Performant Healthcare Inc. to Be Acquired by Machinify in $670 Million Deal

Reuters08-01

Performant Healthcare Inc. to Be Acquired by Machinify in $670 Million Deal

Performant Healthcare, Inc., a leading provider of technology-enabled payment integrity and related analytics services, has announced a definitive agreement to be acquired by Machinify, a healthcare intelligence leader and portfolio company of New Mountain Capital. The transaction values Performant at approximately $670 million, with stockholders set to receive $7.75 in cash per share, representing a 139% premium to the company's 90-day volume-weighted average price. The acquisition aims to modernize IT infrastructure and enhance patient-centric data networks, aligning with a more efficient and productive care model. The deal is expected to close by the end of 2025, following customary closing conditions and approvals. The board of directors of Performant has unanimously approved the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Performant Healthcare Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250801154303) on August 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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