With Welltok’s $80M acquisition, it gains use of hospitals

Welltok, an electronic health business that developed some tools to personalize physical fitness goals for health plan people and also the employer wellness market, makes another acquisition, this time around to include hospitals to the subscriber base.

It acquired Tea Leaves Health from Ziff Davis, a subsidiary of j2 Global for $80 million. Their SaaS analytics tools are utilized by greater than 400 hospitals to target consumers and physicians with coordinated engagement campaigns, a news release noted. 

“Similar to how health plans and employers are expanding beyond their traditional look at people and employees, correspondingly, innovative hospital systems will also be extending their focus beyond patients’ instances of care and recognizing the necessity to develop and sustain ongoing relationships,” stated Shaun Margolis, Welltok’s chairman and Chief executive officer within the release.

He added that Welltok and Tea Leaves shared the “same DNA” with how they create SaaS tools to alter how healthcare enterprises use customers to improve health.

Just before Tea Leaves, Welltok had made several acquisitions to aid its CaféWell Health Optimization platform.

Silverlink, a healthcare communications firm, helps health plans interact with older adult people and it has past dealing with Medicare and State medicaid programs populations.

Predilytics, a healthcare data mining and analytics business, was intended to make its population health management technology better quality. Its technology gives Wellok more feedback on user engagement.

Mindbloom, a San antonio-based gaming developer that actually works with insurers to supply happy to guide and motivate their people to consider healthy behaviors. Welltok stated at that time it might add Mindbloom’s mobile health gaming apps to the Café Well platform.

Zamzee, a business that develops programs tailored for children and families to improve their activity levels.

Image: Nicol??s Mero??o, Getty Images

MedCity ENGAGE, October 23-24 in North Park, concentrates on the most recent strategies and innovations to boost patient engagement, care delivery and company wellness. Use code MCNTAG in order to save $50.

With regards to digital health M&A, who’s the greatest acquirer of all of them?

A CB Insights report has tabulated digital health acquisitions and mergers in the past couple of years which total 619 from the beginning of 2013 with the first 1 / 2 of 2017. Apart from revealing that there’s been lots of activity within this sector since 2013, additionally, it known as focus on health IT vendor Allscripts, the largest buyer of digital health companies of all of them with seven M&A deals previously 4 years.

What exactly did they’re buying? Allscripts’ purchases happen to be about extending the abilities of their Electronic health record, extending its footprint and adding more services.  In 2013 it made consecutive acquisitions. One was the $235 million deal for dbMotion,  a health IT business that enables healthcare companies to consider data from various electronic health records systems and normalize it to some common data structure. That enables hospitals to gain access to clinical intelligence helping patients access their data in one location.

Around the heels of that deal, Allscripts bought Jardogs to have an undisclosed amount. Jardogs gave Allscripts some patient engagement tools. The organization gives patients use of a portal to receive and send information back and forth from doctors, hospitals, along with other healthcare organizations, providing them with use of EHRs, test results and doctors’ notes.

Advertisement

More lately, Allscripts acquired McKesson’s health IT company Information Solutions in a $185 million deal, which doubled the quantity of Allscripts’ hospital clients within the U.S. The assets from that deal include Paragon Electronic health record, a lab analytics and bloodstream bank, revenue cycle solutions (STAR and HealthQuest), and cms solution, OneContent.

This past year, Allscripts acquired a big part stake in behavior health record provider Netsmart for $950 million via a partnership with GI Partners.

Telus is another electronic health records vendor although a Canadian one. Its portfolio of six companies spans Medesync, which developed cloud and mobile technologies to assist physicians easier connect with EMRs from the computer or mobile phone to pharmacy management business XD3 Solutions.

Roper Technologies has acquired five companies previously couple of years. In 2015 it acquired lab information management business CliniSys and Atlas Medical, which is renowned for its diagnostic testing analytics tools from Sunquest Computer.

Five deals seem to be considered a sweet place for many companies. Additionally to Roper, other companies with five acquisitions in the same time frame period include athenahealth, WellTok, IBM and Toronto-based Constellation Software.

Although a couple of of athenahealth’s acquisitions have centered on companies in the marketplace, a few which experienced its accelerator program More Disruption Please, it is also acquired bigger companies. In 2013, it slapped down for $293 million for Epocrates , a developer of reason for care medical apps. Praxify Technologies, which athenahealth acquired inside a $63 million deal this year, has clinical intelligence tools to create workflows more manageable is going to be built-into the marketplace. This past year it made its first acquisition from the accelerator with Arsenal Health, which created a predictive analytics program that can help practices anticipate which patients will cancel dental and medical appointments or won’t go to all. That deal was adopted by care coordination business Filament Labs which trades as Patient IO.

Welltok has cultivated a portfolio of companies with technology to aid wellness programs through its Coffee shop Well Health Optimization platform for self-insured employers and health plans. In 2014, it acquired Mindbloom, an electronic health gaming technology developer with the objective of making its wellness platform more interactive. It added big data analytics business Predilytics in 2015 to higher understand consumer behavior. It acquired Keas to supplement its employer wellness offering this past year.

To look into the full list, follow here.

Because of the activity you’ve seen to date this season, it wouldn’t come as a surprise to determine more crossover within this list in another 4 years with pharma and genomics companies joining the ranks of companies looking for digital health companies.

Illustration: Getty Images

MedCity ENGAGE, October 23-24 in North Park, concentrates on the most recent strategies and innovations to boost patient engagement, care delivery and company wellness. Use code MCNTAG in order to save $50.