What You Should Know:
– Health Catalyst, a provider of data and analytics technology and services to healthcare organizations, has announced the acquisition of Intraprise Health, a leading healthcare cybersecurity provider.
– Health Catalyst funded the acquisition with a mix of cash and stock. The acquisition is expected to close in the fourth quarter of 2024.
Enhancing Cybersecurity in Healthcare
Intraprise Health is a leading healthcare cybersecurity company with top ratings in KLAS Research’s Cybersecurity Survey. Combining Intraprise’s expertise with Health Catalyst’s existing capabilities will create a comprehensive cybersecurity solution specifically for the healthcare industry. This solution will help healthcare organizations address pressing challenges related to information security and risk management, enabling them to better protect themselves from cyberattacks.
Key benefits of the strategic acquisition include:
Enhanced Security Compliance: The combined expertise will offer a broader set of capabilities to address data security challenges.
Cyber Resilience Programs: Healthcare leaders will be able to swiftly adopt accurate evaluation, remediation, and response strategies for escalating cyber threats.
Industry Standards and Protocols: Intraprise will enhance Health Catalyst’s offerings by incorporating industry security standards and protocols into information security strategy and risk data management.
Benchmarking and Transformation: The acquisition will enable benchmarking that supports comparisons and drives transformational change in healthcare toward effective, best practice-based security standards.
“Health Catalyst’s next-generation healthcare data and analytics ecosystem, Health Catalyst Ignite™, is well positioned to help power additional foundational capabilities within our offerings. The ecosystem’s key efficiency in data gathering across the enterprise complements our solution to monitor the effectiveness of operational security controls and programs. Together, we can offer further security measures and help our clients realize data-informed improvement in their cybersecurity posture,” said Intraprise CEO George Pappas.