Big Health System Deals Dominate Transactions in October-The announced merger of two major Texas health systems is October’s deal-of-the-month.
Q3-2018 Healthcare IT Update– While start up funding has continued to accelerate, already surpassing the 2017 funding total of $5.7B, merger and acquisition activity has remained stagnant. As some of these early stage companies begin to mature, Provident expects the number of exits to drastically increase, providing ample investment opportunity for both strategic and private equity investors.
Health IT Sector Showing High Potential for Accelerated Growth – The health information technology sector is poised to become the next big thing for investors in the health-care industry. The physician practices sector experienced the second-highest growth in July, with an emphasis on certain medical practice areas.
Q2-2018 Healthcare IT Update-With the growing transition towards value-based care and need for IT infrastructure across the industry, consolidators and investors are continuing to target Healthcare Information Technology (HCIT) companies, through mergers and acquisitions, as they seek more effective approaches to patient engagement solutions.
Amazon Deal Brightens Blasé January Health Transactions Landscape – The late January announcement that Amazon.com Inc., BerkshireHathaway Inc., and JPMorgan Chase & Co. plan to join forces to meet their employees’ health-care needs created a lot of health-care industry dealmaking buzz in a month that was otherwise on the quiet side.
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.