Health Care Dataworks Inc. Completes Its Sale to Health Catalyst, LLC for Cash and Health Catalyst Common Stock

Health Care Dataworks Inc. completed its sale to Health Catalyst, LLC by way of an asset sale in exchange for an undisclosed amount of cash and Health Catalyst common stock. Health Care Dataworks is a Columbus, Ohio-based healthcare IT and data warehousing company, backed by MemorialCare Health System and Cedars-Sinai Medical Center, which developed data warehousing products for hospitals and health systems. Health Catalyst is a Salt Lake City-based, pre-IPO (valuation of $500 million) data warehousing, analytics and outcomes improvement company backed by, among others, Sequoia Capital, Kaiser Permanente Ventures, Ascension Health Ventures and Partners HealthCare, which develops products to enable healthcare organizations to perform clinical, financial and operational reporting and analysis.