August 7, 2020
The MobiHealthNews team members — host Jonah Comstock, Managing Editor Laura Lovett and Associate Editor Dave Muoio — sit down to unpack the major shakeup that hit the digital health markets this week when telemedicine giant Teladoc announced its plan to merge with chronic condition management success story Livongo. We talk details, motivations and implications of this digital health mega-company...
August 5, 2020
Private equity firm Blackstone is set to acquire a majority share of consumer-genomics company Ancestry for $4.7 billion.
The firm, which is currently owned by other investors, including Silver Lake, GIC, Spectrum Equity and Permia, got its start using genomics to tell customers about their heritage. However, it has recently shifted to also incorporate health information.
After the deal is...
August 5, 2020
Digital health titans Teladoc Health and Livongo are merging under the Teladoc name. The deal values the 12-year-old digital chronic care-management company Livongo at $18.5 billion.
Teladoc CEO Jason Gorevic is expected to remain at the helm of the soon-to-be joint company, while Livongo’s CEO and founder Glen Tullman will be taking up a seat on the Teladoc board.
Teladoc plans to buy Livongo...
July 31, 2020
SOC Telemed, formerly Specialists on Call, will join the Nasdaq stock exchange by merging with Healthcare Merger Corporation, a special purpose acquisition company. Sometimes referred to as a "blank check" acquisition, merging with a special purpose acquisition company is an alternate way for a company to go public.
The combined company will operate under the name SOC Telemed and will be listed...
July 28, 2020
Sharecare, a digital patient engagement company, announced on Monday that it is purchasing WhiteHatAI, which focuses on using artificial intelligence to address healthcare payments, for an undisclosed amount.
Sharecare is focused on reviewing claims data in order to detect any false claims, waste, abuse or fraud in the system. This comes as Sharecare has boosted its medical records and medical...
July 15, 2020
Three health tech startups and spinouts announced today a merger to become a single entity focused on delivering virtual-care products and population health insights for seniors.
Curavi Health, CarePointe and U.S. Health Systems (USHS) are set to become wholly owned subsidiaries of the new company, Arkos Health, and the executive teams of each will be merged.
UPMC's existing stake in Curavi (...
July 10, 2020
Economic downturns and catastrophic events can often prompt market consolidation, so perhaps it's no great surprise that the first half of 2020 has been unusually active when it comes to mergers and acquisitions, especially in the second quarter.
MobiHealthNews tracked 23 confirmed acquisitions in Q2, plus one credibly reported one, and another 11 in Q1, for 35 so far this year – six up from last...
July 6, 2020
The U.S. Air Force has inked a $1.3 million deal with MFB Fertility in order to provide military members and their partners the former’s home fertility tests.
The Air Force’s AFWERX office will invest in Proov, an at-home ovulation test with FDA clearance. The test works by measuring Pregnanediol Glucuronide (PdG), the urine metabolite of progesterone, which is released by the ovary after...
June 30, 2020
Garmin announced today that it has purchased Firstbeat Technologies' Firstbeat Analytics, its business unit responsible for physiological-measurement algorithms for use with consumer health and wellness devices. The terms of the deal were not disclosed.
Headquartered in Jyvaskyla, Finland, Firstbeat Analytics has been providing software that interprets various data collected from sensors. It has...
June 30, 2020
Exercise apparel company lululemon athletica announced yesterday that it will be acquiring Mirror, an in-home fitness-content-streaming platform, for $500 million in a deal slated to close at the end of the second fiscal quarter.
lululemon said in its announcement that Mirror will continue to operate as a standalone company underneath its new parent. Launched in 2018, Mirror had raised roughly $...