FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Inovalon Holdings Inc to Be Acquired by Equity Consortium for $7.3 Billion”
Inovalon Holdings Inc (NASDAQ: INOV) climbed over 8% in premarket trading after the company entered into a definitive agreement to be acquired by an equity consortium.
The company will now be acquired by the consortium, led by Nordic Capital and including Insight Partners, in an all-cash transaction with an enterprise value of approximately 7.3 billion dollars, with Inovalon stockholders to receive $41.00 per share in cash for each share of Class A Common Stock or Class B Common Stock.
Inovalon is a leading provider of cloud-based platforms empowering data-driven healthcare. Through the Inovalon ONE® Platform, Inovalon brings to the marketplace a national-scale capability to interconnect with the healthcare ecosystem, aggregate and analyze data in real time, and empower the application of resulting insights to drive meaningful impact at the point of care.
For more information, please visit: Inovalon Holdings Inc.
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