HGP’s May Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of May. Reflecting the ongoing trend to drive profits beyond care delivery, Bon Secours sold a 51% interest in its RCM subsidiary, Ensemble Health, to Golden Gate Capital for $1.2 billion. Also in the RCM space, JP Morgan announced a $500mm acquisition of InstaMed, a…
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HGP’s April Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of April. Health IT transaction activity reflected the dynamic nature of the industry in April, with transactions ranging from consumer wellness and lifestyle platforms to AI-based clinical decision support solutions. During the month, CMS introduced new value-based…
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Chartswap, developer of a cloud-based HIPAA compliant Health Information Exchange connecting a network of records providers with requestors, was acquired by Ontellus, the industry leading, nationwide full-service procurer of medical, billing, employment records and other claims related data services. "Our goal at ChartSwap…
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HGP’s March Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of March. Buyout funds were active with a number of growth transactions that reflect the very broad interest across Health IT. Meanwhile, the market is seizing on a thesis that pharmacies can extend beyond medication dispensing and provide access to care at lower costs,…
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Clearwave Corporation, a leading provider of digital check-in, insurance eligibility, and patient payments solutions to health systems and physician practices announced it has received a significant growth equity investment from Frontier Capital, a Charlotte-based growth equity…
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Among the venture capital and growth equity community, a common rule of thumb for software companies is the “Rule of 40”. The rule simply states that a healthy software company’s net profitability + revenue growth rate should exceed 40%. This rule provides a guideline to balance the trade-off between revenue growth and profitability, a question many of our clients frequently have. To see…
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HGP surveyed hundreds of private equity funds across all stages and received 105 responses. Responses concentrated toward Growth Equity and Venture Capital investors, who respectively invest in early and earlier stage companies. The distribution of responses across the stages of investing is consistent with the distribution of investment activity across the company lifecycle. The majority of institutionally…
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HGP’s February Health IT Insights provides a summary of Health IT transactions, news, and public company performance during the month of February. Government influence in HIT showed no signs of abating during the month, with the introduction of new mandates and payment models, including HHS’s new interoperability standards and reimbursement programs for medical transportation. Now merged with Aetna,…
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In mid-January, HGP released its year-end Health IT Market Review, which included findings from our latest bi-annual Health IT Private Equity Survey. Among the feedback from the 100+ funds that responded to the survey, investors scored Payers and Employers as the most attractive end-market, taking over the top spot…
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By all measures, the private equity healthcare industry, as a whole, is booming, and overwhelmingly, private equity investors are saying that their healthcare IT investment strategy is proving to be a sound one. Only 5 percent of private equity investors who participated in a recent Healthcare Growth Partners’ (HGP) survey said that their health IT investments are not meeting their investment expectations.
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