Healthcare Technology Week-In-Review

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

View the Report – 2/19/21


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

View the Report – 2/12/21


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

View the Report – 2/5/21


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

View the Report – 1/29/21


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

View the Report – 1/22/21


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

View the Report – 1/15/21


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

View the Report – 1/8/21


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

View the Report – 12/18/20


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

View the Report – 12/11/20


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

View the Report – 12/4/20


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

View the Report – 11/20/20


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

View the Report – 11/13/20


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

View the Report – 11/6/20


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

View the Report – 10/30/20

 

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