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November 7, 2022 News No Comments

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Primary care company VillageMD will acquire provider Summit Health for $9 billion.

Walgreens owns a majority stake in VillageMD, having invested over $5.2 billion in the company last year to co-locate its clinics with its retail pharmacies.

Once the deal is done, VillageMD, which merged with urgent care provider CityMD in 2019, will operate nearly 700 primary, specialty, and urgent care facilities in 26 markets.


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Acquisitions, Funding, Business, and Stock

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Hybrid musculoskeletal care company Limber Health raises $11 million in a Series A funding round. A randomized control trial conducted at Mayo Clinic in 2020 found that patients with knee pain who used Limber’s digital exercise therapy app had superior functional and pain improvement compared to those who had in-person physical therapy.

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Eye care management and adherence software vendor Lumata Health raises $4 million in a Series A funding round.


People

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Faiza Hughell (RingCentral) joins Tebra, the umbrella brand of Kareo and PatientPop, as chief revenue officer.

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UpHealth names Melissa Frieswick (Total Brain) chief growth officer.


Announcements and Implementations

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Kansas-based community health center CareArc goes live on Epic.


Other

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DirectTrust reports that 208 million Direct Secure messages have been sent and received over the course of Q3 2022 – a 9% increase over the same period last year. Consumers and healthcare organizations engaged in Direct messaging and active DirectTrust addresses all experienced Q3 decreases, which the organization attributes to data quality improvement efforts and healthcare mergers and acquisitions.


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