SCIO Health Analytics and Clear Vision
SCIO Health Analytics has acquired Westlake Village, California-based Clear Vision Information Systems. Financial terms of the deal were not disclosed.
Clear Vision provides software-as-a-service analytics focused on risk adjustment and quality metric strategies for health plans and providers. SCIO Health Analytics CEO Siva Namasivayam said combining its data tools and outreach services with SCIO's own predictive and prescriptive analytics tools will help clients better manage the transition from fee-for-service to value-based care.
Digital Reasoning and Shareable
Nashville-based cognitive Digital Reasoning has acquired Shareable, a fellow Music City tech company known for its clinical documentation platform.By combining Shareable’s technology, which automates clinical data collection at the point of care, with Digital Reasoning’s analytics, the company will be better able to give clinicians a more comprehensive view of patients by aggregating patient data across healthcare information systems.
"Shareable's focus on capture of structured and unstructured clinical data, easily extracted or exchanged for analysis, is valuable for clinicians, mobile health companies and EHR providers," said Shareable CEO Hal Andrews, who will now serve as president of Digital Reasoning's healthcare business, in a press statement.
Kaiser Permanente and Group Health Cooperative
Kaiser Permanente will acquire Seattle-based Group Health. Executives from both health systems, each known for early adoption of healthcare IT, announced their plans on Dec. 4. The combination of two healthcare powerhouses will advance the growth of the integrated model for healthcare and coverage together and expand Kaiser Permanente's reach, adding nearly 590,000 members, Kaiser executives said in announcing the deal.
CPSI and Healthland
In a deal that will have implications for rural and community hospitals, Computer Programs and Systems announced Nov. 25 that it would acquire rival Healthland Holding and its affiliates for $250 million in cash and stock.
"Healthland's history tracks a very similar course to that of CPSI, as we both have over 30 years of experience in the healthcare IT space, and we share a strong commitment to the improvement of community healthcare," said Boyd Douglas, president and chief executive officer of CPSI, in a press statement announcing the deal. Full story.
MedAssets and Precyse
In a $2.7 billion deal, MedAssets, maker of revenue cycle and performance improvement tools, will be sold to Pamplona Capital, which will sell off one half of the company while merging the other with its Precyse subsidiary.
"Pamplona's acquisition of MedAssets will create a national leader in the fully outsourced end-to-end revenue cycle services, technology and education market," said Jeremy Gelber a Partner at Pamplona, in a press statement. Full story.
Quality Systems and HealthFusion
Quality Systems, Inc. is building on its ambulatory-focused strategy with its acquisition of HealthFusion, a developer of cloud-based EHRs for physician practices.
"HealthFusion brings an extremely intuitive, fully mobile, cloud-based solution that affords smaller groups of physicians and other providers a clean EHR experience within a fully integrated suite of solutions for their practice," said Rusty Frantz, president and CEO of Quality Systems, Inc., in a statement. Full story.
QuadraMed and NextGen's Hospital Solutions Division
Quality Systems, Inc. on Oct. 22 announced the sale of the hospital division of its NextGen Healthcare subsidiary to QuadraMed, which develops a range of inpatient technologies.
"The divestiture of our Hospital Solutions Division enables Quality Systems and NextGen Healthcare to focus on our core, ambulatory business, which includes one of the largest installed bases in the industry," said Quality Systems President and CEO Rusty Frantz, in a press statement. Full story.
Dell and EMC Corp.
Dell Inc. announced Oct. 12 that it has inked a deal to acquire cloud computing and big data company EMC Corporation. The deal marks one of the largest tech acquisitions in recent history, with the transaction valued at a whopping $67 billion.
This merger creates "an enterprise solutions powerhouse," said Michael S. Dell, founder and CEO of the company, in a press statement announcing the deal.
Michael Dell, photo: Oracle PR 2010, Flickr
Digital Guardian and Code Green
Data security firm Digital Guardian has acquired Code Green Networks, which provides data loss prevention technology for the network, cloud and mobile devices. Both companies are privately held, and their leaders did not release the financial terms of the deal.
"Our mission is to provide ubiquitous data protection. Data that is safeguarded regardless of the threat actor, data type and the system, application or device used to access it," said Ken Levine, president and CEO of Digital Guardian, in a press statement. "Our acquisition of Code Green Networks represents a significant advancement in that mission."
Accenture and Sagacious Consultants
Global health IT, management and outsourcing company Accenture has finalized its agreement to acquire Sagacious Consultants, an EHR consulting practice, executives announced September 23. "Sagacious will enhance our capabilities, expertise and ability to drive transformational outcomes for our clients," said Kaveh Safavi, managing director for Accenture's global healthcare business.
