acquisition
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Devices & Diagnostics, Health Tech
Abbott-Bigfoot Deal Proves That Diabetes Is a Hot Area for Digital Health Investment
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.
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Selling Its MA Business May Be Bright Health Group’s Only Option, Experts Say
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.
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Payer’s Place: Dawn Maroney
Dawn Maroney, President, Markets of Alignment Health and CEO of Alignment Health Plan, to discuss how they are using technology to provide better service and care to consumers.
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WeightWatchers To Acquire Chronic Weight Management Digital Health Platform
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.
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Consumer / Employer, Health Tech
Unmind Acquires Frankie Health, Launches New Workplace Mental Health Product
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.
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LeanTaaS Acquires Hospital IQ to Create $1B Healthcare Automation Company
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.
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Former VA Secretary Teams up With Daughter to Launch Chronic Pain Care Startup
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.
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With the FTC’s conditional approval, Medtronic completes its $1.1B acquisition of Intersect ENT
To get approval for the deal, Medtronic agreed to sell an Intersect subsidiary to soothe the FTC’s concerns.
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Devices & Diagnostics, Health Tech
Wallaby Medical acquires phenox GmbH to broaden its stroke treatment and prevention product pipeline
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.
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Lightfully Behavioral Health acquires 2 of 13 centers it plans to open in California in 2022
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.
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Applying Remote Patient Monitoring to Surgery Prep and Recovery, Oncology and Women’s Health
Join us to learn about the latest trends in remote monitoring and how to extend its benefits beyond chronic conditions to more patients – all while using fewer staff resources.
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Carbon Health grows home care capabilities with Alertive Healthcare acquisition
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.
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Health Tech, Social Determinants
Unite Us acquires NowPow to bulk up SDOH screenings, referrals platform
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.
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Amwell to scoop up SilverCloud Health, Conversa Health for $320M
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.
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As independent practices vanish, experts debate the pros & cons of a consolidated market
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.
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Cano Health buys Doctor’s Medical Center for $300M
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.
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Cano Health’s $600M acquisition will add 24,000 MA members to its roster
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.
Promoted
Payer’s Place: Dr. Anil Singh
Dr. Anil Singh shares his insights into the strategies employed by the organization to identify the most effective digital solutions for their members.
Promoted
Discover the Next-Gen Platform for Integrated Collaborative Care
Beyond EHRs and digital front doors, reducing the gaps in patient care journeys.
