Like MDdatacor, Inc.

closed 4/16/2014 via PR Web

Symphony Performance Health, acquired MDdatacor, Inc.

synopsis: Symphony Technology Group (STG) announced that it has acquired MDdatacor from Noridian Mutual Insurance Company (NMIC). MDdatacor is a provider of next-generation healthcare data integration and analytic solutions. The acquired company will be brought together with other assets from STG to form Symphony Performance Health (SPH).
buyer parent: Symphony Technology Group
buyer: Symphony Performance Health
Symphony Performance Health provides powerful data, applications, analytics, and consulting to providers and payer organizations to enable them to rapidly gain insights into their patient populations, physician and clinician practice patterns. "
target parent: Noridian Mutual Insurance Company
target: MDdatacor, Inc.
MDdatacor enhances healthcare quality through the development of innovative technology solutions to support quality improvement, pay-for-performance and patient-centered care initiatives by payors and physicians.
price ($mm)
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closed 1/5/2015 via BusinessWire

LexisNexis Risk Solutions, acquired Health Market Science, Inc.

synopsis: LexisNexis® Risk Solutions, a division of Reed Elsevier, announced it has acquired Health Market Science (HMS), a leading supplier of high-quality data on health care professionals and an administrator of one of the largest practitioner-level medical claims databases in the U.S.
buyer parent: Reed Elsevier
buyer: LexisNexis Risk Solutions
LexisNexis Risk Solutions is a leader in providing essential information that helps customers across industries and government predict, assess and manage risk. They are a leading supplier of data and data management solutions for the health care industry. "
target parent: Edison Partners
target: Health Market Science, Inc.
Health Market Science (HMS), helps businesses and government entities solve complex business challenges centered on healthcare provider information. HMS develops agile solutions so their clients can improve compliance, reduce operational costs and maximize market opportunities in real time.
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closed 11/29/2011 via BNC Analysis

Noridian Mutual Insurance Company, acquired MDdatacor, Inc.

synopsis: Noridian Mutual Insurance Company (NMIC), d.b.a. as Blue Cross Blue Shield of North Dakota (BCBSND), has acquired MDdatacor, Inc., a Georgia-based technology firm that provides insurance companies and health care providers with revolutionary data-driven solutions.
buyer: Noridian Mutual Insurance Company
With more than 60 years of experience in the health insurance industry, Fargo, N.D.-based Noridian Mutual Insurance Company provides quality health care coverage and supplemental products, including medical, life, disability, long-term care and related insurance coverage. "
target parent: LabCorp
target: MDdatacor, Inc.
MDdatacor enhances healthcare quality through the development of innovative technology solutions to support quality improvement, pay-for-performance and patient-centered care initiatives by payors and physicians.
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announced 12/22/2021 via BusinessWire

Huron Consulting Group Inc., will acquire Perception Health

synopsis: Global professional services firm Huron will acquire Perception Health Inc., a healthcare predictive analytics company focused on bringing data sources together to illuminate opportunities for improved clinical and business decision-making.
buyer: Huron Consulting Group Inc. (HURN:$855.69)
Huron is a global consultancy that collaborates with clients to drive strategic growth, ignite innovation, and navigate constant change. Through a combination of strategy, expertise, and creativity, Huron helps clients accelerate operational, digital, and cultural transformation. "
target: Perception Health
Perception Health is a healthcare predictive analytics company. Its robust intelligence platform of solutions enables providers, payors and research institutions to analyze network integrity, identify early disease risk factors and optimize patient care.
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closed 6/10/2021 via PR Newswire

TCS Healthcare Technologies, acquired DataSmart Solutions, LLC

synopsis: TCS Healthcare Technologies, a provider of population health software, has acquired DataSmart Solutions, a predictive risk analytics software company. DataSmart helps employers, hospitals, providers, and carriers to lower healthcare costs. Their online solutions enable professionals to predict healthcare costs and control losses in insurance plans.
buyer parent: HCAP Partners
buyer: TCS Healthcare Technologies
TCS Healthcare Technologies (TCS) is the leading provider of population health software designed to support health plans, TPAs, ACOs and other risk-bearing organizations. TCS offers SaaS solutions that help improve population health management performance and effectiveness. "
target: DataSmart Solutions, LLC
DataSmart Solutions is a predictive risk analytics software company. DataSmart helps employers, hospitals, providers, carriers, and re-insurers to lower healthcare costs. Their online solutions enable professionals to predict healthcare costs and control losses in insurance plans.
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closed 11/11/2020 via PR Newswire

RxVantage, acquired onPoint Oncology, Inc.

synopsis: RxVantage, the leading digital platform connecting healthcare providers to educational resources and experts from life science companies, announced the acquisition of onPoint Oncology, the leader in oncology reimbursement data and analytics.
buyer: RxVantage
The RxVantage platform intelligently connects healthcare providers with the precise life sciences experts that they need, when they need it and in a manner that fits seamlessly into their workflow. "
target: onPoint Oncology, Inc.
onPoint Oncology relies on groundbreaking technology and its extensive experience to understand and actively manage the complex challenges in oncology care. Its industry-leading products address the needs of providers, patients, and life sciences companies:
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closed 12/8/2021 via PR Newswire

