Healthtech Deal Updates

US-based digital transformation consultancy firm Optimum Healthcare IT was acquired by Infosys out of India for $465M at 1.7 times revenue to accelerate AI-driven cloud transformations, strengthen its healthcare provider-domain expertise, and expand its footprint in the US market.

A Florida-based AI-driven brand engagement platform for the life sciences industry, Ostro was acquired by sciences software provider Veeva Systems headquartered in California for $100M in March to bridge the gap between digital engagement and field force interactions thanks to Ostro’s agentic AI chat tools.

New York-based virtual mental health company Talkspace was purchased for $906M by Pennsylvania-based medical company Universal Health Services, accelerating its expansion into the outpatient and telehealth domain.

Australia’s telehealth provider Eucalyptus was bought for $1.2B by its US-based peer company Hims & Hers to broaden its personalized care business in ⁠new ‌international markets.

US-based patient monitoring technology company, Masimo was pocketed by US medical device maker, Danaher for almost $10B, bulking up its diagnostics portfolio and strengthening its position in the acute care market. 

US-based medical education and clinical reference software provider, Unbound Medicine was bought by India-based сontent solutions provider MPS for $16.5M to add AI-powered clinical decision-support tools to its portfolio and expand its footprint in North America. 

EGym, a smart gym solutions and fitness apps provider out of the US, was acquired by US-based wellness experiences platform Playlist Technologies for $7.5 billion in January to enable a wider range of product offerings, robust clinical programs, and a larger geographic reach.