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Mergers and Acquisitions (M&A): Machinify Acquires Performant Healthcare, Inc. (Nasdaq: PHLT) for $670 Million

Mergers and Acquisitions (M&A): Machinify Acquires Performant Healthcare, Inc. (Nasdaq: PHLT) for $670 Million

October 27, 2025 Craig Etkin

Machinify has announced the acquisition of Performant Healthcare. According to the company announcement Machinify is a leading healthcare intelligence company that specializes in delivering value, transparency, and efficiency to health plan clients nationwide. The company utilizes a fully configurable, content-rich, and AI-powered platform, complemented by expert knowledge. Machinify’s solutions are currently deployed by over 60 health plans, including many of the top 20, collectively representing more than 160 million lives. Machinify is also a portfolio company of New Mountain Capital and is in the process of acquiring Performant Healthcare, Inc. for approximately $670 million, aiming to create a modern healthcare payments intelligence platform built for accuracy and transparency.

To learn more about Machinify, visit https://www.machinify.com/
Company LinkedIn Page: https://www.linkedin.com/company/machinify/

Company Contact:

Machinify
635 High St Palo Alto, CA 94301
650-313-2932

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Mergers and Acquisitions (M&A)
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