Like Strenuus

closed 3/31/2017 via BusinessWire

Zelis Healthcare, acquired Strenuus

synopsis: Zelis™ Healthcare, a market-leading healthcare information technology company, is pleased to announce the purchase of Strenuus®. Overland Park, Kansas-based Strenuus is a healthcare information technology company and provider of healthcare provider network analytics.
buyer parent: Parthenon Capital Partners
buyer: Zelis Healthcare
Zelis Healthcare is a healthcare information technology company and market-leading provider of end-to-end healthcare claims cost management and payments solutions. Zelis Healthcare focuses on network solutions, claims integrity and electronic payments for healthcare payers, providers and consumers. "
target: Strenuus
Strenuus is the leader in healthcare provider network analysis and data management. Their flagship platform, Network360, delivers actionable network intelligence services to payer clients nationwide. They also power consumer-facing solutions for leading benefit consultant & healthcare IT companies.
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closed 12/5/2007 via Company Press Release

IMS Health Incorporated, acquired MedInitiatives, Inc.

synopsis: IMS Health, the world’s leading provider of market intelligence to the pharmaceutical and healthcare industries, has acquired MIHS Holdings, Inc. The company’s two subsidiaries – IHS and MedInitiatives – provide the healthcare market with analytics and technology services to streamline and enhance healthcare data management initiatives.
buyer: IMS Health Incorporated (NYSE:IQV:$10,412.00)
IMS Health is the world’s leading provider of market intelligence to the pharmaceutical and healthcare industries. IMS offers leading-edge market intelligence products and services that are integral to clients’ day-to-day operations. "
target: MedInitiatives, Inc.
MedInitiatives is a market leader in business intelligence technology for health care. We develop, deploy and manage advanced analytic applications, delivering a proven decision support technology that is entirely Web based and integrates medical and pharmacy data.
price ($mm)
$68
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closed 9/14/2009 via BusinessWire

MedAssurant, Inc., acquired Catalyst Information Technologies, Inc.

synopsis: MedAssurant, Inc., a leading provider of data-driven healthcare solutions, announced that it has acquired Catalyst Information Technologies, Inc., d/b/a Catalyst Technologies, a leader in healthcare clinical quality outcomes analysis and data analytical toolset development.
buyer: MedAssurant, Inc. (INOV:$449.36)
MedAssurant, Inc. is a leading healthcare solutions provider focused on the importance of healthcare data and its ability to drive dramatic, objective improvements in clinical and quality outcomes, care management, and financial performance throughout the healthcare community. "
target: Catalyst Information Technologies, Inc.
Catalyst Technologies is the provider of an advanced suite of data mining tools that enable large-scale healthcare data analytics through user-friendly interfaces, provoking significant change and action in its customers’ business by providing expert resource to transform data into information.
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closed 10/15/2018 via Company Press Release

Citra Health Solutions, acquired DataWing Software

synopsis: Citra Health Solutions announced the acquisition of DataWing Software, a Portland, Oregon company specializing in administrative solutions designed to improve efficiencies around managing eligibility files and helping health care organizations ensure maximum profitability with capitation models.
buyer parent: Great Point Partners
buyer: Citra Health Solutions
Citra provides a one-contract, connected solution for clinical, financial and administrative requirements. Citra empowers clients with proven technology, population health, analytics, care management, and administrative services. "
target: DataWing Software
DataWing Software® has developed a number of innovative and user-friendly data administration solutions designed specifically for healthcare organizations to improve efficiencies and increase profitability.
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closed 4/29/2019 via BNC Analysis

