Allied Benefit Systems Acquires Medxoom

Stone Point Capital Makes Strategic Investment in Allied Benefit Systems

February 18, 2021

Healthcare Services

Funds managed by Stone Point Capital have made a strategic investment in Allied Benefit Systems, a Chicago-based third-party administrator of group health benefits. Allied's management will remain in place and the capital will support the company's next phase of growth as Stone Point positions Allied for market consolidation and continued expansion of its benefits and cost-containment solutions.

Centauri Health Solutions Acquires MedAllies

April 24, 2025

Healthcare Services

Centauri Health Solutions, a Phoenix-based health information technology company, has acquired MedAllies, a New York-based Health Information Service Provider (HISP) and Qualified Health Information Network (QHIN). The deal expands Centauri's clinical exchange network by adding MedAllies' connectivity, messaging and record-location capabilities and brings access to more than 1,000 hospitals, 5,000 ambulatory organizations and 125,000 healthcare providers.

Medsphere Systems Corporation Acquires Systeem Medical

October 13, 2021

IT Services

Medsphere Systems Corporation has acquired Plano, Texas–based Systeem Medical Information Systems, a provider of managed IT and ambulatory EHR support services. The acquisition expands Medsphere’s affordable healthcare IT platform by adding Systeem’s managed services, help desk, implementation and cloud capabilities for ambulatory providers.

Cosentus Acquires AllianceMed and MedCloud

October 12, 2023

Healthcare Services

Cosentus has acquired AllianceMed and its subsidiary MedCloud Software Solutions; financial terms were not disclosed. AllianceMed provides in-network and out-of-network billing for ASCs, DME companies, and physician groups, while MedCloud offers billing software, an ASC-focused EMR, and DME management technology; Cosentus plans to invest in the platform and develop AI capabilities to expand its tech-enabled services for independent physician groups and facilities.

Bank of America Acquires Axia Technologies (AxiaMed)

April 2, 2021

Financial Services

Bank of America acquired Axia Technologies, Inc. (AxiaMed), a Santa Barbara–based healthcare payment and technology company, to deepen and expand its payment offerings for healthcare clients. The acquisition brings AxiaMed’s patient-payment gateway and terminal software onto Bank of America’s proprietary merchant services platform to strengthen the bank’s healthcare payments capabilities.

Alight Solutions Acquires ConsumerMedical

August 26, 2021

Healthcare Services

Alight Solutions has signed a definitive agreement to acquire ConsumerMedical, a clinical advocacy and expert medical opinion provider. The acquisition will integrate ConsumerMedical’s decision-support, claims advocacy and AI-based predictive tools into Alight’s Worklife platform to enhance employer healthcare navigation and improve outcomes while reducing costs; the deal is expected to close in the third quarter subject to customary conditions.