- Sells Healthgrades.com to RV Health
Mercury Healthcare, the new brand for the separate enterprise-wide software, technology and data platform for health systems formerly known as Healthgrades, has announced its new name, as well as the sale of Healthgrades.com to Red Ventures.
“Today’s announcement will enable both businesses to fully realize the potential inherent in each and maximize opportunities for the future”
Going forward, Mercury Healthcare will focus on its software and data as a service technology that leverages advanced analytics and insights from patient and provider data, to build a connected consumer experience across all physical and digital touchpoints for the nation’s health systems. Mercury Healthcare is built on the strength of 30 years’ experience serving the healthcare community with a bold vision: to enable a seamless healthcare experience, creating meaningful outcomes for providers and patients.
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“For Mercury Healthcare, and our 1,000 hospital customers, the transaction represents a significant opportunity to solely focus our value proposition to applying data driven solutions to drive intelligent consumer and provider engagement, and expedite the Mercury Healthcare technology roadmap, so we can continue to deliver important innovations for the nation’s health systems,” said Jovan Wilford, CEO, Mercury Healthcare. “We believe that Mercury Healthcare has the potential to improve the patient experience across the patient journey, and lead to better health outcomes.”
Healthgrades is the leading online marketplace to find and connect with the right doctor, the right hospital, and the right care. With profiles on virtually every physician and allied health professional in the U.S., Healthgrades.com provides the most accurate, comprehensive healthcare provider information to help consumers differentiate providers on the basis of patient satisfaction, physician experience and hospital outcomes.
“Today’s announcement will enable both businesses to fully realize the potential inherent in each and maximize opportunities for the future,” said Norm Alpert, chairman of Healthgrades and co-president, Vestar Capital Partners. “We are pleased that Healthgrades.com, the media business, will enter into its next phase of growth as part of RV Health and are enthusiastic about Mercury Healthcare, the enterprise software business, to address what we believe is a significant market opportunity with a leadership team focused exclusively on the unique needs of the business.”
Goldman Sachs and Piper Sandler acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Mercury Healthcare. King & Spalding LLP acted as legal advisor to Red Ventures.
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