Healthcare Technology Week-In-Review
February 19, 2021
This Week’s Healthcare Highlights:
- Sharecare to merge with SPAC at an Enterprise Value of $3.8 billion
- UnitedHealth Group acquires General Atlantic-backed Landmark Health for $3.5 billion, according to MergerMarket
- Owlet Baby Care to merge with SPAC at an Enterprise Value of $1.1 billion
- Eden Health announces $60 million Series C led by Insight Partners
- Equip announces $13 million Series A led by Optum Ventures
- CloudMD announces acquisition of VisionPros for $70 million
- Cohort announces $11 million Series B led by F-Prime Capital
February 12, 2021 Healthcare Highlights:
- New Mountain Capital-backed Signify Health begins trading on NYSE with $564 million IPO, prices above revised range
- UnitedHealth Group acquires FTV Capital-backed VPay for $600 million, according to MergerMarket
- Zocdoc announces $150 million growth financing from Francisco Partners
- Welsh, Carson and Apax-backed Innovage files registration statement for proposed IPO
- Sema4 to Merge with SPAC at an Enterprise Value of $2.1 billion
- Raine Capital-backed The Beachbody Company, Myx Fitness to Merge with SPAC at an Enterprise Value of $2.9 billion
- Modern Health announces $74 million Series D valuing company at $1.2 billion led by Founders Fund
- Oak Street Health, OptimizeRx, Peloton each announce pricing of capital markets offering
February 5, 2021 Healthcare Highlights:
- 23andMe to merge with SPAC at an Enterprise Value of $3.5 billion
- eHealth announces $225 million PIPE from H.I.G. Capital
- Capital Rx announces $50 million Series B led by Transformation Capital
- AbryPartners announces acquisition of WestViewCapital Partners-backed CloudWave
- VC-backed Sharecare announces acquisition of Beringea-backed doc.ai
- Alma announces $28 million Series B led by Insight Partners
- Zyter announces acquisition of Casenet from Centene
January 29, 2021 Healthcare Highlights:
- Lyra Health announces $187M Series E led by Addition at a $2.3B valuation
- Sidecar Health announces $125M Series C led by Drive Capital at a $1B valuation
- TimelyMD announces $60M growth investment led by JMIEquity
- Equality Health announces strategic investment from General Atlantic
- Clearlake and SkyKnight-backed symplr acquires Dallas Ventures and Rex Health-backed Phynd
- Pamplona Capital-backed GetWellNetwork announces acquisition of VC-backed Docent Health
- New Mountain Capital-backed emids announces acquisition of Macadamian
January 22, 2021 Healthcare Highlights:
- Philips acquires Francisco Partners-backed Capsule Technologies for $635 million
- New Mountain Capital-backed Signify Health files registration statement for proposed IPO
- Great Hill Partners-backed RxBenefits announces $1.1B recapitalization from Advent International
- K Health announces $132M Series E led by GGVCapital and Valor Equity Partners at a $1.5B valuation
- Aledade announces $100M Series D led by MeritechCapital at a $2.1B valuation
- Everlywell announces a $75M private placement with HealthQuest Capital at a $1.3B valuation
- MultiPlan Corporation acquires Carrick Capital Partners-backed Discovery Health Partners for $155M
- Boston Scientific acquires Merck GHI-backed Preventice for $1.2B
January 15, 2021 Healthcare Highlights:
- Talkspace to merge with SPAC at an enterprise value of $1.4 billion
- Accolade acquires 2nd.MD for $460 million
- Keep announces $360 million Series F led by Softbank Vision Fund
- Healthcare Fraud Shield announces $50 million growth investment from Charlesbank
- Paige announces $100 million Series C led by Casdin Capital and JJDC
- General Atlantic acquires majority stake in Vistria-backed CareMetx
- Komodo Health announces $44 million Series D led by ICONIQ Growth and acquires Mavens
January 8, 2021 Healthcare Highlights:
- Optum acquires Change Healthcare for $13 billion
- Oscar files for an IPO
- Veritas Capital-backed Gainwell acquires HMS for $3.4 billion
