Conifer Health Solutions, a subsidiary of Dallas-based Tenet Healthcare Corp., has agreed to acquire InforMed Health Care Solutions. It expects the company to contribute more than $50 million in incremental annual revenue to Conifer.
An information management and services company based in Annapolis, Md., InforMed has 230 clients in the Northeast, Mid-Atlantic, and Midwest, more than 300 employees, extensive healthcare data, and proprietary technology.
The acquisition will supplement Conifer Health’s existing suite of business process management solutions by providing additional population health management capabilities, expanding Conifer’s service offerings and accelerating their time to market.
“We are very excited to be adding such tremendous population health management resources to our existing Cap Management Systems group capabilities at Conifer Health,” said Stephen Mooney, president and CEO of Conifer Health Solutions, in a statement. “Conifer already manages 650,000 lives through clinical integration consulting, financial risk management and population health management services …We’ll be bringing in great talent from InforMed, along with its exceptional tools and technology to supplement those services and enable us to find even better ways to improve quality and lower healthcare costs.”