adesso AG, acquired Management systems GmbH

synopsis: adesso, a leading IT service provider in Germany, has acquired a 90% stake in management systems GmbH (ms) from Sauer Holding GmbH, an investment holding company. ms is a provider of IT solutions to the German Associations of Statutory Health Insurance Physicians. Their flagship product, KVAI, offers a full range of business process solutions.
buyer: adesso AG (DB:ADN1:$641.29)
adesso is a leading IT service provider in the German-speaking area and focuses its consulting and software development activities on the core business processes of companies and public authorities. adesso develops superior IT solutions, which enhance the competitive position of a company. "
target parent: Sauer Holding GmbH
target: Management systems GmbH
management systems GmbH (ms) is a leading provider of IT solutions to the German Associations of Statutory Health Insurance Physicians. Their flagship product, KVAI, offers a full range of business process solutions, from master data management to billing.
price ($mm)
$5.58*
rev ($mm)
$7
EBITDA ($mm)
EV / rev
0.9x
EV / EBITDA
closed 10/17/2006 via BusinessWire

Insurance Services Office, inc., acquired Urix

synopsis: ISO, through its subsidiary DxCG, Inc., has completed acquisition of the assets of Urix, a leading provider of cutting-edge healthcare analytics and employer reporting solutions. Terms were not disclosed.
buyer: Insurance Services Office, inc. (NasdaqGS:VRSK:$2,784.60)
Verisk Analytics is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources. In the US and around the world, Verisk Analytics helps customers protect people, property, and financial assets. "
target: Urix
Verisk Health leverages healthcare data to help businesses understand their medical and financial risk to better manage costs and clinical outcomes.
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closed 11/8/2013 via BusinessWire

QualMetrix, acquired Visual Intelligence, LLC.

synopsis: QualMetrix, a healthcare analytics company delivering actionable insights to payers, providers and employers to help them reduce cost while enhancing the quality of healthcare, has completed the acquisition of the healthcare analytics platform of Visual Intelligence LLC.
buyer: QualMetrix
QualMetrix delivers high value healthcare analytics, actionable insights and innovative reporting to payers, providers and employers. Built by medical directors for medical directorsTM, QualMetrix delivers the answers healthcare leaders need to drive improvements in quality, cost and performance. "
target: Visual Intelligence, LLC.
Visual Intelligence is a progressive business intelligence and advanced analytics solutions provider that has focused on helping its customers implement the next generation of high impact, rapidly-deployed, and cost effective business intelligence capabilities.
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closed 12/11/2019 via PR Web

ESO Solutions, acquired Digital Innovation, Inc.

synopsis: ESO, the leading data and software company serving emergency medical services (EMS), fire departments and hospitals, has acquired Digital Innovation (DI), a full service software solutions provider that specializes in the design and development of medical registries, case management and related database apps.
buyer: ESO Solutions
ESO is dedicated to improving community health and safety through the power of data. Since its founding in 2004, the company continues to pioneer innovative, user-friendly software to meet the changing needs of today’s EMS agencies, fire departments, and hospitals. "
target: Digital Innovation, Inc.
Digital Innovation (DI) is a software solutions provider that specializes in the design and development of medical registries, case management and related database apps. DI provides data management and analysis products, as well as numerous software engineering and app development services.
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closed 3/1/2010 via PR Newswire

IBM, acquired Initiate Systems, Inc.

synopsis: IBM announced the closing of its acquisition of Initiate Systems, a privately held software company with a focus on data integrity and master data management technologies. Initiate's software helps clients in many industries -- particularly in healthcare and government -- share information across multiple systems.
buyer: IBM (IBM:$73,779.00)
IBM is the world's largest information technology company. Drawing on resources from across IBM and key IBM Business Partners, IBM offers a wide range of services, solutions and technologies that enable customers, large and small, to take full advantage of the new era of on demand business. "
target: Initiate Systems, Inc.
Initiate Systems enables organizations to share critical data assets. Multinational corporations, healthcare organizations and government agencies rely on Initiate® software and services to deliver complete, accurate and real-time views of data spread across multiple systems, domains or databases.
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closed 7/28/2009 via BusinessWire

Verisk Health, Inc., acquired TierMed Systems, LLC.

