+1-888-308-5802     
News Contact Us

Clinigence & AHA ink Letter of Intent, set for iconic merger

Author : Pankaj Singh | Published Date : 2019-11-13 

 

  • The potential merger may bring value proposition to the healthcare industry.
  • U.S. healthcare system embraces value-based reimbursements.

Clinigence Holdings (“Clinigence”) entered into a letter of intent (LOI) with Accountable Healthcare America (“AHA”) today to bring stock-for-stock merger transaction into light. The letter of Intent received the green signal from the BoD of both the companies.

The merger, if consummated, would combine one of the prominent medical management companies with one of the major healthcare information technology companies to bring forth a dynamic, scalable operating platform which would be well placed to embrace value-based reimbursements, a shift of U.S. healthcare from fee-for-service payments. The proposed merger is expected to bring a robust value proposition to the healthcare industry.

Amid exorbitant costs, onerous billing, technology requirements and transitioning regulations, many medial groups and physicians have been snapping up their practices to larger hospital systems. The potential merger is likely to address these issues in the U.S. healthcare.

Reportedly, Clinigence is gearing to issue common stock of newly issued shares on a fully diluted pro-rata basis to AHA’s equity holders by swapping latter’s 100% of the outstanding equity securities through reverse triangular merger. The reverse triangular merger alludes that Clinigence’s wholly owned subsidiary will merge with and into AHA. While the former Clinigence equity holders will own 20% of issued and outstanding common stock of Clinigence, former AHA equity holders are set to own 80% of issued and outstanding common stock of Clinigence.

About Clinical Holdings, Inc.

Clinical Holdings, a publicly-held company, is a prominent healthcare information technology company offering a cloud-based platform that propels healthcare organizations to offer population health management and value-based care.

About Accountable Healthcare America, Inc.

AHA, a privately-held medical management platform company, boasts of owning and operating an organization with around 26,000 Medicare members via a network of more than 65 providers.
 

References:

https://www.businesswire.com/news/home/20191112006139/en/Clinigence-Holdings-Accountable-Healthcare-America-Sign-Letter

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

KKR and XPV Water unveil new platform that promotes water quality

Published Date: 2019-12-05         Author: Pankaj Singh

KKR, a New York based leading global investment firm, reportedly announced a new partnership deal with renowned private equity and venture capital firm based in Canada, XPV Water Partners, to create a new platform that promotes water quality. Through the acquisitions of Nexom, Inc. and Environmen... Read More

Delta 9 wins Health Canada approval for deploying additional Grow Pods

Published Date: 2019-12-03         Author: Pankaj Singh

Canada-based Delta 9 Cannabis Inc. recently confirmed that it received approval from Health Canada to place 95 new Grow Pods into production from its Phase II expansion. According to reliable sources, the recent announcement will enhance the company’s production capabilities by 56%. Moreove... Read More

Lehigh and Canadian NPO launch feasibility study of CCS on cement

Published Date: 2019-11-30         Author: Pankaj Singh

Lehigh, a North America based world leading producer of bulk and bagged cement and CSS Knowledge Centre, a Canada based non-profit organization, reportedly announced to jointly examine a feasibility study of a business-scale carbon capture and storage project to reduce greenhouse gas emissions. T... Read More

© 2019 Fractovia. All Rights Reserved