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Payment Integrity Leader Claimlogiq Acquires Nlp Pioneer Sytrue

Jul 27, 2022over 3 years ago

Acquiring Company

Payment Integrity Leader

Acquired Company

SyTrue

Machine LearningArtificial IntelligenceAnalyticsBiotechnologyHealth Care

Description

ClaimLogiq, a leading technology enabling payment integrity platform, announced today that it has acquired SyTrue, the pioneer in healthcare natural language processing technology, creating a seamless and cohesive solution for clinical, coding and medical record reviews.

Company Information

Company

Payment Integrity Leader

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