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Announced

Completed

Gradient AI completed the acquisition of healthcare analytics business unit from Prognos 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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Private

analytics business

United States

Completed

Acquisition

Friendly

Single Bidder

Domestic

Majority

Information / Data Services

Synopsis

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Gradient AI, a provider of Artificial Intelligence and Machine Learning based solutions designed specifically insurance industry, completed the acquisition of healthcare analytics business unit from Prognos Health, a health tech company. Financial terms were not disclosed. “The acquisition of Prognos underwriting business unit is a game changer. Our combined solution will provide a holistic picture of group health risk that has never before been possible. Insurers will now have a single point of access to multiple data sources, covering medical, prescription and lab data improving their abilities to project group health assessments and costs with much greater confidence,” Stan Smith, Gradient AI CEO and founder.

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