Like First Call

announced 5/18/2016 via Reuters

MedPeer,Inc., will acquire First Call

synopsis: MedPeer Inc. announced that it plans to fully acquire Tokyo-based Mediplat Inc. through stock swap. Mediplat operates First Call, an online medical consultation platform that connects users to doctors through a video chat service.
buyer: MedPeer,Inc. (TSE:6095:$9.13)
MedPeer provides appropriate services at every stage of the clinical process physicians are involved in day-to-day clinical operation. Drug Evaluation provides detailed peer reviews of prescription drugs, and Meet the Experts allows members to consult expert physicians in specific therapeutic areas."
target parent: betaCatalyst Inc.
target: First Call
First Call is an online medical consultation platform that connects users to doctors through a video chat service. Users register on the First Call website and reserve a time to consult with available doctors. First Call was founded in 2015 and is based in Tokyo, Japan.
price ($mm)
$0.41
rev ($mm)
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EV / rev
EV / EBITDA
closed 10/14/2015 via BNC Analysis

Concert-Care, acquired Real Doctors Office

synopsis: ConcertCare, a company that offers consulting services that help medical practices identify untapped revenue opportunities and maximize profitability, has acquired Medicom Technologies, Inc, creators of Real Doctors Office, a Nashville telemedicine startup that's developed a video platform enabling remote patient visits.
buyer: Concert-Care
ConcertCare's consulting services help medical practices identify untapped revenue opportunities and maximize profitability—while their technology solutions streamline the often redundant tasks involved in practice management. "
target: Real Doctors Office
Real Doctors Office, created by Medicom Technologies, Inc., offers an easy way to consult with a licensed U.S. physician to receive real medical advice. Whether at home or on vacation, Real Doctors Office is here to meet their client's needs, on demand.
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closed 5/6/2015 via PR Web

Kura MD, acquired TeleMed2U

synopsis: Kura MD, developer of the next generation of telehealth solutions for healthcare, has acquired the business and associated assets of TeleMed2U, a telemedicine-based multi-specialty physician practice. It serves an active client base of hospitals, outpatient clinics, skilled nursing facilities and correctional facilities throughout California.
buyer: Kura MD
Kura MD is a leading Internet healthcare commerce platform that offers a unique physician marketing and telemedicine practice management formula to deliver more patients, more capacity to see those patients and increased encounter revenue. "
target: TeleMed2U
TeleMed2U is a multi-specialty group of board-certified physicians that supplies its clients with real-time access to physician specialists through the use of telemedicine. Their physicians are available 24/7/365 throughout the state of California.
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closed 7/8/2014 via PR Web

Revspring, acquired TalkSoft Corporation

synopsis: RevSpring Inc. announced that it has acquired Talksoft Corporation, a provider of patient notification, electronic messaging and appointment reminder systems. Talksoft's service based approach provides affordable solutions for businesses of any size by harnessing technologies once available only to large companies in niche markets.
buyer parent: CIP Capital
buyer: Revspring
RevSpring's core service offerings include data hygiene and analytics, secure document creation and delivery, multi-channel communications, electronic billing and archival services and online payment tools, all while ensuring compliance with regulatory guidelines. "
target: TalkSoft Corporation
Talksoft is a provider of cloud-based reminder and messaging services over telephone and global data networks. Talksoft's service based approach provides affordable solutions for businesses of any size by harnessing technologies once available only to large companies in niche markets.
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announced 1/13/2020 via GlobeNewswire

TelaDoc, Inc., will acquire InTouch Health

synopsis: Teladoc Health, Inc., the global leader in virtual care, will acquire InTouch Health, the leading provider of enterprise telehealth solutions for hospitals and health systems. This acquisition positions Teladoc Health as the partner of choice for health systems seeking a single solution for their entire virtual care strategy.
buyer: TelaDoc, Inc. (TDOC:$519.56)
Teladoc Health is transforming the healthcare experience with a focus on high quality, lower costs, and improved outcomes. Telehealth Satisfaction Study, the integrated services from Teladoc Health include telehealth, expert medical services, AI and analytics, and licensable platform services. "
target parent: Galen Partners
target: InTouch Health
InTouch Health is a telehealth services company that offers healthcare providers a reliable, dedicated cloud-based network and virtual care solutions to efficiently deliver care for a broad array of use cases and healthcare environments.
price ($mm)
$600
rev ($mm)
EBITDA ($mm)
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closed 12/18/2019 via BusinessWire

Korian, acquired Omedys

synopsis: The Korian group, the European leader in the care of the elderly and fragile, announced that it has acquired a 70% stake in Omedys, a French company specializing in telemedicine.
buyer: Korian (ENXTPA:KORI:$3,856.73)
Korian, the expert in care and support services for the elderly, manages Europe’s leading network of long-term care nursing homes, specialized clinics, assisted living facilities, home care and hospital home care services. They are based in France. "
target: Omedys
Omedys, based in France, is the first digital doctors clinic with remote teleconsultations to facilitate access to primary care in territories that lack doctors, to avoid unnecessary trips to the emergency hospital departement and to provide telemedicine support to isolated practising doctors.
price ($mm)
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announced 11/14/2019 via GlobeNewswire

