Emdeon to Acquire Altegra Health for $910M

Emdeon Inc., a provider of an intelligent healthcare platform, is to acquire Altegra Health, a Miami Lakes, Florida-based provider of technology and intervention platforms, for approx. $910m in cash.

Emdeon has obtained debt and equity financing commitments to support the acquisition and anticipates paying the purchase price from a combination of available cash and proceeds from new debt and equity offerings. The acquisition is subject to customary closing conditions, including expiration or early termination of the waiting period under the Hart-Scott-Rodino Act, and is expected to close in the third quarter of 2015.

The acquisition will combine Altegra Health’s risk adjustment and quality analytics and Emdeon’s Intelligent Healthcare Network™, revenue cycle management and payment solutions.

Led by Kevin Barrett, president and chief executive officer, Altegra Health provides technology and intervention platforms that combine data aggregation and analytics with member engagement and reporting capabilities to achieve actionable insights and improved management for healthcare.
A portfolio company of Parthenon Capital Partners, the company operates in all 50 states, Puerto Rico and the Philippines and offers its products and services nationally in partnership with large Medicare Advantage and Managed Medicaid health plans, as well as health plans operating on commercial healthcare exchanges.

As one of the largest financial and administrative networks in the United States healthcare system, Emdeon’s Intelligent Healthcare Network currently reaches 700,000 physicians, 105,000 dentists, 60,000 pharmacies, 5,000 hospitals, 600 vendors, 450 laboratories and 1,200 government and commercial payers and processed approximately 8.1 billion transactions in 2014.
It is a portfolio company of Blackstone and Hellman & Friedman.



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