Hint Health announced it had purchased AeroDPC, which offers an EHR and practice management software for direct primary care clinics.
Hint’s tools include HintOS, a platform geared toward practices using a subscription-based payment model for care instead of working through insurers. It assists with enrollment, member management, billing and administration.
Immediately following the deal, AeroDPC will operate as an independent subsidiary of Hint. However, the company plans to launch a new product next year combining features from both AeroDPC and HintOS. AeroDPC’s cofounder Dr. Brad Brown will also join the combined company as medical director.
“This acquisition will better enable Hint to fulfill our mission by providing practices who are getting started in direct primary care with a simple, affordable, all-in-one solution designed specifically for the DPC community,” Hint Health CEO Zak Holdsworth said in a statement. “It will also serve as a blueprint for how we can further enhance new and existing partner integrations within the Hint ecosystem, which is a strategic priority for Hint.”
THE LARGER TREND
Hint said this marks its second acquisition. Last year, the company acquired direct primary care network and benefits provider Equal Health. That deal contributed to the launch of Hint Connect, the startup’s nationwide network that aims to connect employers and primary care providers
In June, Hint announced it had raised $45 million, bringing its total raise to $60 million.
Another company in the direct primary care space is Everside Health, which recently raised $164 million in growth equity funding. Formerly known as Paladina Health, it announced plans to go public last year, but scrapped those plans this summer “due to market conditions.”
Nomi Health scooped up $110 million in Series A funding late last year. The company then purchased Artemis Health, maker of software that allows employers and health plans to analyze their benefits. Over the summer, Nomi announced it had acquired sister companies Everyone Health and Sano Surgery.