Cardinality.ai, acquired ClearCycle Corporation

synopsis: Cardinality.ai, a data technology group helping government agencies achieve better outcomes through AI solutions, has acquired ClearCycle, a claims and disbursement management technology provider. ClearCycle provides SaaS-based corporate finance and disbursement system for clients in the healthcare, insurance, retail, and manufacturing industries.
buyer: Cardinality.ai
Cardinality.ai is a data technology group helping government agencies achieve better outcomes through artificial intelligence (AI) solutions. Cardinality.ai offers a suite of cloud-based solutions is built specifically for workforce, health, and human services. "
target: ClearCycle Corporation
ClearCycle is a claims and disbursement management technology provider. ClearCycle provides SaaS solutions for clients in the healthcare, insurance, retail, manufacturing, and logistic industries. Their corporate finance and disbursement system optimizes cash flow and reduces payment costs.
price ($mm)
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closed 10/24/2018 via Company Press Release

Cedar Gate Technologies, acquired Global Healthcare Alliance

synopsis: Cedar Gate Technologies announced it has acquired Global Healthcare Alliance. Global Healthcare Alliance is a leader in value based healthcare reimbursement programs, providing strategic and sustainable reimbursement programs for health systems, hospitals, providers, employers, and payers.
buyer parent: GTCR, LLC
buyer: Cedar Gate Technologies
Cedar Gate Technologies (CGT) is a value-based care performance management analytic company. CGT provides advisory, administrative, and technology solutions to providers, payers and self-insured employers at risk for the healthcare dollar and transitioning from fee for-service to value-based care. "
target: Global Healthcare Alliance
Global Healthcare Alliance is a leader in value based healthcare reimbursement programs, providing strategic and sustainable reimbursement programs for health systems, hospitals, providers, employers, and payers.
price ($mm)
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closed 12/28/2016 via Company Press Release

Kaufman Hall, acquired Kreg Information Systems

synopsis: Kaufman Hall, a leading provider of management consulting services and enterprise performance management software, announced the acquisition of KREG Information Systems (KREG), a leading provider of contract modeling, budgeting, and decision support software for healthcare providers.
buyer: Kaufman Hall
Kaufman Hall provides management consulting and software to help organizations realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor, helping incorporate proven methods into strategic planning and financial management processes. "
target: Kreg Information Systems
KREG Information Systems (KREG), a leading provider of contract modeling, budgeting, and decision support software for healthcare providers.
price ($mm)
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announced 6/15/2016 via BNC Analysis

Bain Capital Private Equity, will acquire Navicure

synopsis: Bain Capital Private Equity is acquiring a majority stake in Navicure, which provides cloud-based claims management and patient payment software for physician practices and hospitals. Navicure, based in Duluth, Georgia, offers revenue-cycle management software, and has more than 90,000 health care provider customers in the U.S.
buyer parent: Bain Capital
buyer: Bain Capital Private Equity
Bain Capital Private Equity pioneered the value added investment approach. They partner with their management teams to provide the strategic and analytic resources needed to build and grow great companies. "
target parent: JMI Equity
target: Navicure
Navicure’s cloud-based healthcare claims management and patient payment solutions help healthcare organizations of all sizes increase revenue, accelerate cash flow, and reduce costs associated with managing insurance claims and patient payments.
price ($mm)
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closed 1/12/2015 via BusinessWire

Adreima, acquired HealthCPA

synopsis: Adreima announced the acquisition of HealthCPA, a leader in patient advocacy and consumer engagement services. Using its proprietary cloud-based technology, HealthCPA helps patients navigate and understand their health insurance bills and medical costs, improving both patient satisfaction and cash collections for providers.
buyer parent: Waud Capital Partners, LLC
buyer: Adreima
Adreima provides patient-centered, clinically-integrated revenue cycle management services to approximately 600 hospitals nationwide. This unique approach, combined with a comprehensive revenue cycle perspective, ensures clients achieve results by recognizing the full value of services provided. "
target: HealthCPA
HealthCPA is a leader in patient advocacy and consumer engagement services. Using its proprietary cloud-based technology, HealthCPA helps patients navigate and understand their health insurance bills and medical costs, improving both patient satisfaction and cash collections for providers.
price ($mm)
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closed 6/4/2009 via PR Newswire

MD On-Line, Inc., acquired Medical Claim Corp.

synopsis: MD On-Line Inc., a leading Healthcare Service Company with a core focus of converting paper submitting providers to electronic submission, announced that it has purchased Medical Claim Corp. of Bristol, CT. Both are EHNAC-accredited companies that process healthcare transactions electronically and focus on accelerating provider revenue cycles.
buyer: MD On-Line, Inc.
MD On-Line, Inc. is a healthcare technology company focused on "Transacting the Business of Healthcare". The company provides solutions enabling connectivity between Healthcare Payers and Providers to facilitate transactions and reduce related costs. "
target: Medical Claim Corp.
Medical Claim Corp. provides comprehensive claim editing and transmission programs for all types of medical providers. While many other clearinghouses chose to focus mainly on insurance companies, medical providers have always been and will always be MCC’s primary focus.
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closed 12/15/2021 via BusinessWire

