Add-on Acquisition • Internet Software and Services

Zelis Healthcare Acquires Sapphire Digital

On September 14, 2021, Zelis Healthcare acquired internet software and services company Sapphire Digital

Acquisition Context
  • This is Zelis Healthcare’s 1st transaction in the Internet Software and Services sector.
  • This is Zelis Healthcare’s 6th transaction in the United States.
  • This is Zelis Healthcare’s 2nd transaction in New Jersey.

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M&A Deal Summary

Date September 14, 2021
Target Sapphire Digital
Sector Internet Software and Services
Buyer(s) Zelis Healthcare
Deal Type Add-on Acquisition
Advisor(s) Triple Tree (Financial)
Lowenstein Sandler (Legal)

Target Company

Sapphire Digital

Lyndhurst, New Jersey, United States
Sapphire Digital is a proprietary provider database to create an online portal that provides detailed information, quality metrics, and patient reviews for most physicians in the United States. Sapphire Digital was founded in 2007 and is based in Lyndhurst, New Jersey.
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Buyer Overview 1

Buyer

Zelis Healthcare

Boston, Massachusetts, United States

Category Company
Founded 1995
Sector Information Technology
DESCRIPTION

Zelis Healthcare is a healthcare information technology company and market-leading provider of end-to-end healthcare claims cost management and payments solutions including network solutions, claims integrity and electronic payments serving healthcare payer clients, healthcare providers and healthcare consumers in the medical, dental and workers' compensation markets nationwide. Zelis Healthcare was founded in 1995 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 6 of 9
Sector: Internet Software and Services 1 of 2
Type: Add-on Acquisition 5 of 7
State: New Jersey 2 of 2
Country: United States 6 of 9
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 RedCard

St. Louis, Missouri, United States

RedCard is a provider of claims communications, payments and enrollment technology and solutions to healthcare payors, providers and members. RedCard was founded in 2006 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Payer Compass

Plano, Texas, United States

Payer Compass is a developer of software platform VISIUM a purpose-built healthcare pricing engine and contract management system focused on addressing the complexities of Medicare, Medicaid, and Commercial claims pricing. Payer Compass was founded in 2013 and is based in Plano, Texas.

Buy -