To further its coverage and industry insights, Crain Communications has acquired Mercom Capital Group’s Digital Health business, which focuses on digital healthcare financial data and research. The offerings will complement Modern Healthcare, which is owned and operated by Crain Communication.
The acquisition includes all of Mercom’s research assets, including its reports on funding, mergers and acquisitions, as well as its subscriptions, databases and newsletters.
“For over 45 years, Modern Healthcare has been the trusted voice of healthcare business news and insights. This strategic acquisition will allow Modern Healthcare to enhance our data portfolio, strengthen our value proposition and further empower healthcare leaders to succeed,” said KC Crain, president and CEO of Crain Communications.
Due to the COVID-19 pandemic, digital health industry growth has accelerated, leading to more funding for telemedicine, data analytics, clinical decision support and mHealth apps.
“We are excited to expand our digital health portfolio to include much-needed insight and information specific to this rapidly expanding vertical,” said Fawn Lopez, publisher of Modern Healthcare. “Our combined offerings will inform and connect the entire digital health ecosystem, enabling improved patient care, a greater understanding of regulatory and funding decisions relative to digital health technologies and in-depth analysis of investment trends and opportunities.”
Since 2010, digital health companies have received nearly $80 billion in venture-capital funding through more than 6,000 deals and almost $26 billion in debt and public market financing, according to Mercom’s Digital Health 2020 Annual Funding and M&A report. The cumulative investments into the sector amount to over $100 billion.
Mercom was one of the first companies to focus on financial activity and ownership of digital health using a set methodology, said Raj Prabhu, CEO of Mercom Capital Group, in a news release.
Using Mercom’s Digital Health data and analytics, Modern Healthcare will be able to facilitate a research tool allowing companies and investors to navigate trends and make strategic decisions, he said.