"Congress votes to avert government shutdown, but chooses not to halt 3.37% Medicare pay cut for 2024. American Medical Association expresses disappointment."
M&A activity in the healthcare sector continued to decline in the second quarter of 2023, with the number of deals reaching its lowest point in three years. However, a new report predicted that M&A activity could increase in the second half of this year due to healthcare companies’ continually shrinking valuations and their divestitures of non-core assets.
Tebra, a company that sells software to independent physician practices, announced it has raised more than $72 million and reached a valuation greater than $1 billion. The company, which formed last year as a result of a merger between PatientPop and Kareo, will use the funding to advance its platform and scale its sales and marketing teams.