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  6. CrossBridge Acquires Geisinger Health System - Patient Centric Electronic Redesign

M&A Deal Summary

CrossBridge Acquires Geisinger Health System - Patient Centric Electronic Redesign

On July 13, 2021, CrossBridge acquired software company Geisinger Health System - Patient Centric Electronic Redesign from Geisinger

Acquisition Highlights
  • This is CrossBridge’s 1st transaction in the Software sector.
  • This is CrossBridge’s 1st transaction in the United States.
  • This is CrossBridge’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-07-13
Target Geisinger Health System - Patient Centric Electronic Redesign
Sector Software
Buyer(s) CrossBridge
Sellers(s) Geisinger
Deal Type Divestiture

Target

Geisinger Health System - Patient Centric Electronic Redesign

Danville, Pennsylvania, United States
Geisinger's Patient-Centric Electronic Redesign (PACER) patient monitoring and clinical workflow software capture and analyzes data from patients, care providers, and the electronic health record to improve communication, patient care, and health outcomes. PACER is the only rheumatology software program that has improved care on a population level, according to a published analysis of 2,600 patients with rheumatoid arthritis.

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Buyer(S) 1

Buyer

CrossBridge

Wayne, Pennsylvania, United States
Category Company
Sector Software
DESCRIPTION

CrossBridge is a data, analytics, and software development firm dedicated to improving outcomes and lowering the cost of treating patients with chronic inflammatory diseases. CrossBridge platform increases patient access and engagement while lowering the total cost of care. CrossBridge is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Geisinger

Danville, Pennsylvania, United States
Category Company
Founded 1915
Sector Healthcare Services
DESCRIPTION

Geisinger is an integrated health services organization widely recognized for its innovative use of the electronic health record, and the development and implementation of innovative care models including ProvenHealth Navigator, an advanced medical home model, and ProvenCare program. Geisinger was founded in 1915 and is based in Danville, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Susquehanna Valley Imaging Center

Lewisburg, Pennsylvania, United States

Susquehanna Valley Imaging Center is a provider of healthcare services.

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