Cerner acquired by Oracle

Seller: Cerner

Buyer: Oracle

Announced: December 2021

Deal Value: $28.3B

EV/S Multiple: 5.2x

Oracle Cerner

Cerner, a provider of healthcare practice management software, was bought for $28.3B at 5.2x revenue by Oracle.

 

ProVation was acquired by Fortive

Seller: ProVation Medical

Buyer: Fortive

Announced: December 2021

Deal Value: $1.4B

EV/S Multiple: 13x

Fortive ProVation Medical

Clinical workflow software solutions provider, ProVation Medical was bought by Fortive for $1.4Bat an estimated 13 times revenue, extending its Advanced Healthcare Solution offerings and customer reach. 

 

athenahealth acquired by Hellman&Friedman/Bain Capital

Seller: athenahealth

Buyer: Hellman&Friedman and Bain Capital

Announced: November 2021

Deal Value: $17B

Hellman&Friedman and Bain Capital athenahealth

athenahealth, an EHR and practice management SaaS, was acquired for $17B by Private Equity firms, Hellman&Friedman and Bain Capital.

 

PatientPop merged with Kareo

Seller: PatientPop

Buyer: Kareo

Announced: November 2021

Kareo PatientPop

Healthcare practice growth management SaaS, PatientPop agreed to merge with Kareo, provider of web-based EMR & medical billing software, to create Tebra, which intends to provide an all-in-one digital solution for healthcare providers, serving more than 85M patients. 

 

DrChrono was acquired by EverCommerce

Seller: DrChrono

Buyer: EverCommerce

Announced: November 2021

Deal Value: $182.5M

EverCommerce DrChrono

Open-source practice EHR management and billing SaaS, DrChrono was purchased for $182.5M by EverCommerce, adding mobile capabilities to its EverHealth suite.

 

BK Medical was acquired by GE Healthcare

Seller: BK Medical

Buyer: GE Healthcare

Announced: September 2021

Deal Value: $1.45B

GE Healthcare BK Medical

GE Healthcare made its largest acquisition to date of AI-enabled visualization software and ultrasound firm BK Medical for $1.5B as it moves deeper into the imaging space.

 

Ciitizen was acquired by Invitae

Seller: Ciitizen

Buyer: Invitae

Announced: September 2021

Deal Value: $325M

Invitae Ciitizen

Genetic testing firm Invitae acquired AI-based medical record and healthcare data platform Ciitizen for $325M to provide patients a centralized hub for clinical and genomic information.

 

Ginger was acquired by HeadSpace

Seller: Ginger

Buyer: HeadSpace

Announced: August 2021

Deal Value: $3B

HeadSpace Ginger

Ginger, a virtual mental health support platform, was acquired for $3B by web-based meditation platform developer, HeadSpace, to form HeadSpace Health, combining teletherapy services with guided meditation offerings.

 

inovalon was acquired by Nordic Capital [Insight Partners]

Seller: inovalon

Buyer: Nordic Capital [Insight Partners]

Announced: August 2021

Deal Value: $6.4B

EV/S Multiple: 10.2x

Insight Partners inovalon

US-based healthcare analytics firm inovalon was taken private for $6.4B at 10.2 times revenue by a PE consortium, led by Insight Partners and Nordic Capital

 

Avelead was acquired by Streamline Health

Seller: Avelead

Buyer: Streamline Health

Announced: August 2021

Streamline Health Avelead

Streamline Health acquired revenue cycle solutions firm Avelead to improve revenue integrity for healthcare providers.