Digital Health M&A Inventory: Amazon Enters Prescription Drugs, Nokia Sells Digital Health Business

Recently, Amazon’s $1 billion acquisition of the small online pharmacy PillPack has once again stirred the medical market. Amazon has frequently appeared in the medical market for half a year. In January, it partnered with JP Morgan Chase and Berkshire Hathaway to set up a company to reduce the medical costs of US employees. In February, it was launched with 60 non-prescription drug brands and Alexa. Many applications are used in medical health, and every action has caused some companies to be shocked.

However, in addition to Amazon's unconventional mergers and acquisitions, there are 15 digital health M&A transactions that are equally worthy of attention.

The most active digital health sector in this quarter is telemedicine . The US telemedicine unicorn Teladoc did not stop the pace of buying and buying it. Both Teladoc and American Well have acquired the smaller telehealth company to support some of their products. In inter-enterprise telemedicine, there are also mergers and acquisitions, namely InTouch Health and Reach Health.

Another trend that deserves attention is the integration of market segments. In the field of sleep monitoring, SleepScore Labs acquired Sleep. Ai; maternal and child market space has also become smaller, the US maternal and child digital health care platform Babyscripts acquired iBirth.

One of the most interesting deals of the quarter was a reversal of one of the biggest deals in 2016, and in early May, Nokia announced plans to sell its struggling digital health business to Eric Carreel, co-founder of French startup Withings. Two years ago, Nokia acquired Withings for $191 million, aiming to enter the consumer health product arena. This timely reminds people that not all acquisitions can succeed.

The arterial network compiled and compiled 15 M&A transaction information.

Amazon acquires PillPack

A few months ago there were rumors that PillPack was in talks with Wal-Mart about the acquisition, but in the end online retail giant Amazon bought the company for less than $1 billion (the terms of the deal were not announced, but the $1 billion figure has been Widely reported). With this in mind, it can be seen that Amazon wants to include prescription drugs in its service ambitions. Although Amazon announced in January that a medical joint venture between Berkshire-Hathaway and JP Morgan is still in its infancy.

Teladoc acquires Advance Medical

Teladoc did not abandon its buying and buying pace. After spending $375 million to acquire Best Doctors last year, Teladoc acquired Advance Medical for $352 million for several years. Teladoc is committed to enabling users to turn to their doctors at any time (7 x 24 hours), anywhere via mobile devices, the web, video and phone. The acquisition of Advance Medical is expected to help Teladoc expand its presence in Latin America and Asia Pacific and enable the company to provide care in 20 languages ​​through its platform. The company's CEO Jason? Jason Gorevic said the service will target multinational companies, many of which are headquartered in the United States, but have about one-third of employees in other countries; and some want to strengthen health care international health insurance companies.

Medidata acquires Shyft Analytics

Medidata, a New York-based company, provides cloud storage and data analytics services for clinical trials. The deal valued Shyft at $195 million, including a 6% stake in the Shyft Analytics previously held by Medidata, which was paid in cash.

The two companies have joined forces to create a joint product called the Life Science Intelligence Platform. It is worth noting that this combination of Linchuan data and business information into a more comprehensive platform can optimize the entire process from drug development to commercialization.

Allscripts acquires HealthGrid

EHR provider Allscripts acquired Patient Communications application manufacturer HealthGrid for $60 million in cash, and the terms of the contract required HealthGrid to meet certain revenue targets in the next three years, according to which Allscripts would pay an additional $50 million.

Richard J., President of Allscripts Poulton said in a first-quarter earnings conference call for the acquisition: "The growing popularity of value-based care, coupled with the popularity of patient platforms in the industry, has made it critical to adopt a new approach to patient engagement in designing solutions. "We want to tightly integrate the HealthGrid functionality into our follow-on health platform, adding functionality and hoping to enable our customers to master patients 100% of the existing information, rather than requiring patients to register for the portal."

SCI Solutions acquires DatStat

SCI Solutions, a patient engagement and care coordinator, announced in April that it has acquired DatStat, a company that specializes in digital medical tools and patient engagement, with an unknown amount. SCI Solutions is a platform that provides patient scheduling, referral management and expense management solutions. Currently, SCI Solutions is used by more than 1,000 hospitals and medical imaging centers and more than 13,000 doctors.

The company plans to combine digital self-service provided by DatStat, including tools for doctors to visit doctors, secure messaging systems, summaries and health plans.

SleepScore Labs acquires Sleep. Ai

SleepScore Labs gets sleep. SleepScore Labs, a manufacturer of contactless sleep trackers, acquired the Dutch company Sleep. Ai. The amount of the acquisition is not known. Sleep. Founded in 2014, ai specializes in developing wearable devices and applications that let users know if they are fighting. One of the company's products includes a wearable wristband that can be worn on the user's arm, which vibrates when the user rolls on his back and begins to snore. The wristband also connects to the user's mobile phone.

