1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. California >
  6. Transworld Systems Acquires Performant Financial - Certain Assets

M&A Deal Summary

Transworld Systems Acquires Performant Financial - Certain Assets

On May 24, 2021, Transworld Systems acquired business services company Performant Financial - Certain Assets from Performant Healthcare

Acquisition Highlights
  • This is Transworld Systems’ 4th transaction in the Business Services sector.
  • This is Transworld Systems’ 5th transaction in the United States.
  • This is Transworld Systems’ 1st transaction in California.

M&A Deal Summary
Date 2021-05-24
Target Performant Financial - Certain Assets
Sector Business Services
Buyer(s) Transworld Systems
Sellers(s) Performant Healthcare
Deal Type Divestiture

Target

Performant Financial - Certain Assets

Livermore, California, United States
Performant customer assets will allow expanding government, healthcare revenue cycle management, and financial services collection business.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Transworld Systems

Fort Washington, Pennsylvania, United States
Category Company
Sector Business Services
DESCRIPTION

Transworld Systems is a provider of technology-enabled Business Process Outsourcing (BPO) and Accounts Receivable Management (ARM) in North America. Transworld Systems is based in Fort Washington, Pennsylvania.

DEAL STATS #
Overall 5 of 7
Sector: Business Services M&A 4 of 4
Type: Divestiture M&A Deals 4 of 4
State: California M&A 1 of 1
Country: United States M&A 5 of 7
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 Alltran Financial

Houston, Tennessee, United States

Alltran Financial LP is a provider of financial services. Alltran Financial was founded in 2004 and is based in Houston, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-04 ACT

Kings Mills, Ohio, United States

ACT offers debt management and collection services. ACT provides client and account holder, proprietary skip tracing, default prevention and aversion, and timed collection notice services. ACT was founded in 1990 and is based in Kings Mills, Ohio.

Buy -

Seller(S) 1

SELLER

Performant Healthcare

Plantation, Florida, United States
Category Company
Founded 1976
Sector Business Services
Employees964
Revenue 123M USD (2024)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California 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
2015-01-28 Premier Healthcare Exchange

Bedminster, New Jersey, United States

Premier Healthcare Exchange, Inc. is a provider of advanced network and cost management solutions for health plans that combine claim processing automation with professional services to deliver a timely, centralized approach to healthcare cost management.

Buy $130M
Mergr

Solution for

Product

Company

Legal