Healthcare IT Overview

HW Healthcare IT Taxonomy


  • Patient-Facing Solutions
  • Care Delivery: Operational Efficiency
  • Care Delivery: Clinical / Acute
  • Care Delivery: Clinical / Non-Acute
  • Care Delivery: Clinical / Post-Acute
  • Pharma & Devices
  • Revenue Cycle Management
  • Population Health & Risk Management




HW Healthcare IT Market Map

Please contact HW for proprietary detailed HCIT market map. 


What We’re Reading

House Passes Opioid Bill to Expand Telehealth, E-Prescribing

Health Data Management 6/26/2018

"The House of Representatives recently passed legislation that would expand access to treatment via telehealth in the Medicare program and require electronic prescribing for controlled substances within Medicare’s prescription drug program. The Opioid Safety Alliance was launched by a coalition of companies in January to advance a health IT-centric policy agenda to combat the problem of opioids."

Read the full article here

Next-Gen Population Health: MHealth, Social Determinants, Prescriptive Analytics

Healthcare IT News 6/25/2018

"Population health is viewed as the key to successful delivery of healthcare in the future, especially as more hospitals and health systems fall under value-based care contracts. Population health information systems are leveraging mobile technology to navigate the challenges of managing the health of a population versus that of an individual. Today’s technology is often focused on identifying gaps in care and subsequently addressing them, whereas the next generation of population health management technology looks to prevent them in the first place."

Read the full article here.  

EU Data Privacy Rule GDPR Impacts Us Health IT Infrastructure

HIT Infrastructure 5/25/2018

"The General Data Protection Regulation (GDPR) is a new regulation in the EU that protects the data privacy of citizens, and gives citizens control over their personal data. The GDPR does not only apply to EU organizations, but to any organization across the world that has access to data of EU citizens. As GDPR takes effect, healthcare organizations need to be aware of the regulation changes to understand how their data exchange and access processes may be impacted. Companies will also need to conduct security risk assessments to determine whether their current security infrastructure meets GDPR standard."

Read the full article here.  

Healthcare API’s Put Patients in Control of Their Data

HIT Infrastructure 4/25/2018

"The introduction of blockchain into healthcare IT infrastructure has sparked the concept of giving patients more control of their own data. Organizations are focusing on application programming interfaces (APIs) to successfully interoperate the novel IT infrastructure and responsible data sharing. APIs act as bridges between two applications, allowing data to flow, regardless of how each application was originally designed. One of the main challenges associated with this technology is the security protocols surrounding sensitive customer data."

Read the full article here.  

How an Aging Population Will Revolutionize Internet of Things and Edge Solutions

HIT Infrastructure 4/02/2018

"IoT and edge solutions are helping evolve telemedicine and a distributed healthcare ecosystem. The vast majority think that IoT devices and solutions were mainly being used by young people or within certain types of applications, however, the real users of IoT will actually become an aging population. Organizations are investing in edge solutions to be able to process critical IoT data and services much closer to the user."

Read the full article here.  

Key Healthcare Macro Indicators


HCIT Public Market Valuations7


As of June 30, 2018

*pending acquisition

Public Comparables7

Valuation and Operating Metrics

As of June 30, 2018 ($ in millions, except per share amounts)


Notable HCIT M&A Transactions7


Verscend’s Acquisition of Cotiviti

  • Cotiviti is a provider of payment accuracy and analytics-driven solutions for healthcare payers
  • The Company's solutions offer insights that unlock value from complex interactions between clients and their stakeholders
  • The acquisition will further drive value-added solutions and differentiated product development, continuing to drive commitment to customer support



RL Solutions Merger with Datix

  • RL Solutions is a provider of a healthcare software management system designed for patient feedback, incident reporting, and risk management
  • Datix is a provider of cloud-based patient safety and compliance software, enabling healthcare organizations to improve the quality of patient care
  • The merger will create a global leader in patient safety, quality, and infection prevention



Medidata’s Acquisition of Shyft Analytics

  • Shyft Analytics is a provider of an analytics-based cloud solution designed to transform complex healthcare data into on-demand clinical and commercial insight
  • The Company's solutions offers analytical insights in order to provide new ways to commercialize drugs and measure patient outcomes for the life sciences industry
  • The acquisition furthers Medidata’s goal to transform how life science companies harness the value of data to advance enterprise decision-making and patient outcomes



ExlService Holdings’ Acquisition of SCIO Health Analytics

  • SCIO Health Analytics is a provider of a health analytics solutions designed to drive actionable insights to solve complicated problems
  • The Company's health analytics services offer insights in the areas of payment integrity, risk and care management, value-based benefit design, consumer engagement, and consumer segmentation
  • The acquisition strengthens EXL’s capability in the high growth cost optimization and care optimization markets

HCIT M&A and Private Placement Activity at a Glance


M&A Transaction Activity7,8

Last 12 Months as of June 30, 2018 ($ in millions)




Private Placement Activity7,8

Last 12 Months as of June 30, 2018 ($ in millions)




Summary of Technology IPOs

Recent U.S. Technology IPO Activity (by Offering Size)1


  • After a slow 1Q 2018, technology IPO activity rebounded in 2Q driven by strong market performance for technology stocks and continued investor demand for high-growth companies.
  • Notable technology IPOs in 2Q 2018 include DocuSign, Ceridian, Pivotal Software, and Carbon Black.
  • Investors continue to view the public markets as a highly attractive source of capital as public market valuations are now exceeding private market valuations.


Debt Market Overview


  • Median middle market LBO loan multiples through 1H 2018 were 5.4x leverage, remaining in line with the prior four quarters
  • Middle market LBO loan volume decreased slightly to $1.5 billion in 2Q 2018.


  • The Technology sector in the middle market was the largest recipient of LBO loans through 1H 2018, representing 25.1% of new issuance, followed by Healthcare representing 19.7%.
  • Median LBO debt percentages increased remained flat at 53% of total purchase price through 1H 2018.

    HW’s Technology, Media, & Telecom Group


    1. Centers for Medicare & Medicaid Services

    2. Office of the Actuary

    3. America's Health Insurance Plans

    4. Kaiser Family Foundation

    5. Accenture

    6. HIMMS Analytics

    7. FactSet

    8. PitchBook

    9. PNC Capital Markets

    10. S&P LCD stats

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