The all-cash acquisition could include an additional $28 million if Populi hits certain performance objectives. The acquisition comes just weeks after Definitive laid off 42 workers, according to a filing with the U.S. Securities and Exchange Commission.
Populi’s analytics are used by Philadelphia-based University of Pennsylvania Health System and Detroit-based Henry Ford Health.
“Our purchase of Populi is one of several investments that we’re making to increase the value that we provide to customers,” Definitive CEO Robert Musslewhite said. “We continue to grow and expand in all of our markets.”
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
