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Phreesia Acquires Medifind, Reinforcing Its Commitment To Patient-Centered Care And Expanding Its Offerings To Consumers

Jul 14, 2023•over 2 years ago

Acquiring Company

Phreesia

Acquired Company

MediFind

WilmingtonHealth CareInformation TechnologyMedicalBiotechnologyHealth Care

Description

Phreesia, a leader in patient intake, outreach and activation, is pleased to announce it has acquired Comsort, Inc. d/b/a MediFind (“MediFind”), a health technology company that uses advanced analytics to help patients—especially those with serious, chronic and rare diseases—find better care faster.

Company Information

Company

Phreesia

Location

Wilmington, Delaware, United States

About

Phreesia is the trusted leader in patient activation, giving providers, health plans, life sciences companies and other organizations tools to help patients take a more active role in their care. Founded in 2005, Phreesia enabled more than 120 million patient visits in 2022–more than 1 in 10 visits across the U.S.–scale that we believe allows us to make meaningful impact. Offering patient-driven digital solutions for intake, outreach, education and more, Phreesia enhances the patient experience, drives efficiency and improves healthcare outcomes. To learn more, visit phreesia.com.

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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