Machinify Expands AI-Powered Healthcare Payment Integrity with $670M Acquisition of Performant Healthcare

Machinify, a leading healthcare data company, has completed its acquisition of Performant Healthcare for approximately $670 million, marking a significant expansion of its artificial intelligence-driven payment integrity platform. The deal, which closed recently, is set to broaden Machinify's reach into government programs and enhance its ability to serve both commercial and government payers.

Strategic Integration to Enhance Payment Accuracy

The acquisition combines Performant's expertise in audit and recovery with Machinify's advanced AI platform, creating a powerhouse in the healthcare payment integrity sector. This integration is expected to deliver faster and more accurate insights, reduce administrative burdens, and unlock greater savings for health plans.

Machinify's CEO stated, "With the addition of Performant, we now support hundreds of millions of claims annually and deliver billions in savings through our unified AI and human-expertise model. This helps our clients reduce waste, improve provider relationships, and ensure accuracy from contracts to claims."

Expanding Reach and Capabilities

Following the acquisition, Machinify's enhanced platform will offer:

• End-to-end intelligence spanning claim error detection, prevention, recovery, and coordination of benefits
• Support for both commercial and government payers
• A unified approach combining AI technology with human expertise

Performant CEO Simeon Kohl will join the Machinify leadership team, ensuring continuity and integration of Performant's capabilities into the combined entity.

Industry Impact and Future Outlook

Matt Holt, Managing Director and President of Private Equity at New Mountain Capital, which acquired Machinify earlier this year, commented on the strategic importance of the deal: "Performant strengthens Machinify's leadership as the next-generation platform for payment accuracy and intelligence. This strategic integration aligns with Machinify's mission to make payments smarter, faster, and more transparent."

The acquisition is expected to have a significant impact on the healthcare ecosystem, potentially delivering increased value to payers, providers, and patients through improved payment accuracy and efficiency.