M&A Deal Summary

Verisys Acquires Med Advantage

On July 19, 2021, Verisys acquired business services company Med Advantage from Advantum Health

Acquisition Highlights
  • This is Verisys’ 1st transaction in the Business Services sector.
  • This is Verisys’ 3rd transaction in the United States.
  • This is Verisys’ 1st transaction in Florida.

M&A Deal Summary

Date 2021-07-19
Target Med Advantage
Sector Business Services
Buyer(s) Verisys
Sellers(s) Advantum Health
Deal Type Divestiture

Target

Med Advantage

Orlando, Florida, United States
MedAdvantage is a provider of enrollment and credentialing verification organizations. The company had transacted more than 3 million applications on behalf of managed care companies, insurance companies, hospitals, independent physician associations, and other healthcare organizations. It does not serve consumers inquiring about local physicians and healthcare organizations. MedAdvantage was formed in 1993 and is based in Orlando, Florida.

Search 214,239 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

Verisys

Louisville, Kentucky, United States

Category Company
Founded 1992
Sector Information Technology
DESCRIPTION

Verisys provides a comprehensive cloud-based technology platform of data, analytics, and services that supports enterprise-wide compliance in the U.S. healthcare industry. Verisys protects healthcare consumers by enforcing competency and regulatory compliance, system integrity, and patient safety through transparency. Verisys was founded in 1992 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Aperture Health

Louisville, Kentucky, United States

Aperture Health makes comprehensive provider data management easy. Aperture Health helps health plans, health systems, and state Medicaid agencies improve provider data quality, build and manage provider networks, and publish and maintain provider directories. Aperture Health was founded in 2001 and is based in Louisville, Kentucky.

Buy -

Seller(S) 1

SELLER

Advantum Health

Louisville, Kentucky, United States

Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

Advantum Health is a provider of comprehensive revenue cycle solutions including billing, credentialing, prior-authorization, consulting services, and intuitive analytic dashboards. Advantum Health was founded in 1996 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida 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
2018-03-06 Med Advantage

Orlando, Florida, United States

MedAdvantage is a provider of enrollment and credentialing verification organizations. The company had transacted more than 3 million applications on behalf of managed care companies, insurance companies, hospitals, independent physician associations, and other healthcare organizations. It does not serve consumers inquiring about local physicians and healthcare organizations. MedAdvantage was formed in 1993 and is based in Orlando, Florida.

Buy -