M&A

By Laura Lovett 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 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 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 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 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 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 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...
By Dave Muoio May 28, 2019
This month’s news that Apple had picked up the patent rights for a passive health monitoring system from startup Tueo Health does not appear to the only business occurring between the two companies. On Friday, CNBC reported that the consumer tech company had also outright acquired the small respiratory health company for an undisclosed sum. Tueo Health’s website was pulled down at some point late...
By Laura Lovett May 9, 2019
This morning a private equity firm by the name of Warburg Pincus merged DocuTAP, maker of a tablet-based EMR and practice management software, with Practice Velocity, an urgent care EHR company. The firm plans on uniting the two companies under the name Experity.  WHAT’S THE IMPACT After the merger, the company promises existing clients that it will continue to support all platforms and service....
By Jonah Comstock March 19, 2019
Teladoc Health has announced another acquisition that will bolster its growing international line of business. The US virtual care company will acquire Paris, France-based MédecinDirect, which provides confidential medical consultations via phone and internet. The terms of the acquisition were not disclosed, but Teladoc said “the acquisition will be immaterial to Teladoc Health’s financial...