The transaction will bolster Quantiphi's capabilities to modernize infrastructure and build new models of collaboration across providers, payers, and life sciences organizations to drive value to clients.
MARLBOROUGH, Mass., May 3, 2022 /PRNewswire-PRWeb/ -- Quantiphi, an award-winning AI-first digital engineering company, announced today that it has entered a definitive agreement to acquire the business assets of Accreon, Inc., a US and Canada-based HealthTech organization to strengthen its Healthcare and Life Sciences (HCLS) division and related solution areas. The transaction will bolster Quantiphi's capabilities to modernize infrastructure and build new models of collaboration across providers, payers, and life sciences organizations to drive digital transformation initiatives.
HCLS organizations face challenges related to siloed legacy systems that lead to disjointed coordination, security risks, and high costs involved in building interoperable systems under myriad regulatory and compliance challenges. Interoperability, a core solution capability of Accreon, resolves these key issues by enabling:
- Providers to integrate disparate systems and gain a holistic view of patient data.
- Payers to provide informed support through interoperability and improve the alignment of incentives for coordinating care.
- Life sciences organizations to leverage refined datasets for faster and more effective research.
- Government service providers to identify trends and improve citizen experiences with access to discrete population data.
"The agreement with Accreon is the next step in Quantiphi's journey to build a better future for health care. Accreon brings data and analytics capabilities that will strengthen Quantiphi's AI/ML expertise in the healthcare industry focused portfolio, and expand our reach in target markets", said Bruno Nardone, Global Head of Healthcare and Life Sciences Business Unit, Quantiphi. "We're thrilled to welcome Accreon's highly skilled team to further our commitment to providing innovative products and solutions to the healthcare ecosystem including providers, payers, life sciences and public sector organizations."
"As the maiden acquisition, Accreon adds niche capabilities to Quantiphi's strong expertise in AI-first digital engineering", said Dipen Shah, Head of Corporate Development, Quantiphi. "Accreon fits perfectly into our focused inorganic growth strategy, targeted to acquire complementary capabilities that help us bolster the value we deliver to our customers ."
Adding Accreon to Quantiphi's HCLS portfolio will complement Quantiphi's expertise to help HCLS organizations integrate electronic health systems, improve their mission-critical workflows, and deliver services more efficiently. Along with core capabilities in healthcare data management, interoperability, health insurance process optimization, EMR product implementation, and government healthcare programs, Accreon also brings proven skillsets in energy and public sector domains to Quantiphi's offering portfolio.
"We are thrilled to be joining forces with Quantiphi. This investment represents an opportunity for our growing team of professionals and others in this region to contribute to the leading edge of healthcare IT innovation through the application of cloud, AI and ML technologies in this domain", said Greg Phillips, SVP, General Manager, Accreon. "Our team has always taken immense pride in knowing that the work that we do has a meaningful contribution to people's lives and the solutions being built by Quantiphi represent the future of healthcare IT and the possibilities. This is a perfect match and is an exciting place to be."
The acquisition will expand Quantiphi's industry expertise in improving user engagement, automating workflows, driving decisions and modernizing infrastructure across the care spectrum. By integrating Accreon's assets, Quantiphi will accelerate its ability to help healthcare organizations and stakeholders around the globe make better use of their data in the ever-evolving healthcare landscape. The transaction will further supply Quantiphi with the resources and agility to expand its addressable market across geographies.
About Quantiphi
Quantiphi is an award-winning AI-first digital engineering company driven by the desire to reimagine and realize transformational opportunities at the heart of business. Quantiphi solves the toughest and most complex business problems by combining deep industry experience, disciplined cloud, data-engineering practices, and cutting-edge artificial intelligence research to achieve quantifiable business impact at unprecedented speed. We are passionate about our customers and obsessed with problem-solving to make products smarter, customer experiences frictionless, processes autonomous and businesses safer by detecting risks, threats, and anomalies. Together with partners and customers, we embark on a data and AI-led transformation journey that delivers impactful and measurable results. For more on Quantiphi's capabilities, visit http://www.quantiphi.com
Media Contact
Jhon Alexander, Quantiphi, 8044849813, [email protected]
Hannah McBeth, Quantiphi, 8012099600, [email protected]
SOURCE Quantiphi
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