Premier Health Group Inc., will acquire Livecare Health Canada Inc.

synopsis: Premier Health Group, a Canadian healthcare company focused on developing innovative approaches that combine human skill-based expertise with emerging technologies for the healthcare industry, will acquire Livecare Health Canada Inc., a Canadian Telehealth company dedicated to giving patients access to quality, real-time healthcare.
buyer: Premier Health Group Inc. (CNSX:PHGI:$2.54)
Premier Health is a Canadian healthcare company focused on innovative health care approaches that combine human skill-based expertise with emerging technologies. The company develops proprietary technology to deliver healthcare through connected primary care clinics, telemedicine, and AI. "
target: Livecare Health Canada Inc.
Lifecare is a Canadian Telehealth company founded and operated by physicians dedicated to giving patients access to quality, real-time healthcare. By offering patients the option to use Telehealth, wait and travel times are decreased or eliminated, allowing for timely diagnosis and triage.
price ($mm)[EV]
$1.36 [$2.27]
rev ($mm)
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announced 11/7/2019 via PR Newswire

American Well Corporation, will acquire Aligned Telehealth

synopsis: American Well, a national telehealth platform, will acquire Aligned Telehealth, a provider of behavioral telehealth and telepsychiatry services to hospitals and health plans. With the acquisition, the companies will combine services to deliver programs that healthcare professionals can leverage to address the mounting challenges in the industry.
buyer: American Well Corporation
American Well is a leading telehealth platform in the United States and globally, connecting and enabling providers, insurers, patients, and innovators to deliver greater access to more affordable, higher quality care. "
target parent: SV Health Investors
target: Aligned Telehealth
Aligned Telehealth, Inc. is a national provider of telepsychiatry services to hospitals, long-term care facilities, outpatient clinics, and correctional programs. The company provides customized programs tailored toward delivering high-quality and cost-effective behavioral health solutions.
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closed 10/29/2019 via BNC Analysis

Trxade Group Inc., acquired Bonum Health

synopsis: Trxade Group, Inc., an integrated pharma supply chain and care platform, has acquired the assets of Bonum Health, a comprehensive telemedicine and telehealth platform. Bonum Health's technology platform is designed for consumers to have provider and pharmacist tele-consults and order medications to be delivered directly to the home.
buyer: Trxade Group Inc. (OTCPK:TRXD:$7.03)
Trxade Group, Inc. is an integrated drug procurement, delivery and healthcare platform that enables trade among healthcare buyers and sellers of pharmaceuticals, accessories, and services. "
target: Bonum Health
Bonum Health is a Telehealth provider that gives its members access to licensed medical doctors via phone call or video call. Bonum provides access to its platform via Web and Phone App available both on IOS and Android and can treat Primary Care, Behavioral Health, and Dermatology Conditions.
price ($mm)
$0.84
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/27/2019 via BNC Analysis

GoodRx, Inc., acquired HeyDoctor

synopsis: GoodRx, a company that offers a website that gathers current prices, powerful savings tips and valuable discounts for every prescription drug, has acquired HeyDoctor, a company that connects patients and providers over an online platform and provides advice, prescriptions, and lab results from expert doctors without requiring insurance.
buyer parent: Francisco Partners Management LLC
buyer: GoodRx, Inc.
GoodRx helps Americans save on their prescriptions. It offers a website and a mobile app that gathers current prices, powerful savings tips and valuable discounts for every prescription drug at virtually every pharmacy in the US. "
target: HeyDoctor
HeyDoctor is building a new healthcare experience that connects patients and providers over an online platform. They provide advice, prescriptions, and lab results from expert doctors without requiring insurance.
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closed 9/18/2019 via Company Press Release

Karify merged with Avinity,

synopsis: Avinity, the all-in-one engagement and incentive agency, will be merging with Karify, an e-mental health platform that combines online e-mental health modules with face-2-face meetings, improve patient engagement and be more efficient.
buyer parent: Gilde Equity Management Benelux
buyer: Avinity
Avinity is the all-in-one engagement and incentive agency for today’s fast-moving, disruptive world. Avinity helps clients win the hearts and minds of trade partners, customers and employees to boost value, revenue and competitive advantage. "
target: Karify
Karify is an e-mental health platform that combines online e-mental health modules with face-2-face meetings, improve patient engagement and be more efficient. Patients can participate, prepare sessions, take measurements and receive tailored medical education.
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closed 4/17/2019 via BNC Analysis

Merck KGaA, acquired ConnectMed

synopsis: Merck KGaA, a German multinational pharmaceutical, chemical and life sciences company, has acquired ConnectMed, the first digital therapeutics platform in Africa. ConnectMed allows patients to affordably and conveniently manage their primary and chronic care needs.
buyer: Merck KGaA (DB:MRK:$17,234.26)
Merck KGaA is a German multinational pharmaceutical, chemical and life sciences company. Merck is the world's oldest operating chemical and pharmaceutical company. The group develops a variety of prescription medicines and specialty chemicals. "
target: ConnectMed
ConnectMed is the first digital therapeutics platform in Africa. ConnectMed allows patients to affordably and conveniently manage their primary and chronic care needs. Their platform enables all Africans to live healthier, longer, happier lives no matter their income levels.
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closed 3/20/2019 via BNC Analysis

