Providence St. Joseph Health Acquires Lumedic

February 11, 2019

Providence St. Joseph Health has acquired Lumedic, a Seattle-based blockchain-enabled revenue cycle management platform, by purchasing Lumedic's assets and team and preserving the Lumedic brand. Providence will integrate Lumedic's distributed ledger, smart contracts, and machine learning capabilities to improve claims processing, interoperability between providers and payers, and reduce administrative costs across its health system.

Buyers
Providence St. Joseph Health
Targets
Lumedic
Location
Washington, United States
Transaction Type
Buyout

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