---
schema_version: "secwatch.filing_event.v1"
accession: "0001628908-24-000057"
form_type: "8-K"
ticker: "EVH"
cik: "0001628908"
company_name: "Evolent Health, Inc."
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:32:54.785686+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Evolent Health acquires Machinify assets for $25M cash plus up to $7M earn-out

## Summary
- Cash consideration of $25M plus up to $7M earn-out; perpetual royalty-free license of Machinify Auth AI platform.
- Acquisition expected to close Q3 2024; includes re-badging certain Machinify employees and multi-year services agreement.
- Machinify Auth currently reviews over $200B in medical claims annually; reduces clinician time by avg 55% for complex reviews.
- Acquisition is immaterial to Evolent's revenue outlook and neutral to Adjusted EBITDA in first year after closing.

## SEC filing metadata
- accession: 0001628908-24-000057
- form_type: 8-K
- ticker: EVH
- cik: 0001628908
- company_name: Evolent Health, Inc.
- filed_at: 2024-06-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628908/000162890824000057/0001628908-24-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628908/000162890824000057/evh-20240604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628908-24-000057
- JSON: https://secwatch.observer/filing/0001628908-24-000057.json
- Plain text: https://secwatch.observer/filing/0001628908-24-000057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.