Executive Perspectives
In a prepared statement about the deal, Jann said:"We are confident that our new affiliation will better equip us to serve all our clients today and for many years to come. In the upcoming months, we will take the best ideas from both companies and begin to merge them into the new Medicus IT. Two immediate focuses include improved automation and an increased focus on security – all to provide an improved and more protected experience to our clients. We want to offer our clients a feeling of confidence when it comes to their compliance."
Mergers & Acquisitions: Healthcare MSP Consolidation
Some MSPs are increasingly targeting the healthcare vertical, but the journey isn't easy. Facilities like doctors offices, imaging centers, dental practices, clinics, and more certainly want outsourced IT help. But the MSPs need to be fluent in the healthcare sector -- mastering compliance issues like HIPAA, while also diving into such areas as electronic health records (EHR). Key influencers in the market include Compliancy Group, while helps MSPs to wrap their arms around HIPAA and more.Amid all those variables, some MSPs are acquiring their way into the healthcare vertical. Among the deals we've tracked:- January 2019: CompassMSP bought TS Tech Enterprises, a Pennsylvania-area MSP that supports dental practices.
- June, 2018: Netgain Technology acquired iManaged Solutions, a healthcare MSP.
- June 2018: FutureTech Holding (FTH) acquired A2U, a healthcare-focused IT solutions provider, MSP and consultancy in Pittsburgh, Pennsylvania.
- May 2018: Healthcare consulting and services firm Cumberland Consulting Group acquired LinkEHR, an Electronic Health Records (EHR) managed services firm.
- March 2018: CareWorx, an MSP focused on senior healthcare facilities, closed a $17 million round of funding from Kayne Partners. CareWorx has since merged with Fully Managed.
