Machinify, a healthcare intelligence company, has completed its acquisition of Performant Healthcare, Inc. for approximately $670 million. This strategic move aims to expand Machinify’s AI-powered platform into government programs and accelerate its mission to simplify and modernize healthcare payments.
Bringing together Performant’s audit and recovery expertise with Machinify’s advanced AI platform is intended to deliver faster, more accurate insights, reduce administrative burden, and unlock greater savings for health plans. The integration enhances Machinify’s capability to serve both commercial and government payers with end-to-end intelligence, covering claim error detection, prevention, recovery, and coordination of benefits.
David Pierre, CEO of Machinify, stated, “We’re thrilled to bring Performant into Machinify with such highly complementary assets. Performant has built deep relationships in the government sector, which expands on Machinify’s strong and expanding presence with national and regional payers. Together, we can offer our clients the most complete, data-driven platform for ensuring every healthcare dollar is used effectively.”
Matt Holt, Managing Director and President of Private Equity at New Mountain Capital, commented, “Performant strengthens Machinify’s leadership as the next-generation platform for payment accuracy and intelligence. This strategic integration aligns with Machinify’s mission to make payments smarter, faster, and more transparent. We’re excited about the significant value it will unlock for payers, providers, and the entire healthcare ecosystem.”
Simeon Kohl, who served as CEO of Performant Healthcare and will now join the Machinify leadership team, added, “I’m excited to join forces with Machinify at such a pivotal moment for the industry. By combining our deep expertise with Machinify’s AI platform, we’ll be able to deliver even greater value to our clients—streamlining the payment process, improving accuracy, and supporting better outcomes across the healthcare system.”
With the addition of Performant, Machinify now supports hundreds of millions of claims annually and delivers billions in savings through its unified AI and human-expertise model. The company’s platform is currently deployed by over 75 health plans, including many of the top 20, representing more than 170 million lives, helping clients reduce waste, improve provider relationships, and ensure accuracy from contracts to claims.
Performant stockholders approved the transaction at a special meeting on October 17, 2025. Following the completion of the acquisition, Performant’s shares have been delisted from Nasdaq, and the company will now operate as a privately held entity.
