Premier Healthcare Exchange, Inc. Acquired By Performant Financial Corporation

Performant Financial Corporation (Performant) acquired Premier Healthcare Exchange, Inc. (PHX) for $130 million. Performant helps government and commercial organizations enhance revenue and contain costs by preventing, identifying and recovering waste, improper payments and defaulted assets. Based in Bedminster, New Jersey, PHX is a provider of healthcare cost management solutions for more than 200 commercial health plans and third party administrators (TPAs). PHX's pre-payment audit and network management capabilities provide a complement to Performant's existing post-payment audit, proprietary analytics and recovery capabilities. With the combination of PHX’s group health expertise and Performant’s commercial experience, the . . .