Check out today’s featured companies who have recently completed an M&A deal, and be sure to check out the full list of past healthcare IT M&A.
Raintree Acquires Spike Technologies, Bringing Genuinely Agentic AI Voice to Revenue Cycle and Patient Engagement
Native to the EMR, the Acquisition Automates the Most Manual Work in Revenue Cycle Management: The First and Most Critical Step Toward Fully Autonomous RCM for Rehabilitation and Physical Therapy Organizations
Raintree, the leading electronic health record (EHR) and practice management platform for rehabilitation and physical therapy organizations, today announced it has acquired Spike Technologies, a developer of genuinely agentic AI voice technology for healthcare. The acquisition embeds AI voice directly into Raintree’s platform to take on the most tedious, manually intensive work in revenue cycle and patient engagement, including payer calls, claim follow-ups, eligibility and prior authorization, and patient outreach, and marks an important step toward fully autonomous revenue cycle management (RCM).
Revenue cycle work remains one of the most labor-intensive parts of healthcare. Physical therapy practices face an average claim denial rate of roughly 13%, and nearly three-quarters of those denials must be appealed. Front-desk teams spend ten minutes or more per patient on prior authorization alone, and most practices have had to add administrative staff simply to keep up. Industry analyses estimate that AI and automation in the revenue cycle represent up to $360 billion in potential annual savings. By putting genuinely agentic AI voice to work on this manual burden, Raintree and Spike aim to return that time to care.
Unlike scripted phone trees, rules engines, or chatbots layered on top of legacy workflows, the technology is genuinely agentic: AI voice agents that understand context, make decisions, and complete multi-step work, not a fixed menu of options. Because the capability is native to Raintree’s EMR rather than a bolted-on third-party layer, the agents act with full clinical, scheduling, and financial context. It is the foundational piece of a broader vision: fully integrated, agentic orchestration across the entire revenue cycle and patient engagement.
“Getting paid is the hardest, most manual part of running a therapy practice, and voice is where that burden is heaviest. We chose to take on the hardest piece first,” explained Nick Hedges, Raintree CEO…
Full release here, originally announced July 15th, 2026.
Doctronic Expands Into Pediatrics, Accelerating Its Vision for an AI-Native Primary Care Platform for the Entire Family
Acquisition of Summer Health Brings Leading Text-Based Pediatric Expertise to Doctronic, Extending AI-Powered Primary Care from Birth through Adulthood
Doctronic today announced its expansion into pediatric primary care, marking the next step in its mission to build a comprehensive AI-native primary care platform. To accelerate that vision, the company has acquired Summer Health, the leading platform for virtual, text-based pediatric care.
The expansion reflects a broader shift in healthcare: patients increasingly expect immediate, continuous access to trusted care, yet pediatric primary care remains difficult to access outside traditional office hours. For parents, questions about fevers, feeding, medications, sleep, or development rarely arise on a schedule. By extending its platform to children beginning at birth, Doctronic aims to make high-quality primary care more accessible during the moments families need it most.
Founded in 2022, Summer Health pioneered on-demand, text-based pediatric care, supporting more than 100,000 pediatric encounters for tens of thousands of families. Its conversational model and deep pediatric expertise closely complement Doctronic, which has supported more than 30 million health encounters in just two years through its proprietary AI doctor and nationwide network of licensed clinicians delivering personalized medical guidance and video visits for $39.
“Families don’t experience healthcare in silos,” said Dr. Adam Oskowitz, Co-Founder and Co-CEO at Doctronic…
Full release here, originally announced July 29th, 2026.
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