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Health Catalyst Acquires Armus; Bolsters Clinical Quality Offering And Outsourced Services

May 11, 2022•over 3 years ago

Acquiring Company

Health Catalyst

Acquired Company

ARMUS

South JordanHealth CareData And AnalyticsSoftware

Description

Health Catalyst, Inc. ("Health Catalyst,"Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, today announced that it has acquired ARMUS Corporation, a Silicon Valley-based clinical registry development and data management technology company.

Company Information

Company

Health Catalyst

Location

10897 SOUTH RIVER FRONT PARKWAY, #300

South Jordan, Utah, United States

About

Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations committed to being the catalyst for massive, measurable, data-informed healthcare improvement. Its customers leverage the cloud-based data platform—powered by data from more than 100 million patient records and encompassing trillions of facts—as well as its analytics software and professional services expertise to make data-informed decisions and realize measurable clinical, financial, and operational improvements. Health Catalyst envisions a future in which all healthcare decisions are data informed.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed