Mergers & Acquisitions
Shahab Vagefi, managing director at investment firm Thomas H. Lee Partners, specializes in healthcare information technology. He paints the landscape, talks how he "picks his spots" and reveals what's top of his mind on the sliding market.
Oracle Industries EVP Mike Sicilia says the newly combined companies will be focused on interoperability, innovation and user-centered design, transforming EHRs from "systems of record into systems of intelligence."
This marks the company's second deal this year. It announced plans to acquire a network of fertility clinics in February.
With the deal, terms of which were not disclosed, Lightbeam aims to expand its proactive and preventive analytics tools with Jvion's prescriptive models and health equity expertise.
"We expect Cerner to be a huge growth engine for years to come," said Oracle CEO Safra Catz of the $28.3 billion deal.
The healthcare cybersecurity company has entered into a definitive agreement to be bought in an all-cash deal. After the merger, it will be taken private as a subsidiary of Clearwater.
This acquisition will allow quip to offer virtual dental care.
The agreement will focus on access to Cigna's PPO provider network and on specialty pharmacy services, with an eye to improving affordability.
The addition of its technology will help secure third-party digital identities – "critical, but often overlooked and vulnerable points of access."
The combined nonprofit health system will encompass 33 hospitals and 385 clinics spread across six states.