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Panacea Healthcare Solutions acquires CBIZ KA Consulting Services, LLC to enhance revenue integrity capabilities

Sep 17, 2024•over 1 year ago

Acquiring Company

Panacea Healthcare Solutions

Acquired Company

CBIZ KA Consulting Services

St. PaulWindsorHealth CareSoftwareConsulting

Description

Panacea Healthcare Solutions, a leading provider of healthcare financial and clinical software and tech-enabled services, has announced the acquisition of CBIZ KA Consulting Services, LLC. This acquisition will strengthen and expand Panacea's ability to deliver comprehensive financial, revenue integrity, and compliance products and services to healthcare organizations nationwide.

Company Information

Company

Panacea Healthcare Solutions

Location

St. Paul, Minnesota, United States

About

Panacea Healthcare Solutions is a leading provider of healthcare financial and clinical software and tech-enabled services, backed by Firmament. It provides revenue integrity software and services to more than 600 hospitals and health systems nationwide, enabling healthcare providers to optimize and manage their pricing strategy, pricing transparency & integrity, claims & reimbursement, and compliance training.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed