MDaudit and Streamline Well being Announce Definitive Merger Settlement

MDaudit, a portfolio firm of Bregal Sagemount & Primus Capital and an award-winning cloud-based steady danger monitoring platform that permits the nation’s premier healthcare organizations to attenuate billing dangers and maximize revenues, and Streamline Well being Options, Inc., a number one supplier of options that allow healthcare suppliers to enhance monetary efficiency, introduced at the moment that they’ve entered right into a definitive merger settlement pursuant to which MDaudit will purchase Streamline.

This mixture brings collectively two organizations that share a standard imaginative and prescient: enabling healthcare organizations to develop affected person care and entry by bettering monetary stability. By becoming a member of Streamline’s pre-bill integrity options with MDaudit’s strong billing compliance and income integrity platform, the events consider that the mixed group will likely be uniquely positioned to unify disparate information silos, broaden govt insights, and drive coordinated actions throughout the income cycle continuum to speed up income outcomes and mitigate danger.

“At a time when well being methods are going through mounting monetary and operational pressures, we consider the longer term belongs to those that can join the dots throughout the income cycle continuum with data- and AI-driven options,” mentioned Ritesh Ramesh, CEO of MDaudit. “Streamline’s RevID and eValuator options complement MDaudit’s present strengths in billing compliance and income integrity capabilities by enabling pre-bill visibility in real-time to unlock income alternatives. These options replicate our shared perception that human-driven income cycles deserve proactive, systemwide intelligence with closed suggestions loops which are actionable”.

“MDaudit and Streamline have at all times believed that essentially the most refined know-how gained’t drive profitable outcomes with out an unwavering give attention to buyer satisfaction,” mentioned Ben Stilwill, CEO of Streamline Well being. “Our groups have constructed belief by being true companions to our clients. Collectively, we’re constructing a broader platform that displays the fact of at the moment’s income cycle: distributed groups, disconnected information, and immense accountability. Collectively, we’re delivering foresight and motion; not simply studies or alerts.”

Transaction Abstract

On the efficient time of the merger, a wholly-owned subsidiary of MDaudit will merge with and into Streamline, with Streamline surviving the merger as a wholly-owned subsidiary of MDaudit. The closing of the transaction is topic to sure customary closing circumstances, together with approval of the merger settlement by the Streamline stockholders. The transaction just isn’t topic to a financing situation, and MDaudit intends to finance the transaction utilizing a mix of money available and out there funds from current credit score amenities.

The merger is anticipated to shut in the course of the third quarter of 2025. Following the closing of the merger, Streamline’s widespread inventory will now not be listed on the Nasdaq Inventory Market, and Streamline will turn into a non-public firm.