Data analytics vendor Health Catalyst has expanded its business opportunities by acquiring analytics firm Health Care DataWorks (HCD), getting complimentary technology and five major delivery systems as clients.
Salt Lake City-based Health Catalyst, serving provider organizations that collectively represent more than 50 million patients, bought HCD for an undisclosed amount of cash and stock. Leadership at both companies, who came from academic health systems, have known each other for many years and there has been collaboration in the past that over time made combining the companies a logical move, says Dan Burton, CEO at Health Catalyst, which has about 400 employees.
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