Cedar buys health tech company for $425M

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Patient engagement platform Cedar will pay $425 million to acquire healthcare technology company OODA Health, the companies said May 13.

OODA Health's platform enables real-time interactions between consumers, providers and payers. With this acquisition, Cedar said it is seeking to bring providers and payers together for an offering that addresses all challenges consumers face when paying for healthcare.

Cedar is partnered with more than 35 U.S. healthcare providers, including Yale New Haven (Conn.) Health, Winston-Salem, N.C.-based Novant Health and Newark, Del.-based ChristianaCare.

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