Avizia Acquires Carena
Telehealth company Avizia announced on October 10 that it will acquire Seattle-based Carena, a leading virtual care provider. This acquisition makes Avizia the largest and most comprehensive telehealth solutions partner in the nation. It will also roughly double Avizia’s size, raising the number of health systems on its platform from about 35 to 70. The combined company will provide telemedicine services to more than 1,300 hospitals.
Avizia helps both initiate and maintain system-wide telehealth strategies. By adding Carena to its holdings, Avizia can now customize a comprehensive telehealth platform for its clients, including software, mobile applications, virtual care devices, and a provider network.
Carena designs and operates virtual care clinics and helps those clinics access more than 35 million customers. Its strength as a virtual care provider will add to Avizia’s developing healthcare system.
“This acquisition combines two of the nation’s leading virtual care platforms,” said Avizia CEO Mike Baird. “With Carena’s select provider network, Avizia empowers hospitals with the most comprehensive, customizable, and trusted telehealth solution available.”
Avizia is backed by organizations such as HealthQuest, Northwell Health, and NewYork-Presbyterian. The company has already raised $20 million in funding since its beginnings as a spinout of Cisco Systems in 2013. It now offers telehealth programs at more than 25% of all US hospitals. Rather than focusing on niche markets like urgent care, Avizia concentrates on telehealth delivery for hospitals and refining the technology that makes that possible.
“The Carena team is proud to become part of the Avizia telehealth platform, which is trusted by four out of the top five IDNs and connects the nation’s leading neurology, psychiatric, and pediatric programs,” said Carena President and CEO Ralph Derrickson. “Our combined company partners with some of the most prestigious healthcare organizations in the country, including Catholic Health Initiatives, NewYork-Presbyterian, Northwell Health, Dignity Health, and the Medical University of South Carolina.”
Derrickson will transition to Avizia’s senior vice president of corporate development. Avizia’s headquarters will remain in Reston, VA, while Carena’s stays in Seattle, WA.
Other terms of the acquisition have not been disclosed. Avizia intends to continue exploring merger and acquisition opportunities.
Find out more about the acquisition in these articles:
- Avizia Acquires Carena (BusinessWire)
- Reston Telemedicine Firm Avizia Acquires Seattle Competitor (Washington Business Journal)
- Telehealth Business Avizia Acquires Carena to Add Physician Networks (MedCityNews)
- Avizia Acquires Carena, Offers Telehealth to 1.3k Hospitals (Becker’s Hospital Review)
- Avizia Acquires Virtual Health Care Provider Carena (Healthcare Informatics)
- Avizia Acquires Virtual Care Provider Carena to Boost Telehealth Market Share (HIT Consultant)
- Telehealth Provider Avizia Buys Carena, Adds Virtual Care Technologies (Healthcare IT News)
- Virtual Healthcare Startup Carena Acquired by Virginia-Based Telemedicine Provider Avizia (GeekWire)