Retrieve Medical to Acquire Curatus, Transforming AI Healthcare Solutions

Deal News | Feb 24, 2025 | Globenewswire

Retrieve Medical to Acquire Curatus, Transforming AI Healthcare Solutions

Retrieve Medical Holdings Inc., based in Nevada, has announced the signing of a Letter of Intent to acquire Cratus LLC, known for its AI-driven provider data solutions through its flagship platform, ProviderLenz. This strategic acquisition aims to bolster Retrieve's portfolio in healthcare by leveraging Cratus's innovative SaaS capabilities. The transaction's completion is subject to shareholder approval and other customary formalities. Mark Fabiano, CEO of Cratus, will continue his leadership role post-acquisition. This deal represents a strategic alignment meant to drive growth, improve operational efficiency in the healthcare sector, and reduce the significant costs associated with credentialing errors and healthcare fraud.

Sectors

  • Healthcare Technology
  • Artificial Intelligence

Geography

  • United States – Both Retrieve Medical Holdings Inc. and Cratus LLC are based in Nevada, United States, making this a key geography for the transaction.

Industry

  • Healthcare Technology – Both Retrieve Medical Holdings Inc. and Cratus LLC are involved in healthcare technology. Retrieve provides software platforms for healthcare diagnostics, while Cratus develops AI-driven solutions for provider data management.
  • Artificial Intelligence – Cratus's ProviderLenz platform leverages AI to improve provider data integrity and streamline processes, a core component of their operations.

Financials

    Participants

    NameRoleTypeDescription
    Retrieve Medical Holdings Inc.Bidding CompanyCompanyA healthcare technology company that develops software platforms using advanced natural language processing to improve diagnostics and patient outcomes.
    Cratus LLCTarget CompanyCompanyAn innovative health IT company specializing in provider data management using AI technology, known for its ProviderLenz platform.
    Mark FabianoCEO of Cratus LLCPersonCurrent CEO of Cratus who will continue in his role after the acquisition. Former Chief Sales Officer at Altegra Health.