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Altegra Health

Miami Lakes, United Statesbusiness.optum.com1expert edge

Altegra Health was a Miami Lakes, Florida-based provider of cloud risk-adjustment, quality analytics and member-engagement technology for Medicare Advantage, Managed Medicaid and exchange health plans. Backed by Parthenon Capital Partners, it was acquired by Emdeon for $910M in August 2015 and no longer trades as an independent brand — the platform now sits inside Optum via Change Healthcare.

Why interesting to a deal team

Altegra's $910M sale to Emdeon is Ryan Stewart's flagship healthcare RCM credential: a sponsor-backed risk-adjustment analytics exit. It evidences sell-side coverage of Medicare Advantage and payer-analytics assets, plus acquirer relationships at Change Healthcare/Optum useful for sourcing comparable platforms.

Experts connected to this company

RS

Ryan Stewart

Managing Director, Head of Healthcare Technology Investment Banking

Leerink Partners

BankerNew York

Twenty-five-year healthcare-tech banker who has sold payment-integrity and RCM-adjacent assets across four cycles; now a Partner at MTS Health Partners, not Leerink.

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