M&A: Tendo Acquires MDsave for $150M

What You Should Know: 

– Tendo, a digital health company committed to creating seamless healthcare experiences for patients, clinicians, and caregivers announced it has acquired MDsave, a leading healthcare marketplace that democratizes care access for all for $150M

– The strategic acquisition extends Tendo’s platform and applications to include MDsave’s marketplace, enabling patients to easily seek, schedule, pay for, and manage healthcare with transparent pricing through one solution. The transaction is expected to close in October.

Acquisition Creates Platform for Patient Engagement and Shoppable Care

The healthcare model in America is at its knees, but this desperation is giving rise to newfound creativity and innovation. For instance, 65% of covered workers are in novel plans that are self-funded by their employers. However a new Health Affairs study found self-insured employers are getting hosed on health care prices (even though the whole point of self-insuring is based on a theory of saving money). Tendo’s strategic acquisition of MDSave helps self-insured employers by delivering a better way to find and consume high-quality, affordable healthcare, while also offering providers the opportunity to increase volume and improve financial health. In the end, patients benefit most.

Tendo’s acquisition creates the most comprehensive national coverage of healthcare systems over 350 hospitals (including such leaders as Intermountain, Adventist, Community Health Systems, and Northwestern) across 3,500+ locations across the U.S. and inclusive of over 40 medical areas covering general care, specialty care, surgical, and imaging. 

“Patients, caregivers, employers, and navigators need easier ways of discovering and consuming high-quality, cost-effective healthcare,” said Dan Goldsmith, CEO of Tendo. “Together, MDsave and Tendo will create the first end-to-end solution for seeking, scheduling, engaging, paying for, and managing care.”

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