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ImagineSoftware Acquires ProviderAlly to Strengthen Capabilities in Healthcare RCM Space
Thursday 14 March 2019

14 March 2019 - New York, US-based ImagineSoftware, a revenue cycle management (RCM) SaaS platform has acquired New York-based payment reconciliation services provider PlatformAlly to strengthen the technology in IMagineSoftare's existing service offering, the company said.

Terms of the transaction were not disclosed.

ImagineSoftware is a portfolio company of Denver, US-based private equity firm Mountaingate Capital.

The addition of ProviderAlly will further help clients optimise billing and collections workstreams.

ImagineSoftware is the provider of billing automation software and revenue cycle management applications.

Offering technology solutions for medical billing offices, practices, and hospitals, Imagine Software currently serves more than 46,000 physicians. ImagineSoftware solutions improve financial efficiency, build provider reputation, and ultimately improve patient experience.

Mountaingate Capital specialises in building and empowering companies with strong growth potential and engaged leadership teams.

ProviderAlly provides a comprehensive financial data picture to the healthcare industry, bridging the divide between banking and practice management systems and allowing clients to understand payments in their organisation while validating every dollar to the deposited funds.
Date Published: 14/03/2019
Target: PlatformAlly
Country: USA
Sector: Computer Software
Type: Corporate acquisition
Status: Closed
Buyer: ImagineSoftware
Terms of the deal were not disclosed