M&A Deal Summary

Trend Health Partners Acquires PrecisionGx

On October 23, 2023, Trend Health Partners acquired information technology company PrecisionGx

Acquisition Highlights
  • This is Trend Health Partners’ 1st transaction in the Information Technology sector.
  • This is Trend Health Partners’ 1st transaction in the United States.
  • This is Trend Health Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2023-10-23
Target PrecisionGx
Sector Information Technology
Buyer(s) Trend Health Partners
Deal Type Add-on Acquisition

Target

PrecisionGx

Philadelphia, Pennsylvania, United States
PrecisionGx is a provider of next-generation artificial intelligence (“AI”) and machine learning (“ML”) solutions to improve payment accuracy in healthcare. PrecisionGx was founded in 2015 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

Trend Health Partners

Hunt Valley, Maryland, United States
Category Company
Founded 2018
Sector Information Technology
DESCRIPTION

Trend Health Partners is an independent healthcare payment integrity company. Through a suite of technology-enabled credit balance management and payment accuracy solutions, TREND facilitates collaboration between providers and payers for mutual benefit, striving to eliminate waste, reduce costs, and enhance healthcare access. Trend Health Partners was founded in 2018 and is based in Hunt Valley, Maryland.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-15 Advent Health Partners

Nashville, Tennessee, United States

Advent Health Partners is a healthcare technology company that optimizes the clinical review process. Serving as a strategic partner to hospitals and health plans nationwide, the company's AI-driven platform identifies and standardizes clinical attributes from itemized bills and medical records, expediting critical information presentation and ensuring timely and appropriate reimbursement. Advent Health Partners is based in Nashville, Tennessee.

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