XIFIN, Inc., acquired OmniSYS, LLC

synopsis: XIFIN has acquired OmniSYS, a leading provider of technology solutions for the retail pharmacy industry. The acquisition further expands on XIFIN’s role as a top provider of solutions and services that streamline and optimize the billing and claims process, provide healthcare leaders with greater business visibility, and support patient engagement.
buyer parent: Avista Capital Partners
buyer: XIFIN, Inc.
XIFIN is a healthcare information technology company that leverages diagnostic information to improve the quality and economics of healthcare. The company's cloud-based technology facilitates connectivity and workflow automation for accessing and sharing clinical and financial diagnostic data. "
target parent: NexPhase Capital
target: OmniSYS, LLC
OmniSYS is a leading provider of medical claims management, compliance, patient engagement, and pricing information technology software for retail pharmacies, hospital pharmacies, and pharmaceutical companies.
price ($mm)
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announced 7/27/2021 via BusinessWire

Omnicell, Inc., will acquire FDS Amplicare

synopsis: Omnicell, Inc., a leading provider of medication management solutions and adherence tools for health systems and pharmacies, announced it has entered into a definitive agreement with pharmacy software solutions provider FDS Amplicare to acquire its business.
buyer: Omnicell, Inc. (OMCL:$914.37)
Omnicell provides medication management solutions and adherence tools for health systems and pharmacies. Omnicell more efficient ways to manage medication through the Autonomous Pharmacy, a combination of automation, intelligence, and technology-enabled services, powered by a cloud data platform. "
target parent: Calvert Street Capital Partners, Inc.
target: FDS Amplicare
FDS empowers community pharmacies to build the clinically focused New Era Pharmacy, enabling their business to thrive and successfully transition to a provider of community and population health through data insights, purpose-built technology solutions, and clinical services enablement.
price ($mm)
$177
rev ($mm)
$29
EBITDA ($mm)
EV / rev
6.1x
EV / EBITDA
closed 3/2/2016 via BNC Analysis

Ensure Billing merged with ABPathfinder,

synopsis: Overland Park's ABPathfinder Inc. has acquired Ensure Billing of Phoenix to create Pathfinder Health Innovations Inc. Ensure Billing offers a platform to file insurance claims, help with scheduling, payroll, electronic files, client management and employee management for behavioral health practices.
buyer: ABPathfinder
ABPathfinder is a scalable, cloud-based software solution that helps therapists and educators develop assessments, daily therapy plans and progress tracking for children with behavioral health disorders, specifically autism spectrum disorders. "
target: Ensure Billing
Ensure Billing offers comprehensive practice management software for behavioral health providers, including autism providers, and all medical practices who bill insurance.
price ($mm)
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closed 7/30/2014 via BusinessWire

GTCR, LLC, acquired XIFIN, Inc.

synopsis: GTCR, a leading private equity firm, announced that it has acquired XIFIN, Inc. XIFIN, headquartered in San Diego, California, is a leading provider of cloud-based software and services to diagnostic service providers.
buyer: GTCR, LLC
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. "
target: XIFIN, Inc.
XIFIN, Inc. is an innovative software and services company dedicated to optimizing the economics of healthcare. XIFIN provide the necessary metrics and knowledge to enable healthcare providers to drive out costs while maximizing value from their financial operations.
price ($mm)
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closed 12/15/2021 via BNC Analysis

Vyne Dental, acquired Onederful Inc.

synopsis: Dental software company Vyne Dental announced its acquisition of Onederful, a dental planning software that connects dental payers companies for elgibility, benefits, claims, and electronic remittance advice. Onederful allows dental practices to verify patient coverage with ease.
buyer parent: The Jordan Company
buyer: Vyne Dental
Vyne Dental is a leading provider of dental practice software. Vyne Dental helps clients manage their revenue cycle, send encrypted communications, and position their practices to thrive. They provide easy-to-use software for claims management and billing. "
target: Onederful Inc.
Onederful is a dental planning software that connects dental payers companies for elgibility, benefits, claims, and electronic remittance advice. Onederful is said to allow dental practices to verify patient coverage with ease.
price ($mm)
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announced 1/26/2021 via PR Newswire

SkyKnight Capital, symplr, will acquire Phynd Technologies, Inc.

synopsis: symplr, a leading global healthcare GRC SaaS platform, backed by Clearlake Capital Group, L.P. and SkyKnight Capital, is to acquire Phynd Technologies, which is on a mission to simplify provider data management for healthcare systems. Phynd 360 is an innovative provider data management platform that serves as the central hub for providers.
buyer: symplr
buyer: SkyKnight Capital
symplr is an industry leader in governance, risk and compliance SaaS solutions that help healthcare organizations mitigate risk and ensure compliance. symplr has a single mission: to make healthcare compliance and credentialing simpler for all constituents of the healthcare community. "
target: Phynd Technologies, Inc.
Since 2013, Phynd has been on a mission to simplify provider data management for healthcare systems. Phynd 360 is an innovative provider data management platform that serves as the central hub for providers.
price ($mm)
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closed 2/20/2020 via PR Newswire

