M&A Deal Summary

Apixio Acquires ClaimLogiq

On June 13, 2023, Apixio acquired software company ClaimLogiq from Eir Partners and New Mountain Capital

Acquisition Highlights
  • This is Apixio’s 1st transaction in the Software sector.
  • This is Apixio’s 1st transaction in the United States.
  • This is Apixio’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2023-06-13
Target ClaimLogiq
Sector Software
Buyer(s) Apixio
Sellers(s) Eir Partners
New Mountain Capital
Deal Type Merger

Target

ClaimLogiq

Mount Pleasant, South Carolina, United States
ClaimLogiq is a healthcare software and technology company that delivers a proactive approach to payment integrity through a powerful, simplified solution. The unique payer-facing, claim-analyzing solution is HITRUST CSF® certified and makes claim reviews accessible to all size healthcare payers for in-depth insight and real-time access into the status of every claim at every stage of the audit lifecycle for controlled, consistent, accurate, and defensible outcomes. ClaimLogiq is based in Mount Pleasant, South Carolina.

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Buyer(S) 1

Buyer

Apixio

San Mateo, California, United States

Category Company
Founded 2009
Sector Information Technology
DESCRIPTION

Apixio is an operator of an AI healthcare analytics company that is developed to a patented analytics platform to improve healthcare delivery through novel insights from medical records and administrative data. Apixio’s computing platform is built upon insights from analyzing more than 6 million patient charts. Apixio was founded in 2009 and is based in San Mateo, California.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 2

SELLER
DESCRIPTION

Eir Partners is a private equity firm focused exclusively on healthcare technology and tech enabled services companies throughout the US. The Firm seeks to commit between $25 and $125 million per transaction and will consider a variety of transaction situations, including buyouts and capital for growth. Eir Partners was established in 2015 and is based in Miami, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Gifthealth

Columbus, Ohio, United States

Gifthealth is a pharmacy software company that provides innovative solutions to simplify the prescription process for patients, healthcare providers, and pharmacies. Removing barriers in the Rx process, it drives a seamless and efficient prescription experience, ultimately improving healthcare outcomes and patient satisfaction. Gifthealth is based in Columbus, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 PharmaForceIQ

Miami, Florida, United States

PharmaForceIQ is a provider of precision omnichannel marketing solutions for the Life Science industry. The company uses a proprietary set of machine learning technologies. Unique data solutions connect the dots, end-to-end, in the pharma marketing ecosystem offering real time omnichannel deployment. PharmaForceIQ is based in Miami, Florida.

Buy -
SELLER

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 43 of 53
Sector: Software M&A 8 of 8
Type: Merger M&A Deals 5 of 7
State: South Carolina M&A 1 of 1
Country: United States M&A 40 of 50
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 ClaimLogiq

Mount Pleasant, South Carolina, United States

ClaimLogiq is a healthcare software and technology company that delivers a proactive approach to payment integrity through a powerful, simplified solution. The unique payer-facing, claim-analyzing solution is HITRUST CSF® certified and makes claim reviews accessible to all size healthcare payers for in-depth insight and real-time access into the status of every claim at every stage of the audit lifecycle for controlled, consistent, accurate, and defensible outcomes. ClaimLogiq is based in Mount Pleasant, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 Apixio

San Mateo, California, United States

Apixio is an operator of an AI healthcare analytics company that is developed to a patented analytics platform to improve healthcare delivery through novel insights from medical records and administrative data. Apixio’s computing platform is built upon insights from analyzing more than 6 million patient charts. Apixio was founded in 2009 and is based in San Mateo, California.

Buy -