TelaDoc, Inc., acquired MédecinDirect

synopsis: Teladoc Health, a global virtual care leader that offers comprehensive virtual care solutions, has acquired MédecinDirect, a French leader in telemedecine. MédecinDirect provides personalized medical advice to patients online and by telephone via a secure and independent online application.
buyer: TelaDoc, Inc. (TDOC:$519.56)
Teladoc Health is the global virtual care leader, offering the only comprehensive virtual care solution spanning telehealth, expert medical, and licensed platform services. Through their consumer experience brands, Teladoc Health helps people resolve their healthcare needs with confidence. "
target: MédecinDirect
MédecinDirect is a French leader in telemedecine. MédecinDirect provides personalized medical advice to patients online and by telephone via a secure and independent online application. Their medical team of specialists are specifically trained to respond to the telemedical needs of their users.
price ($mm)
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closed 12/31/2018 via BNC Analysis

TelaDoc, Inc., acquired TelaDietitian

synopsis: Teladoc has acquired TelaDietitian (formerly Nutrify), a consumer and enterprise platform for video consultations with registered dietitians. TelaDietitian is a premier telehealth solution for medical nutrition therapy. Teladoc launched an enterprise nutrition counseling service that will employ TelaDietitian’s assets.
buyer: TelaDoc, Inc. (TDOC:$519.56)
Teladoc Health is the global virtual care leader, offering the only comprehensive virtual care solution spanning telehealth, expert medical, and licensed platform services. Through their consumer experience brands, Teladoc Health helps people resolve their healthcare needs with confidence. "
target: TelaDietitian
TelaDietitian (formerly Nutrify) is a consumer and enterprise platform for video consultations with registered dietitians. TelaDietitian is a premier telehealth solution for medical nutrition therapy providing nutrition counseling over a HIPAA compliant platform.
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closed 5/8/2018 via Company Press Release

HumanaCare, acquired TranQool Inc.

synopsis: HumanaCare, a leading provider of employee and member health services, has acquired TranQool. TranQool is a virtual health platform that provides access to mental health services to people across Canada. The platform gives users chat and video access to counselors and healthcare professionals.
buyer: HumanaCare
HumanaCare delivers improved healthcare outcomes through their Employee Assistance Programs, Disability Support Services, Medical Second Opinion Services and Health Services (such as healthcare navigation, Chronic Disease support and specialized case management services). "
target: TranQool Inc.
TranQool is a virtual health platform that provides access to mental health services to people across Canada. The platform gives users chat and video access to counselors and healthcare professionals. TranQool's mission is to increase access to resources in the mental health industry.
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closed 11/15/2017 via BNC Analysis

Groupe VYV, acquired MesDocteurs

synopsis: The French Vyv Groupe has taken control of MesDocteurs, a platform based in France specializing in teleconsultation and medical teleconsultation.
buyer: Groupe VYV
Groupe VYV is a leading player in health insurance and the leading national operator of care and support services. "
target: MesDocteurs
MesDocteurs, based in France, is a platform specializing in teleconsultation and medical teleconsultation.
price ($mm)
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announced 11/14/2017 via GlobeNewswire

MYnd Analytics, will acquire Arcadian Telepsychiatry

synopsis: MYnd Analytics announced that it has reached an agreement to extend its service offering by acquiring Arcadian Telepsychiatry. Arcadian Telepsychiatry manages the delivery of telepsychiatry and tele-mental health services through a network of licensed and credentialed master-level therapists and psychiatrists throughout the United States.
buyer: MYnd Analytics
MYnd Analytics, Inc. is a predictive analytics company that has developed a decision support tool to help physicians reduce trial and error treatment in mental health and provide more personalized care to patients. "
target: Arcadian Telepsychiatry
Arcadian Telepsychiatry manages the delivery of telepsychiatry and tele-mental health services through a network of licensed and credentialed master-level therapists and psychiatrists throughout the United States. Arcadian offers a suite of services including telepsychiatry and teletherapy.
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closed 10/10/2017 via BusinessWire

Avizia, acquired Carena, Inc.

synopsis: Avizia, powering system-wide telehealth, announced it has acquired Carena, a Seattle-based leading virtual care provider. Carena combines technology and new care delivery methods to provide healthcare for the way consumers live and work today.
buyer: Avizia
Avizia partners with providers to deploy and power system-wide telehealth. To do this, Avizia combines a collaborative approach with a market-leading telehealth solutions suite that scales across the continuum of care. "
target: Carena, Inc.
Carena is a Seattle-based leading virtual care provider. Carena combines technology and new care delivery methods to provide healthcare for the way consumers live and work today.
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closed 7/17/2017 via GlobeNewswire

TelaDoc, Inc., acquired Best Doctors, Inc.

