This week, health data platform Arcadia acquired CareJourney, a health analytics firm designed to facilitate participation in value-based care contracts. The deal combines Arcadia’s data platform, analytics and workflow tools with CareJourney’s trove of data on cost, quality and benchmarks.
Q1 2024 saw a significant rise in the number of hospital M&A deals compared to the past three Q1s. Experts believe this M&A activity will continue to climb throughout this year and next — motivated by both financial distress and hospitals’ desire to improve strategic business lines like value-based care and digital healthcare services.
Hear executives from Quantum Health, Surescripts, EY, Clinical Architecture and Personify Health share their views on digital transformation in healthcare.
Experts have predicted that 2024 will be an eventful year for hospital M&A activity. As the industry prepares for another big year, there are a few things that health system leaders involved in these deals should keep in mind to make the process as smooth as possible, according to DexCare CEO Derek Streat.
Elicio Therapeutics dipped its toe in the IPO waters but decided to go public by merging with publicly traded Angion Biomedica. Clinical-stage Elicio is developing immunotherapies, including cancer vaccines, that work by targeting immune cells located in the lymph nodes.
CommonSpirit Health CEO Lloyd Dean is retiring next summer, while Jefferson Health CEO Dr. Stephen Klasko will step down at the end of the year. The longtime leaders have led their respective systems through several highs and lows, including the turbulent first 18 months of the Covid-19 pandemic.
About 73% of health insurance markets are highly concentrated, and in 46% of markets, one insurer had a share of 50% or more, a new report from the American Medical Association shows. The report comes a few months after President Joe Biden directed federal agencies to ramp up oversight of healthcare consolidation.
Executives from Imagine360, Verily, BrightInsight, Lantern, and Rhapsody shared their approaches to reducing healthcare costs and facilitating digital transformation.
Which capital funding options fit your healthcare or life science business?
The mortality rates at rural hospitals for certain conditions, including heart attacks and stroke, decreased in the years following a merger or an acquisition compared with facilities that remained independent, a new study shows. This is a departure from research done on the effects of M&A on urban hospitals.
In the second quarter of 2021, the top five deals alone were worth $1.6 billion, representing 30% of the total funding raised. In addition, six telehealth companies joined the unicorn club, including LetsGetChecked and Thirty Madison.
President Joe Biden's new executive order aimed at reducing anti-competitive behavior across industries includes directing federal agencies to revise guidelines for hospital mergers, enable people to comparison shop health plans on the ACA marketplaces and work with states to import drugs from Canada.
Closing cancer health equity gaps require medical breakthroughs made possible by new funding approaches.
The total number of mergers and acquisitions in healthcare fell below historic figures for the second quarter of the year, but was offset by higher deal values. Trends in the space also appear to be shifting, with an increasing number of regional partnerships occurring among health systems as opposed to acquisitions of independent hospitals.
Though there has been a slew of failed merger plans in recent months, providers' interest in consolidation has not ebbed. Midwest-based Beaumont Health and Spectrum Health announced they are exploring a merger, as did Rush Health Systems and Ochsner Health, which are located in the South.
The health systems ended negotiations for the sale of 14 CommonSpirit Health facilities to Essentia Health. Though the organizations did not comment on the reason for their decision, the move comes a few months after healthcare workers filed a petition detailing their concerns, including that the deal could result in layoffs.
As a result of rapid consolidation, the 10 biggest health systems controlled 24% of market share based on patient revenue by 2018. The trend is expected to continue through the next decade, with health systems facing growing financial pressures and an increase in demand for new types of care delivery.
The two companies finalized their merger on Friday, with Livongo becoming a subsidiary of Teladoc. Shareholders overwhelmingly approved the deal on Thursday.