Definitive Healthcare, which is backed by Spectrum Equity, has acquired HIMSS Analytics, a provider of healthcare data. No financial terms were disclosed. Colonnade Securities was financial adviser to HIMSS Analytics on the transaction.
FRAMINGHAM, MA – January 16, 2019 – Definitive Healthcare, the leading provider of data, intelligence, and analytics on the healthcare provider market, announced today that it has acquired the data services business and assets of HIMSS Analytics, which includes the Logic, Predict, Analyze and custom research products. Today’s acquisition builds on the Company’s articulated growth strategy to deliver the most reliable and consistent view of healthcare data and analytics available in the market.
“HIMSS Analytics has developed an extraordinarily powerful dataset including technology install data and purchasing contracts among other leading intelligence that, when combined with Definitive Healthcare’s proprietary healthcare provider data, will create a truly best-in-class solution for our client base,” said Jason Krantz, Founder and CEO of Definitive Healthcare.
Definitive Healthcare and HIMSS Analytics harness more than 20 years of experience in data collection through exclusive methodologies that have resulted in deep healthcare data expertise.
With this acquisition, Definitive Healthcare further bolsters its leading market intelligence platform, which already helps thousands of customers successfully engage with healthcare providers and advance industry efficiencies and best practices.
“We identified Definitive Healthcare as the ideal strategic buyer early in the process,” says Blain Newton, Executive Vice President of HIMSS Analytics. “I can truly say that the power of Definitive Healthcare with HIMSS Analytics data assets creates a solution of never-before-seen value for health care. Our two teams are working closely together to ensure the highest level of service is provided to clients during and well-beyond this transition.”
Definitive Healthcare will immediately begin integrating the datasets and platform functionality into a single source of truth. The new offering will include improved coverage of IT purchasing intelligence with access to years of proposals and executed contracts, enabling transparency and efficiency in the development of commercial strategies.
“HIMSS Analytics is an impressive thought leader with an excellent reputation in the market. They have built and maintained meaningful relationships across the healthcare landscape and have been strong change agents during a pivotal time in healthcare,” said Jason Krantz. “We are incredibly pleased with today’s acquisition and the launch of an ongoing relationship with an industry leader such as HIMSS Analytics that is devoted to the advancement of the healthcare industry.”
Colonnade Securities acted as financial advisor to HIMSS Analytics. BakerHostetler and Rich May served as legal counsel to HIMSS Analytics and Definitive Healthcare, respectively.
About Definitive Healthcare
Definitive Healthcare is the leading provider of data and intelligence on hospitals, physicians, and other healthcare providers. Its product suite provides the most comprehensive and highest quality data available anywhere on 8,800 hospitals and IDNs; 150,000 physician groups; 1.0 million physicians; 10,000 ambulatory surgery centers; 14,000 imaging centers; 86,000 long-term care facilities; 39,000 clinics; 1,400 ACOs and HIEs; and 900 Canadian hospitals. The company’s data provides clients with the analytics and insight needed to effectively segment and research the healthcare providermarket. Definitive Healthcare is backed by Spectrum Equity. For more information, or to trial the service, visit https://www.definitivehc.com/.
About HIMSS Analytics
HIMSS Analytics is a global healthcare advisor, providing guidance and market intelligence solutions that move the industry forward with insight to enable better health through the use of IT. As a trusted healthcare research and advisory firm, the industry depends on HIMSS Analytics’ resources, benchmarks, predictive models and assessment tools to improve decision making regarding their IT strategic roadmap and market strategy. HIMSS Analytics is a wholly owned subsidiary of HIMSS (Healthcare Information and Management Systems Society). For more information, visit www.himssanalytics.org.