synopsis: Verisk Health, Inc., a global leader in healthcare data analytics, has acquired through a subsidiary the assets of TierMed Systems, LLC, a leading provider of HEDIS® (Healthcare Effectiveness Data and Information Set) software solutions.
buyer parent: Insurance Services Office, Inc.
buyer: Verisk Health, Inc.
Verisk Health leverages healthcare data to help businesses understand their medical and financial risk to better manage costs and clinical outcomes. "
target: TierMed Systems, LLC.
TierMed Systems is a privately held and funded organization providing end-to-end HEDIS (Healthcare Effectiveness Data and Information Set) reporting solutions. TierMed’s technology and solutions are designed to generate effective management interventions and initiatives.
price ($mm)
$7.21
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EBITDA ($mm)
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closed 6/18/2018 via PR Newswire

Quest Analytics, L.L.C., acquired BetterDoctor, Inc.

synopsis: Quest Analytics, the leading provider of network access and adequacy services to health plans and insurance regulatory agencies, announced that it has acquired BetterDoctor, the nation's most accurate provider data management platform.
buyer parent: Vestar Capital Partners
buyer: Quest Analytics, L.L.C.
Quest Analytics is the first comprehensive platform that enables health plans to optimize their member experience, while complying with federal and state regulations for network adequacy and accuracy. "
target: BetterDoctor, Inc.
BetterDoctor is an engine that powers the healthcare market with accurate provider data. BetterDoctor helps validate and deliver accurate provider data to health plans, health systems, and hundreds of other companies.
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closed 5/29/2018 via PR Newswire

Civica, acquired Visionware Ltd

synopsis: The Civica Group, an international market leader in business-critical software applications, digital solutions and managed services, has announced that Civica UK Limited, the company's wholly owned subsidiary, has acquired master data management company VisionWare Limited.
buyer: Civica
Civica is a market-leading specialist in business-critical software, digital solutions and managed services that help teams and organizations around the world to transform the way they work. "
target: Visionware Ltd
Based in Glasgow, Scotland, and with operations in the UK and the US, VisionWare is a provider of innovative master data management (MDM) solutions for local, regional and state government and healthcare.
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closed 3/31/2017 via BusinessWire

Zelis Healthcare, acquired Strenuus

synopsis: Zelis™ Healthcare, a market-leading healthcare information technology company, is pleased to announce the purchase of Strenuus®. Overland Park, Kansas-based Strenuus is a healthcare information technology company and provider of healthcare provider network analytics.
buyer parent: Parthenon Capital Partners
buyer: Zelis Healthcare
Zelis Healthcare is a healthcare information technology company and market-leading provider of end-to-end healthcare claims cost management and payments solutions. Zelis Healthcare focuses on network solutions, claims integrity and electronic payments for healthcare payers, providers and consumers. "
target: Strenuus
Strenuus is the leader in healthcare provider network analysis and data management. Their flagship platform, Network360, delivers actionable network intelligence services to payer clients nationwide. They also power consumer-facing solutions for leading benefit consultant & healthcare IT companies.
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closed 10/4/2019 via BusinessWire

RedCard Systems merged with Zelis Healthcare,

synopsis: Healthcare payments technology leaders Zelis Healthcare and RedCard Systems announced the successful completion of their previously announced merger. RedCard Systems is a leading provider of healthcare payments and communications optimization.
buyer: Zelis Healthcare
Zelis Healthcare is a healthcare information technology company and market-leading provider of end-to-end healthcare claims cost management and payments solutions. Zelis Healthcare focuses on network solutions, claims integrity and electronic payments for healthcare payers, providers and consumers. "
target: RedCard Systems
RedCard Systems is a leading provider of healthcare payments and communications optimization. RedCard’s gateway technology drives effective communications between healthcare payers, providers and consumers.
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closed 11/5/2018 via BusinessWire

