Local health tech powerhouse emids has been on an acquisition spree, announcing the company has acquired Canada-based Macadamian, a global full-service software design and development consultancy and one of the largest healthcare specialist firms of its kind. This latest move comes on the heels of the recent acquisition of payer IT consulting firm FlexTech last summer. The deal brings design capabilities to emids and expands its global employee footprint to more than 2,300, with 109 expert designers, developers and engineers in Canada and Eastern Europe.
Monogram Health, a startup venture backed by Frist Cressey Ventures and Norwest Venture Partners, has recently secured $8.1 million in funding and a strategic deal with California-based SCAN Health Plan, one of the nation's largest not-for-profit Medicare Advantage plans. Monogram Health is a kidney care management company providing at-home care and data-driven solutions for patients living with chronic kidney and end-stage renal disease. The deal marks the first time SCAN has made an outside investment.
Community Health Systems, Inc. has completed the sale of two Texas hospitals - 231-bed Abilene Regional Medical Center in Abilene and 188-bed Brownwood Regional Medical Center in Brownwood and their associated assets - to subsidiaries of Hendrick Health System. The publicly traded company also recently announced fourth quarter 2020 results, which saw net operating revenues of $3.119 billion, a 5.1 percent decrease from the same period in 2019. During 2020, CHS completed divestitures of 13 hospitals and permanently ceased operations at one hospital.
In February, Nashville-based Aegis Sciences Corporation, which provides medication compliance testing and consulting services to providers, announced an agreement with Walgreens to expand their arrangement for the performance of fast and accurate COVID-19 diagnostic testing as Walgreens further expands COVID-19 drive-thru testing nationwide. Services were expected to expand to more than 3,000 Walgreens pharmacy locations by the end of February with additional growth plants anticipated in the coming months.
After 15 years at the helm, Qualifacts President and CEO David Klements has stepped aside from his daily operational role but will remain on the board of the behavioral health EHR company. The move comes several months after Qualifacts and Maryland-based Credible Behavioral Health merged. Paul Ricci has taken over the leadership role at Qualifacts. He is the former chairman and CEO of Nuance Communications.
Despite the challenges of COVID-19, HCA Healthcare reported year-over-year gains in their fourth quarter 2020 report. The publicly traded company announced fourth quarter 2020 revenues increased to $14.293 billion, from $13.523 billion in the fourth quarter of 2019. Net income attributable to HCA Healthcare, Inc. totaled $1.426 billion, or $4.13 per diluted share, compared to $1.071 billion, or $3.09 per diluted share, in the fourth quarter of 2019.
Brentwood-based Spero Health recently announced plans to open a new addiction treatment clinic in Findlay, OH to quickly respond to the growing need for outpatient community-based services as overdose deaths reach an all-time high.