agilon Health Announces Acquisition Of mphrX, A Leading Healthcare Technology Company

By Business Wire On Mar 2, 2023

Acquisition will accelerate performance and speed to value for new partners through agilon’s broad enterprise technology platform

agilon health, the trusted partner empowering physicians to transform health care in our communities, announced it has acquired mphrX, a leading provider of value-based care technology and interoperability solutions. As a result of the transaction, mphrX will become a wholly owned subsidiary of agilon health.

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“With this acquisition, agilon will be able to offer improved value for our partners and their patients earlier in our partnership, marking an important milestone as we scale our model into more communities.”

“At agilon, we are always looking for opportunities to better support our partners and help them more rapidly shift to a value-based, Total Care Model that improves patient outcomes and reduces costs,” said Steve Sell, chief executive officer, agilon health. “With this acquisition, agilon will be able to offer improved value for our partners and their patients earlier in our partnership, marking an important milestone as we scale our model into more communities.”

mphrX created the Minerva Healthcare Data Platform, which uses FHIR-based standards to help organizations aggregate, access, and store data across healthcare delivery networks. Minerva’s integration into agilon’s enterprise technology platform will enable faster onboarding of agilon partners and rapid integration of clinical data, accelerating performance and speed to value for patients and physicians.

“To improve patient outcomes, our partners need to be able to unify, share, and analyze patient data quickly and accurately,” said Girish Venkatachaliah, chief technology officer, agilon health. “Minerva will enable faster integration and onboarding of our partners and visibility into patient data across the care continuum. We are excited about how this will inform our artificial intelligence models and other insights we can deliver to our physician partners at the moment of care.”

“We are thrilled to be joining the agilon family and working together on our shared mission to transform health care,” said Mahesh Uberoi, president and chief executive officer, mphrX. “The integration of Minerva into agilon’s enterprise technology platform will provide greater access to our rich data set, enabling both companies to have a greater impact for our partners and customers.”

The acquisition, which closed on February 28, 2023, represents a $45 million investment by agilon. Management does not anticipate mphrX will have a meaningful impact on agilon’s Adjusted EBITDA during 2023. Macquarie Capital served as exclusive financial advisor to mphrX.

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