Tuesday, December 11, 2018
The acquisition values Athenahealth at $135 per share in cash. Private-equity firm Veritas Capital and hedge fund Elliott Management have agreed to acquire U.S. health-care software maker Athenahealth for about $5.7 billion in cash, the companies confirmed on Monday.Reuters had reported the deal was in the works on Sunday.Athenahealth, whose cloud-based service is used to
[ Read More ]Big Blue said it hopes to disrupt the cloud market and become one of the largest hybrid cloud providers. IBM will acquire Red Hat, an open-source technology and software distributor, for about $34 billion, the companies announced late Sunday. The deal is one of the largest tech acquisitions in U.S. history.Under the agreement, IBM will
[ Read More ]This quarter’s M&A action includes big names looking to move into digital health as well as more niche offerings absorbing their competitors. The third quarter of 2018 was a surprisingly good one for mergers and acquisitions. MobiHealthNews tracked 17 deals, from Best Buys monster acquisition of GreatCall, to positive exits for Boston area startups Herald
[ Read More ]A three-pronged plan can carry IT leaders thoughtfully through the integration of several healthcare IT systems. Consolidation in the healthcare industry continues to accelerate: 115 transactions were announced in 2017, the highest number in recent history, according to consulting firm KaufmanHall. This means more healthcare IT executives are facing the data and IT challenges that
[ Read More ]The Boston-based startup makes software to push data to hospital stakeholders when they need it. Pune, India-based Persistent Systems acquired Herald Health, a two-person health tech startup with successful pilots at Brigham and Women’s and Boston Childrens hospitals in Boston, for a total valuation of $5.2 million, MobiHealthNews has learned. Multiple Indian publications are reporting
[ Read More ]As the healthcare industry changes, theres always the possibility your facility will merge with another. Maintaining a hospital or health system is expensive, and pooling resources can help counteract some of the costs. However, those mergers may cause more than just administrative headaches they might actually impact patient care.
[ Read More ]Swiss pharma giant Roche is buying Flatiron, which was founded by two ex-Google employees and aims to improve cancer treatment.
[ Read More ]Fitbit announced today that it has acquired a small, Boston-based software startup called Twine Health for an undisclosed amount.Twine Health probably isnt a name that will resonate with a lot of people who dont follow digital health closely, but its a collaborative software platform aimed at workplace wellness providers. It tracks chronic diseases and connects
[ Read More ]Pharmaceutical, health insurance, medical and digital technology companies took brave steps in 2017 to strengthen their digital health market position with more or less success. Yet, last years business moves also suggest important trends: producing drugs alone without added digital services is not enough anymore for pharma; medical websites are becoming huge media outlets; and
[ Read More ]Allscripts plans to purchase Practice Fusion for $100 million, expanding the EHR vendor’s presence in the ambulatory market just months after closing a deal to acquire McKesson’s health IT portfolio. An SEC filing also pointed to a civil investigation into Practice Fusion’s EHR certification dating back to March 2017. …read more
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