Doctor.com, a physician practice management startup, has made its second M&A deal in two years. Its deal with Connect Health will consolidate the businesses and merge them under Doctor.com’s brand, according to a company news release. The merger was funded by a group of investors including Spring Mountain Capital, StartUp Health and Colle Capital, although the terms of the transaction were not disclosed.
Connect Healthcare stores the data of 1.2 million providers and has 7.5 million unique users. Its hospital partners include UNC Health Care, UC San Diego Health, Brigham & Women’s Hospital, Rush University Medical Center, UAB Medicine and Emory University.
As part of the deal, Noel Coleman, Connect Healthcare president, will join Doctor.com as president of Enterprise Solutions, according to a news release. Connect Healthcare’s team will work with Doctor.com’s enterprise sales and product development team. The Enterprise team will continue to operate out of their headquarters in Atlanta, GA and is expected to grow substantially in the months ahead.
Last year, Doctor.com acquired ReferBright, which develops software to help physicians improve referrals in part by improving their visibility online to attract more patients to their practices.
Photo: mediaphotos, Getty Images