Arlington’s CareJourney acquired

Arlington County’s CareJourney, a health care data and analytics company co-founded by former U.S. Chief Technology Officer Aneesh Chopra, has been acquired by Arcadia, a health care data platform headquartered in Boston, according to a June 27 announcement.  

A spokesperson for Arcadia declined to provide financial terms of the deal. The merged company will have 400 employees, the spokesperson said, also declining to state how many employees CareJourney has. Arcadia generated more than $100 million in revenue for 2023, according to the company. Founded in 2002, Arcadia has raised more than $300 million, with funding from Vista Credit Partners, Cigna Ventures, Merck Global Health Innovation Fund, Revelation Partners, Zaffre Investments and Peloton Equity.

CareJourney derives analytics from Medicare, Medicaid, Medicare Advantage and commercial claims data across more than 300 million beneficiaries and over 2 million providers nationwide. Its clients include payers, providers and employers.

Chopra, who served as Virginia’s secretary of technology under then-Gov. Tim Kaine, was appointed the nation’s first chief technology officer in 2009 by President Barack Obama. In 2014, he, Dan Ross and Sanju Bansal co-founded CareJourney to help physicians and provider networks improve health care delivery by better understanding patient demographics and identifying highest-need populations.

Ross is now president of the rebranded CareJourney by Arcadia and Chopra is chief strategy officer of Arcadia. Bansal, who had been CareJourney’s chairman, will not remain with the merged company and instead plans to focus on pWin.ai, a tool that leverages artificial intelligence to assist with developing business proposals. 

“By merging CareJourney’s advanced data science with Arcadia’s data engineering and operational tools, we will equip providers and payers with the tools to manage costs, build high-performing networks, and excel in value-based care,” Chopra said in a statement.