M&A Deal Summary

Availity Acquires Olive - Utilization Management Solution and Business Unit

On April 10, 2023, Availity acquired information technology company Olive - Utilization Management Solution and Business Unit from Olive

Acquisition Highlights
  • This is Availity’s 2nd transaction in the Information Technology sector.
  • This is Availity’s 2nd transaction in the United States.
  • This is Availity’s 1st transaction in Ohio.

M&A Deal Summary
Date 2023-04-10
Target Olive - Utilization Management Solution and Business Unit
Sector Information Technology
Buyer(s) Availity
Sellers(s) Olive
Deal Type Divestiture

Target

Olive - Utilization Management Solution and Business Unit

Columbus, Ohio, United States
Olive's Utilization Management Solution and Business Unit strengthens Availity’s existing strategy to deliver an automated solution for end-to-end authorization transactions. Olive's Utilization Management Solution and Business Unit is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

Availity

Jacksonville, Florida, United States
Category Company
Founded 2001
Sector Information Technology
DESCRIPTION

Availity is a revenue cycle management platform and electronic clearinghouse that connects hospitals and physicians with health plans. Availity’s solutions help healthcare professionals manage the clinical and financial data needed to fuel real-time coordination between providers, health plans, and patients in a growing value-based care environment. Availity was founded in 2001 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Diameter Health

Farmington, Connecticut, United States

Diameter Health is a provider of clinical data quality and interoperability. Diameter Health was founded in 2013 and is based in Farmington, Connecticut.

Buy -

Seller(S) 1

SELLER

Olive

Columbus, Ohio, United States
Category Company
Sector Information Technology
DESCRIPTION

Olive, Inc. is a developer of AI workforce is built to fix broken healthcare system by addressing healthcare's most burdensome issues -- delivering hospitals and health systems and payers increased revenue, reduced costs, and increased capacity. Olive is based in Columbus, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Divestiture) 1 of 2
State (Ohio) 1 of 2
Country (United States) 1 of 2
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Healthcare IP

Edmond, Oklahoma, United States

Healthcare IP is an integrated partner of healthcare provider and payer organizations, advocating data transparency and user experience in the revenue cycle. The Company's SCALE platform reduces touchpoints through workflow automation and organizes data to make sense. Regardless of shape, size or specialty, we welcome collaborative partnerships and believe better is possible together. Healthcare IP was founded in 2013 and is based in Edmond, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-13 LifeGraph Intelligence

Columbus, Ohio, United States

LifeGraph Intelligence provides cutting-edge technologies such as Natural Language Processing, Machine Learning, and AI to extract meaningful insights from clinical notes and EMR fields.

Sell -
Mergr

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