Frisco-based Valify has been acquired by HCA Healthcare, the Nashville-based parent company of North Texas’ Medical City hospitals. Valify helps control costs for purchased services, and was named to SMU’s Dallas 100 list of fastest growing privately-held companies earlier this year.
Valify’s technology gives health systems the tools to better manage their resources and save money in over 1,200 categories. Launching in 2014, the company quickly built a database of purchased services that helped it secure $2 million in funding in 2016, and acquire Lucro in 2018, resulting in Valify Marketplace, which enables vendors and health systems efficiently do business.
“Valify’s advanced analytical platform will help us identify and pursue opportunities to decrease the overall cost to provide healthcare services,” said HCA Healthcare’s chief financial officer and executive vice president, Bill Rutherford via release. “We look forward to working with the Valify team to further develop their offerings to benefit all of their clients.”