Huron Conulting and Cloud62
Huron Consulting Group will acquire Cloud62, a fast-growing firm specializing in complex Salesforce.com implementations and related cloud-based applications, for an undisclosed sum.
"The addition of the Cloud62 team will enhance Huron's capabilities in a number of areas, but particularly in engaging our clients' customers through the Salesforce platform," said Jay Laabs, managing director and practice leader of Huron Consulting Group’s Enterprise Performance Management & Analytics practice, in announcing the deal.
Cardiopulmonary Corp. and Nuvon
Cardiopulmonary Corp., which provides real-time connected healthcare, and Nuvon, a medical device integration, interoperability, and clinical intelligence company will merge.
“Nuvon and CPC have a shared vision of leveraging comprehensive, high-fidelity, real time data to provide clinical insight across the all levels of patient acuity and the continuum of care,” said Janet Dillione, CEO of CPC, in announcing the deal.
GetWellNetwork and Skylight
Two top patient engagement companies joined forces on September 1, when GetWellNetwork acquired San Diego-based Skylight Healthcare Systems for an undisclosed sum.
"Coming together with GetWellNetwork will serve to strengthen our relentless commitment to enhancing the patient experience at every point along their journey of care," said Tom Klopack, Skylight's CEO, in a statement. "We will all benefit from new levels of clinical collaboration, technology integration, and the growing commitment to transform and improve care quality and outcomes." Full story.
Thoma Bravo and MedeAnalytics
MedeAnalytics, which develops cloud-based clinical and business intelligence tools for providers and payers, has sold a majority stake to private equity firm Thoma Bravo. Terms of the deal were not disclosed.
"It was important for us to partner with an investment firm that will support our team as we build on the considerable momentum we have created in the dynamic healthcare analytics space," said MedeAnalytics CEO Andy Hurd in a statement. Full story.
Inovalon and Avalere
Inovalon, which develops cloud-based analytics for payers, physicians and ACOs, announced August 24 it will acquire Avalere Health, which serves the pharmaceutical and life sciences industries, for $140 million.
"Data is transforming healthcare, and life sciences companies in particular need better information and analytics to drive commercial and strategic decisions," said Avalere CEO Dan Mendelson." Full story.
Xerox and RSA Medical
Xerox announced August 24 it will acquire Naperville, Ill.-based RSA Medical, which develops analytics technology for patients interacting with payers. Terms of the transaction were not disclosed.
"With this acquisition, we will help health plans educate new enrollees about services available to them and close gaps in care when necessary," said Kelly Rakowski, senior vice president, healthcare payer services at Xerox. "We'll also provide payers with insights into population health trends, and coordinate timely and personal clinical interventions for at-risk individuals and populations." Full story.
Premier and Healthcare Insights
WebPT, which develops online EHRs for rehab therapists, announced August 18 its acquisition of Grayslake, Ill.-based Therabill, maker of Web-based practice management software for physical and occupational therapists, speech-language pathologists and behavioral health specialists. Terms of the deal were not disclosed.
"Bringing Therabill under the WebPT umbrella is another step toward our company's goal of delivering an all-encompassing software platform to help therapists achieve greatness in practice," said WebPT co-founder and chief operating officer Heidi Jannenga. Full story.
WebPT and Therabill
CA Technologies, the systems software developer, announced August 17 that it has completed its acquisition of Xceedium, a maker of privileged identity management tools. Terms of the deal were not disclosed.
"Our digital world gives organizations tremendous opportunity; it also introduces additional regulatory demands and increased risk as bad actors penetrate our networks using stolen credentials which give them the proverbial 'keys to the kingdom,'" said Steve Firestone, senior vice president and Security general manager, CA Technologies in a press statement. Full story.
CA Technologies and Xceedium
Premier on August 12 announced it would acquire Healthcare Insights, a privately held developer of integrated financial management software, for $65 million in cash. Premiere expects its enterprise resource planning tools to be an asset as healthcare gets more "complex, value-driven, and data-dependent," according to Keith J. Figlioli, Premier's senior vice president of health informatics.
"It is not enough to have financial, operational and clinical data," he said. "Health systems must understand how to translate that information into effective cost containment strategies, as well as superior clinical outcomes." Full story.
Health Catalyst and Health Care DataWorks
Less than a week prior to its Healthcare Insights buy, Premier announced it would spend $400 million to acquire CECity, which develops cloud-based performance management and improvement, pay-for-value reporting and professional education tools.
With the deal, Premier will be "enhancing our capability to provide turnkey performance improvement and measurement reporting solutions in a rapidly expanding market," said Premier President and CEO Susan DeVore. "These capabilities are critical given the ongoing movement toward population health, as well as emerging Medicare requirements for all physicians to start reporting on a range of new performance measurements." Full story.
