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  6. Cloudmed Acquires par8o

M&A Deal Summary

Cloudmed Acquires par8o

On December 15, 2021, Cloudmed acquired software company par8o

Acquisition Highlights
  • This is Cloudmed’s 1st transaction in the Software sector.
  • This is Cloudmed’s 8th transaction in the United States.
  • This is Cloudmed’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-12-15
Target par8o
Sector Software
Buyer(s) Cloudmed
Deal Type Add-on Acquisition

Target

par8o

Boston, Massachusetts, United States
par8o is a provider of referral management software is designed with an easy and intuitive interface that ensures quick adoption by providers and staff across all offices and access centers. par8o was founded in 2011 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Cloudmed

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

Cloudmed provides Revenue Intelligence solutions for healthcare providers in the United States and recovers over $1.5 billion of underpaid or unidentified revenue for its clients annually. Its revenue intelligence platform combines cloud-based data architecture and deep domain expertise with intelligent automation to analyze large volumes of medical records, payment data, and complex medical insurance models to identify opportunities to deliver additional revenue to customers. Cloudmed is based in Atlanta, Georgia.

DEAL STATS #
Overall 8 of 8
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 8
State: Massachusetts M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-18 Praxis Healthcare Solutions

Plano, Texas, United States

Praxis Healthcare Solutions LLC is a provider of revenue recovery and denials management services. Praxis Healthcare Solutions is based in Plano, Texas.

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