Preeti Singh | Dec. 21, 2020 7:00 am ET
The private-equity firm’s investment is helping Zipari acquire Healthx and expand to reach third-party
administrators
Software- and technology-focused Thoma Bravo is building up its presence in the health-care software
sector.
The Chicago private-equity firm is taking a majority position in Zipari Inc., a company that helps insurers improve their interactions with customers. With the investment, Zipari is combining with Healthx Inc., an Indianapolis company that also works with insurers in the payments area and was backed by private-equity firm JMI Management.
The deal values the combined business at more than $500 million, said Mark Nathan, Zipari’s founder and chief executive. The transaction provided an exit for JMI, a person familiar with the situation said. JMI
acquired Healthx in 2016.
After the combination, Zipari will work with nearly 200 clients, offering more than 20 products designed to lower payers’ costs and improve their returns by enabling more efficient communications between insurers, health-care providers and patients, according to a news release.
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