Data analytics services company Health Catalyst Inc. has agreed to acquire Able Health Inc., which provides quality and regulatory measurement tracking and reporting to healthcare providers and risk-bearing entities.
Salt Lake City-based Health Catalyst (Nasdaq: HCAT) said Able Health’s software-as-a-service application would strengthen its existing quality and regulatory measures capabilities. The purchase price was not disclosed.
San Francisco-based Able Health’s solutions serve more than 30,000 providers, automating measures reporting. Able Health is a Qualified Registry for data submission under the Merit-Based Incentive Payment System (MIPS).
Health Catalyst said its DOS platform would enhance Able Health’s solution by providing the data sourcing and integration backbone for the measures engine, capable of ingesting data from hundreds of different data sources prevalent in healthcare today.
“The combined Health Catalyst and Able Health solution will further reduce the administrative burden of quality reporting and allow care teams to focus on patient care, a key to making value-based care work for providers and patients,” said Rachel Katz, CEO of Able Health, in a statement.
Health Catalyst expects to fund the transaction using a mix of cash and common stock. The parties expect the transaction, which is subject to customary closing conditions, will close in the first quarter of 2020.