Premier and CECity
Health Catalyst on August 5 announced its will acquire Health Care DataWorks, a company with roots in Ohio State University, and one that works on improving patient outcomes much like Health Catalyst does. CEO Dan Burton said HCD – whose 28 employees will still work from their home base in Columbus, Ohio – as a good match, with similar visions for population health.
"We've had great respect for the founders of Healthcare Dataworks – their mission orientation, their focus on enabling health systems to use data to improve care, improve outcomes," Burton told Healthcare IT News. "We felt like for many years we were on the same team as it were, in terms of trying to help the broader industry view and harness the value of data and access that data in order to improve care." Full story.
IBM and Merge Healthcare
In the latest in a recent spate of acquisitions, IBM shelled out a cool $1 billion for medical imaging company Merge, planning to integrate its technology with its Watson cognitive computing technologies.
"Medical images are some of the most complicated data sets imaginable, and there is perhaps no more important area in which researchers can apply machine learning and cognitive computing," said John Kelly, senior vice president, IBM Research and Solutions Portfolio, in announcing the acquisition on Aug. 6. "Healthcare will be one of IBM's biggest growth areas over the next 10 years, which is why we are making a major investment to drive industry transformation and to facilitate a higher quality of care." Full story.
Aetna and Humana
In deal that – coupled with Aetna's acquisition of Humana earlier in the month – reduced the onetime "Big Five" private payers to the "Big Three," Anthem announced July 24 it would pay more than $54 billion to acquire Cigna.
"We believe that this transaction will allow us to enhance our competitive position and be better positioned to apply the insights and access of a broad network and dedicated local presence to the healthcare challenges of the increasingly diverse markets, membership, and communities we serve," read an Anthem statement. "The combined company will have a competitive presence across commercial, government, international and specialty segments." Full story.
Anthem and Cigna
Revenue cycle management vendor Emdeon announced July 8 that it will pay $910 million for Altegra Health, which makes analytics tools for payers and risk-bearing providers.
The plan is to combine Altegra's risk adjustment and business intelligence capabilities with Emdeon's own RCM and payment tools, said Emdeon CEO Neil de Crescenzo – giving its payer and provider customers "the data, insights and related services they need to expertly manage care, ensure appropriate reimbursement and engage individuals in improving their use of the healthcare system." Full story.
Emdeon and Altegra Health
In a landmark deal, Aetna announced July 3 that it would acquire rival Humana for $37 billion. The marriage will combine Humana's Medicare Advantage business with Aetna's established portfolio to help drive better value and higher-quality healthcare by reducing administrative costs, leveraging best-in-breed practices from the two companies and enabling Aetna to better compete with more cost effective products, according to officials.
"The acquisition of Humana aligns two great companies and will significantly advance our strategy of more effectively serving members in a rapidly changing healthcare industry," said Mark T. Bertolini, Aetna chairman and CEO, in announcing the deal. Full story.
HealthPort and IOD
Recognizing that the transition toward value-based care is now "irreversible," EHR analytics firm Arcadia Healthcare Solutions announced June 24 it would acquire Sage Technologies, which offers technologies and and managed services for ACOs. Terms of the deal were not disclosed.
"The shift away from fee-for-service means "unlocking the value of EHR data is the key to success," said Sean Carroll, CEO, Arcadia Healthcare Solutions, in a press statement. "Sage brings differentiated operational expertise in supporting organizations well into this journey, and a deeply engaged client base with a strong presence in the Midwest." Full story.
Arcadia Healthcare Solutions and Sage Technologies
Two major health information management companies joined forces on May 13 as HealthPort, which specializes in information access management and compliance, announced its merger with IOD, which offers services for release of information, coding and more. The new company would have combined revenues of more than $450 million and serve some 18,000 healthcare organizations nationwide, officials said.
"This merger combines the strengths and capabilities of two of the industry's leaders, creating a wider selection of higher-quality clinical data services and a platform for growth," said Mike Labedz, president and CEO of HealthPort, in a press statement. Full story.
IBM, Phytel and Explorys
IBM made a splash at HIMSS15 on April 14 with two big buys, both meant to help build out the capabilities of its new Watson Health unit. With its concurrent acquisitions – terms of which were not disclosed – of population health leader Phytel and Explorys, a Cleveland Clinic project offering cloud-based anaytics tools, Big Blue set its sights on healthcare's new era.
"The acquisition of Phytel furthers our mission of giving providers insights into patient health from data about patient behaviors and their engagement with care plans," said Mike Rhodin, senior vice president, IBM Watson, in a statement. "With Explorys, IBM will accelerate the delivery of IBM Health Cloud and IBM Watson cognitive solutions to model and apply medical evidence and large scale analytics to data," he added. Full story.
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June 01, 2020