RADNOR,
Pa., July 30, 2024 /PRNewswire/
-- Vālenz® Health, a leading platform of
integrated cost containment and payment integrity solutions,
announces it has completed its acquisition of Healthcare Bluebook™,
an industry-leading healthcare cost and quality navigation
platform. The acquisition brings together the two companies'
complementary services as a one-of-a-kind member engagement and
digital "front door" experience and payment integrity data
platform.
"This is a transformative moment for the
industry." Rob Gelb, Chief Executive
Officer of Valenz Health
"This is a transformative moment for the industry. We are
addressing the unmet needs of the market and eliminating point
solution fatigue through a single, integrated platform designed to
simplify healthcare," said Rob Gelb,
Chief Executive Officer of Valenz Health. "Our acquisition of
Healthcare Bluebook empowers us to create a uniquely data-informed
platform that drives momentum in enabling smarter, better, faster,
transparent healthcare. Together, we will ensure our customers and
their members have access to high-value care with innovative
network options and a full suite of prospective tools to improve
the member experience, create choice for employers, and establish
rewards for all."
Healthcare Bluebook has long established itself in the industry
by combining objective price and quality data with intuitive online
navigation capabilities, driving savings and delivering measurable
ROI to consumers and responsible employers nationwide. Valenz
Health's highly innovative solutions include expansive data sets,
care management capabilities, payment integrity and plan
performance support. Leveraging a suite of fully integrated
solutions on a single platform, Valenz Health and Healthcare
Bluebook expand their power to support growth, improve outcomes and
deliver a positive experience.
"As a combined business, we are excited to unlock new long-term
strategic growth opportunities and value for our customers and
their members," said Mike O'Neil,
Chief Executive Officer of Healthcare Bluebook. "Healthcare
Bluebook will operate in 'business as usual' mode for the
foreseeable future. Over time, Valenz Health and Healthcare
Bluebook will integrate our data and functionality to enhance our
client offerings while maintaining the product, service and
outcomes that our customers rely on."
Valenz Health first announced its definitive agreement to
acquire Healthcare Bluebook in mid-July. With the acquisition now
complete, Healthcare Bluebook customers will benefit from being
part of the Valenz Health fully integrated platform that optimizes
the cost, quality and utilization of healthcare.
Stifel and Raymond James acted as
financial advisors to Valenz Health, while William Blair acted as financial advisor to
Healthcare Bluebook. Debevoise & Plimpton LLP acted as legal
counsel to Valenz Health; Goodwin Procter LLP acted as legal
counsel to Healthcare Bluebook.
About Vālenz® Health
Vālenz®
Health is the platform to simplify healthcare – the destination for
employers, payers, providers and members to reduce costs, improve
quality and elevate the healthcare experience. The Valenz Health
mindset and culture of innovation combine to create a distinctly
different approach to an inefficient, uninspired health system.
With fully integrated solutions, Valenz Health engages early and
often to execute across the entire patient journey – from care
navigation and management to payment integrity, plan performance
and provider verification. With a 99% client retention rate, we
elevate expectations to a new level of efficiency, effectiveness
and transparency where smarter, better, faster healthcare is
possible. For more information, visit valenzhealth.com.
Kelso & Company, a leading middle-market private equity
firm with a shared vision for accelerating positive change in the
delivery of healthcare for the self-insured industry, is the
capital partner for Valenz Health.
About Healthcare Bluebook™
Healthcare
Bluebook™ uses industry-leading objective quality and price
data and claims-driven ROI reporting to deliver healthcare value
insights to consumers, employers, healthcare providers and payors.
Healthcare Bluebook's intuitive online healthcare shopping solution
provides employers and members with an easy-to-use benefits
solution that increases movement from low-value to high-value care
and prescription medications, driving savings, rapid ROI and
greater price predictability. Combined with a proven engagement
methodology, Healthcare Bluebook's innovative suite of services
empowers smarter healthcare choices while decreasing costs and
improving health outcomes. For more information, visit
healthcarebluebook.com.
Primus Capital, the capital partner for Healthcare Bluebook, is
a growth-oriented private equity firm focused on investing in
leading healthcare, software and technology-enabled services
companies.
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SOURCE Valenz Health