Digital healthcare company acquires online medical marketplace for $150M

Digital healthcare company Tendo is acquiring MDsave, an online healthcare marketplace, for $150 million, Philadelphia Business Journal reported Sept. 27.

Advertisement

Tendo, which creates software for patient check-in and clinical data entry, was last valued at $550 million. MDsave works as an online healthcare marketplace that looks to connect providers, employers and patients to healthcare with upfront prices.

The acquisition is expected to close in October, according to a Sept. 27 Tendo news release.

“Patients, caregivers, employers, and navigators need easier ways of discovering and consuming high-quality, cost-effective healthcare,” Tendo CEO Dan Goldsmith said in the news release. “Together, MDsave and Tendo will create the first end-to-end solution for seeking, scheduling, engaging, paying for, and managing care.”

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Digital Health

Advertisement

Comments are closed.