Machinify Acquires Performant Healthcare, Enhancing Intelligent Healthcare Payments with AI-Powered Platform.

Machinify has acquired Performant Healthcare for approximately $670 million, expanding its AI-powered platform to reach a broader range of clients, including government programs. The deal accelerates Machinify's mission to simplify and modernize healthcare payments by combining Performant's deep audit and recovery expertise with Machinify's advanced AI platform. The integration will enhance Machinify's ability to serve both commercial and government payers with end-to-end intelligence and unlock greater savings for health plans.

DALLAS & PALO ALTO, Calif. — Machinify, a leading healthcare intelligence company, has completed the acquisition of Performant Healthcare, Inc. (Nasdaq: PHLT) for approximately $670 million. The deal, announced on October 21, 2025, aims to expand Machinify’s AI-powered platform to a broader range of clients, including government programs, and accelerate its mission to simplify and modernize healthcare payments Machinify Completes Acquisition of Performant Healthcare, Accelerating Intelligent Healthcare Payments^[1].

Machinify, backed by New Mountain Capital, will integrate Performant’s deep audit and recovery expertise with its advanced AI platform. This combination will enable the company to deliver faster, more accurate insights, reduce administrative burdens, and unlock greater savings for health plans. The acquisition enhances Machinify’s ability to serve both commercial and government payers with end-to-end intelligence, spanning claim error detection, prevention, recovery, and coordination of benefits Machinify Completes Acquisition of Performant Healthcare, Accelerating Intelligent Healthcare Payments^[1].

David Pierre, CEO of Machinify, expressed his enthusiasm for the acquisition, stating, “We’re thrilled to bring Performant into Machinify with such highly complementary assets. Performant has built deep relationships in the government sector, which expands on Machinify’s strong and expanding presence with national and regional payers. Together, we can offer our clients the most complete, data-driven platform for ensuring every healthcare dollar is used effectively” Machinify Completes Acquisition of Performant Healthcare, Accelerating Intelligent Healthcare Payments^[1].

Simeon Kohl, CEO of Performant Healthcare, will join the Machinify leadership team. “Performant strengthens Machinify’s leadership as the next-generation platform for payment accuracy and intelligence,” said Matt Holt, Managing Director and President of Private Equity at New Mountain Capital. “This strategic integration aligns with Machinify’s mission to make payments smarter, faster, and more transparent” Machinify Completes Acquisition of Performant Healthcare, Accelerating Intelligent Healthcare Payments^[1].

With the addition of Performant, Machinify now supports hundreds of millions of claims annually and delivers billions in savings through its unified AI and human-expertise model. This acquisition will help clients reduce waste, improve provider relationships, and ensure accuracy from contracts to claims Machinify Completes Acquisition of Performant Healthcare, Accelerating Intelligent Healthcare Payments^[1].

As a result of the completed transaction, Performant’s shares will no longer be publicly traded and will be delisted from Nasdaq. The company will now operate as a privately held entity Machinify Completes Acquisition of Performant Healthcare, Accelerating Intelligent Healthcare Payments^[1].