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Source: Modern Healthcare
Author: Staff
Date: January 17, 2025
Mergers and acquisitions were a big topic of conversation at the 43rd annual J.P. Morgan Healthcare Conference as providers around the country signed definitive agreements and closed deals.
Here's a look at the top healthcare deals this week.
Health plan Imagine360 acquires HealthFirst
Imagine360, an integrated health plan specializing in self-funded health solutions for employers, acquired third-party administrator HealthFirst from UT Health East Texas, a health system jointly owned by the University of Texas and Nashville, Tennessee-based Ardent Health. The transaction also includes two related companies: Medical Management Solutions and Risk Funding Alternatives. Wayne, Pennsylvania-based Imagine360 has more than 1,000 employer clients nationwide. Terms of the deal were not disclosed.
California’s Santa Clara County to purchase HCA hospital
Santa Clara County and Nashville, Tennessee-based HCA Healthcare reached a definitive agreement for the county’s purchase of HCA’s Regional Medical Center in San Jose, California, for $150 million. The 258-bed facility will become part of San Jose-based Santa Clara Valley Healthcare System, which currently operates three hospitals. The deal, subject to customary regulatory approvals, is expected to close April 1.
Yale New Haven Health to buy ambulance company
Yale New Haven (Connecticut) Health entered into an agreement to acquire North Haven, Connecticut-based Nelson Ambulance and its affiliates. The health system said the purchase will expand its transport capabilities, creating a more integrated experience for patients across the care continuum.
“Nelson Ambulance is a critical part of the medical transport business across our state,” said Yale New Haven CEO Christopher O’Connor. Pending regulatory approval, the deal is expected to close in the first half of the year. No acquisition price was disclosed.
Health Catalyst to acquire Upfront Healthcare
Salt Lake City-based Health Catalyst, a provider of data analytics technology and services to healthcare organizations, signed a definitive agreement to acquire Chicago-based Upfront Healthcare Services, which offers a patient engagement and access platform. By adding Upfront’s technology, Health Catalyst expects to enhance its clinical improvement offerings by helping clients engage, guide and motivate patients throughout their care journeys, a spokesperson said.
The $86 million deal, which will be funded with a mix of cash and stock, is expected to close in the first quarter.
New Mountain Capital invests in Access Healthcare
New Mountain Capital invested in revenue cycle management company Access Healthcare, a revenue cycle management company, continuing the private equity firm's foray into health technology.
The investment is set to be used for artificial intelligence advancement, workflow automation, product development, and market expansion, the companies said Tuesday. Financial details were not disclosed.
GE HealthCare inks $1B AI imaging deal with Sutter Health
GE HealthCare Technologies signed a seven-year agreement with Sutter Health to provide AI-powered medical technology and software upgrades to the California nonprofit health system, the companies said.
Truveta sells $320M stake to providers for genome project
Medical data analytics company Truveta has secured $320 million in funding after selling stakes in the company to health systems and others as it works to create a massive genetic database.
Quote of the week
“Literally, how do we rewire our organization? We make sure we're preparing for what arguably is going to be the most dynamic time in any of our careers.”