myNEXUS Inc.
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myNEXUS Inc. - overview
Established
2014
Location
Brentwood, TN, US
Primary Industry
Software
About
myNEXUS Inc. provides innovative healthcare technology solutions that enhance patient care through digital health platforms, facilitating remote monitoring and telehealth services. Founded in 2014 in Brentwood, US, myNEXUS Inc. specializes in healthcare technology solutions.
The company was recently acquired by Anthem, Inc. in March 2021 for USD 800. 00 mn, concluding a deal that resulted in WindRose Health Investors divesting its stake. The company was established under the vision of founder McArthur VanOsdale, who has a history of entrepreneurship in healthcare technology.
myNEXUS Inc. specializes in comprehensive healthcare technology solutions aimed at enhancing patient care and streamlining healthcare delivery processes. Their core offerings include a digital health platform that facilitates remote patient monitoring, telehealth consultations, and electronic health record (EHR) management, targeting critical challenges in the healthcare sector. The platform serves a diverse range of healthcare professionals, including hospitals and individual practitioners, primarily in North America and Europe, driving better health outcomes through integrated healthcare delivery solutions.
The revenue model of myNEXUS Inc. is primarily subscription-based for its digital health platform, catering to healthcare providers of various sizes. Clients access different service tiers that include patient management tools, data analytics, and billing systems. Collaborations with healthcare organizations also contribute to revenue through initiatives aimed at improving care delivery, ensuring scalability and adaptability in diverse healthcare environments, which fosters long-term client relationships and a steady income flow as digital solutions gain traction.
Following its acquisition by Anthem, Inc. , myNEXUS Inc. is strategically positioned for future growth through the enhancement of its digital health platform and expansion into new markets. The company aims to launch new products tailored to evolving healthcare needs, leveraging the USD 800.
00 mn investment from the recent Trade Sale. Additionally, myNEXUS plans to target expansion into international markets, with specific strategies focused on regions in Europe by the end of 2022.
Primary Industry
Software
Sub Industries
Home Healthcare, Nursing Homes & Assisted Living, Medical Software, Analytics & Performance Software
Website
www.mynexuscare.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
myNEXUS Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | myNEXUS Inc. | - | ||||||||
| Buyout | Completed | myNEXUS Inc. | - |
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myNEXUS Inc. - employee data
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