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Elation Health Acquires Medical Billing Company Lightning Md To Accelerate Market'S First Primary Care All-In-One Solution

Feb 16, 2023•over 2 years ago

Acquiring Company

Elation

Acquired Company

Lightning MD, Inc.

Palm DesertMedicalHealth Care

Description

Elation Health, the technology company powering innovation in primary care, today announced its strategic acquisition of Lightning MD, leader in cloud-based medical billing and payer connectivity. The acquisition is part of Elation's expansion as the sector's first all-in-one technology solution for primary care practices. Elation is combining its clinical-first electronic health record (EHR) and Best in KLAS, integrated virtual care platform with the modern medical billing and revenue management software to elevate both the physician and patient care experiences. The company will also continue to support practices integrated with over 20 practice management and billing solutions connected via the Elation application programming interface (API).

Company Information

Company

Elation

About

Elation Health is the most trusted technology platform for high-value primary care. Since 2010, the company has delivered clinical-first solutions — built on a collaborative EHR platform — that helps primary care organizations start, grow, and succeed in delivering the highest-quality personalized care to patients. Elation supports primary care clinicians by relieving administrative burden and restoring the doctor-patient relationship so that they can return to the craft of medicine. The company serves 24,000 clinicians caring for more than 12 million Americans, including thousands of small independent practices and large prominent digital health innovators. Elation Health is looking at another year of advancement ahead, securing $50 million in Series D funding in 2022 with plans to keep investing in technology and services as they continue to rapidly scale. Learn more at elationhealth.com, LinkedIn, and Twitter. SOURCE Elation Health

FundzWatch™ Score

High M&A Activity

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