M&A Deal Summary

DarioHealth Acquires Twill

On February 21, 2024, DarioHealth acquired healthcare services company Twill from TT Capital Partners

Acquisition Highlights
  • This is DarioHealth’s 1st transaction in the Healthcare Services sector.
  • This is DarioHealth’s 2nd transaction in the United States.
  • This is DarioHealth’s 2nd transaction in New York.

M&A Deal Summary

Date 2024-02-21
Target Twill
Sector Healthcare Services
Buyer(s) DarioHealth
Sellers(s) TT Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Lowenstein Sandler (Legal)

Target

Twill

New York, New York, United States
Twill offers evidence-based emotional health behavioral change technology solutions for employers, health plans, and enterprise organizations. Twill was formed in 2012 and is based in New York City.

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Buyer(S) 1

Buyer

DarioHealth

Caesarea, Israel

Category Company
Sector Information Technology
Employees196
Revenue 27M USD (2024)
DESCRIPTION

DarioHealth is a therapeutics company that provides adaptive, personalized experiences that drive behavior change through evidence-based interventions, intuitive, clinically proven digital tools, high-quality software, and coaching to help individuals improve health and sustain meaningful outcomes. DarioHealth was founded in 2011 and is based in Caesarea, Israel.


DEAL STATS #
Overall 4 of 4
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: New York M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 Physimax

Raanana, Israel

Physimax is a musculoskeletal assessment company. Physimax has developed a video-based solution that tracks and improves musculoskeletal wellness, therapy, and performance by objective, data-driven analysis of musculoskeletal conditions via a mobile device. Physimax is based in Raanana, Israel.

Buy -

Seller(S) 1

DESCRIPTION

TT Capital Partners is the investment arm of financial advisory firm TripleTree. TT Capital Partners invests in emerging healthcare technology and services companies with the potential to be market leaders across disruptive themes in healthcare. TT Capital Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 5 of 7
Sector: Healthcare Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 3 of 5
State: New York M&A 1 of 1
Country: United States M&A 5 of 7
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 Cantata Health Solutions

Lakeway, Texas, United States

Cantata Health Solutions delivers software for acute, post-acute, and behavioral health facilities that are purpose-built to improve the health of the facilities and their patients. Cantata Health’s Revenue Cycle Management (RCM), financial management and Electronic Health Records (EHR) software are configurable to meet the unique needs of each facility or system; provide staff and administrators with greater visibility to patient care across the continuum of care; ensure predictable financial outcomes; improve back-office operations; clinical efficiency; and revenue recovery. Cantata Health Solutions was founded in 1976 and is based in Lakeway, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Actium Health

Palo Alto, California, United States

Actium Health is a healthcare CRM platform that transforms healthcare providers into member-focused enterprises. Actium Health was founded in 2014 and is based in Palo Alto, California.

Sell -