Francisco Companions Completes Acquisition of IBM’s Healthcare Knowledge and Analytics Property; Launches Healthcare Knowledge Firm Merative

SAN FRANCISCO–()–Francisco Companions, a number one world funding agency that makes a speciality of partnering with expertise companies, at present introduced that it has accomplished the acquisition of healthcare information and analytics property that have been a part of IBM’s (NYSE: IBM) Watson Well being enterprise, beforehand introduced in January.

Below the possession of Francisco Companions, the brand new standalone firm might be known as Merative and might be headquartered in Ann Arbor, Michigan.

Merative brings collectively market-leading choices that ship worth throughout the worldwide healthcare ecosystem, serving purchasers in life sciences, supplier, imaging, well being plan, employer, and authorities well being and human providers sectors.

Seasoned healthcare CEO Gerry McCarthy has been tapped to steer the brand new group. McCarthy has been in healthcare data expertise for 30 years, most just lately serving as CEO of eSolutions, a Francisco Companions portfolio firm, which exited to Waystar in October 2020. Previous to eSolutions, Gerry was the President of TransUnion Healthcare and an government at McKesson.

Merative has market main merchandise, high purchasers and proficient management,” stated McCarthy. “With the dedication, assist and deep expertise of Francisco Companions, we are going to make investments closely in increasing the attain of those merchandise as we proceed to work with purchasers to enhance healthcare supply, determination making and efficiency.”

Paul Roma, Basic Supervisor of the Watson Well being enterprise, might be transitioning to Senior Advisor to Francisco Companions. McCarthy stated, “Paul has been instrumental in driving essential transformation of the enterprise. His relentless deal with clients has laid a strong basis to construct on, and we thank him for his management.”

Merative’s merchandise might be organized into six product households, together with Well being Insights; MarketScan; Medical Growth; Social Program Administration and Phytel; Micromedex, and Merge Imaging options. Francisco Companions’ funding will present Merative with vital assets and alternatives for brand new funding, acquisitions, partnerships, and development.

Francisco Companions is happy concerning the alternative to associate with the group and staff at Merative to assist them obtain their mission, bringing expertise and experience to purchasers throughout healthcare by industry-leading information and analytics options,” stated Ezra Perlman and Justin Chen of Francisco Companions. “We respect IBM’s work in growing this enterprise, and our possession will assist Merative drive essential focus in executing on natural and inorganic development methods.”

True Wind Capital and Sixth Road are investing in Merative. True Wind Capital is a San Francisco-based non-public fairness agency targeted on investing in main expertise corporations, and the group has a long-standing observe report of partnering with healthcare companies. Sixth Road is a world funding agency that makes use of its long-term versatile capital, data-enabled capabilities, and One Group tradition to develop themes and supply options to corporations throughout all phases of development.

Deutsche Financial institution served as unique monetary advisor and Kirkland & Ellis LLP served as authorized advisor to Francisco Companions.

About Francisco Companions

Francisco Companions is a number one world funding agency that makes a speciality of partnering with expertise and technology-enabled companies. Since its launch over 20 years in the past, Francisco Companions has invested in over 400 expertise corporations, making it some of the energetic and longstanding traders within the expertise {industry}. With greater than $45 billion in property beneath administration, the agency invests in alternatives the place its deep sectoral information and operational experience may also help corporations understand their full potential. For extra data on Francisco Companions, please go to

About Merative

Merative is a knowledge, analytics and expertise associate for the worldwide well being {industry} – together with suppliers, payers, life sciences corporations and governments. With trusted expertise and human experience, the corporate works with purchasers to drive actual progress. Merative helps purchasers orient data and insights across the folks they serve to enhance healthcare supply, determination making and efficiency. Previously IBM Watson Well being, Merative turned a brand new standalone firm beneath Francisco Companions’ possession in 2022. Be taught extra at

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