Evolent Health, a population health management services organization, is acquiring IPG, a technology and services company providing surgical management solutions for musculoskeletal conditions, from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, for $375 million plus an additional contingent consideration of up to $87 million. The acquisition expands Evolent’s value-based solutions to include musculoskeletal conditions.
Helix, Memorial Hermann Health System partner on population genomics project
Tivity Health, a Franklin, Tennessee-based consumer health company, completed its deal to go private after being acquired by equity firm Stone Point Capital for $32.50 per share in cash. The transaction with Greenwich, Connecticut-based Stone Point ends more than 30 years for Tivity as a publicly held company under various names. Tivity Health will continue to be headquartered in Franklin. Richard Ashworth will remain President and Chief Executive Officer of Tivity Health.
Tivity Health CEO on going private, its digital transformation and more
Tomorrow Health, a home-based care company closed, closed $60 million in a Series B funding round. The capital will allow the company to expand partnerships with national and regional health plans, grow in new markets, and fund technology investments. The round was led by BOND. The company’s total funding is $92.5 million.
Digital health investors stress fundamentals: “The world has changed”
More deals and funding rounds:
PicnicHealth, a digital personal health record management platform, closed $60 million in a Series C funding round.
August Health, a senior living care compliance and care operations automation platform, raised $15 million in a Series A funding round.
Transaction Data Systems (TDS), a pharmacy management systems and technology solutions company, acquired PrescribeWellness business, a cloud-based patient relationship management platform for pharmacies from Tabula Rasa HealthCare, a healthcare technology company.
Kins, a digital-first, hybrid care physical therapy practice, announced $4 million in new seed funding.
Cordio Medical, a medical speech processing platform, raised $18 million in a funding round.
HealthMark Group, a digital health information management company, acquired Acton Corporation, another digital health information company in Chelsea, Alabama.
Care Access, a decentralized clinical trials brand owned by Reify Health, acquired the Instituto Brasil de Pesquisa Clínica, a clinical trial center in Rio de Janeiro, Brazil.
Socially Determined, a social risk intelligence platform to improve healthcare programs, raised $26 million in a Series B funding round.
Birdie, a home care management software platform company, raised $30 million in a Series B funding round.
Regard (formerly HealthTensor), which automates clinical documentation through physician-driven AI products, raised $15.3 million in a Series A funding round.
Medsien, a remote care management and care automation platform raised $4.3 million in seed funding.
STRIVE, a sensor-enabled smart wearable clothing that optimizes muscle performance and provides actionable data for athletes and teams, raised $6 million in a Series A funding round.
Fitmint, a fitness app that tracks workouts and rewards with tokens for each calorie burn, raised $1.6 million in seed funding.
Ria Health, a telehealth provider specializing in alcohol use disorder (AUD) treatment, raised $18 million in a Series A funding round.
TaskHuman, developer of a digital coaching app, raised $20 million in Series B funding.
VistaPath, an AI-based tissue grossing platform that automates the process of receiving, assessing, and processing tissue samples, secured $4 million in seed funding.
If there is a digital health funding or M&A deal that we missed from this past week here, please email us.
Digital Health Business & Technology’s data team contributed to this roundup.
