According to reports in the Wall Street Journal and other news outlets, Kindred Healthcare Inc. (KND:NYSE) finally found a big enough diamond to convince Gentiva Health Services Inc. (NASDAQ: GTIV) to put the ring on its finger. It will not be a long engagement; Gentiva shareholders are expected to approve the proposal in time for […]
MINNEAPOLIS, MN – Medtronic, Inc. (NYSE: MDT) announced Monday the closing of the acquisition of Cardiocom, a privately held developer and provider of integrated telehealth and patient services for the management of chronic diseases, in an all cash transaction valued at $200 million. Medtronic expects the net impact from this transaction to be neutral […]
When Dave Cormack moved from Scotland to Atlanta to join Brightree as CEO in 2005, the Home Medical Equipment software company was a startup with a fledgling SaaS product, twelve employees and fewer than 100 provider customers. Today, the $70 million company of 500 employees serves 2,700 customers with 52,000 users. Dave Cormack We […]
Bayer HealthCare, a subsidiary of German-based Bayer AG, has quietly exited the U.S. home telehealth marketplace. Effective May 1, the international company sold Viterion TeleHealthcare to a newly-formed company that will be known as Viterion Corporation. The new company will receive investment and strategic support from NSD Co., Ltd., a Japan-based IT systems integrator, […]
By Jon Linkous There has been increasing attention lately to the rise of “Big Med.” Coined by Atul Gawande, MD at Brigham & Women’s Harvard teaching hospital, in the August 2012 edition of The New Yorker (link), the term refers to the accelerating instances of mergers, acquisitions and affiliations that are taking place throughout healthcare. […]
The author provides details about the acquisition by Brightree LLC, the leading provider of billing and business management software solutions for the home medical equipment (HME) market, of home health and hospice software provider CareAnyware, Inc. of Raleigh, NC.
According to Health Data Management, Allscripts is actively entertaining offers from private-equity firms for a leveraged buyout to take the healthcare IT company private. The Chicago-based hospital, physician practice and home healthcare software developer’s unexpected move followed two recent negative events–strife within the Board of Directors and failure to win a $302 million contract. Details […]
