M&A

By Laura Lovett 02:59 pm September 16, 2019
TrialCard, a company that works with pharma manufacturers to link patients to medications and services, announced last week that it is set to acquire Mango Health, maker of a gamified patient engagement tool and medication adherence platform, for an undisclosed amount.  As part of the deal, TrialCard will acquire Mango's app, which lets patients track their medication and adherence. It also has a...
By Dave Muoio 03:05 pm September 5, 2019
OptimizeRx, a software company that enables digital health messaging between pharmas and providers, has announced plans to acquire RMDY Health, a SaaS platform designed for digital therapeutics, within the next 30 days. According to the notice, RMDY shareholders will be receiving $8 million in cash and another $8 million in equity upon the deal’s closure. OptimizeRx said that additional details...
By Dave Muoio 03:11 pm August 12, 2019
Last week Experian Health, maker of a healthcare revenue cycle management platform and other health IT enterprise tools, announced that it signed an agreement to acquire Nashville-based digital care coordination company MyHealthDirect. The terms of the deal were not disclosed. "Experian Health’s mission is to use data-driven insight to connect and simplify healthcare for all,” Jennifer Schulz,...
By Laura Lovett 12:04 pm July 18, 2019
European tech giant Philips has inked a deal to acquire Medumo, a startup focused on tracking and triaging patients. The news, which CNBC first reported, means the small Boston-based company will now be joining Philip’s growing digital health portfolio.  “We're excited to share with you that Medumo is now a Philips company,” reads a banner on the Medumo website. “Our partnership with Philips will...
By Dave Muoio 03:20 pm July 16, 2019
The first half of 2019 has been bigger for digital health than any year opening before it, according to a new funding report from Mercom Capital Group. While these conclusions were similar to those of MobiHealthNews and Rock Health, both released earlier this month, Mercom’s count pegged 2019’s to-date funding a bit higher at $5.1 billion raised through 318 deals (2018 saw $4.9 billion from 383...
By Jonah Comstock 10:58 am July 4, 2019
With 12 deals, the second quarter of 2019 was lighter on M&A than some, but the acquisitions that did happen were major — like UnitedHealth Group acquiring PatientsLikeMe, Allscripts snapping up ZappRx, and even a small quiet Apple acquisition (which came to light this quarter but likely occurred before then). And mergers and acquisitions weren’t the only exits happening this quarter. Much...
By Dave Muoio 03:45 pm July 1, 2019
San Antonio, Texas-based Carenet Health — a maker of healthcare engagement, clinical support, telehealth and care navigation products — has acquired software maker Citra Health Solutions’ engagement and telehealth subsidiary, according to an announcement from the companies. While the deal's price tag was not disclosed, a representative of the companies told MobiHealthNews that Carenet is picking...
By Laura Lovett 03:16 pm July 1, 2019
In spite of predictions that digital health funding would slow in 2019, the industry is on track for yet another record-shattering year of funding, according to the latest Rock Health report. Now at the midway point, 2019 has seen a total of $4.2 billion dollars of digital health investment dollars by the agency's count.  “If this pace holds steady, the sector is on track for an $8.4 billion year...
By Laura Lovett 04:12 pm June 27, 2019
On Monday, online patient support community PatientsLikeMe sent an email to its members announcing that it inked a deal with UnitedHealth Group, becoming part of the latter’s research branch.  While both companies were upbeat about the deal, the public’s reaction has been far from universally positive. Concerns around privacy and data sharing in particular began to surface on social media, as...
By Leontina Postelnicu 07:20 am June 20, 2019
Funding news. Berlin-based digital health company Cara Care has secured $7m (€6.2m) in Series A funding in a round led by Johnson & Johnson Innovation and Asabys Partners. Existing investors Atlantic Labs also participated, bringing the total amount raised to over $9m (€8m). Cara Care was founded by André Sommer and Jesaja Brinkmann in 2016, and it has developed a mobile app aiming to help...