Zelis Healthcare, acquired NetMinder

synopsis: Zelis Healthcare, a healthcare technology company and market-leading provider of integrated healthcare cost management and payments solutions, announced its acquisition of NetMinder. NetMinder delivers industry-leading network comparison data to make brokers and insurance sales teams more effective and make provider network managers more efficient.
buyer parent: Parthenon Capital Partners
buyer: Zelis Healthcare
Zelis Healthcare is a healthcare information technology company and market-leading provider of end-to-end healthcare claims cost management and payments solutions. Zelis Healthcare focuses on network solutions, claims integrity and electronic payments for healthcare payers, providers and consumers. "
target: NetMinder
NetMinder delivers industry-leading network comparison data to make brokers and insurance sales teams more effective and make provider network managers more efficient.
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closed 3/31/2017 via BusinessWire

Zelis Healthcare, acquired Strenuus

synopsis: Zelis™ Healthcare, a market-leading healthcare information technology company, is pleased to announce the purchase of Strenuus®. Overland Park, Kansas-based Strenuus is a healthcare information technology company and provider of healthcare provider network analytics.
buyer parent: Parthenon Capital Partners
buyer: Zelis Healthcare
Zelis Healthcare is a healthcare information technology company and market-leading provider of end-to-end healthcare claims cost management and payments solutions. Zelis Healthcare focuses on network solutions, claims integrity and electronic payments for healthcare payers, providers and consumers. "
target: Strenuus
Strenuus is the leader in healthcare provider network analysis and data management. Their flagship platform, Network360, delivers actionable network intelligence services to payer clients nationwide. They also power consumer-facing solutions for leading benefit consultant & healthcare IT companies.
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closed 11/14/2012 via Company Press Release

CareLike, LLC, acquired SNAPforSeniors

synopsis: CareLike LLC, an affiliate of HealthLink Dimensions™LLC, has acquired the assets of Seattle-based SNAPforSeniors, Inc., including the technology and comprehensive healthcare services provider database. SNAPforSeniors, Inc. is an information and publishing company serving consumers, professionals, associations, private and government organizations.
buyer parent: Stratose, Inc.
buyer: CareLike, LLC
CareLike LLC is a data and technology services company that provides access to detailed data on more than 27 categories of providers and 250,000 healthcare services providers. "
target: SNAPforSeniors
SNAPforSeniors, Inc. is an information and publishing company serving consumers, professionals, associations, private and government organizations. SNAPforSeniors also licenses its provider database to third parties, collectively referred to as the Alliance Network.
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closed 1/21/2015 via Market Wire

Equian, acquired The Assist Group

synopsis: Equian, a healthcare information services company, completed the acquisition of The Assist Group, a pre-payment technology and solutions company with extensive clinical and claim resolution processes that identify improper costs and yield significant savings to payers.
buyer parent: Great Point Partners
buyer: Equian
Equian is a healthcare information services company providing solutions throughout the United States -- and around the world -- that ensures each healthcare interaction is paid accurately, and at the lowest possible cost. "
target: The Assist Group
Based in Lakewood, Colorado, The Assist Group ("TAG") is a pre-payment technology and solutions company with extensive clinical and claim resolution processes that identify improper costs and yield significant savings to payers.
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closed 6/16/2014 via Market Wire

Health Systems International, acquired AfterMath Claim Science, Inc.

synopsis: Equian completed the acquisition of AfterMath Claim Science, Inc. effective June 16, 2014. Based just outside of Chicago, IL, AfterMath Claim Science is a post-payment recovery services company that identifies and eliminates medical claim payment errors.
buyer parent: Great Point Partners
buyer: Health Systems International
Equian is a healthcare information services company focused on lowering the cost of care by eliminating waste. It provides pre-payment solutions, post-payment solutions, and data analytics methodology. "
target: AfterMath Claim Science, Inc.
AfterMath Claim Science is a specialized overpayment recovery company, with data mining techniques aimed at specific claim types not detected by traditional claims overpayment services. Its Member Eligibility Overpayment (MEO) recovery program is the highest performing recovery program of its kind.
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closed 6/27/2018 via PR Web

