Healthtech Deal Updates

AI-enabled patient engagement solutions developer SpinSci was pocketed by PE firm Aldrich Capital Partners for $53M to expand SpinSci’s market footprint and accelerate its growth.

AI-based healthcare 3D mapping software provider Cortex was bought by Boston Scientific to complement its product suite with advanced 3D mapping for complex medical cases.

Finnish AI-enabled healthcare data management and diagnosis software developer Combinostics was acquired for $4.5M at 4.6 times revenue by Swedish MRI software provider SyntheticMR to build out its product offerings with AI-enabled diagnostics capabilities for neurodegenerative diseases. 

Healthcare practice management software provider AdvancedMD was purchased for $1B by PE firm Francisco Partners.

Patient flow management software provider Strata Health was acquired for $23.2M by healthcare software firm VitalHub to add a referral management platform to its existing offerings and to expand the digital health ecosystem.

A provider of AI-and RPA-based RCM services & appointment scheduling software​​​, R1 RCM, was taken private by TowerBrook and Clayton Dubilier & Rice for $8.9B, making it the largest HealthTech megadeal so far during this period.

Critical Product Line of Edwards Lifesciences, which provides patient monitoring platform with advanced AI algorithms, was acquired by BD for $4.2B, making it the largest HealthTech megadeal so far this year.

Specialty Networks, a group purchasing contract and practice enhancement software, was acquired by CardinalHealth for $1.2B.