Vyne, acquired Renaissance Electronic Services

synopsis: Vyne, a leader in health information exchange, has acquired Renaissance Electronic Services, LLC, an Indianapolis-based technology company providing EDI products and services to dental practices across the United States. Renaissance Electronic Services, LLC is a tech company that builds software designed to simplify dental office management.
buyer parent: The Jordan Company
buyer: Vyne
Vyne is an industry leader in health information exchange and electronic healthcare communication management. Their robust technology platform facilitates the electronic capture, storage and submission of healthcare data in any form – voice, document, image, data, fax or electronic interface. "
target: Renaissance Electronic Services
Renaissance Electronic Services, LLC is a tech company that builds software designed to simplify dental office management. They transform the way practices do business by giving them time away from administrative tasks to focus on their patients.
price ($mm)
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closed 4/13/2016 via GlobeNewswire

ExamWorks, Inc., acquired Prizm LLC

synopsis: ExamWorks Group, Inc. announced that the Company completed the acquisition of substantially all of the assets of Marlton, New Jersey-based Prizm LLC ("Prizm"), a provider of independent medical examinations (IME), peer reviews, bill reviews and related IME services primarily to the automotive market.
buyer: ExamWorks, Inc. (EXAM:$819.57)
ExamWorks, Inc. is a leading provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance service and IME-related services to the insurance and legal industries, third-party administrators, self-insured parties and federal and state agencies. "
target: Prizm LLC
New Jersey-based Prizm LLC is a provider of independent medical examinations (IME), peer reviews, bill reviews and related IME services primarily to the automotive market. Prizm is a foremost provider of leading-edge technology and customer service to the medical management industry.
price ($mm)
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closed 4/16/2014 via PR Web

Symphony Performance Health, acquired MDdatacor, Inc.

synopsis: Symphony Technology Group (STG) announced that it has acquired MDdatacor from Noridian Mutual Insurance Company (NMIC). MDdatacor is a provider of next-generation healthcare data integration and analytic solutions. The acquired company will be brought together with other assets from STG to form Symphony Performance Health (SPH).
buyer parent: Symphony Technology Group
buyer: Symphony Performance Health
Symphony Performance Health provides powerful data, applications, analytics, and consulting to providers and payer organizations to enable them to rapidly gain insights into their patient populations, physician and clinician practice patterns. "
target parent: Noridian Mutual Insurance Company
target: MDdatacor, Inc.
MDdatacor enhances healthcare quality through the development of innovative technology solutions to support quality improvement, pay-for-performance and patient-centered care initiatives by payors and physicians.
price ($mm)
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closed 11/29/2011 via BNC Analysis

Noridian Mutual Insurance Company, acquired MDdatacor, Inc.

synopsis: Noridian Mutual Insurance Company (NMIC), d.b.a. as Blue Cross Blue Shield of North Dakota (BCBSND), has acquired MDdatacor, Inc., a Georgia-based technology firm that provides insurance companies and health care providers with revolutionary data-driven solutions.
buyer: Noridian Mutual Insurance Company
With more than 60 years of experience in the health insurance industry, Fargo, N.D.-based Noridian Mutual Insurance Company provides quality health care coverage and supplemental products, including medical, life, disability, long-term care and related insurance coverage. "
target parent: LabCorp
target: MDdatacor, Inc.
MDdatacor enhances healthcare quality through the development of innovative technology solutions to support quality improvement, pay-for-performance and patient-centered care initiatives by payors and physicians.
price ($mm)
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closed 5/27/2021 via BusinessWire

Press Ganey Associates, Inc., acquired Symphony Performance Health, Inc.

synopsis: Press Ganey, the national leader in health care consumer and workforce engagement, acquired SPH Analytics (SPH), the national leader in member experience measurement and engagement for the health insurance industry.
buyer: Press Ganey Associates, Inc. (PGND:$344.32)
Press Ganey offers an integrated suite of solutions that enables enterprise transformation across the patient journey. Delivered through a cutting-edge digital platform, Press Ganey solutions address safety, clinical excellence, patient experience, and workforce engagement. "
target parent: Symphony Technology Group
target: Symphony Performance Health, Inc.
SPH Analytics offers the leading healthcare measurement and analytics platform for consumer experience. Leveraging a foundation of 35 years of healthcare consumer experience data and behavioral patterns, SPH deploys an analytical and predictive approach to measure and report the consumer experience.
price ($mm)
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announced 12/23/2020 via BusinessWire

SPH Analytics Population Health Division will be merged with Azara Healthcare, LLC,

synopsis: Azara Healthcare, a leading provider of population health solutions to the community health market, and SPH Analytics, a leader in healthcare consumer experience measurement, engagement and population-based analytics, announced a merger between Azara Healthcare and SPH Analytics’ population health division.
buyer: Azara Healthcare, LLC
Azara Healthcare is the leading provider of data-driven analytics, quality measurement and reporting for the Community Health market. Azara solutions empower more than 1,000 Community Health Centers, and physician practices, in 36 states to improve the quality of care for 25 million Americans. "
target parent: Symphony Technology Group
target: SPH Analytics Population Health Division
SPH Analytics’ patient registry and population health solution is a provider-focused application linked to a robust patient and chronic disease registry. The registry aggregates data from the EHR, claims, appointment scheduling, and other healthcare sources to facilitate population segmentation.
price ($mm)
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announced 7/15/2019 via Company Press Release

