Olive makes $120M acquisition on heels of record funding round

Olive AI Inc. has acquired another healthcare artificial intelligence startup for $120 million, the company said, days after closing a $226 million venture capital round. Verata Health, based in Minneapolis, makes software to automate the process of obtaining authorizations from insurance companies before a medical procedure. Adding its 60 employees, including Boston and Orlando offices, brings Columbus-based Olive close to 500 jobs nationwide, according to a news release. Olive was valued at $1.5…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news