Cognizant Technology Solutions Corp. (NASDAQ: CTSH) has dabbled in eHealth acquisitions before. In March, the professional services company was back in the healthcare space targeting Bolder Healthcare Solutions, LLC for $108 million.
Bolder Healthcare was formed in 2012 through a co-investment partnership between The Edgewater Funds and JZ Capital Partners, in coordination with senior industry leaders. The company offers a suite of healthcare revenue cycle management services to the Hospital and Physician Medical Group sectors.
Since its founding, Bolder Healthcare has grown through acquisition. Two acquisitions in 2015 brought in Avectus Healthcare Solutions, which provides a comprehensive solution for third-party liability accounts for hospitals and trauma centers, and The ROI Companies, a leading provider of healthcare revenue cycle management services to hospitals and physician groups. Financial terms were not disclosed.
Two more acquisitions in 2016 added Healthcare Receivable Professionals, which coordinates third-party liability accounts for regional health systems, for-profit and not-for-profit health systems and hospitals in the state of Georgia, and Prospective Payment Specialists, which provides compliance-based coding and revenue cycle management solutions to the largest hospital systems, regional medical centers and critical access hospitals in the country.
Its last acquisition took place in January 2017, adding Business Dyanmics, a a leader in revenue cycle management, specializing in spine coding and reimbursement.
Cognizant’s largest acquisition in the digital health space came in 2014, when it agreed to pay $2.7 billion for TriZetto Corporation, a portfolio company of Apax Partners. Apax acquired TriZetto in April 2008 for just $1.4 billion.
