Risant Health wrapped up its second acquisition as other providers completed end-of-year deals.
Here's a look at the top healthcare deals this week.
CoachCare acquires remote patient monitoring company
Virtual management service provider CoachCare announced the acquisition of Revolution Health Solutions, which offers tools such as remote patient monitoring, chronic care management and remote therapeutic monitoring. CoachCare added 26 staff members with the deal, and there were no layoffs as a result of the transaction, according to Wesley Haydon, CoachCare president and co-founder. Specific financial details about the deal were not available.
Related: Remote patient monitoring faces reimbursement hurdles
Aya Healthcare to acquire Cross Country Healthcare
Aya Healthcare has entered a definitive agreement to acquire fellow staffing solutions company Cross Country Healthcare for an estimated $615 million.
The all-cash transaction is expected to close in the first half of 2025, pending regulatory approval, according to a Wednesday news release.
Addus HomeCare completes $350M purchase of Gentiva
Addus HomeCare closed its $350 million acquisition of Gentiva’s home care business, the company announced.
The addition of Gentiva’s non-medical personal care business will add 16,000 customers a day across Arizona, Arkansas, California, Missouri, North Carolina, Tennessee and Texas, the company said. Addus also said it expects the new business to add approximately $280 million in annual revenue.
Risant Health completes Cone Health acquisition
Kaiser Permanente-backed Risant Health acquired Cone Health, making it the second health system to join Risant in less than a year.
Cone is following in the footsteps of Geisinger Health, which was folded into the newly formed Risant in March. Kaiser created Washington, D.C.-based Risant earlier this year as a nonprofit entity to buy systems and form a national network for value-based care.
GE Healthcare to acquire full stake in Nihon Medi-Physics
GE HealthCare will take full ownership of the drug company Nihon Medi-Physics in a transaction with Sumitomo Chemical that is expected to close in early 2025, the company announced.
Nihon Medi-Physics’ portfolio includes radiopharmaceuticals for neurology, cardiology and oncology that are used in clinical imaging to help diagnose Alzheimer’s disease, Parkinson’s disease, dementia with Lewy bodies and coronary artery disease. The GE HealthCare-Sumitomo Chemical is subject to regulatory review and the companies did not disclose the terms of the deal.
CHS subsidiary buys urgent care sites from Carbon Health
Community Health Systems' Northwest Healthcare acquired 10 urgent care centers in Arizona from Carbon Health.
The transaction grows Northwest's network across the Tucson, Arizona, area to more than 80 care sites, according to a news release. One of the 10 centers was not in operation when the deal closed and is awaiting a certificate of occupancy from the state of Arizona, a CHS spokesperson said.
Siemens, The Ohio State Wexner Medical Center launch partnership
Siemens Healthineers and The Ohio State Wexner Medical Center have inked a 10-year, $105 million partnership and research collaboration.
The organizations said they will develop technologies together as they drive innovation in diagnostic and therapeutic imaging as well as artificial intelligence and machine learning in radiology and radiation oncology.
Quote of the week
"Organizations like the Coalition for Health AI are building out different types of metrics and approaches to what an AI assurance lab might look like. Other organizations are doing the same thing, such as Microsoft’s Trustworthy and Responsible AI Network. The critical question for us to figure out, both in the public and private sector, is what will compel someone to feel the need to get their system certified or approved."
