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PHLT
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Performant Healthcare, Inc. to Be Acquired by Machinify

1. PHLT is being acquired by Machinify for $670 million. 2. This acquisition may enhance PHLT's market position in healthcare analytics.

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+115.21%Current Return
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-1.64%S&P 500
$3.5508/01 08:51 AM EDTEvent Start
$7.6408/04 09:09 AM EDTLatest Updated
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FAQ

Why Very Bullish?

Acquisitions typically drive stock prices up, especially with a significant investment like this. Historical examples show similar mergers leading to price surges due to anticipated operational growth.

How important is it?

The acquisition significantly affects PHLT's valuation, attracting investor attention and could lead to future growth potentials. High stakes in the healthcare analytics market increase PHLT's strategic significance.

Why Short Term?

The acquisition announcement is likely to have immediate market reactions. Short-term gains often follow such definitive agreements while longer-term effects will depend on integration success.

Related Companies

MACHNMC
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PHLT) (the “Company” or “Performant”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today its entry into a definitive agreement to be acquired by Machinify, a healthcare intelligence leader and portfolio company of New Mountain Capital, which has agreed to acquire Performant for approximately $670 million. Under the terms of the merger agreement, Performa.

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