M&A activity in the healthcare finance technology is heating up, evidenced by large transactions such as Cedar buying OODA Health and R1 RCM buying VisitPay. Experts agree that this activity won't end anytime soon, and it will have a positive impact on providers and patients.
Healthcare payments startup Cedar acquired another billing startup, OODA Health, for $425 million. The deal would bring together billing tools for providers and payer onto one platform.
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The fundraising round was led by Oak HC/FT and DFJ and also included support from healthcare organization parnters like Dignity Health and Blue Shield of California.