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HealthTech Sector Sees Surge in M&A Activity with Focus on Home-Based Care
The health technology landscape is experiencing a significant uptick in mergers and acquisitions, with a clear trend emerging towards companies specializing in home-based and post-acute care solutions. Recent deals highlight private equity’s strategic interest in this growing sector, aiming to enhance patient care delivery and operational efficiency.
Key Deals Shaping the Home Healthcare Tech Market:
Accel-KKR Acquires ResiDex Software: In January,Accel-KKR completed its acquisition of ResiDex Software,a provider of electronic health record (EHR) software tailored for home healthcare,assisted living,and senior care providers.ResiDex, based in Minneapolis, offers solutions for patient health recordkeeping, caregiving, tracking, billing, and customer relationship management. Its platform is designed to streamline care coordination, real-time documentation, and electronic visit verification for home healthcare agencies.
Forcura and Medalogix merge: March saw a significant consolidation in the post-acute care technology space with the merger of Forcura and Medalogix, both portfolio companies of private equity firms. Berkshire Partners, the majority owner, and The Vistria Group, the largest minority stakeholder, facilitated this combination to create a complete technology platform for home-based healthcare providers. Forcura, headquartered in Jacksonville, Florida, specializes in intelligent workflow management, while Nashville-based Medalogix focuses on clinical decision support.
Heritage Group-Backed AvaSure Acquires Nurse Disrupted: In April, AvaSure, a portfolio company of Heritage Group as 2021, announced its acquisition of Nurse Disrupted. Nurse Disrupted, based in Madison, wisconsin, operates a virtual nursing platform that develops telehealth programs for both home-based care settings and hospitals. This acquisition follows AvaSure’s earlier purchase of Ouva’s smart Room AI technology. AvaSure itself is headquartered in Belmont,Michigan.
PE-backed Net Health Acquires Limber Health: June marked another key acquisition as Net Health, supported by The Carlyle Group, Level Equity, and Silversmith Capital Partners, acquired Limber Health. Limber Health, a digital software company based in rockville, Maryland, focuses on hybrid at-home and in-person musculoskeletal care. Its offerings include a digital toolkit for remote therapeutic monitoring, home exercise programs, outcomes collection, and Merit-based Incentive Payment System (MIPS) reporting. Net Health, a restorative healthcare software developer, is based in pittsburgh.
* [Company Name] Secures Investment for Global Expansion: While specific details were not provided for the first item, it was noted that a portion of funding from an investment will be allocated to establishing a 24/7 customer support presence in Australia, indicating a move towards global service expansion for a company operating in seven countries.
Industry observers anticipate continued M&A activity within the home healthcare software sector in the coming months, driven by the increasing demand for efficient and integrated solutions in this expanding market.
