Otezla as competitive against its investigational TYK2 inhibitor.

]]>
https://medcitynews.com/2019/06/bms-to-sell-off-psoriasis-drug-to-satisfy-ftc-concerns-about-74b-celgene-acquisition/feed/ 0 462851
McKesson UK acquires British medication management startup Echo https://medcitynews.com/2019/06/mckesson-uk-echo/ https://medcitynews.com/2019/06/mckesson-uk-echo/#respond Thu, 20 Jun 2019 21:31:18 +0000 https://medcitynews.com/?p=462614

Through its app, London-based Echo, which was founded in 2015, offers prescription fulfillment and reminders to take medications.

]]>
https://medcitynews.com/2019/06/mckesson-uk-echo/feed/ 0 462614
Accumen buys clinical data exchange company Halfpenny Technologies https://medcitynews.com/2019/06/accumen-buys-halfpenny-technologies/ https://medcitynews.com/2019/06/accumen-buys-halfpenny-technologies/#respond Mon, 17 Jun 2019 20:53:32 +0000 https://medcitynews.com/?p=462218

Accumen, which assists organizations with outreach services, imaging, clinical laboratory operations and patient blood management, has scooped up Pennsylvania-based Halfpenny for an undisclosed amount.

]]>
https://medcitynews.com/2019/06/accumen-buys-halfpenny-technologies/feed/ 0 462218