SPi Healthcare Bought by Conifer for $235 Million | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

SPi Healthcare Bought by Conifer for $235 Million

September 24, 2014
by Gabriel Perna
| Reprints

The year of mergers and acquisitions in healthcare IT continues as Frisco, Texas-based Conifer Health Solutions has bought revenue cycle management (RCM) and health information management (HIM) software vendor, SPi Healthcare (Tinley Park, Ill.) for $235 million.

Conifer, which operates in the clinical integration, risk management, population health and RCM space, expects to complete the transaction in the fourth quarter of 2013. John O’Donnell, SPi’s chief executive officer, will join Conifer’s senior management team reporting to Stephen M. Mooney, President and CEO. SPi's 600 employees, in Tinley Park and six service centers, will continue to work in those places.

SPi provides its solution specifically to physician practices and independent practice associations (IPAs), a market which Conifer is looking to improve. The acquisition also allows Conifer to provider recovery audit contractor (RAC) audit defense and preparedness services and ICD-10 gap analysis and education, as well as payer contract management and software consulting.

“Nearly 50 percent of large practices utilize GE or Epic EHRs. SPi’s long-term experience with these technology platforms represents an important pathway for additional growth for Conifer,” Mooney said in a statement.

Last year, SPi had approximately $62.5 million in revenue, ranking it 80th on the Healthcare Informatics 100. This acquisition makes it the latest company on the list to either be acquired or do the acquiring themselves. Recently, Cerner bought Siemens' health IT division and TriZetto was acquired by Cognizant.

Read the source article at MarketWatch

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More



Trump will Nominate Acting VA Secretary Wilkie for Permanent Position

Just a day after the Department of Veterans Affairs (VA) and Cerner inked their $10 billion EHR (electronic health record) deal, President Trump said he would be nominating Acting VA Secretary Robert Wilkie for the permanent position.

ONC Names API Server Showdown Stage 2 Winner

The Office of the National Coordinator for Health Information Technology (ONC) has named 1UpHealth as the Stage 2 winner of the “Secure API Server Showdown” challenge.

EHNAC Developing Trusted Exchange Accreditation Program

To align with the Trusted Exchange Framework and Common Agreement, the Electronic Healthcare Network Accreditation Commission, a nonprofit standards development organization and accrediting body, is working with other organizations to establish a new Trusted Exchange Accreditation Program.

Lawmakers Demand New VA CIO, Citing “Malign Neglect” on EHR Project

A group of Democratic federal lawmakers, five senators and six members of Congress, are calling out the U.S. Department of Veterans Affairs (VA) for what they call “malign neglect” in the agency’s efforts to achieve electronic health record (EHR) modernization.

Medical Record Access Proves Costly for Some Patients, GAO Report Finds

Federal law requires healthcare providers to give patients access to their medical records, but according to a new GAO report, some patients believe they’re being charged too much to access their records.

Parkland’s Innovation Bridge Takes ‘Genius Bar’ Approach to Digital Health Apps

Taking inspiration from the Apple Genius Bar and Ochsner Health System’s O Bar, the Dallas-based Parkland Center for Clinical Innovation in collaboration with Parkland Health & Hospital System has opened an “Innovation Bridge” to assist patients with health-related apps.