HTC Global Services, a Michigan-based global IT company, recently acquired CareTech Solutions, also of Michigan, which develops health IT and web products for hospitals and healthcare systems. For HTC Global, the acquisition “is an integral part” of its strategy to tap into the “exponential growth” occurring within the health IT space, according to Madhava Reddy, […]
Despite multiple protests and controversy, Southern California-based Prime Healthcare Services appears poised to acquire six hospitals operated by financially strapped Daughters of Charity in California for $300 million. The San Francisco Business Times reports that Daughters CEO Robert Issai said Prime’s offer, which has been protested by California’s biggest healthcare union, SEIU-UHW, would also include […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
The pace of mergers and acquisitions among healthcare giants continues, seemingly unabated, as more systems look for ways to better coordinate care. This time, it’s a merger between Advocate Health Care and NorthShore University Health System in Illinois, a deal that would create a $7 billion, 16-hospital, so-called mega-system, spurred by the well-known shifts across […]
Best Doctors today announced it has acquired Rise Health, a population health management company, as part of an effort to beef up its data integration and advanced analytics efforts while expanding into new markets. Terms of the deal were not disclosed. Chicago-based Rise Health, founded in 2009, has built a population health platform that it says develops […]
REACH Air Medical Services, part of the nation’s largest air medical transport network and Bain Capital-backed AirMedCare, is acquiring Oregon-based Emergency Airlift, giving the Northern California company broader, ahem, reach, into the Pacific Northwest. Terms of the deal were not disclosed. The acquisition will enable REACH to expand into the Bend region in central Oregon, […]
Prime Healthcare Services is reportedly in acquisition talks with Daughters of Charity Health System, a nonprofit operator of six California safety-net hospitals that have struggled to remain solvent in recent years. Prime, a private, for-profit system based in Southern California, said it cannot comment on matters of acquisition, but several Bay Area media outlets have […]
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
Mergers and acquisitions across healthcare, pharma and health IT are on the rise, having increased by 18 percent since the second half of 2013, with health IT outpacing all other segments, according to a report from Berkery Noyes. The aggregate value of all healthcare M&A activity jumped 46 percent to $5.45 billion from $3.73 billion. […]