SALT
LAKE CITY, Jan. 13, 2025 /PRNewswire/ -- Health
Catalyst, Inc. ("Health Catalyst," Nasdaq: HCAT), a leading
provider of data and analytics technology and services to
healthcare organizations, today announced it has signed a
definitive agreement to acquire Upfront Healthcare Services, Inc.
("Upfront"), a next-generation patient engagement platform
provider. Health Catalyst anticipates the acquisition will close in
the first quarter of 2025.
Upfront provides a market-leading patient activation and
engagement platform and a proprietary strategic marketing analytics
and content personalization solution for healthcare enterprises.
Upfront's automated patient acquisition and retention solutions
enable healthcare organizations to win loyalty and guide every
patient to optimal care by leveraging hyper-personalized
experiences.
The combination of Upfront's patient acquisition and scheduling
expertise with Health Catalyst's current robust patient engagement
portfolio is expected to strengthen the patient experience
foundation set by Twistle Patient Engagement by Health Catalyst™
and the Lumeon by Health Catalyst™ Care Orchestration platform,
which both help patients stay informed throughout the care
process.
Health Catalyst also looks forward to integrating Upfront's
technology into its offerings, as Upfront's technology analyzes
clinical, sociodemographic, and patient-reported data to digitally
guide patients to the care they need, helping care providers
reengage patients, promote appointment attendance, streamline
scheduling and referrals, and improve care transitions.
Bolstered by the data foundation and deep analytical insights
provided by Health Catalyst Ignite™ Data and Analytics, the
combination of Upfront's technology and Health Catalyst Ignite™
will aim to help healthcare clients provide their patients with the
best possible care.
"We are excited to welcome the Upfront team and combine our
mission-driven mindsets and patient experience capabilities. Guided
by our commitment to igniting data-informed healthcare improvement
with patient experience as a top priority, we are positioned to
provide meaningful support to our clients for the patient care
journey," said Health Catalyst CEO Dan
Burton. "Fostering improved patient engagement and
satisfaction is critical, and by adding Upfront to Health
Catalyst's existing portfolio, we can better support our clients in
their efforts to optimize access, improve care transitions, and
close care gaps."
"We're thrilled to join the Health Catalyst family," said
Ben Albert, CEO and Co-founder at
Upfront. "By combining Upfront's capabilities with Health Catalyst
Ignite, we're creating a comprehensive solution to elevate patient
engagement and activation. Together, we'll provide our clients with
a single partner aiming to transform the patient experience and
ensure every patient is guided to the care they need. We're looking
forward to what's ahead."
Health Catalyst plans to fund the transaction with a mix of
cash and stock. Additional details regarding the acquisition were
included in Health Catalyst's Form 8-K filed with the Securities
and Exchange Commission ("SEC") on January
13, 2025.
About Health Catalyst
Health Catalyst (Nasdaq: HCAT) is a leading provider of data and
analytics technology and services that ignite smarter healthcare,
lighting the path to measurable clinical, financial, and
operational improvement. More than 1,000 organizations worldwide
rely on Health Catalyst's offerings, including our cloud-based
technology ecosystem Health Catalyst Ignite™, AI-enabled data and
analytics solutions, and expert services to drive meaningful
outcomes across hundreds of millions of patient records. Powered by
high-value data, standardized measures and registries, and deep
healthcare domain expertise, Ignite helps organizations transform
complex information into actionable insights. Backed by a
multi-decade mission and a proven track record of delivering
billions of dollars in measurable results, Health Catalyst
continues to serve as the catalyst for massive, measurable,
data-informed healthcare improvement and innovation.
About Upfront Healthcare
Upfront is a mission-driven healthcare company delivering tangible
outcomes to leading healthcare systems and provider groups. Its
patient engagement and access platform makes each patient feel
seen, guiding their care experience through personalized outreach.
The backbone of the Upfront experience is its data engine, which
analyzes clinical, sociodemographic, and patient-reported data.
These insights, along with its advanced psychographic segmentation
model, allow Upfront to individually activate patients to get the
care they need while building a meaningful relationship between the
patient and their health system. Upfront is rooted in partnership,
leveraging best-in-class healthcare expertise to maximize the
impact of technology and deliver a next-generation patient
experience.
Forward-Looking Statements
This release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995, as amended.
These forward-looking statements include statements regarding
Health Catalyst's ability to close and the timing of the closing of
the acquisition of Upfront, its integration with Health Catalyst,
and the benefits derived therefrom. Forward-looking statements are
subject to risks and uncertainties and are based on potentially
inaccurate assumptions that could cause actual results to differ
materially from those expected or implied by the forward-looking
statements. Actual results may differ materially from the results
predicted, and reported results should not be considered as an
indication of future performance.
Important risks and uncertainties that could cause actual
results to differ materially from Health Catalyst's expectations,
plans and prospects, including the benefits that will be derived
from this transaction, include without limitation, conditions to
closing the transaction not being satisfied, the risk of adverse
and unpredictable macro-economic conditions, the potential impact
on the business of Upfront due to the announcement of the
transaction, and our ability to integrate Upfront into Health
Catalyst's portfolio. For a detailed discussion of the risk factors
that could affect Health Catalyst's actual results, please refer to
the risk factors identified in Health Catalyst's SEC reports,
including, but not limited to, the Quarterly Report on Form 10-Q
for the fiscal quarter ended September 30,
2024, filed with the SEC on November 6, 2024 and the Annual Report on Form
10-K for the year ended December 31,
2023, filed with the SEC on February
22, 2024. All information provided in this release and in
the attachments is as of the date hereof, and Health Catalyst
undertakes no duty to update or revise this information unless
required by law.
Media Contact:
Amanda Flanders
Senior Vice President of Marketing and Communications
media@healthcatalyst.com
808.743.1781
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SOURCE Health Catalyst