Q1 2024 Payor Services Update
Q1 2024 Payor Services Update
The payor services sector rang in the New Year with four strategic transactions. Two of the transactions, Remodel Health’s acquisition of PeopleKeep and Alivia’s acquisition of SourcEdge, were largely driven by an interest to improve the buyer’s technology offerings and provide a more comprehensive suite of services. Rite Aid’s divesture of Health Dialog should provide both Rite Aid and Carenet Health with an improved focus on the company’s core businesses of patient engagement.
Provident anticipates an uptick in strategic payor services deals following last quarter’s platform creation and the appetite of strategic players to enhance their tech offerings, expand the breadth of services offered, and improve their core business model.
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