Divestiture • Software

Change Healthcare Acquires PokitDok - Intellectual Property & Other Key Assets

On December 18, 2018, Change Healthcare acquired software company PokitDok - Intellectual Property & Other Key Assets from PokitDok

Acquisition Context
  • This is Change Healthcare’s 2nd transaction in the Software sector.
  • This is Change Healthcare’s 17th transaction in the United States.
  • This is Change Healthcare’s 3rd transaction in California.

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M&A Deal Summary

Date December 18, 2018
Target PokitDok - Intellectual Property & Other Key Assets
Sector Software
Buyer(s) Change Healthcare
Sellers(s) PokitDok
Deal Type Divestiture

Target Company

PokitDok - Intellectual Property & Other Key Assets

San Mateo, California, United States
PokitDok, Inc. - Intellectual Property & Other Key Assets includes DokChain technology, expertise, and toolsets to provide even more advanced blockchain capabilities in the Change Healthcare Intelligent Healthcare Network.
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Buyer Overview 1

Buyer

Change Healthcare

Nashville, Tennessee, United States

Category Company
Founded 2007
Sector Information Technology
Employees15,000
Revenue 3.1B USD (2021)
DESCRIPTION

Change Healthcare is a provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Change Healthcare’s product and service offerings integrate and automate key business and administrative functions for healthcare payers and healthcare providers throughout the patient encounter, including pre-care patient eligibility and benefits verification, clinical exchange capabilities, claims management and adjudication, payment integrity, payment distribution, payment posting and denial management, and patient billing and payment processing. Change Healthcare was founded in 2007 and is based in Nashville, Tennessee.


Deal Context for Buyer #
Overall 17 of 21
Sector: Software 2 of 3
Type: Divestiture 6 of 8
State: California 3 of 4
Country: United States 17 of 21
Year: 2018 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Change Healthcare - Home Care and Hospice Solutions

Nashville, Tennessee, United States

Change Healthcare, Inc. - Home Care and Hospice Solutions is a provider of health information exchange (HIE), analytics, referral management and mobility solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Connect America - Patient Access Services

Broomall, Pennsylvania, United States

Connect America LLC's Patient Access Services provides automated appointment scheduling, after-hours call answering, insurance pre-authorization, post-discharge follow-up, and other patient communication services.

Buy -

Seller Profile 1

SELLER

PokitDok

San Mateo, California, United States

Category Company
Founded 2011
Sector Software
DESCRIPTION

PokitDok is a provider of software development platform to free, secure, and unify data that drives the business of healthcare. Its API endpoints facilitate eligibility checks, claims submissions, appointment scheduling, payment optimization, patient identity management, pharmacy benefits, and other business processes. PokitDok maintains Trading Partner agreements with more than 500 health insurers and payers, representing 93 percent of members across the US.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Oration PBC

Foster City, California, United States

Oration focuses on enabling large self Insured employers and state payers such as Medicaid to manage their healthcare spend which is the only tractable way to influence and pressure the healthcare industry to optimize the delivery system.

Buy -