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Healthcare & Life Sciences Private Equity Deal Tracker: Performant Acquires Two Healthcare-Focused Technology Companies

Performant Capital has announced the acquisitions of DavLong Business Solutions and its affiliate Administrative Advantage (collectively DBS) and On Demand Solutions (ODS).

DBS, headquartered in Savannah, Ga., provides IT solutions for physician practices. Founded in 1983, the company also provides revenue cycle management services.

ODS, headquartered in Boise, Idaho, provides business solutions for independent medical practices. Founded in 2007, the company provides practice management software, revenue cycle management, staffing support and business advisory services.

Performant, based in Chicago, is a lower middle market private equity firm focused on investments in technology-driven companies. The firm is combining DBS and ODS under a single platform named Provider Technology. The businesses will continue to operate independently under their respective brands.

Terms of the acquisitions were not disclosed.

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