Streamline Health Acquires Avelead

August 16, 2021

Streamline Health Solutions, Inc. (NASDAQ: STRM) acquired Avelead Consulting, LLC, an Atlanta-based provider of healthcare revenue-cycle SaaS, to expand its revenue integrity and revenue cycle capabilities. The deal included $20 million of cash and stock consideration plus an estimated $15 million performance-based earnout; Avelead had an ARR run rate of $5.7 million and twelve-month revenue of $10.2 million as of June 30, 2021.

Buyers
Streamline Health Solutions, Inc.
Targets
Avelead Consulting, LLC
Sellers
Owners of Avelead
Location
Georgia, United States
Transaction Type
Buyout

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