Machinify Completes Acquisition of Performant Healthcare, Accelerating Intelligent Healthcare Payments
Performant Healthcare, Inc. (PHLT)
Company Research
Source: Business Wire
The New Mountain Capital backed company closes its second major acquisition in 2025 to expand its AI-powered operating system to a broader range of clients. DALLAS & PALO ALTO, Calif.--(BUSINESS WIRE)--Machinify, a leading healthcare intelligence company with expertise across the payment continuum, today announced the close of its acquisition of Performant Healthcare, Inc. (Nasdaq: PHLT) for approximately $670 million. The deal expands Machinify’s AI-powered platform to reach a broader range of clients, including government programs, and accelerates its mission to simplify and modernize healthcare payments.“We’re thrilled to bring Performant into Machinify with such highly complementary assets,” said David Pierre, CEO of Machinify. “Performant has built deep relationships in the government sector, which expands on Machinify’s strong and expanding presence with national and regional payers. Together, we can offer our clients the most complete, data-driven platform for ensuring every
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- Shareholder Alert: The Ademi Firm Continues to Investigate Whether Performant Healthcare Inc. is Obtaining a Fair Price for its Public ShareholdersBusiness Wire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AL and PHLT on Behalf of ShareholdersPR Newswire