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Announced

Completed

Luma Health completed the acquisition of Tonic Health from R1.

Synopsis

Luma Health, a healthcare technology company, completed the acquisition of Tonic Health, a healthcare technology company, from R1, a revenue cycle management partner for hospitals and healthcare systems regardless of the payment models. Financial terms were not disclosed. "Major health systems rely on both Luma and Tonic to cut out manual coordination between staff and patients and get patients ready for care. We've long admired Tonic's focus on EHR and partner integration, designing products that work for patients and healthcare providers, and making patient intake and follow-up simpler, and we're thrilled to welcome them to Luma. Together, we dramatically reduce the effort to successfully coordinate care, freeing short-staffed teams from manual tracking and follow-up so our customers' resources go farther," Aditya Bansod, Luma Co-Founder and CTO.

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