Three venture-backed health IT companies completed IPOs in July, ending an almost three-year drought of health IT IPOs. Share prices soared following each IPO, indicative of the enthusiastic response and a desire to see more health IT companies make their way toward public debuts. Composition of revenue, gross margin, and growth are key differentiators between these and all companies and key drivers…
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HGP’s July Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of July. Health IT saw four IPOs during a five week period from late June to late July, including Livongo, Health Catalyst, Phreesia, and Change Healthcare. All were welcome by the market with strong first day performance, with Health Catalyst, Phreesia, and Livongo…
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Following the release of our Semi-Annual Market Review, HGP's very own Chris McCord was interviewed for an article published on The Deal (www.thedeal.com) on July 23, 2019. The article explores current market dynamics in the Healthcare IT M&A market, noting in particular that even with a rising supply of companies seeking an exit, valuations remain…
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Healthcare Growth Partners is pleased to release our Semi-Annual Health IT Market Review. Our semi-annual report summarizes M&A and private equity activity across health IT, health information services, and digital health. This edition of the report includes findings from HGP’s analysis of the backlog of venture capital and private equity backed companies which have not yet seen an exit via M&A…
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OmniSYS, a technology company focused on innovative solutions for the retail pharmacy industry, announced today that it has acquired STRAND Clinical Technologies. STRAND helps retail pharmacists launch and support clinical services within…
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Even though 2014 was supposed to be the “year of the wearable” according to Forbes, five years later we are now seeing the wearable reach maturity and mass-adoption. This increase in adoption…
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HGP’s May Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of May. Reflecting the ongoing trend to drive profits beyond care delivery, Bon Secours sold a 51% interest in its RCM subsidiary, Ensemble Health, to Golden Gate Capital for $1.2 billion. Also in the RCM space, JP Morgan announced a $500mm acquisition of InstaMed, a…
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HGP’s April Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of April. Health IT transaction activity reflected the dynamic nature of the industry in April, with transactions ranging from consumer wellness and lifestyle platforms to AI-based clinical decision support solutions. During the month, CMS introduced new value-based…
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Chartswap, developer of a cloud-based HIPAA compliant Health Information Exchange connecting a network of records providers with requestors, was acquired by Ontellus, the industry leading, nationwide full-service procurer of medical, billing, employment records and other claims related data services. "Our goal at ChartSwap…
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HGP’s March Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of March. Buyout funds were active with a number of growth transactions that reflect the very broad interest across Health IT. Meanwhile, the market is seizing on a thesis that pharmacies can extend beyond medication dispensing and provide access to care at lower costs,…
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