M&A Deal Summary

Valenz Acquires Healthcare Bluebook

On July 11, 2024, Valenz acquired information services company Healthcare Bluebook from Primus Capital

Acquisition Highlights
  • This is Valenz’s 1st transaction in the Information Services sector.
  • This is Valenz’s 8th transaction in the United States.
  • This is Valenz’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2024-07-11
Target Healthcare Bluebook
Sector Information Services
Buyer(s) Valenz
Sellers(s) Primus Capital
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)
Debevoise & Plimpton
Goodwin Procter (Legal)

Target

Healthcare Bluebook

Nashville, Tennessee, United States
Healthcare Bluebook is an independent provider of healthcare price and quality transparency solutions. The company helps people save money on healthcare by showing them pricing and quality differences for common procedures at facilities in their area charges that can vary by 2X to 10X. Healthcare Bluebook was founded in 2007 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Valenz

Phoenix, Arizona, United States

Category Company
Founded 2004
Sector Business Services
DESCRIPTION

Valenz simplifies the complexities of self-insurance for employers through a steadfast commitment to data transparency and decision enablement powered by its Healthcare Ecosystem Optimization Platform. Offering a strong foundation with deep roots in clinical and member advocacy, alongside decades of expertise in the validation, integrity, and accuracy of claims, and a suite of risk affinity solutions, the company optimizes healthcare for the provider, payer, plan, and member. By leveraging data transparency and delivering an omnichannel approach across the healthcare journey, it improves cost, quality, and outcomes for employers and their members engaging early and often for smarter, better, faster healthcare. Valenz was formed in 2004 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 8 of 8
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (Tennessee) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 KISx Card

Mechanicsburg, Pennsylvania, United States

KISx Card provides self-funded plans with simplified member access to high-quality, direct-provider “non-network” solutions and care navigation for many high-spend surgical and imaging encounters. KISx Card is based in Mechanicsburg, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Primus Capital

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 46 of 46
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 28 of 28
State (Tennessee) 4 of 4
Country (United States) 45 of 45
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 MDaudit

Waltham, Massachusetts, United States

MDaudit is a provider of consulting services and billing and compliance audit software for university-based, non-profit, mission-based and for-profit hospitals and physician practices across the U.S. In its consulting services practice, Hayes provides clinical/IT consulting, revenue cycle management and strategic consulting services to leading healthcare organizations in the U.S. MDaudit was formed in 1993 and is based in Waltham, Massachusetts.

Sell -