Oracle buys health-tech provider Cerner in a bid to expand its cloud/AI offerings to healthcare
Key Insights and Signals – Hospital & Healthcare
Providers – Hospital
Mergers and Acquisition HCA Healthcare buys MD Now, boosts Florida presence The acquisition of MD Now has added 59 Florida urgent care centers to HCA Healthcare’s portfolio. The acquirer currently operates more than 170 clinics in 19 markets. The move boosts HCA’s ability to provide patients with multiple outpatient care options in Florida. Read More>> Acadia Healthcare announces the acquisition of CenterPointe Behavioral Health System The acquired assets consist of four inpatient hospitals with 260 acute care beds and 46 specialty beds for substance use, and 10 outpatient locations. Acadia funded the acquisition through a combination of cash on hand and borrowings under the company’s revolving credit facility. Read More>> DispatchHealth acquires Dynamic Mobile Imaging Dynamic Mobile Imaging has been focused on bringing innovative technology with a localized approach to their mobile imaging services for patients and partners. In-home healthcare provider DispatchHealth has become one of the largest mobile imaging providers following its acquisition of Dynamic Mobile Imaging. Read More>> Centene closes USD 2.2 Bn acquisition of Magellan Health Centene has completed its acquisition of managed treatment corporation Magellan Overall health, transferring the insurer further into the behavioral health and fitness house. Magellan will work independently and will be led by CEO Ken Fasola. Read More>>Partnership Encompass Health (EHC) forms JV, boosts presence in Idaho EHC recently unveiled a joint venture (JV) with Idaho-based healthcare provider Saint Alphonsus Health System. The deal involves utilizing EHCs proven home health and hospice operational expertise and providing better health outcomes across the state. Read More>> Highmark Health and Bosch launch Research Collaboration The new research collaboration aims to study the role of deep audio AI in diagnosing Pediatric Pulmonary Conditions. Highmark Health and Bosch are applying the same principles of the stethoscope by using AI-enabled sensor technology to listen and detect audio cues that could help with patient diagnosis. Read More>>Executive Movement Centene appoints Jim Murray as Chief Transformation Officer Mr. Murray will report to Sarah London, Vice Chairman of the Board for Centene, and will lead Centene’s previously announced Value Creation Office and the Centene Advanced Behavioral Health division.Read More>> Altru Health System names new CEO Todd Forkel has been selected as Altru’s new Chief Executive Officer (CEO), effective February 28, 2022. Forkel was praised in a press release for his visionary leadership. Before his most recent role with Avera, he served in leadership roles with Essentia Health, Innovis Health, and Mayo Clinic. Read More>>Center setup and Expansion Hartford HealthCare opens an oncology center in Fairfield Oncology and Infusion Center in Fairfield believes working with a patient and taking a multidisciplinary approach to their illness makes the work interesting. The new expansion allowed the facility to have more exam and treatment rooms, as well as space for staff and a better experience for the patients. Read More>>
Payers – Insurance and Financial Services in Healthcare
Mergers and Acquisition Digital GP provider Push Doctor acquired by Square Health Following the acquisition, the Push Doctor business will become a division and trading brand of Square Health, a provider of private digital healthcare for insurance companies and corporates. The two firms are highly complementary and allow the opportunity to bring the best in clinical, technological, and service delivery. Read More>>Partnership Humana enhances Value-based care with Vancouver Clinic Humana teams up with Vancouver Clinic to provide the local communities with additional access to its patient-focused primary care. Enliven, a result of the partnership between Humana and Vancouver accepts all Humana Medicare Advantage HMP and PPO plans available in Oregon. Read More>>Executive Movement Pamela Shipley to lead Kaiser Permanente Georgia Shipley comes to Kaiser Permanente from Sharecare, a virtual health solutions company where she served as COO. In this role, she will lead the organization’s focus on providing more Georgians with access to quality care and service. Read More>>
Healthcare Tech – Tech companies in Healthcare
Mergers and Acquisition Oracle is acquiring Cerner for USD 28 Bn Oracle made Cerner an all-cash tender offer for USD 95 per share and will give Oracle’s cloud business an immediate boost. Cerner will be a substantial additional revenue growth engine for Oracle for years to come, as Oracle expands Cerner’s business into many more countries. Read More>>Partnership Prime Healthcare and Carbon Health partner to provide exceptional care to Patients Prime is formally joining Carbon Health Connect, Carbon Health’s partnership ecosystem to increase access to critical health services. Carbon Health and Prime Healthcare are aligned in their mission to make high-quality healthcare accessible to everyone.Read More>> RWJBarnabas affiliate partners with data analytics firm to create Predictive Health Solutions The Center for Discovery, Innovation, and Development (CDID), an affiliate of RWJBarnabas Health’s Children’s Specialized Hospital with Pinnacle Solutions, will initially use the software to tackle the problem of patient no-shows.Read More>>Executive Movement UnitedHealth Group names new Chief Medical Officer Dr. Margaret-Mary Wilson was promoted from Executive VP to Chief Medical Officer to lead the company’s clinical innovations, focusing mainly on improving health equity.Read More>>
Key Insights and Signals in Medical Devices
