10 digital health mergers and acquisitions from Q3 2019

It may have been easy to miss, given the excitement of the quarter’s IPOs, but the third quarter of 2019 was actually a light one for digital health mergers and acquisitions, with just 10 deals — compared to 17 in Q1 and 12 in Q2.

As usual, we’ve ordered acquisitions by price first, then chronologically for the unknown terms — which is most of them. It’s worth noting that the quarter also saw rumors of a possible Fitbit acquisition, but nothing’s come of that so far.

OptimizeRx acquires RMDY Health for $16 million — In the only deal of the quarter with disclosed terms, OptimizeRx, a software company that enables digital health messaging between pharmas and providers, acquired RMDY Health, a SaaS platform designed for digital therapeutics. RMDY shareholders will receive $8 million in cash and another $8 million in equity upon the deal’s closure. OptimizeRx views the acquisition of RMDY’s team and technology as an opportunity to expand its messaging platform’s capabilities, as well as to reach a new client base beyond pharmas and providers. More.