US HealthConnect, Inc.
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US HealthConnect, Inc. - overview
Established
1999
Location
Philadelphia, PA, US
Primary Industry
Healthcare IT
About
Based in the US, US HealthConnect, Inc. provides comprehensive healthcare education and strategic communications through accredited programs and digital platforms for healthcare professionals across various specialties. US HealthConnect, Inc. is a healthcare education provider formed in 1999 and headquartered in Philadelphia, US.
It has achieved a significant business pivot with its focus on digital learning platforms. The company, led by CEO Frank Russomano, has successfully executed one deal with Morgan Stanley Investment Management acquiring a majority stake in October 2020, which will support its growth initiatives. US HealthConnect, Inc. operates multiple subsidiaries that specialize in providing comprehensive healthcare education and strategic communications.
The company’s core offerings include a wide range of accredited continuing medical education (CME) programs aimed at healthcare professionals across various specialties such as oncology, cardiovascular health, and women's health. Their flagship products, including ReachMD and Medtelligence, deliver educational content through formats like on-demand videos and live meetings, catering to a diverse client base including pharmaceutical companies and medical institutions worldwide. US HealthConnect generates revenue through partnerships with pharmaceutical and biotech companies, focusing on B2B transactions. Their revenue model primarily revolves around developing and delivering educational programs funded by healthcare organizations.
Clients can enter subscription agreements for educational resources or commission custom educational initiatives, ensuring steady income through direct service contracts and licensing agreements. Following the acquisition in October 2020, US HealthConnect plans to enhance its product offerings and expand into new markets. The company aims to launch new educational platforms by the end of 2023, targeting expansion in regions across Europe and Asia. The recent investment from Morgan Stanley will facilitate these initiatives by providing the necessary capital for product development and market entry.
Current Investors
Morgan Stanley Investment Management
Primary Industry
Healthcare IT
Sub Industries
Education & Training Services, Education & Training Website, Healthcare IT, Education & Training Software
Website
www.ushealthconnect.com
Verticals
EdTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
US HealthConnect, 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | US HealthConnect, Inc. | - |
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