Tendo – a software company focused on creating seamless healthcare experiences for patients, clinicians, and caregivers – recently announced that it is acquiring MDsave. This leading healthcare marketplace is democratizing care access for all. This acquisition extends Tendo’s platform and applications to include MDsave’s marketplace, enabling patients to quickly seek, schedule, pay for, and manage healthcare with transparent pricing through one solution. The deal is expected to close in October.
For patients and healthcare navigators, this deal will simplify access to and management of care with innovative, shoppable services. For providers, it will accelerate the acquisition of new patients by supporting greater transparency and a streamlined approach to payments for bundled procedures.
As healthcare costs rise, care consumption models continue evolving, which is true for self-insured employers. The self-insured market has been growing rapidly but has faced challenges in discovering and navigating quality, cost-effective healthcare options. And Tendo’s acquisition of MDsave provides a comprehensive solution for self-insured employers by delivering a better way to find and consume high-quality, affordable healthcare while offering providers the opportunity to increase volume and improve financial health.
This deal represents another important milestone in Tendo’s mission to be the trusted connection between patients, clinicians, and caregivers. And Tendo and MDsave will accelerate solutions that positively impact health, financial, quality, and operational outcomes for their expanded customer base.
KEY QUOTES:
“We are very happy to see Tendo’s acquisition of MDsave and the powerful combination of the two companies that will result. The future holds much promise and we are excited to work with the new company as they help us make an impact for our patients, clinicians, and our system overall.”
- Cory Ferrier, business development executive at Adventist Health
“Patients, caregivers, employers, and navigators need easier ways of discovering and consuming high-quality, cost-effective healthcare. Together, MDsave and Tendo will create the first end-to-end solution for seeking, scheduling, engaging, paying for, and managing care.”
- Dan Goldsmith, CEO of Tendo
“Our shared commitment to transforming the healthcare landscape is now more powerful than ever. Tendo will pave the way for a healthcare experience that prioritizes patients and providers alike.”
- Paul Ketchel, CEO and co-founder of MDsave
