Homecare Homebase Launches ‘Exchange’ Tool; Cerner, ResMed Form Care Transitions Partnership

Homecare Homebase launches ‘interoperability’ tool In an effort to improve interoperability, Homecare Homebase (HCHB) announced Wednesday that it has officially launched HCHB Exchange, a tool that allows home-based care providers to send and receive patient information. HCHB is a Dallas-based company that provides cloud-based software solutions for home health and hospice providers. HCHB Exchange is […]

Brightree Owner ResMed to Acquire MatrixCare for $750 Million

Health care technology company ResMed (NYSE: RMD, ASX: RMD) has signed a definitive agreement to acquire MatrixCare for $750 million. The purchase price represents a valuation multiple of 25 times the expected calendar year 2018 pro forma EBITDA of $30 million for MatrixCare. The move allows ResMed to expand across the continuum of care, strategically […]

M&A and Financing Newsflash: Heal Raises $20 Million

Heal Lands $20 Million in Venture Funding Los Angeles-based Heal has raised $20 million in venture funding, bringing the med-tech startup’s total capital raised to more than $69 million. Heal and its digital platforms assist patients in booking physician house calls, often for urgent care and routine illness visits. Heal has helped deliver more than 60,000 house calls […]

Kindred, Humana Crack Fortune 500 List for 2018

Only two companies with strong home health ties—Kindred Healthcare (NYSE: KND) and Humana (NYSE: HUM)—graced this year’s Fortune 500 list, but the industry as a whole appears to be inching its way closer to the top. The Fortune 500 list is an annual ranking of U.S. companies, both private and public, based on total revenues […]

Brightree Purchased by ResMed for $800 Million

ResMed (NYSE: RMD) announced on Monday a definitive agreement to acquire Brightree, a business management and clinical software applications company for the post-acute care industry, for $800 million. The acquisition could lead San Diego-based ResMed—a medical device company known for sleep-disordered breathing ad respiratory care—into the home health segment. To fund the acquisition, ResMed plans to […]

Philips, Cerner Launch New Home Care Tech to Reduce Readmissions

Three big names in health care technology are furthering their reach into home care by offering new products to capture, share, and analyze patient data from wearable devices and sensors. The offerings—one from Cerner Corp. (NASDAQ: CERN) and Qualcomm Life, Inc., (NASDAQ: QCOM) and the other from Royal Philips (NYSE: PHG; AEX: PHIA)—are meant to […]

Qualcomm Taps Collaborators to Develop Next Gen of Health Care Tech

Qualcomm Incorporated (NASDAQ: QCOM), a global technology developer and investor, is tapping several health care industry players to collaborate on developing its next generation of tech solutions. The company, through its subsidiary Qualcomm Life, Inc., is collaborating with ResMed (NYSE: RMD), King’s Daughters Medical Center and CareCentrix to build upon its tech solutions powered by Qualcomm […]