Baltimore, MD (PRWEB) October 31, 2013
SC&H Capital, an investment banking and advisory firm focused on middle market and growth companies, served as the exclusive financial advisor for the acquisition of Professional Data Services (PDS) by iVantage Health Analytics, Inc.
The addition of PDS represents the continued expansion of the iVantage Health Analytics solution suite into the marketplace. PDS offers managed care analytics, internal/external payment benchmarking solutions to support payor negotiations, and strategic planning/execution services for hospitals.
Originally developed for hospitals at the Hospital Association of Southern California (HASC), PDS provides a Software-as-a-Service (SaaS) based analytic tool developed to help with hospital revenue optimization and benchmarking by using proprietary paid claims data. Hospital associations around the country are adopting this tool to support their association members’ needs for bundled payment contracting.
“We were pleased to be able to serve as the trusted advisor to iVantage throughout the entire lifecycle of this deal,” said Kevin O’Sullivan, Senior Vice President at SC&H Capital. “This is a significant deal because it will allow iVantage to help its hospital clients make better business decisions in a health care climate that is becoming increasingly regulated.”
Financial terms of the acquisition were not disclosed.
About SC&H Capital
SC&H Capital, an affiliate of SC&H Group, LLC, is an investment banking and advisory firm focused on middle market and growth companies. SC&H Capital supports their investment banking activity with a full suite of strategic and financial resources to assist companies in the development and execution of strategic plans and initiatives. In conjunction with SC&H Group, LLC, SC&H Capital tailors their advisory services to ensure that their clients receive pertinent and valuable advice in every stage of the business life cycle – not just at the time of sale.
About iVantage Health Analytics
iVantage is a leading provider of health care informatics and business analytics solutions that transform complex data into actionable business intelligence. This platform is used by hospital management teams to drive empirical and evidence based decision making. These tools are positioned at the center of a large market opportunity due to increased demand for meaningful data, driven by new compliance based requirements and operational challenges of the Patient Protection and Affordable Care Act (“PPACA”). iVantage has been growing at approximately 50% per year.
Securities offered through Stout Causey Capital Corporation, member FINRA/SIPC.
Read the full story at http://www.prweb.com/releases/2013/10/prweb11277608.htm.
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