United Claim Solutions, acquired Zebu Compliance Solutions

synopsis: United Claim Solutions (UCS), a Great Point Partners II portfolio company, has acquired Portsmouth, Ohio-based Zebu Compliance Solutions (Zebu), a software enabled business, providing payment integrity and ongoing credentialing solutions to payors, clearinghouses, and provider organizations across the United States.
buyer parent: Great Point Partners
buyer: United Claim Solutions
United Claim Solutions (UCS) is an innovative payment integrity solutions company providing cutting edge and customizable solutions for TPAs, self-insured groups, labor and trust organizations, stop-loss carriers and health plans. "
target: Zebu Compliance Solutions
Zebu Compliance Solutions improves medical coding efficiency, reimbursement assurance, auditing toolsets, claim accuracy, and staff licensing/exclusion monitoring. Their clients reduce labor costs, increase revenue, and maintain audit-readiness.
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closed 11/11/2020 via Company Press Release

New Mountain Capital, LLC, acquired Healthcomp

synopsis: New Mountain Capital has acquired HealthComp Holding Company LLC, a leading independent Third Party Administrator of healthcare benefits for self-funded employers. New Mountain Capital’s experience in healthcare cost containment will allow HealthComp to leverage institutional knowledge to drive business building and increase value for customers.
buyer: New Mountain Capital, LLC
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with $28 billion in assets under management. "
target: Healthcomp
HealthComp is the largest independent Third-Party Administrator (TPA) of healthcare benefits in the U.S. The Company offers best in class technology for healthcare benefits administration, payment integrity, and care management services to reduce costs and improve clinical outcomes.
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announced 5/6/2016 via PR Newswire

Hellman & Friedman LLC, will acquire MultiPlan, Inc.

synopsis: MultiPlan, Inc., the industry's most comprehensive provider of healthcare cost management solutions, announced that affiliates of Hellman & Friedman have entered into an agreement to acquire control of the company from Starr Investment Holdings, LLC and Partners Group. MultiPlan is the nation's largest provider of transaction-based solutions.
buyer: Hellman & Friedman LLC
Hellman & Friedman is a leading private equity investment firm that focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including software, internet & media, financial services, business & information services, and more. "
target parent: Starr Investment Holdings, LLC
target: MultiPlan, Inc. (:$928.82)
MultiPlan, Inc. is the industry's most comprehensive provider of healthcare cost management solutions. The company provides a single gateway to a host of primary, complementary and out-of-network strategies for managing the financial risks associated with healthcare claims.
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cancelled 3/17/2015 via GlobeNewswire

Performant, cancelled an acquisition of Premier Healthcare Exchange, Inc.

synopsis: Performant Financial Corporation announced that its merger agreement to acquire Premier Healthcare Exchange, Inc. ("PHX") has been terminated. Based in Bedminster, New Jersey, privately-held PHX is a leading provider of healthcare cost management solutions for more than 200 commercial health plans and third party administrators (TPAs).
buyer: Performant (PFMT:$215.66)
Performant helps government and commercial organizations enhance revenue and contain costs by preventing, identifying and recovering waste, improper payments and defaulted assets. Performant is a leading provider of these services in several industries, including healthcare, government and more. "
target: Premier Healthcare Exchange, Inc.
Premier Healthcare Exchange (PHX) was incorporated in 2001. The company provides advanced cost management solutions for health plans that combine claim processing automation with professional services to deliver a timely, centralized approach to healthcare cost management.
price ($mm)
$130
rev ($mm)
$43
EBITDA ($mm)
EV / rev
3.0x
EV / EBITDA
closed 10/18/2013 via Market Wire

