The acquisition of Inovalon, a provider of cloud-based platforms empowering data-driven healthcare, was completed by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital, and Inovalon founder and chief executive officer Keith Dunleavy, M.D. and certain Class B stockholders of the company.
The acquisition was approved last week by Inovalon’s stockholders. Inovalon stockholders will receive $41 in cash for each share. As a result of the transaction, Inovalon is now a privately held company and shares of Inovalon no longer list on the Nasdaq. Read more.
