Reveleer Strengthens Portfolio with Novillus Acquisition

Deal News | Apr 22, 2025 | Glen Ventures Management Inc

Reveleer Strengthens Portfolio with Novillus Acquisition

Reveleer, the leading value-based care technology platform, has announced its acquisition of Novillus, a company that provides insight-driven care gap management and provider engagement solutions. This strategic move is a response to the healthcare industry's increasing emphasis on value-based care and aligns with the growing importance of Medicare Advantage's Star ratings. By purchasing Novillus, Reveleer aims to augment its capabilities in clinical intelligence and quality improvement solutions, fostering improved collaboration between health plans and providers. This will be instrumental in enhancing patient outcomes, regulatory compliance, and financial performance. Through this acquisition, Reveleer is poised to deliver modern, AI-powered solutions aimed at seamless payer-provider collaboration, thereby advancing efforts in risk adjustment and quality improvement. The integration of Novillus technologies will also boost Reveleer’s ability to support compliance amid regulations like the federal No Surprises Act. The acquisition promises immediate benefits for both Reveleer and Novillus customers, offering expanded quality improvement capabilities and access to a comprehensive suite of value-based care solutions. This move culminates a strategic initiative by Reveleer over the past three years to build a robust, value-based care platform, with the combined entity now serving 72 million covered lives and collaborating with 86 leading healthcare organizations across the United States.

Sectors

  • Healthcare Technology
  • Private Equity

Geography

  • United States – Both Reveleer and Novillus operate across the U.S., serving numerous healthcare organizations and millions of covered lives. The regulatory and market dynamics mentioned are largely U.S.-centric.

Industry

  • Healthcare Technology – The article discusses the acquisition of Novillus by Reveleer, both of which provide technology solutions for healthcare providers and insurers. The focus is on improving value-based care initiatives and leveraging AI technology.
  • Private Equity – The acquisition is partly driven by Glen Ventures Management Inc., indicating private equity involvement in funding and strategic direction. This highlights private equity's role in shaping the industry's landscape.

Financials

    Participants

    NameRoleTypeDescription
    ReveleerBuyerCompanyA leading value-based care technology platform that focuses on improving healthcare outcomes and regulatory compliance through AI-powered solutions.
    NovillusTarget CompanyCompanyA provider of care gap management and provider engagement solutions, aiming to enhance collaboration between health plans and providers.
    Glen Ventures Management Inc.Private Equity FirmCompanyThe private equity firm involved in the acquisition, driving the strategic expansion of Reveleer.
    Oak HC/FTInvestment PartnerCompanyAn investment partner mentioned as supporting Reveleer’s strategic initiatives.
    Jay AckermanCEO of ReveleerPersonCommented on the strategic importance of the acquisition for Reveleer.
    Jerry HaganCEO of NovillusPersonSpoke about the benefits of the acquisition for Novillus’s mission.