synopsis: Teladoc, Inc., the nation’s first and largest telehealth platform, announced the completion of its acquisition of Best Doctors, the world’s leading expert medical consultation company focused on improving health outcomes for the most complex, critical and costly medical issues.
buyer: TelaDoc, Inc. (TDOC:$519.56)
Teladoc, Inc. is the nation’s first and largest telehealth platform. Recognized by MIT Technology Review as one of the “50 Smartest Companies,” Teladoc is forging a new healthcare experience with an innovative portfolio of virtual care delivery solutions. "
target: Best Doctors, Inc.
Best Doctors is the world’s leading medical consultation company that connects individuals facing difficult diagnostic or medical treatment decisions with the best doctors, ranked by impartial peer review in over 450 subspecialties of medicine, to review their diagnosis and treatment plans.
price ($mm)
$440
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/25/2017 via BNC Analysis

jameda, acquired Patientus GmbH

synopsis: jameda GmbH, the leading physician rating website in Germany, has acquired Patientus GmbH, the market leader for online medical video consultations. Patientus offers physicians and patients a communication solution for digital medical visits.
buyer parent: Hubert Burda Media
buyer: jameda
jameda is the leading physician rating website in Germany. The website is used by over 5 million patients to search for the right doctor through a database of more than 250,000 medical professionals across Germany. "
target: Patientus GmbH
As the market leader for online video consultations, Patientus offers physicians and patients a communication solution for digital medical visits. Their goal is to give all patients easy and affordable access to the doctor of their choice - regardless of their current location.
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announced 5/18/2016 via Reuters

MedPeer,Inc., will acquire First Call

synopsis: MedPeer Inc. announced that it plans to fully acquire Tokyo-based Mediplat Inc. through stock swap. Mediplat operates First Call, an online medical consultation platform that connects users to doctors through a video chat service.
buyer: MedPeer,Inc. (TSE:6095:$9.13)
MedPeer provides appropriate services at every stage of the clinical process physicians are involved in day-to-day clinical operation. Drug Evaluation provides detailed peer reviews of prescription drugs, and Meet the Experts allows members to consult expert physicians in specific therapeutic areas."
target parent: betaCatalyst Inc.
target: First Call
First Call is an online medical consultation platform that connects users to doctors through a video chat service. Users register on the First Call website and reserve a time to consult with available doctors. First Call was founded in 2015 and is based in Tokyo, Japan.
price ($mm)
$0.41
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/26/2016 via Reuters

MedPeer,Inc., will acquire Cookpad Diet Lab Inc.

synopsis: MedPeer will buy 84.7 percent voting rights in Tokyo-based firm COOKPAD Diet Lab. Cookpad Diet Lab Inc., based in Japan, provides dieting information and recipes to help control weight.
buyer: MedPeer,Inc. (TSE:6095:$9.13)
MedPeer provides appropriate services at every stage of the clinical process physicians are involved in day-to-day clinical operation. Drug Evaluation provides detailed peer reviews of prescription drugs, and Meet the Experts allows members to consult expert physicians in specific therapeutic areas."
target: Cookpad Diet Lab Inc.
Cookpad Diet Lab Inc., based in Japan, provides dieting information and recipes to help control weight.
price ($mm)
$2.20*
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announced 5/18/2016 via Reuters

MedPeer,Inc., will acquire First Call

synopsis: MedPeer Inc. announced that it plans to fully acquire Tokyo-based Mediplat Inc. through stock swap. Mediplat operates First Call, an online medical consultation platform that connects users to doctors through a video chat service.
buyer: MedPeer,Inc. (TSE:6095:$9.13)
MedPeer provides appropriate services at every stage of the clinical process physicians are involved in day-to-day clinical operation. Drug Evaluation provides detailed peer reviews of prescription drugs, and Meet the Experts allows members to consult expert physicians in specific therapeutic areas."
target parent: betaCatalyst Inc.
target: First Call
First Call is an online medical consultation platform that connects users to doctors through a video chat service. Users register on the First Call website and reserve a time to consult with available doctors. First Call was founded in 2015 and is based in Tokyo, Japan.
price ($mm)
$0.41
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/8/2017 via GlobeNewswire

PRA Health Sciences, will acquire Symphony Health Solutions

synopsis: PRA Health Sciences, Inc. (“PRA”), a leading clinical research organization, announced it has signed a definitive agreement to acquire Symphony Health Solutions Corporation (“Symphony Health”), a privately-held best-in-class provider of data, analytics and consulting solutions to the life sciences market.
buyer parent: Kohlberg Kravis Roberts & Co.
buyer: PRA Health Sciences (PRAH:$1,698.48)
PRA Health Sciences is one of the world’s leading global contract research organizations, or CROs, by revenue, providing outsourced clinical development services to the biotechnology and pharmaceutical industries. Since 2000, PRA has participated in approximately 3,500 clinical trials worldwide. "
target parent: Symphony Technology Group
target: Symphony Health Solutions
Symphony Health Solutions is a leading provider of high-value data, analytics, and technology solutions for biopharmaceutical manufacturers, healthcare providers, and payers. Symphony Health derived data improves health management decisions, and helps clients drive revenue growth.
price ($mm)
$530
rev ($mm)
$200
EBITDA ($mm)
EV / rev
2.7x
EV / EBITDA
closed 4/12/2018 via BusinessWire

