LexisNexis Buys Aliso Viejo Healthcare Software CompanyFriday, September 13, 2013
LexisNexis acquired Aliso Viejo-based healthcare analytics company Enclarity Inc. for an undisclosed amount.
New York City-based LexisNexis is one of the largest electronic data providers in the world. It serves the legal, risk management, government and academic markets, among others.
Enclarity develops software to help make the healthcare business process more efficient, including by automatically identifying and updating erroneous or duplicate information.
The 8-year-old company has about 20 employees. Its customers include healthcare payers and administrators that process insurance claims.
Enclarity executives, including Chief Executive and co-founder Sean Downs, will report to LexisNexis Risk Solutions, one of the company’s two core business units. LexisNexis also operates through its Legal & Professional division.
Downs received the Business Journal’s Excellence in Entrepreneurship Award in 2008. The company at the time was pursuing venture capital investments and had raised about $22 million as of 2009 from investors that included Bain Capital Ventures in Boston and Seattle-based Ignition Partners.
LexisNexis Risk Solutions recently has been expanding its healthcare portfolio through acquisitions, including a buy last year of EDIWatch Inc., an Alpharetta, Ga.-based healthcare fraud detection company.