nThrive, Inc., backed by Clearlake Capital Group, L.P., announced that it has signed a definitive agreement to acquire TransUnion Healthcare, inc., the healthcare data and analytics business of TransUnion, in a $1.75 billion all-cash deal. The acquisition, which is expected to close in the fourth quarter of 2021, will let TransUnion focus on its core businesses of credit, marketing and fraud mitigation solutions.
TransUnion Healthcare, a wholly owned subsidiary of TransUnion, provides consumers with online data and analytic services to maximize reimbursement throughout the revenue cycle. The company helps over 1,850 hospitals and 650,000 physicians collectively recover more than $1.2 billion annually in revenue.
Founded in 2016, nThrive is a leading healthcare revenue cycle management software-as-a-service platform. nThrive offers patient access, charge integrity, claims management, contract management, machine learning & robotic process automation, data & analytics and education software solutions to more than 900 hospitals and health systems across North America, including 37 of the 40 largest healthcare providers in the United States.
The TransUnion Healthcare acquisition furthers nThrive’s commitment to better serve the healthcare community by increasing revenue assurance and improving revenue staff efficiency while lessening administrative burden so providers can focus on higher quality care and outcomes for their patients. The combined entity will offer healthcare organizations and payers a complete end-to-end RCM technology and software solution, and give customers increased confidence and predictability in payment optimization.
This announcement comes more than a month after TransUnion said it would buy information services company Neustar for $3.1 billion, to expand into digital marketing and fraud prevention.
Centerview Partners LLC served as financial advisor and Latham & Watkins LLP served as legal counsel to TransUnion. Sidley Austin LLP served as legal counsel to Clearlake and nThrive.
