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  6. Machinify Acquires Performant Healthcare

M&A Deal Summary

Machinify Acquires Performant Healthcare

On August 1, 2025, Machinify acquired business services company Performant Healthcare for 670M USD

Acquisition Highlights
  • This is Machinify’s 1st transaction in the Business Services sector.
  • This is Machinify’s largest (disclosed) transaction.
  • This is Machinify’s 2nd transaction in the United States.
  • This is Machinify’s 1st transaction in Florida.

M&A Deal Summary
Date 2025-08-01
Target Performant Healthcare
Sector Business Services
Buyer(s) Machinify
Deal Type Add-on Acquisition
Deal Value 670M USD
Advisor(s) Truist Securities (Financial)
Pillsbury Winthrop Shaw Pittman (Legal)

Target

Performant Healthcare

Plantation, Florida, United States
Performant Healthcare is a provider of business recovery solutions for government obligations in student loans, taxes, non-tax federal debts, and healthcare. Performant Healthcare was founded in 1976 and is based in Plantation, Florida.

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Buyer(S) 1

Buyer

Machinify

Palo Alto, California, United States
Category Company
Founded 2016
Sector Software
DESCRIPTION

Machinify provides artificial intelligence (AI)-powered software transforming healthcare payments. Machinify was founded in 2016 and is based in Palo Alto, California.

DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-10 Rawlings

La Grange, Kentucky, United States

Rawlings is a technology-enabled coverage analytics provider that delivers savings for its health insurance clients by identifying liable third parties responsible for paying medical claims across its subrogation, coordination of benefits, and drug claim payment integrity offerings. Rawlings was formed in 1977 and is based in La Grange, Kentucky.

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