1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Massachusetts >
  6. Claritev Acquires Benefits Science Technologies

M&A Deal Summary

Claritev Acquires Benefits Science Technologies

On May 9, 2023, Claritev acquired information technology company Benefits Science Technologies for 160M USD

Acquisition Highlights
  • This is Claritev’s 3rd transaction in the Information Technology sector.
  • This is Claritev’s largest (disclosed) transaction.
  • This is Claritev’s 5th transaction in the United States.
  • This is Claritev’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2023-05-09
Target Benefits Science Technologies
Sector Information Technology
Buyer(s) Claritev
Deal Type Add-on Acquisition
Deal Value 160M USD
Advisor(s) Truist Securities (Financial)
Latham & Watkins (Legal)

Target

Benefits Science Technologies

Boston, Massachusetts, United States
Benefits Science Technologies is a next generation data and advanced analytics company that combines modern data science, including machine learning and artificial intelligence (“AI”), with deep expertise in healthcare to deliver solutions that reduce the cost of care and improve health outcomes. Benefits Science Technologies was formed in 2012 and is based in Boston, Massachusetts.

Search 214,600 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Claritev

McLean, Virginia, United States
Category Company
Founded 1980
Sector Information Technology
Employees2,700
Revenue 931M USD (2024)
DESCRIPTION

Claritev is a provider of technology-enabled healthcare cost management solutions. Claritev provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse, and fraud before payments are made. Claritev was founded in 1980 and is based in McLean, Virginia.

DEAL STATS #
Overall 5 of 6
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 5
State: Massachusetts M&A 2 of 2
Country: United States M&A 5 of 6
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Discovery Health Partners

Itasca, Illinois, United States

Discovery Health Partners is an analytics and technology company offering healthcare revenue and payment integrity services. Discovery offers a unique combination of deep healthcare expertise and analytics-powered technology solutions to help our clients improve operational efficiency, achieve financial integrity, and generate measurable results. Discovery Health Partners was founded in 2008 and is based in Itasca, Illinois.

Buy $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-27 Klaim

New York, New York, United States

Klaim is a healthcare-fintech company that enables healthcare providers to accelerate insurance reimbursements and improve cash flow predictability through proprietary AI-powered funding technology. Klaim is based in New York, New York.

Buy -
Mergr

Solution for

Product

Company

Legal