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PE-backed Emdeon snaps up Altegra Health in a $910 million cash deal

Parthenon Capital Partners has sold off Altegra Health to private-equity backed Emdeon in a $910 million cash deal. Emdeon, the healthcare software and technology company that is included in the portfolio of Blackstone and Hellman & Friedman picked up Altergra’s cloud-based data and analytics platform. Emdeon’s biggest shareholders General Atlantic and Hellman & Friedman, both agreed to vote for Blackstone’s $3 billion takeover in 2011. This latest acquisition by Emdeon will combine Altegra’s risk adjustment tools along with its revenue cycle management and payment solutions product.

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Buy-out,Deal News,United States,Altegra Health,Blackstone,Boston,Emdeon,healthcare,Hellman & Friedman,Parthenon Capital Partners,private equity,US,boston,parthenon capital partners,altegra health,emdeon,us,blackstone,hellman & friedman

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