Pine Tree Equity IV, LP ("Pine Tree Equity"), a private equity firm based in Miami, FL, is pleased to announce that it has recapitalized Summit Health Pharmacy, LLC ("Summit" or the "Company") in December 2021. The Company, founded in 1995 and headquartered in Brookhaven, PA, is a leading provider of pharmacy compounding services, with a focus on rare pediatric metabolic medications.

Revenue cycle management company R1 RCM on Monday announced it plans to acquire Cloudmed in an all-stock transaction that values the software company at roughly $4.1 billion. The deal was announced in a press release as the industry meets virtually for the J.P. Morgan Healthcare Conference.

Digital health had another standout year in 2021, with startups raising an eye-popping $29.1 billion across 729 deals, according to Rock Health, a venture fund dedicated to digital health. Overall, investment in the market nearly doubled 2020’s $14.9 billion former record haul, the company noted in its year-end funding report.

After launching from stealth last March, Transcarent has landed $200 million in series C funding to power its premium-free approach to employer-sponsored healthcare. The infusion of capital bumps the company’s valuation to $1.62 billion, boosting Transcarent to the ranks of digital health unicorns, the startup confirmed to Fierce Healthcare.