While a pandemic ravages the country, technology valuations are soaring. The Nasdaq hit an all-time high during the month of July, sailing through the 10,000 mark to post YTD gains of nearly 20%, representing a 56% increase off the low water mark on March 23. More notably, the Nasdaq has outperformed the S&P 500 (including the lift the S&P has received from FANMAG stocks – Facebook, Amazon, Netflix,…
Read More
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 feedback from our survey of private equity professionals and their response to COVID-19, as well as an overview of trends seen in the first…
Read More
In May, as the U.S. cautiously started to reopen amid intense controversy, HGP polled hundreds of private equity funds across all stages of investment to find out how COVID-19 has impacted deal flow. Eighty respondents provided their perspective on topics ranging from appetite for new investments to access to debt to the impact on portfolio companies. Respondent…
Read More
It is no secret that technology adoption in healthcare often lags adoption in other sectors. Often, the slow pace of adoption makes sense. While technology can drastically improve both cost and quality in healthcare when implemented correctly, it can also cause physician burnout, increased administrative workload, and worsen patient outcomes if a new technology fails to live up to the hype. Historically,…
Read More
Never before has health informatics played a greater role in public health than during the COVID-19 pandemic. While the Health IT industry is certainly challenged due to the overall disruption to the healthcare system, the pandemic undoubtedly underscores the opportunity and importance of health informatics,…
Read More
The healthcare system is not immune to the near-term economic fallout of COVID-19, but should rebound and potentially be transformed after the easing of social-distancing measures. On March 18th, CMS announced “all elective surgeries, non-essential medical, surgical, and dental procedures be delayed during the 2020 Novel Coronavirus (COVID-19) outbreak.” The result is a massive loss of revenue…
Read More
What a difference a month makes. Last month, we began our Health IT Monthly Insight with “Ten years into the bull market, we operate in a heightened state of awareness for any indication of market weakness that may signal a downturn.” It didn’t take a “heightened state of awareness” to see the market unravel at the end of the month as a result of the global shock from Coronavirus. The broader…
Read More
AlertMD has been acquired by payment software solutions company, Evercommerce. AlertMD is an all-in-one mobile platform that delivers increased professional fee billings, increased patient visits and faster revenue cycle management through solutions for the front office, care…
Read More
symplr, a leading healthcare governance, risk and compliance SaaS platform, backed by Clearlake Capital Group, L.P. and SkyKnight Capital, announced that it has acquired The Patient Safety Company ("TPSC") from Main Capital Partners. The combination of symplr and the…
Read More
Women’s health technology, known as Femtech, is one of the fastest growing and well-funded categories of digital health. Femtech generally encompasses a range of digital health software and tech-enabled service providers that cater to the specific biological needs of women. These needs span from general health and wellness to reproductive health, including fertility, pregnancy, and nursing care. …
Read More