Healthtech Deal Updates

Veritas Capital is a private equity firm that invests in companies that provide solutions in aerospace & defense, healthcare, technology, national security, and more.  GE is a leading provider of open architecture computing and electronic systems for a variety of solutions.  The healthcare portion of GE works with hardware, software, and biotech.  The specific portion that was bought was the Value-Based Care division.

Accruent is a global software company that helps organizations achieve superior performance by transforming how they manage their physical resources.  Connectiv is a software company with a cloud-based Healthcare Technology Management (HTM) application.  Connectiv's solution will allow Accruent to offer more options to their healthcare clients to allow them to manage the physical resources they own.

Cantel Medical is a global company dedicated to delivering infection prevention and control products and services for a variety of consumers.  Aexis Medical specializes in software solutions that track and monitor instrument reprocessing workflows in hospitals. The two teams have integrated and will use Aexis’s technology to help support Cantel’s infection prevention in hospitals themselves.

Inovalon is a leading technology company that provides cloud-based platforms to create data-driven transformations from the volume-based to value-based models for care. ABILITY is a cloud-based provider of real-time connectivity and analytics.  This deal marks Inovalon’s second since going public and is the larger of the two.

Varian is a leader in developing and delivering cancer care solutions and is focused on creating a world without fear of cancer. Evinance provides personalized and evidence-based recommendations to doctors and patients at the point of care with a cloud-based platform. This is a move to expand and improve Varian’s existing oncology-based platform.

Roche is a global pioneer in pharmaceuticals and diagnostics focused on advancing science to improve people’s lives. The combined strengths of pharmaceuticals and diagnostics under one roof have made Roche the leader in personalized healthcare. Flatiron Health is a healthcare technology and services company focused on accelerating cancer research and improving patient care. Flatiron will continue to operate separately from Roche after the acquisition.

Netsmart creates EHR solutions and services.  Their platform is about allowing access to up-to-date and accurate information. HomeCare Accounting Solutions focuses on backend systems that allow different home health agencies to be efficient and productive.  This combination allows them to provide more comprehensive solutions for their clients.

Infian is a healthcare technology company that develops and supports EHR and medical billing systems and offers revenue cycle management services for physician offices and dialysis clinics. Quantitative Medical Systems offers dialysis specific software solutions to healthcare providers in the US. QMS is part of Constellation Software Inc., an international software company traded publicly on the Toronto Stock Exchange. The combined company will be the leading dialysis software provider in the United States.

eviCore offers proven, diversified medical benefits management solutions that help clients reduce costs while increasing quality of care for their members. Express Scripts provides integrated pharmacy benefit management services, including network-pharmacy claims processing, home delivery pharmacy care, specialty pharmacy care, specialty benefit management, benefit-design consultation, drug utilization review, formulary management, and medical and drug data analysis services.

Praxify's solutions transform the EHR experience for clinicians with streamlined workflows, intuitive mobile interfaces and real-time analytical feedback. athenahealth partners with hospital and ambulatory clients to drive clinical and financial results. They offer medical record, revenue cycle, patient engagement, care coordination and population health services. They combine insights from their network of 99 thousand providers and 88 million patients with deep industry knowledge and perform administrative work at scale. The applications developed by Praxify will be integrated into athenahealth’s existing infrastructure.