Comprehensive M&A data with integrated detailed company information
Premier to buy Stanson
Posted on Tuesday, 06 November 2018 15:58
Healthcare improvement business Premier is buying Stanson Health, a software-based provider of clinical decision support (CDS), for USD 66.50 million.
The purchase price comprises USD 51.50 million in cash, as well as an additional earn-out sum of USD 15.00 million, dependent on the company achieving product delivery and revenue targets.
Susan Devore, chief executive of Premier, said: “This strategically significant acquisition complements our core data and analytics offerings and enables us to expand the reach of our solutions directly to the point of care, where they can have the biggest impact.”
She adds that the purchase gains the buyer access to Stanson’s CDS tools, which will allow the company to provide safe, evidence-based recommendations for medical and pharmacy benefits, while reducing the time-consuming process of prior authorisation for patients.
The acquisition, which is expected to be accretive in the upcoming years, is slated to complete in the second quarter of 2018.
Stanson claims to be the leading provider of clinical process improvement services that are integrated into electronic health records (EHR), providing real-time information and healthcare recommendations for patients.
Formed in 2013, with over 300 healthcare facilities, Its CDS and analytic tools can be used on EHR platforms such as Epic, Cerner, and Athenahealth, which help to improve value and functionality for businesses.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 1,759 deals targeting health care and social assistance, and offices of other health practitioners announced worldwide since the beginning of 2018.
Of the top five companies targeted, three were US-based, the largest of which featured KKR Americas Fund buying Envision Healthcare for USD 9.90 billion.
Premier claims to be an industry leading business specialising in compiling databases of actionable data and clinical best practices for clients to improve the performance of healthcare organisations.
It has a network of over 4,000 member hospitals and health systems, and posted revenue of USD 401.50 million in its first financial quarter ending 30th September 2018, up from USD 390.60 million 12 months earlier.
© Zephus Ltd