Tendo, a patient engagement software company, said today it plans to acquire MDsave, a nationwide provider marketplace company, for $150 million.
Tendo CEO Dan Goldsmith said the $150 million deal will be entirely financed by Tendo’s balance sheet and is expected to close in October. Goldsmith said the deal will allow his company to expand product offerings for its health system customers and incorporate its platform into MDsave’s provider marketplace. With this integration, he said patients will be able view physician-level metrics such as volume of procedures, outcomes and complications when they are selecting care, reports Modern Healthcare. Read more.
