Emdeon, the Nashville, Tenn.-based provider of revenue-care management (RCM) technologies, has agreed to acquire Capario, a Santa Ana, Calif.-based provider of a cloud-based claims tracker platform.
The deal was announced at approximately $115 million in cash. It will be paid with a combination of available cash and funds under Emdeon's revolving senior credit facility. Capario is currently owned by Marlin Equity Partners.
Emdeon is planning on integrating the Capario cloud-based platform into its Intelligent Healthcare Network platform, which processes claims for approximately 700,000 physicians, 81,000 dentists, 60,000 pharmacies, 5,000 hospitals, 600 vendors, 450 laboratories and 1,200 government and commercial payers. Future plans for Capario's staff and leadership were not made available.
"Our customers' needs for revenue cycle management solutions are evolving rapidly as reimbursement models change to reflect an ever more outcomes-oriented and patient-centric healthcare system," Neil de Crescenzo, Emdeon president and CEO, said in a statement. "With our combined capabilities, Capario will enhance Emdeon's ability to provide a superior data-driven, patient-centric view of administrative elements of the care process, helping to improve outcomes and reduce cost. This acquisition will further expand Emdeon's market-leading Intelligent Healthcare Network and accelerate our ability to provide innovative workflow and analytics solutions to improve healthcare providers' revenue cycle management."