M&A Deal Summary

Health Catalyst Acquires Twistle

On June 24, 2021, Health Catalyst acquired information technology company Twistle from Health Enterprise Partners

Acquisition Highlights
  • This is Health Catalyst’s 4th transaction in the Information Technology sector.
  • This is Health Catalyst’s 5th transaction in the United States.
  • This is Health Catalyst’s 1st transaction in New Mexico.

M&A Deal Summary
Date 2021-06-24
Target Twistle
Sector Information Technology
Buyer(s) Health Catalyst
Sellers(s) Health Enterprise Partners
Deal Type Add-on Acquisition

Target

Twistle

Albuquerque, New Mexico, United States
Twistle is a healthcare technology company that helps organizations deliver personalized care to patients in their homes by automating everything from routine communication to information gathering and education activities, saving time for care teams while improving outcomes. Twistle was founded in 2011 and is based in Albuquerque, New Mexico.

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Buyer(S) 1

Buyer

Health Catalyst

South Jordan, Utah, United States
Category Company
Founded 2008
Sector Information Technology
Employees1,300
Revenue 296M USD (2023)
DESCRIPTION

Health Catalyst is a data warehousing, analytics, and outcomes-improvement company that helps healthcare organizations of all sizes perform the clinical, financial, and operational reporting and analysis needed for population health and accountable care. Health Catalyst was founded in 2008 and is based in South Jordan, Utah.

DEAL STATS #
Overall 5 of 10
Sector (Information Technology) 4 of 8
Type (Add-on Acquisition) 4 of 9
State (New Mexico) 1 of 1
Country (United States) 5 of 10
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 Vitalware

Yakima, Washington, United States

Vitalware is a mid-cycle revenue SaaS solutions provider, specializing in Health-IT applications aimed at making the business of healthcare easier through its intuitive cloud-based technologies and regulatory content expertise. With nearly 1,000 hospitals on its client roster, Vitalware’s product portfolio is the healthcare industry’s best solution for providing visibility and continuity in chargemaster management, pricing transparency, charge capture, and regulatory code references. Vitalware was formed in 2011 and is based in Yakima, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 KPI Ninja

Lincoln, Nebraska, United States

KPI Ninja is a provider of interoperability solutions and population health analytics. The Company's platform is aligned to initiatives led by CMS, ONC, NCQA, including holding NCQA's Data Aggregator Validation (DAV) Certified Data Partner status, eCQM Certification, Measure Certification for HEDIS® Health Plan 2021, PCMH and PCSP Prevalidations, ONC Health IT Certification and is an eHealth Exchange Validated Product - demonstrating the commitment to serving as a trusted brand. KPI Ninja was founded in 2014 and is based in Lincoln, Nebraska.

Buy -

Seller(S) 1

SELLER

Health Enterprise Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 425M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.

DEAL STATS #
Overall 17 of 23
Sector (Information Technology) 6 of 7
Type (Add-on Acquisition) 14 of 19
State (New Mexico) 1 of 1
Country (United States) 17 of 23
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-02 AxiaMed

Santa Barbara, California, United States

AxiaMed is a healthcare financial technology company specializing in payment integration and security. AxiaMed’s integrated payments technology platform, Payment Fusion, improves the financial performance of healthcare providers through integration with various revenue cycle, practice management, EHRs, and other software systems, enhancing interoperability and payment options across the entire ecosystem of healthcare payments between patients, providers and payers. AxiaMed is based in Santa Barbara, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 CenterPointe Hospital

Brentwood, Tennessee, United States

CenterPointe Behavioral Health System LLC owns and operates freestanding psychiatric hospitals, outpatient behavioral programs, and other psychiatric specialty programs in multiple states including Missouri, Illinois, and Minnesota. CenterPointe Behavioral Health System is based in Brentwood, Tennessee.

Sell -
Mergr

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