Red Ventures has acquired Healthgrades.com from Mercury Healthcare, an enterprise-wide software, technology and data brand for health systems, formerly known as Healthgrades. Mercury Healthcare is backed by Vestar Capital Partners.
“For Mercury Healthcare, and our 1000 hospital customers, the transaction represents a significant opportunity to solely focus our value proposition to applying data driven solutions to drive intelligent consumer and provider engagement, and expedite the Mercury Healthcare technology roadmap, so we can continue to deliver important innovations for the nation’s health systems,” said Jovan Wilford, CEO, Mercury Healthcare. “We believe that Mercury Healthcare has the potential to improve the patient experience across the patient journey, and lead to better health outcomes.
“Today’s announcement will enable both businesses to fully realize the potential inherent in each and maximize opportunities for the future,” said Norm Alpert, chairman of Healthgrades and co-president, Vestar Capital Partners. “We are pleased that Healthgrades.com, the media business, will enter into its next phase of growth as part of RV Health and are enthusiastic about Mercury Healthcare, the enterprise software business, to address what we believe is a significant market opportunity with a leadership team focused exclusively on the unique needs of the business.”
Goldman Sachs and Piper Sandler acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Mercury Healthcare. King & Spalding LLP acted as legal advisor to Red Ventures.