Transactions
Transactions

Axial Exchange Acquired by IngagePatient

Industry: Cloud & Communications
Service: Sellside M&A

Bowen Advisors Serves as M&A Advisor to Axial Exchange

BOSTON, July 14, 2015 – Bowen Advisors is pleased to announce that Axial Exchange, an industry leading patient engagement (PE) and chronic care management (CCM) company, has been acquired by IngagePatient, a leading patient engagement platform that connects providers and patients at all points of care, improving health outcomes, satisfaction and practice efficiency.

Axial Exchange, headquartered in Raleigh, North Carolina, is focused on patient/provider communication, patient engagement, and effective care transition via their Axial Patient™ and Axial Provider™ software, which help health systems move toward new models of CCM.

Robert Fleming, Managing Director and head of Bowen Advisors’ Digital Health practice commented, “Changes in CMS reimbursement for 2015 created the first opportunity for patient engagement and case management technologies to address and be compensated for CCM – a policy shift that IngagePatient is now poised to capitalize on.”