MedAssets-Precyse, which is owned by Pamplona Capital Management, has acquired Equation, a Utah-based financial and clinical healthcare analytics and consulting company. No financial terms were disclosed.
SALT LAKE CITY, June 1, 2016 /PRNewswire/ — Equation, an innovator in financial and clinical healthcare analytics and consulting, is pleased to announce it has been acquired by MedAssets-Precyse. This union will result in an enhanced, end-to-end healthcare financial and clinical business intelligence and analytics solution for the healthcare enterprise.
“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. We are thrilled to be acquired by MedAssets-Precyse and to be a part of the new brand, which we will launch at the HFMA ANI conference. The solutions and services of MedAssets-Precyse are world-class and our analytic solutions and consulting services will enable us to do more for healthcare organizations.”
Equation’s cloud-based business intelligence platform, DataRiver™ converts healthcare data into actionable insights. It integrates and organizes clinical and financial data from disparate systems into one, enterprise-wide view. Additionally, it incorporates Equation’s proven algorithms and methodologies to guide and fortify the value-based initiatives of healthcare organizations.
“We are pleased to welcome Equation solutions and colleagues to MedAssets-Precyse,” Thomas Ormondroyd, MBA, President Education and Analytics, MedAssets-Precyse. “Equation’s leading-edge healthcare analytics and expertise increases our capabilities to meet the demands of today’s quality-centric healthcare environment and expands our ability to provide the right data at the right time for our clients. Equation shares our vision of how analytics and data are two of the key success drivers today and in the future of healthcare.”
Equation’s technology and analytics expertise, combined with MedAssets-Precyse existing analytics platform, will create a powerful new enterprise solution. This solution 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.
Simpson Thatcher & Bartlett LLP acted as legal counsel to MedAssets-Precyse and Pamplona Capital Management on the transaction.
Equation is a Utah based healthcare analytics and consulting company. It provides healthcare organizations with the analytic tools and expertise to gain insights to improve healthcare delivery and patient satisfaction while strengthening financial and budgetary performance. Its cloud-based analytics platform, 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. Please visit www.EquationHealth.com for further information. Follow us on Twitter @EquationHealth.
The combined MedAssets-Precyse enterprise is the leader in providing end-to-end revenue cycle services, technology and education solutions. The integrated companies offer extensive capabilities to improve organizations’ operational health, grow business and ultimately improve the quality of healthcare. The companies are in the process of becoming fully integrated, a process that is expected to be completed in 2016. For more information, visit www.medassets-precyse.com.
About Pamplona Capital Management
Pamplona Capital Management is a London and New York based specialist investment manager established in 2005 that provides an alternative investment platform across private equity, fund of hedge funds and single manager hedge fund investments. Pamplona Capital Management, LLP manages over USD 10 billion in assets across a number of funds for a variety of clients including public pension funds, international wealth managers, multinational corporations, family offices and funds of hedge funds. Pamplona is currently managing its fourth private equity fund, Pamplona Capital Partners IV LP, which was raised in 2014. Pamplona invests long-term capital across the capital structure of its portfolio companies in both public and private market situations. Please see www.Pamplonafunds.com for further information.