Health Catalyst, Inc. acquired Electronic Registry Systems, Inc. for $12.8 million.
November 02, 2023
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Health Catalyst, Inc. (NasdaqGS:HCAT) acquired Electronic Registry Systems, Inc. on October 2, 2023.
Health Catalyst, Inc. (NasdaqGS:HCAT) completed the acquisition of Electronic Registry Systems, Inc. for $12.6 million on October 2, 2023. Health Catalyst acquired Electronic Registry Systems for preliminary consideration of approximately $11.4 million in cash and 175,901 shares of common stock that will be subject to revesting over a period of 18 months.
Health Catalyst, Inc. is a provider of data and analytics technology and services to healthcare organizations. The Companyâs solution comprises its cloud-based data and analytics platform, software applications, and professional services expertise. The Company operates through two segments: Technology and Professional Services. The Technology segment includes its data platform, analytics applications and support services and is focused primarily on contracts that are cloud-based subscription arrangements, time-based license arrangements, and maintenance and support fees. The Professional Services segment is generally the combination of analytics, implementation, strategic advisory, outsourcing, and improvement services to deliver capabilities to its customers to fully configure and utilize the benefits of its technology offerings. Its clients include academic medical centers, integrated delivery networks, community hospitals, physician practices, health insurers, and others.
HEALTH CATALYST, INC. 
