M&A Deal Summary

Cloudmed Acquires CloudMed Solutions

On June 22, 2018, Cloudmed acquired information technology company CloudMed Solutions

Acquisition Highlights
  • This is Cloudmed’s 3rd transaction in the Information Technology sector.
  • This is Cloudmed’s 4th transaction in the United States.
  • This is Cloudmed’s 1st transaction in Arizona.

M&A Deal Summary
Date 2018-06-22
Target CloudMed Solutions
Sector Information Technology
Buyer(s) Cloudmed
Deal Type Add-on Acquisition

Target

CloudMed Solutions

Chandler, Arizona, United States
CloudMed Solutions is a provider of automated DRG review solution, with a full turnkey offering combining technology and specialist auditors in order to perform a full review of all provider data to identify, investigate, and document opportunities for additional DRG-based reimbursement in an efficient, compliance-focused manner. CloudMed Solutions was founded in 2015 and is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

Cloudmed

Atlanta, Georgia, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Cloudmed is a national provider of technology-enabled revenue integrity and recovery solutions and revenue cycle consulting services for healthcare providers. Cloudmed serves over 1,500 healthcare organizations in the U.S. and helps recover over $150 million of underpaid or unidentified revenue for its clients annually. The company’s services include transfer DRG, revenue recovery, DRG validation, zero balance underpayment recovery, revenue cycle consulting, and interim management services, offering a full revenue integrity “safety net” for all types of healthcare provider organizations.

DEAL STATS #
Overall 4 of 7
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 4 of 7
State (Arizona) 1 of 1
Country (United States) 4 of 7
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-22 AcuStream

Lafayette, Colorado, United States

AcuStream, Inc. is a provider of charge capture solutions, utilizing a rules-based engine to identify missed and unbilled charges in existing patient data and helping to recover that incremental revenue on behalf of its provider clients. AcuStream, Inc. was founded in 2007 and is based in Lafayette, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 Payment Partners

Irvine, California, United States

Payment Partners, Inc. is a provider of worker’s compensation claim reimbursement services. Payment Partners is based in Irvine, California.

Buy -
Mergr

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