M&A Deal Summary

Inovalon Acquires Creehan

On September 22, 2016, Inovalon acquired internet software and services company Creehan for 105M USD

Acquisition Highlights
  • This is Inovalon’s 1st transaction in the Internet Software and Services sector.
  • This is Inovalon’s 3rd largest (disclosed) transaction.
  • This is Inovalon’s 3rd transaction in the United States.
  • This is Inovalon’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2016-09-22
Target Creehan
Sector Internet Software and Services
Buyer(s) Inovalon
Deal Type Add-on Acquisition
Deal Value 105M USD

Target

Creehan

Canonsburg, Pennsylvania, United States
Creehan & Co., Inc. is an independent provider of specialty pharmacy and specialty medications management software-as-a-service (SaaS) platforms.

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Buyer(S) 1

Buyer

Inovalon

Bowie, Maryland, United States
Category Company
Founded 1998
Sector Information Technology
Employees2,500
Revenue 668M USD (2020)
DESCRIPTION

Inovalon is a provider of cloud-based platforms empowering data-driven healthcare. Through the Inovalon ONE Platform, the company brings to the marketplace a national-scale capability to interconnect with the healthcare ecosystem, aggregate and analyze data in real-time, and empower the application of resulting insights to drive meaningful impact at the point of care. Inovalon was founded in 1998 and is based in Bowie, Maryland.

DEAL STATS #
Overall 3 of 6
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 3 of 6
State (Pennsylvania) 1 of 1
Country (United States) 3 of 6
Year (2016) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Avalere Health

Washington, District of Columbia, United States

Avalere Health is a healthcare consulting and advisory firm. Avalere partners with leading life sciences companies, health plans, providers, and investors to bring innovative, data-driven solutions to complex healthcare challenges. Avalere Health was founded in 2000 and is based in Washington, District of Columbia.

Buy $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-01 ComplexCare Solutions

New York, New York, United States

ComplexCare Solutions (CCS) is a New York-based health services company with service centers in New York, Tennessee, and Puerto Rico. ComplexCare specializes in face-to-face services for Medicare Advantage, Managed Long Term Care (MLTC), Medicaid, SNP, and commercial plan members. CCS is focused on integrating the continuum of care for complex, frail, elderly, special needs, and dually-eligible individuals.

Buy -
Mergr

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