Health Systems International, acquired The Reclaim Group

synopsis: Health Systems International completed the acquisition of The Reclaim Group. The agreement marks the ninth tuck-in acquisition Health Systems International has completed in a five year period. TRG is a medical post-payment recovery services company that partners with health insurers to identify and eliminate facility claim payment errors.
buyer parent: Great Point Partners
buyer: Health Systems International
Health Systems International provides medical cost management solutions to healthcare payors in multiple markets throughout the world. It connects clients to the lowest possible cost of care utilizing advanced technology, customized solutions, exclusive offerings, and personalized service. "
target: The Reclaim Group
The Reclaim Group, based in Bethesda, Maryland, is a medical post-payment recovery services company that partners with health insurers to identify and eliminate facility claim payment errors and costly rework.
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closed 5/4/2011 via PR Newswire

Emdeon, Inc., acquired EquiClaim, Inc.

synopsis: Emdeon Inc., a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, announced the acquisition of EquiClaim, a leading provider of healthcare audit and recovery services for commercial and government payers, from MultiPlan, Inc.
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. "
target parent: MultiPlan, Inc.
target: EquiClaim, Inc.
EquiClaim delivers comprehensive cost management strategies to government and commercial payers in the healthcare industry through its suite of clinical review services.
price ($mm)
$41
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closed 11/21/2013 via Company Press Release

Moelis Capital Partners, acquired OmniSYS, LLC

synopsis: OmniSYS, LLC, the leader in medical claims reimbursement and compliance services for pharmacies and medical equipment providers, announced that New York-based private equity firm Moelis Capital Partners (MCP) has acquired the company from CIC Partners, a private equity firm based in Dallas.
buyer parent: Moelis & Company
buyer: Moelis Capital Partners
Moelis Capital Partners is a middle market private equity firm. Moelis Capital Partners manages $700 million of committed private equity capital and specializes in traditional private equity investments in the middle market. "
target parent: CIC Partners LP
target: OmniSYS, LLC
OmniSYS, LLC.is a provider of systems and services to pharmacies, health plans and other organizations that use healthcare claim processing services. They provide pharmacies with a suite of central-site service offerings that bridge disparate coding and billing methodologies.
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closed 3/16/2012 via PE Hub

Mitchell International, Inc., acquired National Health Quest, Inc.

synopsis: Mitchell, a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, announced the acquisition of National Health Quest, Inc., a national best-in-class provider of negotiated out-of-network payment services.
buyer parent: Aurora Capital Group
buyer: Mitchell International, Inc.
Mitchell International, Inc. provides technology, connectivity, and information solutions to the property and casualty claims, and collision repair industries in North America. It offers workflow management solutions; and claims management solutions and processing software. "
target: National Health Quest, Inc.
National Health Quest, Inc. (NHQ), a national best-in-class provider of negotiated out-of-network payment services. NHQ has been representing major national insurance carriers, employers, self-insured employers groups, TPA’s, consultants and brokers for over two decades.
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closed 6/12/2013 via PR Newswire

Emdeon, Inc., acquired Goold Health Systems

synopsis: Emdeon Inc., a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, announced the acquisition of Goold Health Systems, a healthcare management organization that specializes in providing pharmacy benefit and related services primarily to State Medicaid agencies across the nation.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon, Inc. is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. "
target: Goold Health Systems
Goold Health Systems (GHS) offers clinically driven, evidence-based pharmacy benefit services, clinical services, and secure data and storage services. Headquartered in Augusta, Maine, with offices in Iowa and Wyoming, GHS focuses almost exclusively on Medicaid and related programs.
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announced 10/27/2020 via BusinessWire

