What You Should Know:
– emids – a leader in digital engineering and transformation solutions for the healthcare and life sciences industries – today announced the acquisition of Nevada-based FlexTech, a payer IT consulting firm recognized by KLAS as a category leader.
– The FlexTech deal will drive expanded channel partnership opportunities for emids among leading core platform vendors and position emids as the go-to partner for advancing adoption of new digital business models.
emids, a Nasvhille, TN-based provider of digital engineering and transformation solutions to the healthcare and life sciences industry, today announced it has acquired FlexTech, an Incline Village, NV-based information technology consulting company with deep expertise in leading payer core administration and population health platforms, in a deal that closed late last month. The partnership, driven by heightened urgency for health plans to adopt breakthrough digital-based strategies, enhances emids’ ability to help its clients accelerate their digital transformation journeys.
Acquisition Benefits for emids
The acquisition is part of emids’ purposeful growth plan and comes on the heels of a strategic equity investment earlier this year from the Blue Venture Fund, a majority investment last fall from New Mountain Capital. The FlexTech deal will drive expanded channel partnership opportunities for emids among leading core platform vendors and position emids as the go-to partner for advancing the adoption of new digital business models. FlexTech, a KLAS 2020 category leader in payer IT consulting services, brings a proven and experienced team of 120+ subject matter experts, each with an average 20 years of experience in managed care, core administration and population health platforms, and strong partner relationships with the leading healthcare payer technology vendors.
“The need for deep domain expertise combined with digital transformation capabilities is vital as our payer and ‘payvider’ clients expand their government-sponsored business lines, and we’re excited to bring our clients the proven payer platform expertise that FlexTech has built over 30+ years, delivering more than 250 core platform implementation programs,” said emids Founder and CEO Saurabh Sinha.
Financial details of the acquisition were not disclosed.