Data Points for the week of Aug. 1, 2016, covered the following topics: Health information technology deals, mergers and acquisitions; providers' IT budgets; venture capital in health IT; startup accelerators for health IT.
A year ago, Pamplona Capital Management acquired MedAssets for $2.7 billion, immediately selling off its GPO and performance-improvement businesses and merging its revenue-cycle management business with Precyse, its own brand. A new identity for the combined company was announced Sunday.
When partners with the private equity firm Pamplona Capital Management turned to healthcare for promising acquisitions, they rejected the industry's latest, hottest trends. They saw greater potential in healthcare's highly fragmented and high-growth market for outsourced revenue-cycle services.
Last year ended as frenzied as it began for healthcare dealmakers. Globally, merger and acquisition activity reached record volume in 2015, and the value of global healthcare deals increased 66% last year to $723.7 billion, according to Dealogic.
Amerinet announced Wednesday that it has a new name as it adds supply chain management and consulting to its group purchasing business.
J. Joel Hackney Jr. will lead Pamplona Capital Management, the new company created by MedAssets' revenue-cycle merger with Precyse, a health information management, services, technology and education company.
Everything was big in 2015. Mega-mergers, historic contracts and record losses dominated the attention of Modern Healthcare readers. Here is a list of 2015's top 10 stories by page views.
The VHA-UHC Alliance's planned acquisition of MedAssets' group purchasing organization and consulting business could open the market to disruptive models, experts and industry insiders say.
Buying MedAssets and keeping its revenue-cycle division while shedding the part that makes more money may seem like a smart play for anyone who has ever tried to decipher a medical bill.
The VHA-UHC Alliance's planned acquisition of MedAssets' GPO and consulting business will make health systems reconsider their GPO allegiances and open up the market to disruptive models, experts and industry insiders say.
A private equity firm will acquire MedAssets and split the company in two, absorbing its revenue-cycle management business and selling its group purchasing and consulting business to the VHA-UHC Alliance, which is already one of the biggest GPO players in healthcare.
MedAssets is cutting costs after several quarters of falling profits. The Alpharetta, Ga.-based healthcare group purchasing and performance improvement company plans to cut 180 full-time jobs by year-end.