Teleperformance SA, will acquire Health Advocate, Inc

synopsis: Teleperformance, a leading global group in digitally integrated business services, is to acquire Health Advocate from Intrado Corporation, a global leader in technology-enabled services and portfolio company of funds managed by affiliates of Apollo Global Management, Inc. Health Advocate, Inc. offers healthcare advocacy and assistance services.
buyer: Teleperformance SA (ENXTPA:TEP:$6,450.89)
Teleperformance is the worldwide leader in outsourced omnichannel customer experience management. They connect brands with their customers by providing customer care, technical support, customer acquisition, digital solutions, analytics, back-office and other specialized services. "
target parent: Apollo Global Management
target: Health Advocate, Inc
Health Advocate, Inc. offers healthcare advocacy and assistance services. The company provides claims denials, healthcare bills, payment arrangements, and physicians, hospitals, and healthcare provider advisory and consulting services.
price ($mm)
$690
rev ($mm)
$140
EBITDA ($mm)
$50
EV / rev
4.9x
EV / EBITDA
13.8x
announced 12/21/2020 via GlobeNewswire

Gainwell Technologies, will acquire HMS

synopsis: Veritas Capital-backed Gainwell Technologies, a leading provider of solutions that are vital to the administration and operations of health and human services programs, is to acquire HMS, an industry-leading technology, analytics and engagement solutions provider helping organizations reduce costs and improve health outcomes.
buyer parent: Veritas Capital
buyer: Gainwell Technologies
Gainwell Technologies is a leading provider of solutions that are vital to the administration and operations of health and human services programs. They offer services in Medicaid Management Information Systems, fiscal agent services, care management, immunization registry and eligibility services. "
target: HMS (HMSY:$642.75)
HMS advances the healthcare system by helping payers reduce costs and improve health outcomes. HMS provides a broad range of coordination of benefits, payment integrity, population risk analytics, care management, and member engagement solutions that help move the healthcare system forward.
price ($mm)[EV]
$3,329 [$3,377]
rev ($mm)
$643
EBITDA ($mm)
$123
EV / rev
5.3x
EV / EBITDA
27.8x
closed 6/24/2015 via BusinessWire

Arcadia Solutions LLC, acquired Sage Technologies

synopsis: Arcadia Healthcare Solutions, an Electronic Health Record data aggregation and analytics company, has acquired Sage Technologies. Sage provides managed services, ACO implementation and performs outsourced managed care, third party claims administration, financial leadership, data analytics, and improvement programs in the healthcare industry.
buyer: Arcadia Solutions LLC
Arcadia Healthcare Solutions is an EHR data aggregation and analytics technology company delivering managed care to ambulatory networks. Arcadia integrates data from EHR platforms, enriching them with claims and operational data, and using that data to drive improvements in patient care. "
target: Sage Technologies
Sage Technologies provides technology-enabled services that allow large physician groups to enter into risk-based contracts with health plans, accountable care organizations, and other healthcare organizations that are seeking to enter into value-based care arrangements.
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closed 8/1/2010 via BusinessWire

TriZetto Group, Inc., acquired Tela Sourcing, Inc.

synopsis: The TriZetto Group, Inc. has announced it has completed its acquisition of privately held Tela Sourcing, Inc., a Baltimore-based business process outsourcing (BPO) services company that provides U.S. and India-based outsourcing capabilities to the healthcare industry.
buyer parent: Apax Partners
buyer: TriZetto Group, Inc.
TriZetto is Powering Integrated Healthcare Management™. The company provides premier information technology solutions that enable payers and other constituents in the healthcare supply chain to improve the coordination of benefits and care for healthcare consumers. "
target: Tela Sourcing, Inc.
Tēla Sourcing is a privately-held company headquartered in Baltimore, Maryland. The domain expertise, experience and delivery expertise of Tēla offers a wide range of solutions for business process outsourcing (BPO) and software application development.
price ($mm)
$29
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announced 4/2/2014 via Reuters

