Health Catalyst to Acquire Upfront Healthcare
Deal News | Jan 16, 2025 | Baird Capital
Health Catalyst, a prominent provider of data and analytics technology to healthcare organizations, has announced the signing of a definitive agreement to acquire Upfront Healthcare Services. Upfront is recognized for its next-generation patient engagement platform. The acquisition is anticipated to close in the first quarter of 2025. Baird Capital, which initially invested in Upfront Healthcare in 2020, played a key role in guiding the company through previous strategic expansions, including a notable growth-focused Series C round in 2022 and the acquisition of PatientBond. Baird Capital’s backing has proven instrumental in Upfront’s evolution, and this acquisition marks a significant step in combining their expertise with Health Catalyst's extensive health data analytics services, thereby enhancing patient engagement solutions in the healthcare sector.
Sectors
- Healthcare Technology
- Private Equity
Geography
- United States – Both Health Catalyst and Upfront Healthcare are companies based in the United States, and the transaction is occurring within this geographical market.
Industry
- Healthcare Technology – The industry involves the use of technology and analytics to improve healthcare services, which is the core business of both Health Catalyst and Upfront Healthcare.
- Private Equity – Baird Capital is a private equity firm that has invested in Upfront Healthcare and supported its growth through strategic investments, relevant to the transaction.
Financials
- Not Specified – Financial terms of the acquisition have not been disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Health Catalyst, Inc. | Acquirer | Company | A leading provider of data and analytics technology and services to healthcare organizations. |
| Upfront Healthcare Services, Inc. | Target | Company | A next-generation patient engagement platform provider. |
| Baird Capital | Investor | Company | A private equity firm that invested in Upfront Healthcare and supported its growth. |