Centauri Health Solutions has acquired Rockville, Maryland-based Secure Exchange Solutions, a health information technology provider. No financial terms were disclosed. Truist Securities was the financial advisor to SES on the deal. Centauri is backed by Abry Partners, Silversmith Capital Partners and SV Health Investors.
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Centauri Health Solutions (“Centauri”), an innovative healthcare technology and services company, announced today that it acquired Secure Exchange Solutions (“SES”), a Rockville, Maryland-based health information technology provider focused on physician connectivity and clinical data exchange. This addition expands Centauri’s comprehensive healthcare technology solutions, which already include Risk Adjustment, Quality, Medicaid and Disability Eligibility and Enrollment, Out-of-State Medicaid Billing, Revenue Cycle Analytics, and Referral Management and Analytics.
Secure Exchange Solutions is the leading platform provider of cloud-based clinical data exchange software. SES sets the standard for protecting, streamlining, and delivering sensitive and critical health care information while ensuring compliance and improving efficiency and quality. SES is connected to 90,000 healthcare organizations, and over 50 of the leading health information exchanges, providing integrated secure communications reaching more than 2.7 million healthcare professionals nationwide. The combination of Centauri and SES creates a suite of solutions that accelerate improvement of patient care while addressing value-based care.
“SES is pleased to join a company that is built around the similar goal of leveraging technology to improve healthcare and patients’ lives,” said Michele Darnell, President of SES. “We are excited to couple our clinical data exchange platform with Centauri’s suite of data analytics and revenue and quality optimization products to provide comprehensive solutions that are unmatched in the marketplace.”
“The addition of SES empowers Centauri to support strategic client initiatives in the area of value-based care and clinical data exchange,” said Adam Miller, Centauri co-founder and CEO. “Promoting provider and payor collaboration through our standards-driven approach reduces time to implement and increases adoption versus proprietary software installation. In addition, our unique suite of solutions on the revenue side of the value-based care equation is additive to traditional solutions focused only on lowering the overall cost of care.”
The combined organization will be led by Miller, with Darnell continuing to oversee the SES division together with SES Chief Technology Officer Boris Shur. SES CEO Dan Kazzaz will engage strategically with Centauri by joining its advisory board.
The SES transaction was supported by Centauri’s lead investor, Abry Partners, and its other key investors, Silversmith Capital Partners and SV Health Investors.
Truist Securities was the financial advisor to SES. Duane Morris LLP was the legal advisor to SES and Kirkland and Ellis was the legal advisor to Centauri.
About Centauri Health Solutions
Centauri Health Solutions provides technology and technology-enabled services to payors and providers across all healthcare programs, including Medicare, Medicaid, Commercial and Exchange. In partnership with our clients, we improve the lives and health outcomes of the members and patients we touch through compassionate outreach, sophisticated analytics, clinical data exchange capabilities, and data-driven solutions. Our solutions directly address complex problems such as uncompensated care within health systems; appropriate, risk-adjusted revenue for specialized sub-populations; and improve access to and quality of care measurement. Headquartered in Scottsdale, Ariz., Centauri Health Solutions employs 1700 dedicated associates across the country. Centauri has made the prestigious Inc. 5000 list since 2019, as well as the 2020 Deloitte Technology Fast 500™ list of the fastest-growing companies in the U.S. For more information, visit www.centaurihs.com.