Mergers and Acquisition signals Thermo Fisher wraps up USD 17.4 Bn deal for Wilmington-based PPD Thermo Fisher plans on expanding biotech and pharmaceutical customers with the addition of PPD’s leading clinical research services benefiting patients worldwide. Thermo Fisher expects to realize nearly USD 125 Mn overall in synergies within the first three years of the acquisition.Read More>> Stryker to buy healthcare software company for nearly USD 3 Bn The deal will add to Stryker’s Medical division with a product portfolio that connects nurses and other hospital caregivers with digital devices that monitor and collect data on patients. The acquisition will make Stryker a leader in an emerging and fast-growing market for digital devices used in care settings.Read More>> Quidel buying Ortho Clinical Diagnostics for USD 6 Bn Quidel will buy Ortho Clinical with a combination of cash and newly issued shares in the combined company. The combination with Ortho will help solidify Quidel as a leader in the diagnostics industry to enhance the health and well-being of patients across the globe.Read More>> Baxter completes USD 10 Bn acquisition of Hillrom Baxter’s acquisition of Hillrom has formed one of the world’s leading medical technology companies, centered around a shared vision to transform healthcare. The Baxter-Hillrom combination unlocks the next transformation phase, presenting a new wave of potential to drive greater impact worldwide.Read More>>Partnership signals vPhrase announces collaboration with Healthcare Giant LifeScan Recently, vPhrase teamed up with LifeScan to help them increase their sales force effectiveness. LifeScan found that they could create highly personalized reports across all levels of the sales hierarchy through Phrazor’s ready-to-use reporting templates.Read More>> Bio-Techne, Akoya Biosciences partner to develop Automated Spatial Multiomics Workflow The partners intend to commercialize an automated, spatial Multiomics workflow that can perform rapid, in situ analysis of multiple analytes at single-cell resolution and across whole slides.Read More>>Executive Movement signals Bioventus appoints Michelle McMurry-Heath to Board of Directors The company has announced the appointment of Michelle McMurry-Heath, MD, Ph.D., to the company’s Board of Directors, effective January 1, 2022. Over the past 20 years, as both a physician and scientist, McMurry-Heath has served in dynamic policy, regulatory, commercial health care, and advocacy roles. She will join the Board as an independent director.Read More>>
Key Insights and Signals in Pharmaceutical
Mergers and Acquisition signals Serum’s Covishield Technologies (CTPL) to merge with Biocon Biologics (BBL) Post-merger of CTPL, BBL will get committed access to 100 million doses per annum for 15 years, primarily from SILS’s upcoming vaccine facility in Pune with commercialization rights of the SILS vaccine portfolio, including Covid-19 vaccines for global markets. Read More>> Sanofi to pay USD 1.2 Bn to acquire Amunix and its Stealth Technology The deal brings with it Amunix’s proprietary stealth technology XTEN and masking technology platform Pro-XTENTM, with the aim of developing transformative T-cell engagers (TCE) and cytokine therapies for patients with cancer. Read More>>Partnership signals G42 Healthcare and AstraZeneca to collaborate As part of this collaboration, G42 Healthcare, a subsidiary of Abu Dhabi’s artificial intelligence and cloud computing company G42, and AstraZeneca will work closely together to explore real-world evidence and conduct clinical trials through IROS – the first-of-its-kind Contract Research Organisation (CRO) in the UAE. Read More>>Center setup and Expansion Horizon Therapeutics is expanding in Montgomery county The global life sciences company will occupy an entire building, which is the first one under construction at the complex and is scheduled to be ready sometime in 2023. The new facility will also allow Horizon Therapeutics to quadruple its current Maryland footprint and develop new medicines for patients with rare, autoimmune, and severe inflammatory diseases.Read More>>
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Latest Industry Insights from Draup Braindesk
Blue Shield of California:
Blue Shield of California is a non-profit mutual benefit corporation and health plan provider. The firm offers insurance products including HMO, preferred provider organization, dental and medicare supplemental plan, accidental death and dismemberment, executive medical reimbursement, life insurance, and vision and short-term health plans.
The company enhancing its Telehealth services by developing community resource center to serve healthier life for patients.
By adding new services, Blue Shield of California offer diabetes patients with nutrition support.
Infosys is the major outsourcing partner for Blue Shield of California and majorly working on Application Development & Maintenance and Consulting & System Integration related engagements.
Strategic Initiatives:
Blue Shield of California collaborated with Solera Health to include Headspace application for its members. The mindfulness and meditation application helps customers in reducing stress and increasing resilience.
Blue Shield of California has partnered with Google Cloud to transform medical bills by automating and simplifying the billing and payment process for providers and patients.
Blue Shield of California partnered with CommonSpirit Health, and OODA Health launched Member Payments. The collaboration helps transform the medical payment system into a simple, transparent, and more immediate, retail-like experience for patients and medical providers.
Blue Shield of California is investing in a non-profit organization to advance the health and well-being of youth and communities of color. The investment focuses on youth development, social justice, and health equity.
San Francisco Bay Area, United States, is the primary location for Blue Shield of California’s Talent acquisition initiatives; Artificial Intelligence & Data Science and Data Warehouse are the primary workloads
Funding Alert
OSF Ventures launches third and largest venture capital fund
The USD 100 Mn fund will be used to continue a strategy that links investments to key priorities of improved patient care, outcomes and greater operational efficiency. The third fund brings total assets under management in the venture program to USD 250 Mn. Read More>>
Startup Spotlight
Company – Caspar Health Total Funding– USD 19.91 Mn About: Caspar Health enables people to regain their independence after an illness or accident by making digital rehabilitation broadly accessible independent of time and location. With their digital rehabilitation platform and the healthcare professionals of our Caspar Clinic, we enable effective and result-oriented rehabilitation independent of time and location. Read More>>
Latest Reports Published in Draup
Digital Twin for Medical Devices – Analysis – November 2021
The use of digital twins in the healthcare industry is fundamentally changing clinical processes and hospital management by strengthening medical care through digital tracking and advancing human body simulation. Read More>>
Pacira BioSciences Account Intelligence Report – November 2021
Pacira BioSciences is focusing on creating and providing non-opioid pain management and regenerative health solutions to progress and enhance results for health care practitioners and children patients aged six and older, as well as adults. Read More>>
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