Amalgam Rx, a creator of digital health products and patient support programs, acquired Avhana Health, an electronic health record (EHR)-integrated clinical decision support software, for an undisclosed amount.
According to the company, the Avhana Health clinical decision support is used by doctors (at more than 150 hospitals) to support real-time adoption and adherence to clinical quality guidelines.
With this acquisition, Amalgam Rx will expand Avhana’s CDS tools to multiple therapeutic areas and combine them with other digital solutions to simplify doctors’ workflows.
“This is an unprecedented moment in the healthcare industry. The COVID-19 pandemic has accelerated adoption of digital technology to support remote care. Combining relevant healthcare data with seamless, efficient, and trustworthy workflows is key to successful provider use of these technologies,” said Dr. Marlene Grenon, director of digital health at the University of California, San Francisco (UCFS) Innovation Ventures.
Backed by SR One, Boston Millennia Partners Founders Fund, TEDCO, DreamIt Ventures, and Wilmington Investor Network, Avhana Heath has secured a total of $1 million VC funding to date.
“Leading Health systems are actively engaging in the digital revolution. The task at hand is to leverage the foundation of EHR enablement to use digital in a way that takes cost out of the system, improves patient care and quality, reimagines workflow, and substitutes capital for labor,” said Eric Langshur, co-founder and executive chairman of AVIA, the nation’s leading healthcare innovation network.
In 2020, a total of 184 digital health companies were acquired/merged compared to 169 in 2019, a 9% increase in deal activity. Recently, Net Health, a provider of electronic health records software for specialty medical providers, acquired PointRight, a provider of decision support tools for the post-acute facilities.
