M&A Deal Summary

Change Healthcare Acquires PROMETHEUS Analytics

On August 26, 2020, Change Healthcare acquired information technology company PROMETHEUS Analytics from Altarum

Acquisition Highlights
  • This is Change Healthcare’s 7th transaction in the Information Technology sector.
  • This is Change Healthcare’s 21st transaction in the United States.
  • This is Change Healthcare’s 1st transaction in Michigan.

M&A Deal Summary
Date 2020-08-26
Target PROMETHEUS Analytics
Sector Information Technology
Buyer(s) Change Healthcare
Sellers(s) Altarum
Deal Type Divestiture

Target

PROMETHEUS Analytics

Ann Arbor, Michigan, United States
PROMETHEUS Analytics is a provider of reimbursement approach based on medical episodes of care, used by payer-provider collaborations nationwide, uniquely providing a fair and realistic blueprint for value-based payments.

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Buyer(S) 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. Emdeon’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 STATS #
Overall 21 of 21
Sector (Information Technology) 7 of 7
Type (Divestiture) 8 of 8
State (Michigan) 1 of 1
Country (United States) 21 of 21
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-18 NucleusHealth

San Diego, California, United States

NucleusHealth LLC is a provider in the development of advanced, fully enabled, cloud-native imaging, and workflow technology. Nucleus.io’s state-of-the-art, cloud-native imaging technology, including a zero-footprint diagnostic viewer with patented streaming technology, workflow and image sharing solutions. NucleusHealth was established in 1996 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Change Healthcare - ANSOS Staff Scheduling

Nashville, Tennessee, United States

Change Healthcare's ANSOS Staff Scheduling is an enterprise solution for healthcare providers that want to anticipate workload requirements, manage labor costs, apply complex work rules, and meet credential requirements for shifts all for the purpose of optimizing staff deployment. It is used by over 300 hospitals and health systems and continues to be recognized as a market leader in nurse and staff scheduling by KLAS.

Sell $68M

Seller(S) 1

SELLER

Altarum

Ann Arbor, Michigan, United States
Category Company
Sector Information Technology
DESCRIPTION

Altarum is a nonprofit organization that creates and implements solutions to advance health among vulnerable and publicly insured populations. Altarum is based in Ann Arbor, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
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