Cloud-based data company Inovalon Holdings will acquire D.C. health research and advisory firm Avalere Health in a deal worth $140 million, the companies announced Monday.
The move will enable Bowie-based Inovalon (Nasdaq: INOV) to expand into the pharmaceutical market and fuel growth in the use of big data analytics at life sciences companies, officials said. The deal is expected to close Sept. 1.
{iframe}http://www.bizjournals.com/washington/morning_call/2015/08/maryland-tech-company-makes-140-deal-for-d-c.html?ana=e_wash_rdup&s=newsletter&ed=2015-08-25&u=wjGEy67ABoSnsLErlc5ry0j5hx3&t=1440504768{/iframe}