mergers and acquistions
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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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Devices & Diagnostics, Health Tech
Medtech Funding Expected to Pick Up In 2023 After Q1’s Low Point
Medtech funding reached its low point in the first quarter but will slowly pick back up over the rest of 2023, according to a new Pitchbook report. It noted that this year’s medtech funding total will not come close to the $19.7 billion the sector raised in 2021, and it might even come in below last year’s funding total of $13.5 billion.
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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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Healthcare AI Trends to Watch: M&A Exits & Generative AI Use Cases
The healthcare AI space will be an exciting one to watch over the next couple years, as investment dollars flow to startups and providers launch more AI pilots. Two of the most interesting trends to watch will be the use cases that healthcare organizations prioritize when deploying generative AI models, as well as M&A activity within the healthcare AI field, a CB Insights analyst declared during a recent webinar.
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Digital Health Funding Steadied in Q1 After a Year of Decline
Global funding for digital health companies finally stabilized in Q1 of this year. The sector raised $3.4 billion — this marks the first time the digital health world didn’t experience a quarter-over-quarter funding decline since Q4 of 2021. By holding steady, digital health startups defied the dwindling fundraising totals seen across the broader venture capital landscape, where funding dropped by 13% quarter-over-quarter.
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Which Trends Dominated Hospital M&A Activity Last Year?
M&A activity among health systems picked up last year — key trends included cross-market mega-mergers and academic medical centers expanding their community hospital networks. Despite tough economic conditions, Kaufman Hall experts expect this activity to continue growing in 2023.
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Athenahealth to change hands again in $17B deal
Affiliates of Bain Capital and Hellman & Friedman struck a deal to buy the health IT company from its current private equity owners, Veritas Capital and an affiliate of activist investor Elliott Management. The two took the company private through a takeover bid in 2019.
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Oak Street plans to add virtual specialty care with $130M acquisition of RubiconMD
Oak Street Health plans to integrate virtual specialty care into its primary care centers for Medicare patients. It struck a deal to acquire RubiconMD for $130 million in cash, with another $60 million in milestone payments.
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Cigna won’t get $1.85B from Anthem breakup, Delaware Supreme Court rules
The Delaware Supreme Court ruled on Monday that Cigna can’t seek a $1.85 billion breakup fee after its failed merger with Anthem, upholding a judge’s decision last year.
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‘Under-the-radar’ companies could become hot acquisition targets in 2018
Nearly a dozen companies were identified in a report as potentially attractive for buyouts by larger firms. Japanese companies could be big players.
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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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3 significant issues that will take center stage in 2018
BPCI Advanced, the next generation of the original Bundled Payments for Care Improvement (BPCI), announced earlier this month. marks the further progression of the value-based care movement and is one of three major changes this year.
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GreatCall acquires home-monitoring startup Healthsense
Healthsense places wireless sensors around living spaces to monitor patients at home and in skilled nursing and assisted living facilities, then applies algorithms to detect signs of potential health issues.
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Digital health groups combine ahead of Connected Health Conference (Updated)
As the Connected Health Conference — formerly known as the mHealth Summit — gets underway in National Harbor, Maryland, the organization that puts it on, the Personal Connected Health Alliance, is taking part in a merger of sorts.
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Devices & Diagnostics, Startups
Edwards makes another big acquisition in the transcatheter mitral valve space, this time for $690M
Edwards Lifesciences is paying up to $690 million to a buy an Israeli company that makes transcatheter mitral valve and tricuspid repair devices. Last year it bought a mitral valve replacement company for about $400 million.
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Netsmart acquires long-term care EMR vendor HealthMEDX (updated)
Ozark, Missouri-based HealthMEDX serves retirement communities, assisted-living and independent-living facilities, skilled nursing centers and home care providers.
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Wolters Kluwer paying $170M for patient engagement firm Emmi Solutions
The all-cash deal will give Wolters Kluwer a more complete suite of health information products and allow Emmi to gain a foothold in international markets.
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.
