Streamline Health Solutions, Inc., a provider of the eValuator Revenue Integrity Program to help healthcare providers proactively address revenue leakage and compliance exposure, announced the acquisition of Avelead Consulting, a provider of solutions and services to improve revenue integrity for healthcare providers, HIT Consultant reports.
Financial terms of the acquisition include closing cash and stock consideration valued at $20M and a performance-based earnout with an estimated value of $15 million. The acquisition is expected to be financed by a $10 million term loan from Bridge Bank, cash on Streamline’s balance sheet and restricted shares of Streamline’s common stock. Read more.
