Illustration: Rebecca Zisser / Axios
A sale process has kicked off for Trivest Partners-backed ScanSTAT Technologies, a provider of release-of-information solutions, multiple sources tell Axios.
Why it matters: ScanSTAT sits in the middle of a growing and evolving industry, with hospitals and health care providers demanding quicker access to patient information that's both accurate and compliant, as disconnected systems capture enormous amounts of data.
What's happening: Books are out for the Guggenheim Partners-run sale process, sources say.
State of play: Besides a large M&A opportunity on the release-of-information side, industry players are increasingly diversifying and consolidating health information management offerings to transform the growth trajectory.
Yes, and: We're also seeing companies leverage their access to real-world data to segue into use cases for health analytics. Notably:
Separately, other release-of-information companies that have achieved good scale include:
The other side: It's not uncommon for release-of-information companies to face lawsuits around the fees they generate to retrieve and produce requested patient medical records.
Trivest, ScanSTAT and Guggenheim did not return requests for comment.