SPH Analytics, will acquire SA Ignite, Inc.

synopsis: SPH Analytics, a top-ranked Population Health Management vendor, announced that the SPH Analytics’ population health line of business will merge with SA Ignite. SA Ignite helps healthcare providers achieve top performance scores and financial incentives in MIPS with their IgniteMIPS software and deep domain, technical and data expertise.
buyer parent: Symphony Technology Group
buyer: SPH Analytics
SPH Analytics, a leader in healthcare analytics and population health management, empowers clients to analyze and interpret their clinical, financial, and consumer experience data to maximize their performance. SPH’s solutions include Population Care, Population Value, and Population Engage. "
target: SA Ignite, Inc.
SA Ignite helps healthcare providers achieve top performance scores and financial incentives in MIPS with their IgniteMIPS software and deep domain, technical and data expertise.
price ($mm)
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closed 7/1/2019 via Company Press Release

SPH Analytics, acquired DSS Research

synopsis: SPH Analytics has acquired DSS Research, creating the nation’s premier member experience measurement and analytics firm. DSS Research is a survey research firm that works with health plans, hospitals, accountable care organizations, and more to uncover insights about their business through survey research and advanced analytics.
buyer parent: Symphony Technology Group
buyer: SPH Analytics
SPH Analytics, a leader in healthcare analytics and population health management, empowers clients to analyze and interpret their clinical, financial, and consumer experience data to maximize their performance. SPH’s solutions include Population Care, Population Value, and Population Engage. "
target: DSS Research
DSS Research is a survey research firm that works with more than 1,000 health plans, hospitals, accountable care organizations, home health agencies, dialysis centers, and Hospices to uncover insights about their business through survey research and advanced analytics.
price ($mm)
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closed 4/16/2014 via PR Web

Symphony Performance Health, acquired MDdatacor, Inc.

synopsis: Symphony Technology Group (STG) announced that it has acquired MDdatacor from Noridian Mutual Insurance Company (NMIC). MDdatacor is a provider of next-generation healthcare data integration and analytic solutions. The acquired company will be brought together with other assets from STG to form Symphony Performance Health (SPH).
buyer parent: Symphony Technology Group
buyer: Symphony Performance Health
Symphony Performance Health provides powerful data, applications, analytics, and consulting to providers and payer organizations to enable them to rapidly gain insights into their patient populations, physician and clinician practice patterns. "
target parent: Noridian Mutual Insurance Company
target: MDdatacor, Inc.
MDdatacor enhances healthcare quality through the development of innovative technology solutions to support quality improvement, pay-for-performance and patient-centered care initiatives by payors and physicians.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 5/27/2021 via BusinessWire

Press Ganey Associates, Inc., acquired Symphony Performance Health, Inc.

synopsis: Press Ganey, the national leader in health care consumer and workforce engagement, acquired SPH Analytics (SPH), the national leader in member experience measurement and engagement for the health insurance industry.
buyer: Press Ganey Associates, Inc. (PGND:$344.32)
Press Ganey offers an integrated suite of solutions that enables enterprise transformation across the patient journey. Delivered through a cutting-edge digital platform, Press Ganey solutions address safety, clinical excellence, patient experience, and workforce engagement. "
target parent: Symphony Technology Group
target: Symphony Performance Health, Inc.
SPH Analytics offers the leading healthcare measurement and analytics platform for consumer experience. Leveraging a foundation of 35 years of healthcare consumer experience data and behavioral patterns, SPH deploys an analytical and predictive approach to measure and report the consumer experience.
price ($mm)
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closed 4/10/2015 via BusinessWire

PatientBond, LLC, acquired c2b Horizons, LLC

synopsis: PatientBond, LLC, an innovative provider of patient and member engagement solutions, has acquired Cincinnati-based c2b Horizons, LLC, a leader in statistically based consumer profiling techniques for healthcare payers and providers.
buyer parent: Healthcare Growth Partners, LLC
buyer: PatientBond, LLC
Founded in 2011, PatientBond provides next generation patient and member engagement solutions. PatientBond’s highly configurable communications engine supports rapid deployment for a diverse set of engagement use cases. "
target parent: c2b Solutions
target: c2b Horizons, LLC
c2b’s proprietary psychographic profiling tools, validated over multiple studies, allow for classification of members and patients into behavior groups which provide a high level of predictability of individual motivations, communication preferences and actions.
price ($mm)
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closed 7/24/2013 via Reuters

