Data analytics vendor Health Catalyst acquires health information exchange vendor Medicity. The companies are 14 miles apart from one another in Salt Lake City.
“Based on the evolution of Aetna’s consumer health strategy,” a company representative says, “we have agreed to divest Medicity to Health Catalyst. The transaction is expected to close within 90 days. We are not disclosing further details at this time.”
Though the company rep didn’t disclose price, it’s worth noting Aetna acquired Medicity in early 2011 for $500 million.
Health Catalyst President Brent Dover served as president of Medicity prior to joining Health Catalyst in 2013. His time with the company began with Park City Solutions, which Medicity acquired in 2006. This acquisition is Health Catalyst’s second. It purchased competitor Health Care DataWorks in 2015. Though the Medicity team alerted us to the development early, I chose not to release the news until employees and customers had been notified.