HealthEdge, a healthcare analytics and software specialist, is eyeing a growing need among payers for real-time market information and support for new healthcare business models in a deal to acquire Click4Care.
Terms of the deal were not disclosed in a news release from Burlington, Mass.-based HealthEdge
, but the acquisition is expected to close this month, pending shareholder approval.
Psilos Group, a New York-based private-equity firm, is HealthEdge's largest shareholder and is also an investor in Click4Care, according to the release. The acquisition will allow HealthEdge to "fully support next-generation healthcare business models, including accountable care organizations, value-based benefits, health insurance exchanges and pay-for-performance," the company stated. HealthEdge
offers claims and benefits administration software and tools to allow for real-time data analysis. Click4Care
, similarly, offers claims analytics tools.An earlier version of this story misidentified Click4Care as a HealthEdge competitor