Cross Marketing, acquired MedePanel

synopsis: Cross Marketing Group has announced the acquisition of MedePanel, a result-oriented research firm, headquartered in New Jersey. MedePanel supports healthcare business decisions by providing insights from patients, healthcare practitioners and other key healthcare stakeholders.
buyer: Cross Marketing (TSE:3675:$80.11)
Cross Marketing provides a full range of one-stop marketing research services based on their online research DNA, and continuing to evolve further into a marketing solution partner for their clients. "
target: MedePanel
MedePanel Online Inc is a result-oriented research firm, headquartered in New Jersey providing local account management support. MedePanel supports healthcare business decisions by providing insights from patients, healthcare practitioners and other key healthcare stakeholders.
price ($mm)
$3.96*
rev ($mm)
$4
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
closed 2/12/2018 via Company Press Release

Press Ganey Associates, Inc., purchased Patient Experience Business from HealthStream, Inc.

synopsis: HealthStream announced the divestiture of its Patient Experience (PX) business to Press Ganey Associates. HealthStream's complete patient experience solution provides census-based survey products that allow healthcare providers to let the voices of their patients guide performance improvement efforts.
buyer parent: EQT
buyer: Press Ganey Associates, Inc. (PGND:$344.32)
Press Ganey offers an integrated suite of solutions that enables enterprise transformation across the patient journey. Delivered through a cutting-edge digital platform, Press Ganey solutions address safety, clinical excellence, patient experience, and workforce engagement. "
seller: HealthStream, Inc. (HSTM:$258.61)
HealthStream Patient Experience provides census-based survey products that allow healthcare providers to let the voices of their patients guide performance improvement efforts. HealthStream’s SaaS solutions are used by healthcare employees for workforce development, training & learning management.
price ($mm)
$66
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/6/2015 via GlobeNewswire

Boathouse Capital, acquired Universal Survey Center

synopsis: Boathouse Capital's announces its investment in Universal Survey Center, a provider of survey data collection services. Universal Survey provides custom survey solutions to a variety of market research firms, public relations/communications companies, management consulting firms, big data companies, and a variety of other end-users.
buyer: Boathouse Capital
Boathouse Capital is a $120 million private equity firm that invests mezzanine debt and equity into lower middle market businesses across the U.S. Based in Wayne, PA, Boathouse Capital invests $3 million to $15 million to support companies in a variety of industries. "
target: Universal Survey Center
Universal Survey Center provides custom survey solutions to a variety of market research firms, public relations/communications companies, management consulting firms, big data companies, and a variety of other end-users.
price ($mm)
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closed 1/4/2006 via BusinessWire

General Electric Company, acquired IDX Systems Corporation

synopsis: GE Healthcare, a unit of General Electric Company, announced the completion of the acquisition of IDX Systems Corporation, a leading healthcare information technology (IT) provider.
buyer: General Electric Company
GE Healthcare expertise is in medical imaging and information technologies, medical diagnostics, patient monitoring and life support systems, disease research, drug discovery, and biopharmaceutical manufacturing technologies. "
target: IDX Systems Corporation
IDX Systems Corporation provides information technology solutions to maximize value in the delivery of healthcare, improve the quality of patient service, enhance medical outcomes, and reduce the costs of care.
price ($mm)
$1,148
rev ($mm)
$577
EBITDA ($mm)
$73
EV / rev
2.0x
EV / EBITDA
15.7x
closed 1/9/2019 via BNC Analysis

Boots UK Limited, acquired Wiggly-Amps Limited

synopsis: High street retailer Boots has acquired tech company Wiggly-Amps in a bid to boost its stake in the digital healthcare sector. Wiggly-Amps provides a number of online services including check-in screens at GP (general practitioner) surgeries, weight measurements, consultations and prescription services as well as creating and hosting GP websites.
buyer parent: Walgreens Boots Alliance, Inc.
buyer: Boots UK Limited
Boots UK, the UK’s leading pharmacy-led health and beauty retailer, is part of the Retail Pharmacy International Division of Walgreens Boots Alliance, Inc., the first global pharmacy-led, health and wellbeing enterprise. "
target: Wiggly-Amps Limited
Wiggly-Amps provides a number of online services including check-in screens at GP (general practitioner) surgeries, weight measurements, consultations and prescription services as well as creating and hosting GP websites.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/3/2022 via BusinessWire

Baker Tilly Investment Advisors, LLC, will acquire Orchestrate Healthcare

synopsis: Baker Tilly US, LLP, a leading advisory CPA firm, will acquire Orchestrate Healthcare, a healthcare IT professional services and consulting firm. Orchestrate helps healthcare leaders to solve their challenges and maximize their performance. They offer services for EHR implementation, healthcare analytics, information security, and IT staffing.
buyer: Baker Tilly Investment Advisors, LLC
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a leading advisory, tax, and assurance firm whose specialized professionals guide clients through an ever-changing business world, helping them achieve success and anticipate the future. "
target: Orchestrate Healthcare
Orchestrate Healthcare is a healthcare IT professional services and consulting firm. Orchestrate Healthcare helps healthcare leaders to solve their challenges and maximize their performance. They offer services for EHR implementation, healthcare analytics, information security, and IT staffing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/29/2020 via BusinessWire

