Published July 6, 2015 by Emily Kubis
Health care software and technology company Emdeon is acquiring Florida-based Altegra Health for $910 million in cash.
Through the deal, Emdeon acquires Altegra Health’s cloud-based data and analytics platform, according to a release. The company will combine Altegra’s risk adjustment tools with Emdeon’s revenue cycle management and payment solutions product.
The companies have entered into a definitive agreement and the deal, Emdeon’s third acquisition in the last year, is expected to close in the third quarter. The Nashville-based company acquired local price transparency company Change Healthcare last November and payment services company AdminiSource Communications in December.
“Our health plan, provider and pharmacy customers look to Emdeon for innovative solutions to their most challenging problems,” Neil de Crescenzo (pictured), Emdeon president and CEO, said in the release. “Altegra Health has created leading end-to-end solutions that provide health plans and other risk-bearing organizations with the data, insights and related services they need to expertly manage care, ensure appropriate reimbursement and engage individuals in improving their use of the health care system. By adding these capabilities and leveraging our Intelligent Healthcare Network, we can further expand the products and services we provide our customers as they address the needs of value-based health care.”
Altegra Health is a portfolio company of Parthenon Capital Partners, a private equity firm with offices in Boston and San Francisco. Emdeon is a portfolio company of the Blackstone Group, based in New York City, and Hellman & Friedman, based in San Francisco.
