Fierce Health Technology January 5, 2022
Advanced primary care provider Vera Whole Health has agreed to combine with healthcare data company Castlight Health in a $370 million all-cash deal.
The transaction entails integrating Castlight Health’s technology, a digital platform offered to employers and health plans with tools to help patients navigate the healthcare system, into Vera’s network of primary care clinics and providers.
Vera will pay Castlight $2.05 in cash per share of the company.
Castlight’s stock soared 25% on Wednesday following the news.
“Equipping our advanced primary care teams and our patients with Castlight’s industry-leading digital navigation and engagement capabilities enhances our ability to reduce total cost of care while improving the social, mental and physical health of our patients,” said Ryan Schmid, founder and...