AGS Health, a provider of revenue cycle management solutions for healthcare providers in the U.S., acquired Availity’s cloud-based patient access outsourcing business unit in India. Availity is a Florida-based healthcare technology company.
The terms of the acquisition were not disclosed.
Commenting on the acquisition news, Patrice Wolfe, CEO of AGS Health, said: “With this acquisition, we can better equip our customers with the tools and expert services necessary to help overcome payer complexities, reduce denial rates, mitigate revenue leakage, and accelerate cash flow on the back end.”
More than 3000+ digital health companies have been acquired to date, according to our M&A database.
More recently, Coronis Health, a provider of cloud-based revenue cycle management solutions to healthcare providers in the U.S., announced the merger with MiraMed, a provider of business process outsourcing and revenue cycle management services to anesthesia practices and commercial healthcare clients. In another deal, Cognizant recently agreed to buy Health Care Service Corporation’s subsidiary TMG Health, a provider of business process outsourcing solutions to Medicare Advantage, Medicare Part D, and Managed Medicaid plans, for an undisclosed amount.