Valenz Acquires Healthcare Bluebook to Improve Digital Healthcare
Valenz Well being, a supplier of built-in price management and fee integrity options, has entered right into a definitive settlement to amass Healthcare Bluebook, a specialist in healthcare price and high quality navigation.
The acquisition creates a complete member engagement and digital well being expertise, combining each firms' strengths in knowledge and options.
Monetary particulars of the transaction weren’t disclosed.
The deal is pending regulatory approval and is predicted to shut inside 45 days.
In line with Valenz Well being, Healthcare Bluebook's “goal value and high quality knowledge,” mixed with its on-line navigation instruments, ship financial savings and measurable returns on funding for shoppers and employers throughout the U.S.
Valenz Well being options embrace complete datasets, care administration, fee integrity options, and plan efficiency assist.
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The combination with Healthcare Bluebook is meant to satisfy the sector's demand for higher member empowerment, improved well being outcomes and simplified care processes.
Valenz Well being CEO Rob Gelb commented, “Collectively, we are able to present a single supply of knowledge and options on an built-in platform that makes it simpler for the {industry} to execute a healthcare expertise that delivers high-quality, cost-effective, and extra environment friendly take care of members. We’re exceptionally well-positioned to supply shoppers a brand new path to appreciate Valenz Well being’s promise of partaking early and sometimes for smarter, higher, sooner, and cheaper healthcare.”
Healthcare Bluebook CEO Mike O’Neil echoed the identical sentiment, saying, “As a result of Healthcare Bluebook and Valenz Well being share an uncompromising dedication to transparency, member advocacy and value financial savings, we are able to execute on a a lot deeper degree to immediately profit self-insured plans and their members. Collectively, we make it simpler for members to search out and obtain high-quality care at a good value each time, placing members accountable for their very own care.”
Clients of each firms can depend on continued private consideration and the advantages of partnership, with the additional advantage of a completely built-in platform from Valenz Well being.
Monetary advisory roles have been stuffed by Stifel and Raymond James for Valenz Well being, and William Blair for Healthcare Bluebook. Authorized counsel was supplied by Debevoise & Plimpton for Valenz Well being, and Goodwin Procter for Healthcare Bluebook.
