Blackstone-backed Emdeon to Acquire Altegra for $910M
July 08, 2015
Emdeon, a portfolio company of Blackstone and Hellman & Friedman, has entered into a definitive agreement to acquire Altegra Health for $910 million in cash. Backed primarily by Parthenon Capital Partners, Altegra's products enable health plans and other risk-bearing healthcare providers to generate, analyze and submit data needed to manage member care and ensure appropriate reimbursement. The transaction, expected to close in 3Q, will be financed using available cash and proceeds from new debt and equity offerings. Ropes & Gray is serving as legal advisor in connection with the deal.