Cross Atlantic Capital Partners has completed the successful divesture of Health Market Science (HMS), a supplier of health care professional data, to LexisNexis Risk Solutions.
With this acquisition, HMS’s proprietary data will be added to LexisNexis’ suite of data management solutions and included on its open source, big data processing platform called HPCC Systems.
LexisNexis, together with HMS, will deliver data and data linking capabilities to help address complex challenges, such as regulatory compliance, rising health care costs, coordination of care, provider performance and fraud, waste and abuse (FWA) that are driven by inaccurate information about doctors, hospitals and health systems.
The combined LexisNexis and HMS datasets will result in one of the world’s largest health care provider databases.
In addition to the exit of HMS, Cross Atlantic also successfully exited its position in National Diversified Sales to a subsidiary of a German strategic acquirer.
“Cross Atlantic Capital Partners’ investment, completed in 2010, allowed HMS to invest heavily in its technology platform which enabled us to grow at a much faster pace,” said Matt Reichert, Health Market Science chief executive officer. “We want to thank the Cross Atlantic team (Richard Fox, director & chairman of the compensation committee, and Carter Caldwell, board observer) for their contributions and for being helpful guides in that effort,” he added.
Cross Atlantic Capital, US, HMS, LexisNexis Risk Solutions, Risk Management, Matt Reichert, Richard Fox, Carter Caldwell
