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New Deal


Announced

Cority to acquire Axion Health.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Employee Health software

United States

Acquisition

Friendly

Majority

Single Bidder

Private Equity

Software

Private

Synopsis

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Cority, a Thoma Bravo portfolio company, a provider of environmental, health, safety, and quality software, agreed to acquire Axion Health, a producer of Employee Health software solutions for healthcare providers. Financial terms were not disclosed. The addition of Axion Health further strengthens Cority’s ability to deliver value to healthcare organizations by adding the turnkey solution for Employee Health. “Both companies are in the business of serving customers by protecting workers, relieving complex regulatory burdens, and driving operational efficiencies and wellness outcomes. Together, we provide the broadest and deepest employee and occupational health SaaS solutions for the healthcare industry,” Gage Garby, Axion Health Co-Founder and CEO.

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