Crain Communications Inc Acquires Digital Health Business from Mercom Capital Group, Expanding Data and Research Platform

0


Combined capabilities create powerful digital health data and research tools for an explosively growing industry

Posted: October 15, 2021 at 10:10 am MST|Update: 20 minutes ago

AUSTIN, Texas and CHICAGO, October 15, 2021 / PRNewswire / – Crain Communications, parent company of Modern Healthcare, is pleased to announce the acquisition of the Digital Health business of Mercom Capital Group, a leading source of digital healthcare research and financial data health. The acquisition includes all of Mercom’s digital health research assets, including its funding and merger and acquisition (M&A) reports and subscriptions, databases, newsletters and other related assets. These assets complement Modern Healthcare’s digital health data and products and services, including websites, e-newsletters, mobile products, interactive databases and research solutions to deliver a powerful digital health portfolio and full.

CRAIN COMMUNICATIONS INC ACQUIRES DIGITAL HEALTH BUSINESS OF MERCOM CAPITAL GROUP, EXPANDING DATA AND RESEARCH PLATFORM

“For over 45 years, Modern Healthcare has been the trusted voice for healthcare business insight and insight. This strategic acquisition will allow Modern Healthcare to enhance our data portfolio, strengthen our value proposition and empower healthcare leaders to succeed, ”said KC Crain, President and CEO of Crain Communications. “The addition of Mercom Capital’s data sets, products and services will enable Modern Healthcare to expand into the digital health space, reaching more sectors interested in the healthcare industry, including capital- risk and digital health executives as they seek to grow within the industry. “

“We are excited to expand our digital health portfolio to include much needed information and insight specific to this growing vertical,” said Lopez fawn, editor of Modern Healthcare. “Our combined offerings will inform and connect the entire digital health ecosystem, enabling improved patient care, better understanding of regulatory and funding decisions relating to digital health technologies, and in-depth analysis of trends and investment opportunities. “

Since 2020, the growth of the digital health industry has been further boosted by the COVID-19 pandemic, resulting in a significant influx of funds in areas such as telemedicine, data analytics, clinical decision support, mobile health and other applications. Since 2010, Digital Health companies have received nearly 80 billion dollars in venture capital financing in nearly 6,000 transactions and more $ 26 billion debt and public procurement financing, bringing cumulative investments in the sector to more than $ 100 billion, according to the Mercom database on digital health financing and mergers and acquisitions.

Raj Prabhu, CEO of Mercom Capital Group, said the company has focused on the digital health space since its inception and was one of the first companies to start tracking financial activity with a proprietary methodology. .

“With our in-depth data and analysis, we identify changing industry trends and help companies make sound strategic decisions for new market entry and when identifying technologies, investors or merger candidates and potential acquisitions, ”Prabhu said. “Modern Healthcare’s incredible multimedia platform, combined with Mercom’s digital health data and analytics, will create a powerful digital health research tool with unique content that can help businesses and investors navigate business trends. ‘a market that is experiencing spectacular growth. “

Under its own brand, Modern Healthcare will continue to publish Digital Health’s financing and M&A reports, as well as digital health-specific newsletters.

About the Mercom Capital group
Mercom Capital Group, LLC, is a global communications and research firm focused on clean energy and digital health. Mercom provides highly respected reports covering solar energy, energy storage, smart grid and energy efficiency and digital health. Our reports provide timely industry events and ahead of the curve analysis for C-level decision making. Mercom’s communications division helps companies and financial institutions at the forefront of the energy transition achieve their ESG objectives while establishing solid relationships with the media, analysts, government decision-makers, local communities and strategic partners. Mercom’s subsidiary, Mercom Communications India, is a clean energy media and research platform covering india energetic transition. For more information on Mercom Capital Group, visit: http://www.mercomcapital.com

About Crain Communications Inc
Crain Communications is a privately held media company that produces reliable and relevant news publications, lead generation, research and data products, digital platforms, personalized publications and events with uncompromising integrity. Reaching 78 million readers worldwide, the company’s portfolio consists of 21 brands. Many of Crain’s brands are the most influential media properties in the verticals they serve, including Automotive News, Ad Age, Modern Healthcare, Plastics News, and Pensions & Investments. Based at Detroit, the company has more than 650 employees across 10 locations, delivering exceptional news content across a variety of platforms to drive the success of its readers and customers. To learn more about Crain Communications, visit https://www.crain.com.

About Modern Healthcare, published by Crain Communications Inc
Modern Healthcare is the industry’s leading source for health business and policy news, research and information. Modern Healthcare’s unbiased approach and commitment to fair reporting delivers news and information you can trust. Providing in-depth analysis, readers rely on Modern Healthcare to provide insight into what happens next, its impact on organizations, and what can be done to ensure success in an ever-changing healthcare landscape. evolution. To learn more about modern healthcare, visit https://www.modernhealthcare.com.

Contact:
Vickie Crews-Anderson
[email protected]

Show original content:

SOURCE Modern healthcare

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.


Share.

About Author

Leave A Reply