Healthcare Bluebook, an industry leader in delivering clear and actionable healthcare quality and cost information, today announced it has acquired the Quality division of Quantros, Inc., a leading provider of quality analytics software for healthcare providers and payors.

With the acquisition, Bluebook enhances the breadth and quality of its healthcare data, enhances existing analytics capabilities, and positions the combined organization to reach a wider range of customers, including value-focused hospitals, health systems, and select payors.

"Quantros has been a fantastic longtime partner to Bluebook by supplying the 'gold standard' in quality data that informs our transparency solutions for our clients and partners," said Healthcare Bluebook CEO Scott Paddock. "Combining the Quantros Quality business with our core offerings expands and strengthens the data behind the various solutions, continues our strategic move into the healthcare provider and payor markets, and positions us to develop new innovations that benefit all of our clients and partners."

The Quantros Quality business leverages a range of powerful data sources to provide insights into the quality performance of hospitals, health systems, payors, data aggregators and healthcare providers nationwide. The Quantros data is validated against federal and commercial claims data, as well as Bluebook's own data. Bluebook uses the risk adjusted performance data to populate the simple and intuitive solutions that its partners, their employees and members can easily access, understand and use to make value-based care decisions.

"With value-based care arrangements increasing, hospitals, physicians, employers and payors need accurate, illuminating analytics. The combination of Quantros and Bluebook will provide unmatched insights to allow stakeholders on the giving and receiving end of care the ability to make data-driven decisions," said Lindsey Klein, General Manager, Provider Solutions at Quantros.

Healthcare Bluebook is embracing and will continue to build the Quantros brand, products, services and programs, leveraging its strong reputation with payors and providers nationally.

With the acquisition, Healthcare Bluebook now owns one of the largest databases of healthcare quality and cost information in the U.S. -- covering millions of procedures every year across more than 10 million lives and billions of claims that are refreshed monthly.

Raymond James served as exclusive investment banking advisor and Paul Hastings LLP served as legal advisor to Quantros in the transaction. Bass Berry & Sims PLC served as legal advisor to Healthcare Bluebook. Terms of the deal are not disclosed.