Q4-2016 Healthcare IT Update– Healthcare Information Technology deal flow continued its momentum into the last quarter of 2016, as broad-based IT and revenue cycle management companies aggressively acquired niche-focused providers to enhance the scope of their services.
Q2-2016 Healthcare IT Update– Analytics and cloud based services healthcare IT companies continued to be a dominant theme in terms of merger and acquisition transactions in the second quarter. Notable transactions for the quarter include McKesson’s intent to create a new entity with Change Healthcare as well as CSC’s acquisition of HP’s Enterprise Services division, from which a significant portion of revenue is derived from healthcare contracts with state and federal agencies.
Transaction Advisory– Intelemage, a global pioneer in medical image sharing and workflow management, has been acquired by Medidata. Medidata plans to integrate Intelemage’s technology into the Medidata Clinical Cloud®, its industry-leading SaaS platform. This will offer customers an end-to-end solution to capture, manage, and analyze medical imaging data.
Transaction Advisory – 6N Systems, Inc. (6N), a subsidiary of Village Care Of New York, Inc. (VillageCare), has been acquired by SigmaCare. SigmaCare is a portfolio company of Marlin Equity Partners. 6N provides a fully integrated suite of Electronic Medical Record (EMR) and financial software for the long term care market, allowing an organization to track and measure performance for financial health; identify and address issues for improved quality; and better manage clinical and financial outcomes.