2015 was a record year for industry consolidation, with M&A activity nearly doubling in volume -- there were 180 deals and $6 billion in disclosed activity.
Under the deal, Rock Health will fund and support digital startups, while Boston Children's will act as clinical advisor to the promising companies.
Respondents were most likely to search for physician (44%) and hospital (33%) reviews, followed by nursing homes (10%) and professional caregivers (7%).
At $15.8 million, the average deal size is the largest yet, although deal count is down 9% compared to last year (when looking at US deals over $2M).
With these deals, CVS is looking to collaborate with the most advanced and capable organizations to develop future-looking healthcare solutions.
There were 139 deals and the average deal size was over $15 million, exceeding 2014's $14.6 million, though Rock only looks at US deals over $2 million.
Rock Health has recently asked health tech investors whether they think digital health companies are overvalued right now: 62% believe that to be the case.
The three startups -- including 1DocWay, Arsenal Health and Caeden --join Rock's existing portfolio companies located on the East Coast.
Although impressive, the figure is lower than the first quarter of 2014, which was a record-breaking year for the industry; M&A activity is at all-time high.
The company makes the SmartStop device which is worn on the arm or body, and used as a drug (nicotine) delivery tool that works with a companion mobile app.