Equation, an innovator in financial and clinical health care analytics and consulting, has been acquired by MedAssets-Precyse. This union will result in an enhanced, end-to-end health care financial and clinical business intelligence and analytics solution for the health care enterprise.
"Equation is excited to combine our DataRiver analytics platform and consulting services with the MedAssets-Precyse solutions platform," explains 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 health care 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 health care 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 health care organizations."
Equation's cloud-based business intelligence platform, DataRiver, converts health care data into actionable insights. It integrates and organizes clinical and financial data from disparate systems into one, enterprisewide view. Additionally, it incorporates Equation's proven algorithms and methodologies to guide and fortify the value-based initiatives of health care organizations.
"We are pleased to welcome Equation solutions and colleagues to MedAssets-Precyse," says Thomas Ormondroyd, MBA, president education and analytics for MedAssets-Precyse. "Equation's leading-edge health care analytics and expertise increases our capabilities to meet the demands of today's quality-centric health care 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 health care."
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, HIM, and now Equation's data analytics capabilities into one comprehensive, patient to payment health care solution. These capabilities will provide health care 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.