SEG Sector Deals: Athenahealth to Acquire Praxify Technologies

Athenahealth, provider of cloud based services for physician practices, will acquire Praxify Technologies, developer of electronic health record applications, for $63 million. Athenahealth will utilize Praxify’s workflow optimization platforms, which leverage artificial intelligence and machine learning to increase efficiency. Furthermore, the use of Praxify’s mobile technology and user experience design will bolster Athenahealth’s R&D initiatives.

Seller Business Descriptions:

Praxify Technologies develops electronic health record (EHR) applications for physicians and patients.

Buyer Business Description:

Athenahealth is a leading provider of network-enabled services for hospital and ambulatory clients.