Financial news, corporate announcements, analysts’ reports
SINGAPORE: Insurance sector rating agency, AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Health Services Welfare Society Limited (New Zealand), trading as Accuro Health Insurance (Accuro). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Accuro’s balance sheet strength, which…
Jackson House, a provider of residential mental health treatment in California, has acquired a majority stake in Cameron Care, a Portland-based residential treatment provider for adults with severe and persistent mental illness. The deal, which was announced on Monday, will create a new entity called Cameron Care, LLC, with Corey Cameron, the owner of Cameron…
Colibri Group, a company that provides learning solutions to licensed professionals, has announced the acquisition of TRC Healthcare, a leading provider of education and training for healthcare practitioners. The deal will enhance Colibri Group’s portfolio of professional education services for pharmacists, nurses, physicians and other healthcare professionals. TRC Healthcare offers a range of products and…
Octave, a San Francisco-based company that specializes in outcomes-focused behavioral health care, has raised $52 million in Series C funding. The round was led by Cigna Ventures, Novo Holdings, and Avidity Partners, and included participation from existing investors Health Velocity Capital, Greycroft Partners, Felicis Ventures, Company Ventures, and Obvious Ventures. With this latest funding, Octave…
LONDON, UK: Goodbody Health (AQSE: GDBY) announced the expansion of services through partnerships and the launch of its new mobile phlebotomy service to develop and increase the reach of the phlebotomy services that Goodbody is able to offer. This allows testing to be undertaken in the patients home or other convenient location and meets the…
LONDON, UK: Primary Health Properties, one of the leading investors in modern primary healthcare facilities in the UK and Ireland, has acquired Axis Technical Services Limited, an Irish property management business; and signed a long-term Development Pipeline Agreement providing access to a strong pipeline of future primary care projects in Ireland. Axis Technical Services Limited,…
TORONTO: CB2 Insights has entered into a Business Services Agreement with the Freas Medical Advisors (FMA) to expand medical services in Maryland. FMA is also investigating geographic expansion of its relationship with CB2 across other US States, a news release said. As part of CB2’s Direct Primary Care services (DPC), patients pay an annual fee…
MELBOURNE: Alcidion Group Limited has renewed its ongoing support services contract with ACT Health for two further years, a news release said. The contract extension is valued at $1.3 million and effective from 1 January 2021. The contract extension will see Alcidion continue to provide ongoing technical support services to ACT Health for their integrated…
LONDON: Optima Health, a leading UK-based provider of corporate health and wellbeing solutions, announced Friday it has agreed to acquire Ireland’s Cognate Health Limited in a deal worth up to €9 million ($9.7 million). The acquisition marks Optima’s first expansion into the Republic of Ireland, adding approximately €7 million in annual revenue and €1 million in…
LONDON: Spire Healthcare, a leading independent healthcare group in the United Kingdom, has announced the acquisition of Acorn Occupational Health Limited (Acorn). Acorn, a national provider of Occupational Health Services Spire today announces the acquisition of Acorn for an initial consideration of £3.3 million. Acorn provides Occupational Health services to a wide range of corporate…
SYDNEY: Vitura Health Limited (ASX: VIT), a leading digital health platform, announced it has entered into a Share Purchase Agreement to acquire Livelihood Health Pty Ltd and its associated companies. Livelihood Health, under the “Candor Medical” brand, offers prescription treatments including medicinal cannabis through telehealth consultations. Founded by Joel and Dr. Lisa Beckett in 2022,…
SALT LAKE CITY: Cotiviti, a leader in data-driven healthcare solutions, announced today that it has entered into an agreement to acquire Edifecs, a pioneer in healthcare data interoperability. The combined platform aims to enhance connectivity between payers and providers, increase collaboration in the delivery of care, and accelerate the deployment of value-added solutions within the…