On March 1, 2023, agilon health, the trusted partner empowering physicians to revolutionize healthcare, announced the acquisition of mphrX, a prominent provider of value-based care technology and interoperability solutions. Post this deal, mphrX will transform into a wholly-owned and operated subsidiary of agilon health.
Steve Sell, Chief Executive Officer, agilon health, stated, "At agilon, we are always looking for opportunities to better support our partners and help them more rapidly shift to a value-based, Total Care Model that improves patient outcomes and reduces costs." He added, "With this acquisition, agilon will be able to offer improved value for our partners and their patients earlier in our partnership, marking an important milestone as we scale our model into more communities."
(Source – Business Wire)
mphrX's Minerva Healthcare Data Platform makes use of FHIR-based standards to facilitate data aggregation, accessibility, and storage for healthcare providers operating in a variety of settings. The combination of Minerva and agilon's enterprise IT platform will improve performance and shorten the time it takes to deliver value to patients and healthcare providers by streamlining the onboarding of agilon partners and facilitating the integration of clinical data.
Mahesh Uberoi, President and Chief Executive Officer, mphrX expressed, "We are thrilled to be joining the agilon family and working together on our shared mission to transform health care." "The integration of Minerva into agilon's enterprise technology platform will provide greater access to our rich data set, enabling both companies to have a greater impact for our partners and customers," he concluded.
(Source – Business Wire)
The acquisition, which was finalized on February 28, 2023, represents an investment of $45 million by agilon. Meanwhile, the management does not expect mphrX to significantly impact agilon's adjusted EBITDA in 2023. Besides, mphrX retained Macquarie Capital as its sole financial advisor.
About agilon health
agilon health empowers physicians to revolutionize healthcare. It makes it easier for physician groups to switch to a value-based whole-care model for older patients using partnerships and a platform. The company's technology, people, money, process, and peer network of 2,200+ PCPs allow physician groups to keep their independence and focus on the entire health of their most vulnerable patients.