Company Description
Aldera provides a web-based benefit administration and claims management platform to health plans and risk-bearing providers. The Company’s unique and highly-configurable platform supports medical, dental, vision and pharmacy lines of business and enables clients to optimize performance by improving operational efficiency while reducing costs. These attractive offerings have distinguished Aldera as a proven leader in the market.
Engagement & Results
TripleTree was engaged as Aldera’s exclusive financial advisor to evaluate a range of strategic alternatives for the Company due to TripleTree’s expertise in the payer and risk-bearing provider technology sector and its proven track record with innovative healthcare technology companies. For several years, Aldera has provided back-end benefit administration and claims management processing for Valence Health. Valence Health was acquired by Evolent Health, a leader in population health and value-based payment solutions, in October 2016. Following this transaction, with Aldera serving as the core operating platform for Valence Health, Evolent recognized the value in owning Aldera. The acquisition will allow for the integration of Evolent’s technology and clinical capabilities with Aldera’s claims management and processing functions and Valence’s value-based administration services, ultimately enabling health plans to more efficiently and conveniently manage their value-based business with a single, sophisticated solution.