“Michiel and his team have made incredible progress in improving sleep health, and many customers don’t even know they are suffering from snoring and bruxism,” said SleepScore Labs chief executive Colin Lawlor in a statement. “We are very pleased to welcome Sleep.ai to the SleepScore Labs family and expand our life-changing sleep products.

Livongo acquires Retrofit

Digital chronic disease management company Livongo announced in April that it had acquired Retrofit, which specializes in weight management and disease prevention programs, at undisclosed prices. The acquisition will enable Livongo's customers to use a modified version of the diabetes prevention program. This initiative will also help expand the range of services at Mountain View-based Livongo. Integrate more healthcare professionals into the system, including weight management and nutrition services, to allow users to “push” some positive behaviors.

American Well acquires Avizia

Telemedicine giant American Well acquired Avizia at an undisclosed price at the end of the second quarter. The deal is expected to help American Well develop its first-aid capabilities, which are Avizia's expertise. The deal will allow American Well to obtain Avizia's clinical ambulance and customized software workflows.

“In the past few years, we have been paying close attention to Avizia. We believe that the organization's genes, culture and mission are similar,” said Dr. Ido Schoenberg, CEO of American Well.

InTouch Health acquires Reach Health

InTouch Health announced the acquisition of Reach Health, another telemedicine platform. InTouch Health develops enterprise telemedicine technology for hospitals and medical systems. InTouch Health officials said joining Reach Health will help expand its reach and enhance its ability to help customers implement telemedicine projects across the healthcare system, while existing Reach Health customers will be more supportive, Benefit from reliability, security and synergy.

Eric Carreel repurchased Nokia Digital Health (Withings)

In the past few months, Nokia’s digital health business has experienced ups and downs. A few months later, Eric Carreel, co-founder of French health technology company Withings, repurchased Nokia’s digital health division. According to a statement, Carreel plans to relaunch the Withings brand by the end of 2018.

Eric Carreel said in a statement: "I am very happy to work with the excellent team that has made the brand so successful." "We are facing an exciting challenge and we will continue to promote the boundaries of connected health."

Marlin Equity Partners acquires and merges Virgin Pulse and RedBrick Health

Virgin Pulse and RedBrick Health, which focus on the employee health and wellness engagement platform, announced in May that they would merge in the name of Virgin Pulse. Earlier, Marlin Equity Partners acquired RedBrick Health last week and acquired Virgin Pulse, both of which did not disclose the amount of the acquisition.

The program is designed to make the functionality of both platforms available to their combined customers. The two companies said the newly merged company will continue to support Virgin Pulse and RedBrick Health. Virgin Pulse provides a personalized, mobile-first experience that empowers employees to improve their health. These services will also include RedBrick Health's digital and real-time guidance, health assessment and biometric screening services.

WebMD acquires Jobson Healthcare

WebMD, the Internet branding subsidiary of US private equity giant KKR, also oversees Medscape, a mobile and web-based educational content brand for doctors. The acquisition of Jobson Healthcare, a medical content provider, has not yet disclosed prices. The main goal of the acquisition is to improve the content of Medscape in general, especially for pharmacists and eye care professionals, including optometrists and ophthalmologists. Jobson will continue to operate outside of the existing office and provide many existing publications.

Sophia Genetics acquires Biosoftware

Sophia Genetics, a Genomics AI company, acquired Interactive Biosoftware, a manufacturer of Alamut, a clinical decision support software for clinical genomic data interpretation. Terms of the transaction were not disclosed.

“We are very excited about the acquisition of interactive bio software,” said Jurgi Camblong, CEO and co-founder of Sophia Genetics, in a statement. Sophia AI and Alamut are technologies trusted by the healthcare community, focusing on patient-centered innovation. The addition of Alamut marks a major step forward in helping clinicians better target patients equally. With more than 900 teaching hospitals using our Sophia Genetics technology, we are able to connect clinicians and share knowledge. ”

Wildflower Health acquires Circle

Wildflower Health, a digital health platform that helps patients navigate their interests and connect to resources. The company announced that it will acquire Providence St. Circle Women's Health, a startup for the Joseph Health System Incubator.

The merger is expected to expand Wildflower's supplier base and provide the team's insight into the clinical space. Circle Women's Health platform was created by PSJH clinicians to provide users with health information and resources. It offers a variety of tools and trackers that can be integrated into the system's EHR.

Babyscripts acquires iBirth

Babyscripts, a virtual care platform focused on obstetric management, announced in June that it has acquired iBirth, a pregnancy application from its suppliers, to enrich its enterprise products and further drive patient participation. As part of the agreement, the iBirth team will join the team of Babyscripts, with the application's CEO and co-founder Judith Nowlin as the chief growth officer. No further terms of the acquisition were disclosed.

Babyscripts provides digital health care tools that strengthen the communication between doctors and pregnant women and reduce the risk of pregnancy care. Users will receive a “Mummy Kit” with an Internet weighing scale and a blood pressure cuff, plus a matching app that can detect pregnant women's weight and blood pressure indicators. All collected data is known to be sent to the corresponding clinic, which in turn allows the doctor to provide quality care.

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