Well being Catalyst plans to amass affected person engagement firm Twistle, the info warehousing and analytics firm stated Thursday.
Salt Lake Metropolis-based Well being Catalyst will purchase Twistle’s fairness pursuits for an estimated $104.5 million, plus a possible earn-out of as much as $65 million based mostly on efficiency targets, in keeping with a submitting with the Securities and Change Fee. Well being Catalyst plans to fund the acquisition with $57.5 million in money and $47 million in firm inventory.
With the acquisition, Well being Catalyst officers stated the corporate hopes to bolster its set of inhabitants well being instruments for healthcare prospects transferring to value-based care fashions.
Albuquerque, N.M.-based Twistle sells software program that automates textual content message, affected person portal and different strategies of communication between care groups and sufferers to assist sufferers as they navigate an episode of care. That may add to Well being Catalyst’s inhabitants well being instruments, which establish populations in danger for poor outcomes.
Meaning Well being Catalyst’s instruments might establish populations in want of outreach, which is dealt with via Twistle, in keeping with Kulmeet Singh, Twistle’s founder and CEO.
“We’re excited in regards to the prospects of our joint options proactively partaking at-risk populations, advancing well being fairness and enhancing affected person activation of their care,” he stated in a press release.
Well being Catalyst, based in 2008, went public two years in the past alongside a slew of different digital well being firms.
Well being Catalyst posted $55.8 million in income in 2021’s first quarter, up 23.8% year-over-year and break up between $33.8 million in income from expertise and $22 million from skilled providers. The corporate reported a $24.3 million working loss, in comparison with a $18.1 million working loss within the year-ago quarter.
Twistle, based in 2011, is privately held.
Well being Catalyst expects to finish the Twistle acquisition within the third quarter.