Certara, acquired Analytica Laser

synopsis: Certara, the global leader in model-informed drug development and regulatory science, announced that it has acquired Analytica Laser, a global research consultancy that uses health economics and outcomes research (HEOR) and real-world data to provide the highest level of scientific evidence of the value of medicines and health technologies.
buyer parent: Arsenal Capital Partners
buyer: Certara
Certara is a leading provider of decision support technology and consulting services for optimizing drug development and improving health outcomes. "
target: Analytica Laser
Analytica Laser, a global research consultancy that uses health economics and outcomes research (HEOR) and real-world data to provide the highest level of scientific evidence of the value of medicines and health technologies.
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closed 4/28/2014 via PR Newswire

Press Ganey Associates, Inc., acquired Dynamic Clinical Systems

synopsis: Press Ganey, the leading patient experience improvement firm, announced the acquisition of Dynamic Clinical Systems, a patient-reported outcomes services and solutions provider. The acquisition expands Press Ganey's Patient Voice portfolio for health care organizations with the ability to collect, measure and analyze patient-reported data.
buyer parent: Vestar Capital Partners
buyer: Press Ganey Associates, Inc. (PGND:$344.32)
Press Ganey partners with more than 10,000 health care organizations worldwide to create and sustain high-performing organizations. The company offers a comprehensive portfolio of solutions to help clients operate efficiently, improve quality, increase market share and optimize reimbursement. "
target: Dynamic Clinical Systems
Dynamic Clinical Systems is the health care industry's most comprehensive and technically advanced provider of patient-reported outcomes services and solutions, offering an survey system that makes self-reported patient survey data and evidence-based protocols accessible at the point of need.
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closed 12/9/2013 via BusinessWire

IMS Health Incorporated, acquired Pygargus

synopsis: IMS Health, a leading worldwide provider of information, technology and services, has acquired Pygargus, an industry-leading life sciences advisory and analytics firm based in Sweden, to further advance its technology-enabled Real-World Evidence solutions and global RWE footprint.
buyer parent: TPG Capital
buyer: IMS Health Incorporated (NYSE:IQV:$10,412.00)
IMS Health is a leading worldwide provider of information, technology, and services dedicated to making healthcare perform better. The IMS global technology infrastructure, advanced analytics and proprietary software platforms help clients improve patient outcomes and operate more efficiently. "
target: Pygargus
Pygargus is a leading independent Scandinavian life science consultancy specialized in Real World Outcomes Research, offering expertise in electronic medical records, registry data handling, data integration and scientific project management.
price ($mm)
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closed 12/19/2019 via BusinessWire

Audax Group, acquired Corrona, Inc.

synopsis: Audax Private Equity announced that it has recapitalized, in partnership with the management team, Corrona, LLC. Corrona provides real world evidence through syndicated registry data and analysis services, helping biopharmaceutical companies demonstrate the value of their products to clinicians, patients, payers, and regulators.
buyer: Audax Group
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $24 billion in capital across its Private Equity and Private Debt businesses. "
target parent: Great Point Partners
target: Corrona, Inc.
Corrona provides real world evidence through syndicated registry data and analysis services, helping biopharmaceutical companies demonstrate the value of their products to clinicians, patients, payers, and regulators.
price ($mm)
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closed 8/13/2012 via Company Press Release

Francisco Partners Management LLC, acquired Therapeutic Research Center, Inc.

synopsis: Francisco Partners, a leading technology-focused private equity firm, announced that it has completed a strategic investment in Therapeutic Research Center, a leading provider of drug therapy recommendations, continuing education, training, and data to the healthcare community.
buyer: Francisco Partners Management LLC
Francisco Partners is a leading global private equity firm with offices in San Francisco and London focused exclusively on investments in technology and technology-enabled services businesses. "
target: Therapeutic Research Center, Inc.
Therapeutic Research Center is a research, analytic, and information services organization that provides evidence-based drug therapy recommendations for physicians, pharmacists, pharmacy technicians, and other healthcare professionals.
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closed 9/10/2009 via BusinessWire

United BioSource Corporation, acquired Cognitive Drug Research, Ltd.

synopsis: United BioSource Corporation (UBC) announced the acquisition of Cognitive Drug Research, Ltd. (CDR), the leader in computerized cognitive testing for clinical trials. The CDR System is the most widely used computerized cognitive testing system in the world: it is used in more than 1000 trials encompassing approximately 50 different disease areas.
buyer parent: Oak Investment Partners
buyer: United BioSource Corporation
United BioSource Corporation accelerates the generation, analysis and communication of real world evidence by integrating scientific and operational expertise with innovative technology solutions to support global development and commercialization of medical products for life science companies. "
target: Cognitive Drug Research, Ltd.
Cognitive Drug Research, Ltd. (CDR) is the world leader in automated cognitive function assessment in phase I through phase IV clinical trials. Founded by Keith Wesnes in 1986, CDR’s proprietary cognitive assessment system can be administered to virtually any patient population in any environment.
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closed 11/1/2018 via Company Press Release

