Mergers & Acquisitions

By Jonah Comstock 03:20 pm 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...
By Laura Lovett 11:37 am 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...
By Dave Muoio 03:19 pm 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 (...
By Jonah Comstock 11:46 am 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...
By Mallory Hackett 10:08 am 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...
By Dave Muoio 03:16 pm 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...
By Dave Muoio 01:31 pm 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 $...
By Dave Muoio 02:23 pm June 29, 2020
Editor's note: An earlier version of this story stated that Brainlab is based in Berlin, rather than Munich.  Level Ex, a Chicago startup that makes medical-training video games for doctors, has been acquired by Munich-based medical-technology company Brainlab, the companies announced today. The companies did not disclose the terms of their deal, although Level Ex CEO Sam Glassenberg told...
By Dave Muoio 03:00 pm June 26, 2020
Israel-based smartphone urinalysis and wound-care startup Healthy.io is purchasing fellow home-diagnostics company Inui Health in a roughly $9 million cash deal, CNBC reports. The agreement also involves milestones that Inui Health will need to meet, and sees CEO Dr. Jaime Tenedorio take on a new role within Healthy.io's team. MobiHealthNews has reached out to both companies for confirmation of...
By Dave Muoio 02:34 pm June 18, 2020
Community care service-coordination platform Unite Us announced this week that it has acquired Staple Health, a social determinants of health analytics company. The terms of the deal were not disclosed. Founded in 2017, Staple Health's specialty is predictive analytics regarding the role social factors can play in various health outcomes. Unite Us was interested in adding these strengths to its...