Frazier Healthcare Partners, acquired Accuity Delivery Systems

synopsis: Frazier Healthcare Partners, a Seattle-based healthcare investment firm, acquired Accuity Delivery Systems, a leading provider of technology-enabled Revenue Integrity and Clinical Documentation Improvement (CDI) services for hospitals and health systems.
buyer: Frazier Healthcare Partners
Frazier Healthcare Partners is a leading middle market private equity firm focused exclusively on healthcare. With more than $4.8 billion total capital raised, Frazier has invested in more than 200 companies. "
target: Accuity Delivery Systems
Accuity is a leading provider of technology-enabled Revenue Integrity and Clinical Documentation Improvement (CDI) services for hospitals and health systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/23/2020 via BNC Analysis

Word Systems Inc., acquired Roach Reid Office Systems

synopsis: Word Systems Inc., an IT company that specializes in recording solutions, has acquired Roach Reid Office Systems (RROS), a company that specializes in mission critical voice and data applications. RROS markets and supports solutions for document management, transcription, voice recognition, interview recording, and computer assisted coding.
buyer: Word Systems Inc. (ENXTPA:WLN:$2,580.56)
Word Systems is an information technology company that specializes in the sale and service of critical recording solutions. Word Systems provides their customers with audio, video and data capture solutions that help them to maintain compliance, and improve processes, performance and accountability."
target: Roach Reid Office Systems
Roach Reid Office Systems (RROS) specializes in technical services that support mission critical voice and data applications. RROS markets and supports solutions for document management, dictation/transcription, voice recognition, interview recording, court recording, and computer assisted coding.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/31/2019 via Company Press Release

WELL Health Technologies Corp., will acquire KAI Innovations Inc.

synopsis: WELL Health Technologies Corp., a Vancouver-based company operating in healthcare, has agreed to acquire KAI Innovations. KAI, based in Ontario, has the third largest electronic medical record (EMR) user base in the province and is the largest provider of Open Source Clinical Application Resource EMR services to healthcare clinics in Canada.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
Canada-based WELL Health Technologies Corp. operates Primary Healthcare Facilities and an electronic medial record business that supports the digitization of clinics. WELL's objective is to empower doctors to provide the best advanced care possible leveraging the latest trends in digital health. "
target: KAI Innovations Inc.
Canada-based KAI Innovations has the third largest electronic medical record (EMR) user base in Ontario and is the largest provider of Open Source Clinical Application Resource (OSCAR) EMR services in Canada. KAI founded the OSCAR clinic at McMaster University Department of Family Medicine.
price ($mm)
$7.99
rev ($mm)
$3
EBITDA ($mm)
EV / rev
5.1x
EV / EBITDA
closed 10/1/2018 via GlobeNewswire

DAS Health, purchased Aprima EHR Book of Business from CriticalKey, LLC

synopsis: DAS Health, an industry leader in health IT and management, has acquired the Aprima® EHR book of business from CriticalKey, LLC, a consulting, software and management services company. Aprima offers a fully integrated, single application, single database EHR/practice management solution, as well as complete Revenue Cycle Management services.
buyer: DAS Health
DAS Health is a leading provider of Health IT and management solutions and a trusted consultant to independent physician groups, hospitals and healthcare systems across North America. Headquartered in Tampa, FL, DAS delivers superior health IT, medical billing and practice management solutions. "
seller: CriticalKey, LLC
The acquisition includes the Aprima® EHR book of business from CriticalKey, LLC, a consulting, software and management services company. Aprima offers a fully integrated, single application, single database EHR/practice management solution, as well as complete Revenue Cycle Management services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/18/2018 via BusinessWire

TeleQuality Communications merged with Education Networks of America,

synopsis: Education Networks of America, a company that offers a full suite of connectivity and collaboration services, has completed its merger with TeleQuality Communications Inc., a leading provider of quality telecommunications and network connectivity products and services to rural healthcare facilities.
buyer parent: Zelnick Media Capital
buyer: Education Networks of America
Education Networks of America offers a full suite of connectivity and collaboration services including broadband, Wi-Fi/LAN, communication, and cloud solutions to K–12, higher education institutions, and libraries nationwide. "
target: TeleQuality Communications
TeleQuality Communications Inc. (TQCI) is a leading provider of quality telecommunications and network connectivity products and services to rural healthcare facilities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/4/2017 via Company Press Release

Atos SE, acquired The Breakaway Group

synopsis: Atos, a global leader in digital transformation, announced that it has closed the acquisition of Conduent’s Breakaway Group, a healthcare IT consulting company. The Breakaway Group helps healthcare professionals learn and adopt new EHR technologies.
buyer: Atos SE (ENXTPA:ATO:$12,340.38)
Atos SE is a leader in digital transformation with circa 100,000 employees in 72 countries. Serving a global client base, the Group is the European leader in Big Data, Cybersecurity and provides Cloud services, Infrastructure & Data Management, Business & platform solutions. "
target parent: Conduent Business Services
target: The Breakaway Group
The Breakaway Group is changing how healthcare professionals learn and adopt new EHR technologies. By helping end users adopt new software applications quickly and easily, providers have more time for patient care and healthcare executives see improved financial outcomes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/17/2017 via BusinessWire

eMids Technologies, acquired Encore Health Resources

synopsis: emids, a rapidly growing global provider of IT services and solutions for the healthcare and life sciences industries, announced the acquisition of Encore Health Resources, a leading healthcare information analytics company focused on value-based care and electronic health records for providers.
buyer: eMids Technologies
emids is a premier provider of healthcare IT services and solutions. emids enables healthcare entities to achieve accessible, affordable and high-quality care by providing custom application and data solutions. "
target parent: QuintilesIMS
target: Encore Health Resources
Encore Health Resources is a leading healthcare information analytics company focused on value-based care and electronic health records for providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/6/2017 via BNC Analysis