BioInformatics Inc., acquired Kalorama Information

synopsis: BioInformatics Inc., the premier research and advisory company serving the life science industry, has acquired Kalorama Information from MarketResearch. Kalorama Information is a leading publisher of market research in healthcare areas, including in vitro diagnostics, imaging, biotechnology, healthcare, medical devices, and pharmaceuticals.
buyer: BioInformatics Inc.
BioInformatics Inc. is the leading research and advisory firm serving the life science, diagnostic and analytical instrument industries. Their expertise includes assessing the size and attractiveness of markets, optimizing product configurations and pricing and validating corporate acquisitions. "
target parent: MarketResearch.com, Inc.
target: Kalorama Information
Kalorama Information is a leading publisher of market research in healthcare areas, including in vitro diagnostics (IVD), imaging, biotechnology, healthcare, medical devices, and pharmaceuticals. Kalorama only publishes in healthcare.
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closed 12/6/2017 via Company Press Release

The Access Group, acquired Health Strategies Group

synopsis: Water Street Healthcare Partners, through its subsidiary, The Access Group, has acquired Health Strategies Group. Health Strategies Group is the leader in market access intelligence and customized research for pharmaceutical and biotech professionals. It dissects trends and identifies opportunities to help companies optimize their product access.
buyer parent: Water Street Healthcare Partners
buyer: The Access Group
The Access Group offers a breadth of services to clients, from traditional “block-and-tackle” launch execution tactics to in-depth market assessments. The company is dedicated to complete product life cycle management, creating brand solutions that drive demand across multiple stakeholder channels. "
target: Health Strategies Group
Health Strategies Group offers a dedicated team of research leaders committed to dissecting the trends, identifying customer needs, and pinpointing the barriers and opportunities for biopharma within the evolving health care environment.
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closed 4/15/2015 via PR Newswire

Insignia Capital Group, acquired Metanexgen, Inc.

synopsis: Insignia Capital Group announced the acquisition of metanexgen from DFW Capital Partners. Based in Bensalem, PA, metanexgen is a provider of technology-enabled multi-channel marketing solutions that allow pharmaceutical, biotechnology and medical device brands to effectively market their products to healthcare practitioners.
buyer: Insignia Capital Group
Insignia Capital is a private equity firm working with lower-middle market companies. Insignia Capital works with a wide variety of companies but their specialty is consumer, business services and healthcare. "
target parent: DFW Capital Partners
target: Metanexgen, Inc.
Metanexgen is a provider of technology-enabled multi-channel marketing solutions that allow pharmaceutical, biotechnology and medical device brands to effectively market their products to healthcare practitioners.
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announced 11/12/2014 via Company Press Release

Everyday Health, Inc., will acquire DoctorDirectory.com

synopsis: Everyday Health signed a definitive agreement to acquire DoctorDirectory. Based in North Carolina, DoctorDirectory provides pharmaceutical companies with multi-channel marketing services that target healthcare professionals. DoctorDirectory.com, Inc. also operates as an online directory for finding a doctor by specialty.
buyer: Everyday Health, Inc. (EVDY:$253.92)
Everyday Health, Inc. is a provider of digital health and wellness solutions. They attract consumers and healthcare professionals to their health and wellness properties, and utilize their data and analytics to deliver personalized content experiences and marketing and engagement solutions. "
target: DoctorDirectory.com
DoctorDirectory.com, Inc. operates as an online directory for finding a doctor by specialty. They also provide Healthcare Professionals the opportunity to participate in Market Research and other programs that help shape the healthcare industry.
price ($mm)
$65
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EV / EBITDA
closed 10/16/2014 via Company Press Release

BioPharm Communications, LLC, acquired Carson Analytics

synopsis: BioPharm Communications, a portfolio company of Southfield Capital and minority shareholder Boathouse Capital has announced the acquisition of Carson Analytics. Carson Analytics is a leading provider of integrated commercial analytics solutions for the pharmaceutical and biotechnology industries.
buyer parent: Southfield Capital Advisors
buyer: BioPharm Communications, LLC
BioPharm develops promotional medical education programs for customers in the pharmaceutical and biotechnology industries. The company creates robust clinical content in collaboration with key opinion leaders and delivers it to healthcare practitioners through the company's comprehensive suite. "
target: Carson Analytics
Carson Analytics is a leading provider of integrated commercial analytics solutions for the pharmaceutical and biotechnology industries. They provide advanced analytics solutions including forecasting, promotion response analysis and optimization of promotion mix.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/24/2013 via Reuters

Cross Marketing, acquired MedePanel

synopsis: Cross Marketing Group has announced the acquisition of MedePanel, a result-oriented research firm, headquartered in New Jersey. MedePanel supports healthcare business decisions by providing insights from patients, healthcare practitioners and other key healthcare stakeholders.
buyer: Cross Marketing (TSE:3675:$80.11)
Cross Marketing provides a full range of one-stop marketing research services based on their online research DNA, and continuing to evolve further into a marketing solution partner for their clients. "
target: MedePanel
MedePanel Online Inc is a result-oriented research firm, headquartered in New Jersey providing local account management support. MedePanel supports healthcare business decisions by providing insights from patients, healthcare practitioners and other key healthcare stakeholders.
price ($mm)
$3.96*
rev ($mm)
$4
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
closed 5/28/2013 via BusinessWire

