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OptumHealth acquires naviHealth
Posted on Thursday, 21 May 2020 15:33
Healthcare-focused technology firm OptumHealth has completed the acquisition of post-acute care management software developer naviHealth.
No financial details of the transaction have been disclosed.
Med City News reported on the deal, saying the acquiror had confirmed an earlier report on the takeover by the Nashville Business Journal in an emailed statement.
It quoted the company as saying that combining the pair’s strengths will enable them to respond to increased demand for care coordination for patients with complex health conditions.
naviHealth was sold by Clayton, Dubilier & Rice, the private equity firm which agreed to buy a stake in the business for an undisclosed consideration in June 2018.
The target will continue to operate as a standalone business and will be led by its existing management team.
Tennessee-headquartered naviHealth was established in 2011 and makes technology designed to track patient recovery, manage hospital discharges, reduce readmissions and support clinical decision making.
It partners with health plans, hospital systems, at-risk physician groups and other healthcare providers to manage post-acute care.
Zephyr, the M&A database published by Bureau van Dijk, shows the most valuable deal targeting a software publisher to have been announced worldwide since the beginning of 2020 is worth USD 5.00 billion.
That deal saw Insight Holdings pick up Cayman Islands-based Veeam Software Holdings in a deal which closed in March.
It was followed by the USD 2.00 billion purchase of US-headquartered Compuware by BMC Software. The transaction was announced on 2nd March and was expected to close within a few months.
Other companies in the sector to have been targeted this year include ForeScout Technologies, Engineering Ingegneria Informatica and RIB Software.
© Zephus Ltd