Machinify Acquires Performant Healthcare for Approximately $670M
October 21, 2025
Machinify, a New Mountain Capital–backed healthcare intelligence company, has completed the acquisition of Performant Healthcare, Inc. (Nasdaq: PHLT) for about $670 million. The deal combines Performant’s audit and recovery expertise with Machinify’s AI-powered payment platform to expand capabilities and reach into government and commercial payer markets; Performant will be delisted from Nasdaq and operate privately.
- Buyers
- Machinify, New Mountain Capital
- Targets
- Performant Healthcare, Inc.
- Sellers
- Performant Healthcare stockholders
- Industry
- Healthcare Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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