iHealth Technologies will be merged with Connolly, Inc.,

synopsis: Buyout firm Advent International Corp's insurance payments auditing company Connolly LLC has agreed to merge with Goldman Sachs Group Inc's medical claims company iHealth Technologies Inc. iHealth provides analytics and services to contain medical and administration costs for more than 75 healthcare organizations, including insurance plans.
buyer parent: Advent International
buyer: Connolly, Inc. (COTV:$737.56)
Founded in 1979, Wilton, Connecticut-based Connolly is a privately held recovery auditing services firm. It reviews more than a trillion transactions each year, recovering $2 billion in overpayments in the healthcare and retail sectors, according to its website. "
target parent: Goldman Sachs & Co.
target: iHealth Technologies
Founded in 2001, Atlanta, Georgia-based iHealth provides analytics and services to contain medical and administration costs for more than 75 healthcare organizations, including insurance plans.
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closed 6/19/2012 via Market Wire

BancTec, Inc., purchased Claims Processing Business from GTESS

synopsis: BancTec, a global leader in BPO for financial transaction automation and document management, announced that it has acquired certain assets of GTESS, a provider of claims pre-adjudication technology and services for the healthcare industry. The transaction will enable BancTec to strengthen and expand its healthcare claims processing services.
buyer: BancTec, Inc.
BancTec is a global leader in business process outsourcing, providing financial transaction automation and document management services for organizations seeking to drive efficiency in their financial and back-office processes. "
seller parent: Tricom Infotech Solutions, Inc.
seller: GTESS
GTESS specializes in automation technologies that drive cost and process improvements in the front-end, or pre-adjudication, portion of healthcare claims processing. GTESS has enabled clients to achieve their goals for increased automation, speed and lower costs of claims processing.
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EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2010 via BusinessWire

HMS, acquired Chapman Kelly

synopsis: HMS announced it has acquired privately-held Chapman Kelly. Based in the metropolitan Louisville, Kentucky area, Chapman Kelly provides dependent eligibility audits to large, self-insured employers, as well as plan and claims audits to both employers and managed care organizations.
buyer: HMS (HMSY:$642.75)
HMS is the nation's leader in coordination of benefits and program integrity services for healthcare payors. HMS's clients include health and human services programs, commercial programs, including commercial plans, employers, and over 100 Medicaid managed care plans. "
target: Chapman Kelly
Chapman Kelly provides health care cost-containment services to organizations of all sizes and across multiple sectors. Organizations turn to Chapman Kelly to help lower their health care costs and increase compliance through health care claim audits, dependent audits and other related services.
price ($mm)
$13
rev ($mm)
$4
EBITDA ($mm)
EV / rev
3.3x
EV / EBITDA
announced 1/22/2021 via BusinessWire

MultiPlan, Inc., will acquire Discovery Health Partners

synopsis: MultiPlan Corporation, a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, is to acquire Discovery Health Partners, an analytics and technology company offering healthcare revenue and payment integrity services.
buyer: MultiPlan, Inc. (:$928.82)
MultiPlan, Inc. is the industry's most comprehensive provider of healthcare cost management solutions. The company provides a single gateway to a host of primary, complementary and out-of-network strategies for managing the financial risks associated with healthcare claims. "
target parent: Carrick Capital Partners, LLC
target: Discovery Health Partners
Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions. They are specialists in technology, services, and solutions for Subrogation, Coordination of Benefits, Dependent Eligibility Verification, and Healthcare Analytics.
price ($mm)
$155
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/9/2018 via PR Newswire

Carrick Capital Partners, LLC, acquired Discovery Health Partners

synopsis: Carrick Capital Partners, an investment firm focused on technology-enabled services including Software announced the close of an additional significant investment in Discovery Health Partners. Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions.
buyer: Carrick Capital Partners, LLC
Carrick Capital Partners is an investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast growing businesses that provide software and technology-enabled services. "
target parent: LaunchPoint
target: Discovery Health Partners
Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions. They are specialists in technology, services, and solutions for Subrogation, Coordination of Benefits, Dependent Eligibility Verification, and Healthcare Analytics.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Ticker: HMSY
 
 
 
 
 
 
 
 
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