Health Tech: Aluna brought in 15 million dollars

After the 2022 deficit The healthcare bargaining market this year will be defined by cash-rich strategies making calculated bets, a Bain & Company report predicts.

Why is it important? Strategies are in place to lead additional venture capital raises, and their balance sheets suggest they will be active buyers as well.Claire wrote.

• The report surveyed nearly 300 M&A executives worldwide on their outlook and priorities for 2023.

Present: In the year Payers are set on the deal by 2022, but the 25 health insurers have a combined $200 billion on their balance sheets, the report says.

• Given the sheer size of the major players, maintaining a competitive advantage and moving the needle on revenue will require large acquisitions.
• An equity merger won’t bypass the regulatory system, but expect payers to make big purchases in neighboring markets (it’s good to look at UnitedHealthGroup-owned Optum’s playbook).

Meanwhile, MedTech M&A last year was mainly “designed to provide new technologies for future development,” the report says.

• The report cites Striker’s $3 billion acquisition of Vokera Communications as an example.

What they say: “There is a lot of overlap between digital health and med tech,” Andreessen Horowitz general partner Julie Yu said at an SVB webinar last week.

• Best Buy paid $400 million for remote patient monitoring technology provider Current Health last year, and Bioforms raised $320 million in Series D capital from General Atlantic and Intel at a valuation of nearly $1.3 billion.
• “Hybrid business models may be why people don’t traditionally lean on med tech, they reduce a lot of risk where they can take manufacturing risk and supply chain risk,” Yeo says.

Yes, but: Don’t count out private equity competition, the report warns.

• “Strategic buyers hoping for a steal should be prepared for competition from financial buyers later in the year,” he said, noting that they continue to be willing to pay for dry powder volume and good quality assets.