M&A Deal Summary

Simplify Healthcare Acquires Virtical.ai

On June 24, 2024, Simplify Healthcare acquired information technology company Virtical.ai

Acquisition Highlights
  • This is Simplify Healthcare’s 1st transaction in the Information Technology sector.
  • This is Simplify Healthcare’s 1st transaction in the United States.
  • This is Simplify Healthcare’s 1st transaction in New York.

M&A Deal Summary

Date 2024-06-24
Target Virtical.ai
Sector Information Technology
Buyer(s) Simplify Healthcare
Deal Type Add-on Acquisition

Target

Virtical.ai

Buffalo, New York, United States
Virtical.ai is an Artificial Intelligence (AI) company that securely trains industry models to enable greater efficiency, accuracy, and personalization across the enterprise. Virtical.ai is based in Buffalo, New York.

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Buyer(S) 1

Buyer

Simplify Healthcare

Aurora, Illinois, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Simplify Healthcare powers connected benefits and provider journeys for Payers through a scalable, enterprise-grade, secure, compliant, and configurable cloud-based software platform — Simplify Health Cloud. Packaged on its Simplify Health Cloud: Benefits1, Provider1, Service1, Claims1, and Experience1 provides Payers with discrete and precise solutions to complex problems and opportunities in delivering products, benefits, and provider data. It also enables Payers to build enterprise solutions with speed and innovation on a configurable, secure, and low-code application development platform Simplify App Fabric. Simplify Healthcare is based in Aurora, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1