August 20, 2020
Vocera Communications, the maker of hands-free communication devices for hospitals, announced yesterday that it has purchased patient-messaging technology company EASE Applications.
While the two companies did not share the terms of the deal, the announcement did note that "approximately eleven" EASE employees would be issued restricted stock units equal to roughly 60,000 shares of Vocera common...
August 17, 2020
The current moment of health innovation and investment spurred by the COVID-19 crisis seems to be accelerating, if not driving, the consolidation of the digital health space. While Teladoc and Livongo loom as the most striking recent example, Omada’s purchase of Physera in May was also bolstered by the pandemic and its follow-on effects, CEO Sean Duffy told MobiHealthNews in a recent interview....
(Photo by Kimberly White/Getty Images for TechCrunch)
August 13, 2020
Last week the digital health world was taken by storm when news broke that virtual health giant Teladoc was set to acquire chronic care management platform Livongo in a whopping $18.5 billion deal.
Livongo has had quite a year in a half. Last July, it went public with a listing price of $28 a share. At the time of the acquisition, each share was valued at roughly $159. Its news has also included...
August 11, 2020
This morning medical device company Medtronic announced its plans to buy Companion Medical, which is best known for making the InPen, an insulin pen that integrates a companion app, for an undisclosed sum.
Companion Medical has been in the digital health game for some time. Its InPen fist scored FDA clearance in 2016 and its funding round attracted the likes of pharma giant Eli Lilly. The...
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 (...