Telehealth Consolidation: Avizia Acquires Carena
On Tuesday, Virginia-based telehealth provider Avizia announced they had acquired Seattle-based virtual care provider Carena.
[The deal will] further strengthen [Avizia’s] position as a system-wide telehealth partner for US healthcare systems. The terms of the deal were not disclosed.
“This acquisition combines two of the nation’s leading virtual care platforms,” Mike Baird, CEO of Avizia, said in a statement. “With Carena’s select provider network, Avizia empowers hospitals with the most comprehensive, customizable, and trusted telehealth solution available.”
In a sign of a maturing market, Avizia is clearly looking to combine and expand upon the market share of each company, with plans to maintain the Seattle office and give Carena’s president and CEO, Ralph Derrickson, a new title at Avizia: senior vice president of corporate development.
Avizia’s telehealth platform, which consists of software, mobile applications, virtual care services, and a provider network, is currently employed in more than a quarter of all US hospitals. Founded in 2013 and spun out of Cisco, the company says it has raised $20 million in funding and is backed by HealthQuest, Northwell Health, NewYork-Presbyterian, and other healthcare organizations.
Carena, founded in 2000, designs and operates virtual clinics that provide access to care for more than 120 hospitals and 35 million consumers. The company announced a partnership with data analytics firm Aegis Health Group in April, and as part of Avizia will offer health systems a customizable approach to care delivery.