- Centene acquires Magellan Health for $2.2 billion
- Alphabet subsidiary Verily announces $700 million capital raise
- Hinge Health reported to raise a $300 million Series D led by Coatue and Tiger Global at a $3.0 billion valuation
- Color announces $167 million Series D led by General Catalyst and T. Rowe Price at a $1.5 billion valuation
December 18, 2020 Healthcare Highlights:
- Cerner acquires Bain Capital-backed Kantar Health for $375 million
- Oscar announces $140 million Series D led by Tiger Global at over a $6 billion valuation
- Nordic Capital-backed ERT merges with Cinven-backed Bioclinica
- GTCR-backed Cedar Gate Technologies acquires Deerwalk
- Transformation Capital-backed Scientist.com acquires HealthEconomics.com
- Modern Health announces $51 million Series B led by Battery Ventures at over a $500 million valuation
- Diameter Health announces $18 million Series B led by Centene Corporation
December 11, 2020 Healthcare Highlights:
- Cityblock Health announces $160 million Series C led by General Catalyst at over a $1 billion valuation
- Dragoneer & JMI Equity-backed PointClickCare acquires Kleiner Perkins-backed Collective Medical for $650 million
- Calm announces $75 million Series C from Lightspeed Ventures at a $2 billion valuation
- Pear Therapeutics announces $80 million Series D led by Softbank Vision Fund 2
- LeanTaaS announces $130 million Series D led by Insight Partners
- General Catalyst-backed Ro acquires Heritage Group-backed Workpath
December 4, 2020 Healthcare Highlights:
- Olive announces $226 million Series G led by Tiger Global at a $1.5 billion valuation
- Quantum Health announces growth investment from Warburg Pincus and Great Hill Partners
- UpHealth Holdings and Cloudbreak Health merger with SPAC for $1.4 billion
- New Mountain Capital-backed Signify Health acquires PatientBlox
- GTCR-backed Transaction Data Systems acquires Kloudscript
- Virta Health announces $65 million Series D led by Sequoia Capital at a $1.1 billion valuation
- Novacap acquires GI-Partners-backed Logibec
November 20, 2020 Healthcare Highlights:
- Amazon introduces Amazon Pharmacy to deliver prescription medicine
- Strava announces $110 million Series F led by TCV and Sequoia Capital
- Clearlake Capital acquires Pamplona-backed nThrive’s Technology Division for over $1 billion
- Abry Partners-backed Centauri Health Solutions acquires Ivy Ventures
- Spring Health announces $76 million Series B led by Tiger Global
- K Health announces $42 million Series D led by Valor Equity Partners
- Headway announces $26 million Series A led by Thrive and GV
November 13, 2020 Healthcare Highlights:
- Quarterly earnings continue to be released (AMWL, BNFT, EVH, GDRX, HCAT, HMSY, MPLN, OSH)
- Centene acquires SSM Partners-backed Apixio
- MultiPlan acquires HST for $140 million
- Revolution Growth-backed Talkspace acquires Lasting
- Buoy Health announces $38 million Series C led by Cigna Ventures and Humana
- Eko announces $65 million Series C led by Highland Capital Partners and Questa Capital
November 6, 2020 Healthcare Highlights:
- Teladoc closes its merger with Livongo
- GuideWell acquires majority stake in New Directions
- Ushur announces $25 million Series B led by Third Point Ventures
- WELL Health acquires DoctorCare for C$18 Million
- MedAdvisor acquires Adheris from Syneos Health for $35 million
- Warburg Pincus-backed SOC Telemed closes its SPAC merger
October 30, 2020 Healthcare Highlights:
- Busy Week of Quarterly Earnings and Equity Offerings
- Under Armour Divests MyFitnessPal to Francisco Partners for $345 Million
- Apollo-Backed Intrado Corp Divests Health Advocate to Teleperformance for $690 Million
- Clearlake Capital-backed symplr Acquired Arsenal Capital-backed TractManager
- Serent Capital Acquired a Significant Growth Investment in Employer Direct Healthcare
- Honor Announced $140 Million Series D Led by Ballie Gifford and T. Rowe Price Associates
- Whoop Announced $100 Million Series E Led by IVP
