Machinify to acquire Performant Healthcare for $670m.

Machinify, a healthcare intelligence company, agreed to acquire Performant Healthcare, a provider of technology-enabled payment integrity, eligibility, and related analytics services, for $670m. “At Machinify, we are creating the modern, healthcare payments intelligence platform built for accuracy and transparency. By combining our powerful Payer Operating System with Performant’s trusted domain expertise and differentiated data assets, Machinify will support a broader range of clients, including the Centers for Medicare and Medicaid, and state and local governments. The combined company will deliver quality, timely payments at dramatically reduced administrative costs,” David Pierre, Machinify CEO.