Simplify Healthcare completed the acquisition of Virtical.ai.

Simplify Healthcare, a provider of enterprise SaaS solutions, completed the acquisition of Virtical.ai, a pioneering Artificial Intelligence company. Financial terms were not disclosed. "We are thrilled to welcome Virtical.ai to the Simplify Healthcare family. This strategic move underscores our unwavering commitment to AI and its potential to transform how Payers operate. Together, we will equip our customers with the tools they need to seamlessly integrate AI into their workflows and unlock its full potential. With AI models that are able to consume and make sense of the complex documents at Payers, such as SBCs to radically transform plan comparison and selection; and ingest the hard to understand Machine Readable Files (MRFs) around price transparency, we will now be able to fuel the growth strategies for Payers. In concert with the Simplify Health Cloud™, this creates a crucial value proposition for our customers. I am excited about the tremendous value we can bring to Payers, together with Deepak and his team," Mohammed Vaid, Simplify Healthcare CEO.