Athenahealth was the most expensive HIT acquisition of 2018

Jessica Kim Cohen - Print  | 

Private equity firm Veritas Capital and Evergreen Coast Capital, an affiliate of hedge fund Elliott Management, purchased athenahealth in November for $5.7 billion, closing the largest digital health transaction of 2018, according to a report by market research firm Mercom Capital Group.

There were 223 mergers and acquisitions in the digital health sector during 2018, up from 203 of these transactions during 2017, according to the report. Eighteen companies participated in multiple M&A transactions during 2018.

Seven biggest digital health M&A transactions during 2018:

1. Veritas Capital and Evergreen Coast Capital's acquisition of athenahealth: $5.7 billion

2. Platinum Equity's acquisition of LifeScan: $2.1 billion

3. Vista Equity Partners' acquisition of MindBody: $1.9 billion

4. Roche's acquisition of Flatiron Health: $1.9 billion

5. Inovalon's acquisition of Ability Network: $1.2 billion

6. Veritas Capital's acquisition of GE Healthcare's value-based care business: $1 billion

7. 3M's acquisition of M*Modal: $1 billion

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