MedAssets-Precyse has acquired Utah based healthcare analytics and consulting company Equation for an undisclosed sum. The acquisition will help MedAssets-Precyse enhanced its end-to-end healthcare financial and clinical business intelligence and analytics solution for the healthcare enterprise. Equation healthcare organizations with the analytic tools and consulting expertise to gain insights to improve healthcare delivery and patient satisfaction while strengthening financial and budgetary performance.
Integration Details & Benefits
The company’s flagship product, DataRiver™ provides hospitals, healthcare systems, and physician practice groups with financial and clinical visibility into their organization to improve care, increase quality, and reduce cost. The integration of Equation’s technology and analytics expertise with combined with MedAssets-Precyse existing analytics platform, will create a powerful new enterprise solution.
Additionally, the acquisition the merges MedAssets-Precyse revenue cycle management, health information management, and now Equation’s data analytics capabilities into one comprehensive, patient to payment healthcare solution. These capabilities will provide healthcare organizations with the advanced analytics and actionable insights necessary to achieve better patient outcomes at reduced cost across the continuum of care as well as empower existing MedAssets-Precyse technology, services, consulting and education.
“Equation is excited to combine our DataRiver™ analytics platform and consulting services with the MedAssets-Precyse solutions platform,” explained Trevor Kobe, Equation President and CEO. “We are now ideally positioned to expand our clinical and financial analytics-based solutions to further advance clinical quality, service, and affordability for healthcare organizations big and small. This new enterprise offering will remove the guess work by providing users with the end-to-end views necessary for better decision making across all segments of the healthcare organization.”
MedAssets-Precyse plans to launch the new integrated brand at the upcoming HFMA ANI conference. Simpson Thatcher & Bartlett LLP acted as legal counsel to MedAssets-Precyse and Pamplona Capital Management on the transaction.
