Morning Headlines 10/6/23

Alpha II, LLC Announces Strategic Acquisition of RCxRules

RCM technology vendor Alpha II acquires RCxRules, which provides revenue cycle automation.

US mental health startup Headway raises $125 million at $1 billion valuation

Headway, which connects patients to in-network therapists, raises $125 million a Series C round that values the company at $1 billion.

Nonprofit service provider Blackbaud settles data breach case for $49.5M with states

Blackbaud will pay $49.5 million to settle claims brought by 50 attorneys general pertaining to a 2020 ransomware attack affecting 13,000 nonprofits including hospitals, universities, and religious organizations.

Netsmart Advances Substance Use Disorder Solution Offerings Through Acquisition of Netalytics

Behavioral health IT vendor Netsmart will acquire Netalytics, an addiction treatment and practice management company based in South Carolina.