- Arcadia Healthcare Solutions has acquired ACO implementation provider Sage Technologies.
- The acquisition strengthens Arcadia's position as a market leader in full-service managed care.
- Funding is being provided by existing Arcadia investors and new investors led by Peloton Equity, with participation by Morgan Stanly Alternative Investment Partners, Zaffre Investments and Escalate Capital Partners.
"The Arcadia strategy is predicated on the notion that healthcare is in an irreversible transition from volume-based to value-based care, where unlocking the value of EHR data is the key to success. In the context of this enormous change, we are on a steady search for strategic opportunities to add to our competitive offering and strengthen our company for the growth ahead," said Arcadia CEO Sean Carroll. "Specifically, Sage brings differential operational expertise in supporting organizations well into this journey and a deeply engaged client base with a strong presence in the midwest."
Arcadia currently supports the performance and operation of 3,000 provider practices and its analytics technology enable customers to aggregate clinical data from more than 30 different EHR vendors and various health insurance claims systems.