QPharma, Inc., acquired MD Mindset, LLC

synopsis: QPharma has announced its acquisition of MD Mindset, LLC, a leading physician research firm focused on improving pharmaceutical sales force and marketing effectiveness. The Atlanta, GA-based company will transition operations of MD Snapshot, MD Feedback, MD Fellowship, and iSFE Tracker products and services to Morristown, New Jersey.
buyer: QPharma, Inc.
QPharma provides regulatory compliance and brand support for the pharmaceutical, medical device and other life sciences industries. Sample services include remediation consulting, validation services, project management & auditing, aggregate spend reporting, sample accountability & online training. "
target: MD Mindset, LLC
MD Mindset, founded in 2001, was established to help pharmaceutical and life sciences sales professionals maximize their performance and effectiveness when calling on healthcare professionals for sales details.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/23/2012 via BusinessWire

ImpactRx, Inc., acquired AlphaDetail, Inc.

synopsis: ImpactRx, a Symphony Technology Group company, and the pioneer in measuring the impact of promotion on physicians’ attitudes and prescribing behavior, announced that it has acquired AlphaDetail, Inc., a leader in global healthcare primary market research and influence network mapping.
buyer parent: Symphony Technology Group
buyer: ImpactRx, Inc.
ImpactRx is the leading provider of consultative and analytically-based promotional effectiveness solutions to the healthcare industry. ImpactRx's ImpactData™ is the industry’s sole source of continuous-capture market promotion and physician treatment data. "
target: AlphaDetail, Inc.
AlphaDetail is a rapidly growing global market research consulting company focused on the pharmaceutical and biotechnology industry. It uses the Internet as a channel to enable rapid, convenient, and effective communication between pharmaceutical companies, healthcare professionals and patients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/28/2016 via BNC Analysis

AplusA, acquired Bell Falla & Associates LLC

synopsis: AplusA buys Bell Falla to become a leading international marketing research for the pharmaceutical industry and the health sector. Bell Falla is an international market research and consulting firm for pharmaceutical, biotech and medical device companies. With the acquisition, AplusA plans to establish itself as a major player in the global market.
buyer: AplusA
AplusA is a reputable medical market research firm that specializes in international, primary research for the Pharmaceutical, Biotechnology and Medical Device Industries. For over 25 years, AplusA has been guiding lifecycle management of the most innovative healthcare products worldwide. "
target: Bell Falla & Associates LLC
Bell Falla & Associates is an international market research and consulting firm for pharmaceutical, biotech and medical device companies. They provide both qualitative and quantitative research using state of the art research methodologies, as well as statistical consulting and marketing consulting.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/19/2012 via PR Newswire

WorldOne, acquired Sermo

synopsis: WorldOne, the global leader in healthcare insights and intelligence, announced that it has acquired Sermo, the largest online community of U.S. physicians. Sermo has amassed a membership of 130,000 physicians and hundreds of clients, including eight of the top ten pharmaceutical companies in the world.
buyer: WorldOne
WorldOne is the largest healthcare data collection company in the world serving the market research industry. WorldOne offers clients online and offline access to medical professionals in over 80 countries through a range of differentiated products and services. "
target: Sermo
Sermo is the largest online physician community in the United States. All Sermo members are verified and credentialed physicians who collaborate on cases and exchange observations to improve patient care, discuss drugs and devices and share information on new therapies and innovations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/23/2011 via BusinessWire

M3 USA Corporation, acquired Doctors.net.uk

synopsis: M3 USA announced the acquisition of Doctors.net.uk, the largest physician network in the United Kingdom. Doctors.net.uk is the most popular professional web portal and email service for physicians in the UK while providing digital promotion and market research services to the life science industry.
buyer parent: Sony Corporation
buyer: M3 USA Corporation
M3 USA, named to represent Medicine, Media, and Metamorphosis, was founded with the goal of changing the world of medicine through full use of the power of the Internet. M3 provides the life science industry with highly targeted interactive marketing, education, content, and research solutions. "
target: Doctors.net.uk
Doctors.net.uk is a secure service offering a professional e-mail facility, clinical and non-clinical forums, the very latest medical news and free accredited education allowing doctors to maintain Continuing Professional Development (CPD).
price ($mm)
$21
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/15/2017 via BusinessWire

TractManager, acquired HAYES, Inc.

synopsis: TractManager, Inc., the healthcare industry’s largest supplier of strategic sourcing and contract lifecycle management (CLM) solutions, has acquired Hayes, Inc., an industry leader in providing clinically focused, evidence-based research and analysis to health plans, insurers, hospitals, healthcare systems, ACOs, and government agencies.
buyer parent: Arsenal Capital Partners
buyer: TractManager
TractManager’s healthcare-specific application suite serves three out of five U.S. hospitals. Serving the healthcare industry with integrity for more than 30 years, TractManager is the first-mover in strategic sourcing and enterprise contract lifecycle management. "
target: HAYES, Inc.
Hayes, Inc. is an industry leader in providing clinically focused, evidence-based research and analysis to health plans, insurers, hospitals, healthcare systems, ACOs, and government agencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/17/2006 via PR Newswire

