M&A Deal Summary

Cedar Acquires OODA Health

On May 13, 2021, Cedar acquired healthcare services company OODA Health for 425M USD

Acquisition Highlights
  • This is Cedar’s 1st transaction in the Healthcare Services sector.
  • This is Cedar’s largest (disclosed) transaction.
  • This is Cedar’s 1st transaction in the United States.
  • This is Cedar’s 1st transaction in California.

M&A Deal Summary
Date 2021-05-13
Target OODA Health
Sector Healthcare Services
Buyer(s) Cedar
Deal Type Add-on Acquisition
Deal Value 425M USD
Advisor(s) Fenwick & West (Legal)

Target

OODA Health

San Francisco, California, United States
OODA Health transforms healthcare administration by enabling real-time interactions between consumers, providers, and payers. The company is focused on eliminating the friction and delays in current payment processes that will save $400 billion of wasted spend, improve the member experience and inspire greater collaboration between providers and payers. Leveraging an innovative technology platform, It partners with leading health plans and providers including Anthem, Dignity Health, a part of CommonSpirit Health, Blue Cross Blue Shield of Massachusetts, Blue Cross Blue Shield of Arizona, Blue Shield of California, and others. OODA Health was formed in 2017 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Cedar

New York, New York, United States
Category Company
Founded 2016
Sector Information Technology
DESCRIPTION

Cedar is a healthcare financial technology platform for hospitals, health systems, and medical groups that clarifies and simplifies the financial experience for consumers, improving bill resolution and payment outcomes for providers. Cedar was founded in 2016 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal