Health Catalyst, Inc. (HCAT), a leading provider of data and analytics technology for healthcare organizations, announced on Monday its acquisition of Upfront Healthcare Services, Inc., which specializes in patient engagement platforms. The transaction, anticipated to be finalized in the first quarter, will be financed using a combination of cash and stock. This strategic acquisition is intended to merge Upfront's proficiency in patient acquisition and scheduling with Health Catalyst's comprehensive patient engagement offerings, including Twistle Patient Engagement and the Lumeon by Health Catalyst Care Orchestration platform.
The integration is designed to elevate the patient experience by furnishing healthcare clients with advanced tools to enhance access, close care gaps, and enhance care transitions. This initiative aligns seamlessly with Health Catalyst's mission of fostering data-driven improvements in healthcare.
On Friday, HCAT concluded trading on the Nasdaq at $6.89, reflecting a 6.39 percent decline, a decrease of $0.47.
