Edifecs Acquisition, Valuation, Funding & Investors

Edifecs was acquired by Cotiviti for $3B in February 2025.

Edifecs acquisition price

$3B

Acquired by Cotiviti · Feb 2025

Cumulative funding Edifecs raised

$500K

across 1 funding round

Key investors in Edifecs

  • Francisco Partners
  • TA Associates

Edifecs Overview

About Edifecs

Edifecs is a Bellevue, Washington-headquartered provider of healthcare interoperability software. The SpecBuilder platform enables transaction validation for HIPAA 5010, ICD-10, and X12 EDI standards between payers, providers, and pharmacies. Edifecs serves Blue Cross Blue Shield plans and hospitals like Cleveland Clinic for claims processing and prior authorizations. Founded in 1996, it processes billions of transactions annually through cloud and on-premise deployments. Recent expansions include FHIR APIs for value-based care.


Founded

1996

HQ

United StatesSeattle, WA

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$3B (acquired Feb 2025)

Edifecs Acquisition

Edifecs was acquired by Cotiviti for $3B on 10 February 2025.

Before the acquisition Edifecs had raised $500K across 1 funding round.

Edifecs acquisition details
AcquirerDateTypePrice
  • Cotiviti
10 Feb 2025PE buyout$3B

Edifecs Funding History

Edifecs has raised a total of $500K across 1 funding round.

Edifecs funding rounds

Edifecs funding rounds
DateStageInvestorsRaised
Sep 2020Pre-seedFrancisco Partners (lead); TA Associates (lead)$500K

Who has invested in Edifecs?

2 investors have backed Edifecs across its funding rounds, including Francisco Partners and TA Associates.

Lead investors include Francisco Partners and TA Associates.


Edifecs Investors

Investors in Edifecs by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Edifecs

Edifecs has acquired 2 companies to date.

Last acquisition by Edifecs was on November 22nd 2021. Edifecs acquired Health Fidelity for $180M.


Latest Acquisitions by Edifecs

Health Fidelity
Talix
Description
Health Fidelity is a San Francisco-headquartered provider of NLP-powered risk adjustment solutions for Medicare Advantage, ACA, Medicaid, and ACOs. Its Lumanent suite extracts HCCs from unstructured clinical notes with 95% accuracy. The platform serves 50+ health plans covering 20 million lives. Health Fidelity integrates with Optum and Elevance Health systems. Founded in 2014, it supports value-based care revenue optimization.
Talix is a risk adjustment, quality, and oncology solutions provider helping providers, payers, and life science organizations succeed in value-based healthcare. The Talix SaaS platform leverages purpose-built natural language processing, machine learning, and advanced patient data analytics to transform complex data into actionable intelligence. Solutions drive improved efficiency and accuracy for better patient outcomes, more accurate reimbursements, and reduced costs.
HQ CountryUnited StatesUnited States
HQ City
San Francisco, CA
San Francisco, CA
Deal Date22 Nov 202113 Sep 2021
Valuation$180Mundisclosed
EV/Revenue
EV/EBITDA

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Edifecs Competitors

Edifecs competitors include listed companies like Privia Health and CCC Intelligent Solutions, and private ones like Chapter, Grow Therapy, Cedar and Innovaccer.

Public and private companies comparable to Edifecs
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ChapterUnited StatesNew York City, NYPrivate--$3B-
Grow TherapyUnited StatesNew York City, NYPrivate$1B-$3B-
CedarUnited StatesNew York City, NYPrivate--$3.2B-
InnovaccerUnited StatesSan Francisco, CAPrivate$250M-$3.5B13.8x
Privia HealthUnited StatesUnited StatesPublicly listed$2.1B$44M$2.6B0.9x
CCC Intelligent SolutionsUnited StatesUnited StatesPublicly listed$1.1B$238M$3.9B4.5x

Edifecs Public Comps

Edifecs is no longer listed, but its public comps include Privia Health, Tieto, Schrödinger, CCC Intelligent Solutions, Qingdao Baheal Medical, Omnicell, Indegene, EverCommerce, Doximity and U.S. Physical Therapy.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Privia Health$2.1B$44M1.0x0.9x50.2x15.3x
Tieto$2.1B$186M1.3x1.4x15.2x7.9x
Schrödinger$256M($96M)7.6x7.9x(20.3x)(14.0x)
CCC Intelligent Solutions$1.1B$238M4.8x4.5x21.5x10.8x
Qingdao Baheal Medical$1.1B$139M1.9x1.9x15.1x16.8x
Omnicell$1.2B$92M1.2x1.1x15.0x8.1x
Indegene$366M$68M3.7x3.3x19.9x18.2x
EverCommerce$589M$128M3.0x2.9x13.7x9.5x

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Common questions about Edifecs

When was Edifecs founded?Edifecs was founded in 1996.
Where is Edifecs headquartered?Edifecs is headquartered in Seattle, WA, United States.
Is Edifecs publicly listed?No, Edifecs was acquired by Cotiviti in February 2025.
Who acquired Edifecs?Edifecs was acquired by Cotiviti in February 2025.
How much was Edifecs acquired for?Edifecs was acquired for $3B in February 2025.
How much funding has Edifecs raised?Edifecs has raised $500K across 1 funding round.
What was Edifecs' last funding round?Edifecs' last funding round was a $500K pre-seed round in September 2020, led by Francisco Partners and TA Associates.
Who are Edifecs' investors?Edifecs' investors include TA Associates and Francisco Partners.
Which companies are comparable to Edifecs?Companies comparable to Edifecs include Chapter, Grow Therapy, Cedar, Innovaccer, Privia Health and CCC Intelligent Solutions.
How many companies has Edifecs acquired?Edifecs has acquired 2 companies, including Health Fidelity and Talix.
What was the largest acquisition by Edifecs?The $180M acquisition of Health Fidelity in November 2021 is the largest acquisition Edifecs has made to date.

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