Francisco Partners, https://www.Francisopartners.com, a global investment firm specializing in partnering with technology businesses, has acquired healthcare data and analytics assets that were part of IBM’s Watson Health business.
The new standalone company called Merative https://www.merative.com located in Michigan, serves clients in life sciences, providers, imaging, health plans, employers, and government health and human services sectors.
Merative’s products will include Health Insights, MarketScan, Clinical Development, Social Program Management and Phytel, Micromedex, and Merge Imaging solutions. Francisco Partners” investment will provide Merative with significant resources and opportunities for new investments, acquisitions, partnerships, and growth.
Gerry McCarthy will lead the new organization and recently served as CEO of eSolutions, a Francisco Partners portfolio company which exited to Waystar in 2020. Prior to eSolutions, he was President of TransUnion Healthcare and an Executive at McKesson.
Gerry McCarthy reports, “Merative has market leading products, top clients, and talented leadership. With the support and experience of Francisco Partners, we will invest heavily in expanding the reach of these products as we continue to work with clients to improve healthcare delivery, decision making, and performance.”