Seller: Cerner
Buyer: Oracle
Announced: December 2021
Deal Value: $28.3B
EV/S Multiple: 5.2x
Cerner, a provider of healthcare practice management software, was bought for $28.3B at 5.2x revenue by Oracle.
Seller: ProVation Medical
Buyer: Fortive
Announced: December 2021
Deal Value: $1.4B
EV/S Multiple: 13x
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.
Seller: athenahealth
Buyer: Hellman&Friedman and Bain Capital
Announced: November 2021
Deal Value: $17B
athenahealth, an EHR and practice management SaaS, was acquired for $17B by Private Equity firms, Hellman&Friedman and Bain Capital.
Seller: HillRom
Buyer: Baxter
Announced: September 2021
Deal Value: $10.5B
Seller: inovalon
Buyer: Nordic Capital [Insight Partners]
Announced: August 2021
Deal Value: $6.4B
EV/S Multiple: 10.2x
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
Seller: Microsoft
Buyer: Nuance Communications
Announced: April 2021
Deal Value: $19.7B
EV/S Multiple: 13.6x
The Acquisition of Nuance Communications by Microsoft is the largest healthtech deal in history. Microsoft purchased Nuance Communications, a conversational AI and cloud-based ambient clinical intelligence platform, for $19.7B in all-cash transaction.
Seller: VitaCare
Buyer: GoodRx
Announced: March 2022
Deal Value: $150M
Healthcare prescription management SaaS, VitaCare was acquired by GoodRx for $150M, to strengthen its pharma manufacturer solutions.
Seller: Informa Pharma
Buyer: Warburg Pincus
Announced: February 2022
Deal Value: $2.3B
Informa’s clinical trial intelligence SaaS, Pharma Intelligence was purchased by Warburg Pincus, for $2.3B
Seller: PatientPop
Buyer: Kareo
Announced: November 2021
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.
Seller: DrChrono
Buyer: EverCommerce
Announced: November 2021
Deal Value: $182.5M
Open-source practice EHR management and billing SaaS, DrChrono was purchased for $182.5M by EverCommerce, adding mobile capabilities to its EverHealth suite.