Tech Mahindra Limited, will acquire The HCI Group

synopsis: Tech Mahindra has signed an agreement to acquire US-based healthcare IT consulting company CJS Solutions Group LLC, which conducts business as The HCI Group. The HCI Group works with tier-I healthcare service providers, primarily in the US and the UK, focusing on providing end-to-end implementation of Electronic Health Record (EHR) software.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,527.41)
Tech Mahindra represents the connected world, offering Consulting, Digital Transformation, Integrated Engineering, Business Services and Solutions, enabling Enterprises, Associates and the Society to Rise™. They have 112,800+ professionals across 90 countries, helping over 825 global customers. "
target: The HCI Group
Headquartered in Jacksonville, Florida, The HCI Group works with tier-I healthcare service providers, primarily in the US and the UK, focusing on providing end-to-end implementation of Electronic Health Record (EHR) and Electronic Medical Record (EMR) software, training and support services.
price ($mm)
$90*
rev ($mm)
$114
EBITDA ($mm)
EV / rev
0.9x
EV / EBITDA
closed 2/2/2017 via PR Web

Career Step, acquired Panacea Healthcare Solutions, Inc.

synopsis: Career Step, an online provider of career-focused education and professional training, has acquired the Revenue Capture and Coding and Documentation Divisions of Panacea Healthcare Solutions. Panacea Healthcare Solutions provides expert coding, compliance, technology and financial advice to hundreds of healthcare providers each year.
buyer parent: Revelstoke Capital Partners LLC
buyer: Career Step
Career Step is an online provider of career-focused education and corporate training. Career Step provides training for the largest and most respected healthcare employers in the nation and is committed to helping students and practicing professionals gain the skills they need to be successful. "
target: Panacea Healthcare Solutions, Inc.
Panacea Healthcare Solutions provides expert coding, compliance, financial consulting and information technology to hundreds of healthcare providers and organizations each year to proactively maintain compliance and identify risk and new incremental net revenue opportunities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/30/2017 via BNC Analysis

Concept Plus, LLC, acquired Thao Inc.

synopsis: Concept Plus, LLC, a professional services firm specializing in the comprehensive design, implementation, and maintenance of IT initiatives for the Federal Government has acquired health IT management firm Thao, Inc. (THAOINC). THAOINC provides health IT services and program management support exclusively to federal healthcare customers.
buyer: Concept Plus, LLC
Concept Plus, LLC is a professional services firm specializing in the comprehensive design, implementation, and maintenance of IT initiatives for the Federal Government. Concept Plus provides solutions in the areas of Oracle, Cloud Computing and Mobile technologies. "
target: Thao Inc.
THAOINC offers federal-specific expertise in EHR interoperability, identity management, and care delivery in organizations like the Department of Defense (DoD) and the Department of Veterans Affairs (DVA).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/4/2016 via GlobeNewswire

Avaap, acquired Falcon Consulting Group

synopsis: Avaap announced it has acquired Falcon Consulting, LLC, a KLAS-leading Epic Systems implementation and optimization firm. Falcon offers consulting and evaluation related to Electronic Health Record systems, including revenue cycle optimization and clinical transformation, with offerings that netted a top-rated score in a 2016 KLAS research report.
buyer: Avaap
Avaap is one of the largest providers of IT services and technology solutions for organizations that rely on Infor and Epic enterprise software solutions for clinical, financial, supply chain and human resources management. "
target: Falcon Consulting Group
Falcon Consulting is a holistic healthcare provider consultancy that focuses on driving value in the Epic EHR space. It is dedicated to the improvement of clinical quality, financial sustainability, technology adoption and customer engagement.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/1/2016 via BusinessWire

Huron Consulting Group Inc., acquired HSM Consulting

synopsis: Huron Consulting Group Inc., a leading provider of business consulting services, completed its acquisition of Healthcare Services Management, Inc. (HSM), a firm specializing in healthcare information technology and management consulting.
buyer: Huron Consulting Group Inc. (HURN:$855.69)
Huron is a global professional services firm focused on assisting clients with their most complex business issues by delivering high-value, quality solutions to support their long-term strategic objectives. Huron serves in the healthcare, higher education, life sciences, and commercial sectors. "
target: HSM Consulting
Healthcare Services Management, Inc. (HSM) is a leading provider of operational and information technology consulting to the healthcare marketplace. It offers a full range of healthcare information technology and project management consulting services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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