Inovalon (Bowie, MD) entered into a definitive agreement to acquire Avalere Health (Washington, DC), a healthcare consulting firm, for $140 million. Avalere will operate as a subsidiary of Inovalon. Avalere CEO Dan Mendelson will continue to lead Avalere’s day-to-day operations. The transaction is expected to close on or about September 1, 2015 subject to customary closing conditions and antitrust clearance.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.