RADNOR, PA — Vālenz Health has finalized its acquisition of Healthcare Bluebook, a leading platform for healthcare cost and quality navigation. This strategic move combines the strengths of both companies, creating a unified experience for member engagement and payment integrity.
“This is a transformative moment for the industry. We are addressing the unmet needs of the market and eliminating point solution fatigue through a single, integrated platform designed to simplify healthcare,” said Rob Gelb, Chief Executive Officer of Valenz Health. “Our acquisition of Healthcare Bluebook empowers us to create a uniquely data-informed platform that drives momentum in enabling smarter, better, faster, transparent healthcare. Together, we will ensure our customers and their members have access to high-value care with innovative network options and a full suite of prospective tools to improve the member experience, create choice for employers, and establish rewards for all.”
Healthcare Bluebook has made a name for itself by combining objective price and quality data with user-friendly online navigation. This approach has generated savings and measurable returns on investment for consumers and employers. Valenz Health offers innovative solutions that include extensive data sets, care management, payment integrity, and plan performance support. The merged platforms will enhance their ability to support growth, improve outcomes, and deliver a positive experience.
Mike O’Neil, CEO of Healthcare Bluebook, expressed optimism about the future. “As a combined business, we are excited to unlock new long-term strategic growth opportunities and value for our customers and their members. Healthcare Bluebook will operate in ‘business as usual’ mode for the foreseeable future. Over time, Valenz Health and Healthcare Bluebook will integrate our data and functionality to enhance our client offerings while maintaining the product, service and outcomes that our customers rely on.”
Valenz Health first announced its intent to acquire Healthcare Bluebook in mid-July. With the acquisition now complete, Healthcare Bluebook customers will benefit from Valenz Health’s integrated platform, which aims to optimize healthcare cost, quality, and utilization.
Stifel and Raymond James acted as financial advisors for Valenz Health, while William Blair served as financial advisor for Healthcare Bluebook. Legal counsel for Valenz Health was provided by Debevoise & Plimpton LLP, and Goodwin Procter LLP represented Healthcare Bluebook.
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