Q1-2017 Healthcare IT Update– The beginning of 2017 brought a wave of consolidation activity within the Healthcare Information Technology (HIT) sector, as large strategic acquirers were eager to expand their product offerings, taking advantage of highly demanded software platforms that offer cost-saving solutions to healthcare providers.
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.