Performant: Healthcare Tech Giant to be Acquired for $670 Million
Deal News | Aug 07, 2025 | Pillsbury Winthrop Shaw Pittman LLP
Performant Healthcare, Inc. has entered into a definitive agreement to be acquired by Machinify in a transaction valued at approximately $670 million. Pillsbury Winthrop Shaw Pittman LLP serves as Performant's legal advisor for the deal, which underscores a relationship dating back to Performant's IPO in 2012. The transaction is anticipated to finalize by the end of 2025 pending customary closing conditions, including the approval of stockholders and regulatory clearances. The legal team assembled by Pillsbury features experts from various practices to address the multifaceted nature of the deal.
Sectors
- Healthcare Industry
- Technology & Software
- Legal Services
Geography
- United States – Performant Healthcare, Inc. and Machinify are likely based in the United States, where the acquisition is taking place.
Industry
- Healthcare Industry – The acquisition involves Performant Healthcare, highlighting its relevance in the healthcare sector.
- Technology & Software – Machinify's acquisition of Performant signifies its interests and operations in technology, especially in the healthcare software domain.
- Legal Services – Pillsbury is providing legal advisory services, representing the legal industry's involvement in the transaction.
Financials
- $670 Million – The total value of the acquisition agreement between Machinify and Performant Healthcare.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Performant Healthcare, Inc. | Target | Company | The company being acquired by Machinify. |
| Machinify | Bidding Company | Company | The acquiring company in the transaction with Performant Healthcare. |
| Pillsbury Winthrop Shaw Pittman LLP | Legal advisor | Company | Provided legal advisory services for Performant Healthcare in the acquisition deal. |