10:17 AM EDT, 05/29/2025 (MT Newswires) -- Streamline Health Solutions ( STRM ) shares jumped over 129% in recent trading Thursday after MDaudit announced that it will acquire Streamline Health in an all-cash deal valued at about $37.4 million, including debt.

MDaudit said it has entered into a definitive merger agreement with Streamline Health, under which the cloud-based risk monitoring platform will acquire all outstanding shares of Streamline stock for $5.34 per share in cash, representing a premium of 138% to the last closing price.

Upon closing of the merger, expected to occur in the third quarter, Streamline will become a wholly owned subsidiary of MDaudit.

The deal remains subject to customary closing conditions, including approval of the merger agreement by the Streamline stockholders.

MDaudit said it plans to fund the acquisition using a combination of cash on hand and available funds from existing credit facilities.

Price: 5.08, Change: +2.86, Percent Change: +128.83