Mass.-based software company acquires Reston care management platform
HealthEdge Software Inc. buys Altruista
Burlington, Massachusetts-based HealthEdge Software Inc. announced in late December that it has acquired Reston-based Altruista Health Inc.
Financial terms of the acquisition were not disclosed.
Founded in 2007, Altruista provides its cloud-based enterprise care management platform, GuidingCare, to approximately health care clients representing more than 16 million members. The platform streamlines management workflows. HealthEdge also provides care management software. The combined company will serve more than 90 customers.
“By adding GuidingCare to our platform, we are able to provide our customers with a unique value proposition of claims processing enhanced with software-driven payment integrity at the point of service that feeds data to an end-to-end care management solution that can extract critical insights in near real-time to care delivery teams,” HealthEdge CEO Steve Krupa said in a statement.
TripleTree LLC served as financial adviser and Debevoise & Plimpton LLP served as legal adviser to HealthEdge. Altruista used McDermott Will & Emery LLP as its legal adviser.