Pleasant Land is excited to announce its acquisition of Livanta and DOMA Technologies, two prominent companies in healthcare services and technology. This strategic acquisition underscores Pleasant Land’s dedication to revolutionizing healthcare by integrating clinical expertise with cutting-edge technology, including AI-driven decision-making.
The acquisition empowers Livanta and DOMA with substantial capital and a clear path toward deeper technology development. By incorporating AI-powered capabilities, the combined company aims to unlock new efficiencies in healthcare delivery, particularly in quality oversight and developing insights into vast amounts of unstructured health data.
“Pleasant Land is the right partner for us; we have access to resources and capital we did not have before. We are in an even better position to tackle some of the most pressing challenges in healthcare,” said Pat Feliciano, founder of DOMA Technologies. Pat is now the CEO of the combined entity, and with him comes a high-caliber leadership team with a proven track record of success. The combined business will be headquartered in Virginia Beach, Virginia.
Pleasant Land has merged these two businesses to power a suite of AI-enabled decision-making tools that are transforming healthcare. Integrating secure, innovative technology will help the combined businesses optimize processes, personalize patient care, and automate labor-intensive tasks like clinical data management and decision-making.
“By bringing these two businesses together, we have created a leading middle-market business of significant size and scale with a unique, unrestricted contractual profile,” commented Gavin Long, founder and managing partner of Pleasant Land. He continued, “We are well positioned to thrive in an increasingly tech-driven healthcare landscape.”
“With rising healthcare costs, increasing provider burnout and a daunting shortage of nurses, we believe there is a clear opportunity to leverage AI-enabled decision making to create solutions that equip healthcare workers to work more efficiently and effectively,” said Lance Coss, executive director of Livanta. “Additionally, we can leverage data analytics to uncover insights into some of the most critical and complex medical situations and questions.”
The two businesses unite to create a leading provider of technology-enabled healthcare quality oversight and clinical assessment services in the public health space. The company is one of the largest quality improvement organizations in the space, serving over 32 million Medicare beneficiaries and over 3 million veterans, and engaging with more than 8 million providers.
KippsDeSanto and Co. acted as the exclusive financial advisor to DOMA Technologies on its sale to Pleasant Land and G Squared acted as the exclusive financial advisor to Livanta.
To learn more about Pleasant Land’s strategic investment into Livanta and DOMA Technologies, visit the website here.
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