VisiQuate announced on October 1 its acquisition by Menlo Park, California-based private equity firm Accel-KKR. Financial terms of the deal were not disclosed.
VisiQuate offers a user-friendly end-to-end revenue cycle management (RCM) and analytics solution that lets virtually anyone in a healthcare organization explore complex data from multiple sources to quickly gain insights and create actionable workflows. Since it was founded in 2009, VisiQuate has partnered with hospitals and health systems to markedly improve their top and bottom line. The company is headquartered in Santa Rosa, California.
Accel-KKR is a technology-focused investment firm with more than $5 billion in capital commitments with a focus on software and IT-enabled businesses.
The acquisition by the private equity firm will allow VisiQuate to accelerate product innovation and expand its team, VisiQuate founder and CEO Brian Robertson said in an October 1 news release.
“Joining forces with Accel-KKR marks a pivotal milestone for VisiQuate. Healthcare RCM continues to be burdened with too much waste, inefficiency and dissatisfaction — and the combined financial angst is mounting at an accelerating pace,” said Robertson. “We remain passionate and relentless in our pursuit of solutions that drive meaningful change, elevate management, staff and C-suite objectives, and most importantly, deliver undeniable ROI. This partnership with Accel-KKR will accelerate product innovation and expand our expert team, enabling us to help more healthcare systems achieve peak financial performance.”
According to data captured in the LevinPro HC database, this acquisition represents the 188th eHealth transaction of 2024, and the 29th in the RCM specialty. There were 55 RCM deals announced during 2023, and 66 announced during 2022.
