Acquisition Accelerates Company’s Strategy of Developing Actionable Go-to-Market Solutions for the Healthcare Market
FRAMINGHAM, MA – January 13, 2020 – Definitive Healthcare, the leading provider of data, insights, and analytics on the healthcare provider market, today announced the acquisition of PatientFinder, a software analytics firm that helps life science companies and healthcare providers find patient clusters who would most benefit from their products and services.
“We have always had the best data on healthcare organizations and professionals. We amplified the value of that data this year when we integrated Commercial Claims analytics. With today’s acquisition of PatientFinder, Definitive accelerates progress against its strategic roadmap – to provide end-to-end go to market solutions that bridge the gap between data and action. This is an industry milestone,” said Jason Krantz, Founder and CEO of Definitive Healthcare. “It’s demonstrative of our commitment to enabling client growth by integrating patient and provider insights directly into our clients’ existing processes for strategic analytics, go-to-market planning, and field execution.”
The acquisition supports the Definitive vision to entrench contextual data and insights within a business’s end-to-end commercialization effort. PatientFinder technology allows clients to build highly customized cohorts of patients by analyzing their diagnosis and treatment history and align that intelligence with the physicians and facilities who provide care to those patient populations.
“Uniting the PatientFinder solution with the accuracy and breadth of the Definitive Healthcare provider data and best-in-class all-payer claims data is a win-win for our combined clients and a game-changer in the market,” said Dave Thornton, CEO and Founder of PatientFinder. “We are incredibly enthusiastic about becoming a part of the innovative team that has made Definitive one of the industry’s fastest growing companies with the highest customer satisfaction and industry-leading retention rates.”
Definitive’s clients – which include 9 of the top 10 pharmaceutical companies, 8 of the top 10 medical device firms, and over 2,500 of the top healthcare providers, healthcare IT, healthcare staffing and consulting firms – utilize the Definitive platform to solve their most critical revenue generating objectives. Clients analyze referral patterns, patient leakage trends, total and average charges, patient outcomes, and population health trends to drive a complete end-to-end commercialization effort.
This is the second acquisition for Definitive Healthcare over the past year, following the HIMSS Analytics data services division in January 2019. With this acquisition, and with continuing investments in new talent, Definitive Healthcare now employs a 400-person workforce and continues to grow quickly. In 2019, Definitive was recognized, for the third consecutive year, for rapid growth by INC. 5000 and Deloitte 500 in their respective lists of fastest-growing private companies in the U.S. and was named 2019’s #1 Best Place to Work (Large) by the Boston Business Journal.
About Definitive Healthcare Definitive Healthcare is the leading provider of data and intelligence on hospitals, physicians, and other healthcare providers. Its product suite provides the most comprehensive and highest quality data available anywhere on 8,800 hospitals and IDNs; 148,000 physician groups; 1.7 million physicians, nurses, and allied health professionals; 11,200 ambulatory surgery centers; 14,600 imaging centers; 91,600 long-term care facilities; 40,000 clinics; 1,400 ACOs and HIEs; more than 4 billion commercial medical and Rx claims; 115,000 clinical trials; and 900 Canadian hospitals. The company’s data provides its 2,200+ clients with the analytics and insight needed to effectively segment and research the healthcare provider market. Definitive Healthcare is backed by 22C Capital, Advent International and Spectrum Equity. For more information, or to trial the service, visit https://www.definitivehc.com/.