United BioSource Corporation, acquired MetaWorks, Inc.

synopsis: United BioSource Corporation (UBC) today announced the acquisition of MetaWorks, Inc., a leading provider of systematic reviews and meta-analyses to inform development, marketing, and regulatory decision-making regarding health care products and services.
buyer: United BioSource Corporation
United BioSource Corporation accelerates the generation, analysis and communication of real world evidence by integrating scientific and operational expertise with innovative technology solutions to support global development and commercialization of medical products for life science companies. "
target: MetaWorks, Inc.
MetaWorks Inc. has gained a reputation as one of the healthcare industry's most expert and reliable sources for Evidence-Based Medical Information and technology. MetaWorks is a leading provider of systematic reviews, meta-analyses and other evidence-based-information services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: CNSX:PHGI
 
 
 
 
 
 
 
 
Premier Health Group Inc.
Premier Health is strategically poised to take advantage of business opportunities in the global health care industry. Their subsidiary, HealthVue, is focused on developing proprietary technology to deliver quality healthcare through the combination of telemedicine and artificial intelligence (AI).
year
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$2.54
EBITDA ($mm)
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EBIT ($mm)
($3.20)
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Employees
0
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Ticker: OM:RTC
 
 
 
 
 
 
 
 
Rethinking Care AB
Rethinking Care AB
Rethinking Care introduces a holistic concept in nursing & health, based on 3 interacting spheres of activity - "Software as a service", "Care as a service" & "Health as a service", based on a high level of competence in nursing & healthcare services as well as IT tools developed for health care.
year
2016
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker: EMED
 
 
 
 
 
 
 
 
MedCom USA, Inc.
MedCom USA, Inc. (EMED) provides innovative healthcare and financial transaction solutions for electronically processing HIPAA compliant transactions within the healthcare industry.
year
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rev ($mm)
$2.90
EBITDA ($mm)
($0.40)
EBIT ($mm)
($0.62)
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13
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Ticker: TDOC
 
 
 
 
 
 
 
 
TelaDoc, Inc.
TelaDoc, Inc.
Teladoc is the nation’s first and largest telehealth provider with more than 6 million members nationwide. Teladoc enhances access to affordable, high-quality medical care for adults and children via videoconferencing or telephone consultations.
year
2019
rev ($mm)
$519.56
EBITDA ($mm)
($30.98)
EBIT ($mm)
($74.40)
Net Income ($mm)
Employees
2386
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Ticker: OTCPK:AMEH
 
 
 
 
 
 
 
 
Apollo Medical Holdings, Inc.
Apollo Medical Holdings, Inc.
ApolloMed is a leading integrated population health management company committed to providing exceptional multi-disciplinary care in the communities it serves.
year
2015
rev ($mm)
$38.80
EBITDA ($mm)
($2.92)
EBIT ($mm)
($3.19)
Net Income ($mm)
Employees
150
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Ticker: TSE:6095
 
 
 
 
 
 
 
 
MedPeer,Inc.
MedPeer,Inc.
MedPeer provides appropriate services at every stage of the clinical process physicians are involved in day-to-day clinical operation. Drug Evaluation provides detailed peer reviews of prescription drugs, and Meet the Experts allows members to consult expert physicians in specific therapeutic areas.
year
2016
rev ($mm)
$9.13
EBITDA ($mm)
$0.94
EBIT ($mm)
$0.39
Net Income ($mm)
$0.20
Employees
44
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Ticker:
 
 
 
 
 
 
 
 
Clarivate Analytics
Clarivate Analytics
Clarivate Analytics is a research analytics software company that provides subscription-based services in research and patent analytics. Organizations and researchers rely on the knowledge bases from Clarivate for information about pharmaceutical and biotech intelligence and IP management.
year
2019
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$964.58
EBITDA ($mm)
$154.61
EBIT ($mm)
($47.97)
Net Income ($mm)
Employees
4515
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Ticker: TSE:2413
 
 
 
 
 
 
 
 
M3, Inc.
M3 Inc. represents the three Ms of Medicine, Media, and Metamorphosis. Their company was founded with the goal of changing the world of medicine through making full use of the power of the Internet.
year
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rev ($mm)
$1,110.45
EBITDA ($mm)
$306.07
EBIT ($mm)
$279.73
Net Income ($mm)
$191.17
Employees
6024
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Ticker: NYSE:IQV
 
 
 
 
 
 
 
 
IQVIA
IQVIA
IQVIA Holdings Inc. provides integrated information and technology-enabled healthcare services in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Commercial Solutions, Research & Development Solutions, and Integrated Engagement Services.
year
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rev ($mm)
$10,412.00
EBITDA ($mm)
$1,950.00
EBIT ($mm)
$809.00
Net Income ($mm)
$259.00
Employees
58000
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