Like Capario

announced 6/23/2014 via PR Newswire

Emdeon, Inc., will acquire Capario

synopsis: Emdeon Inc. announced it has entered into a definitive agreement to acquire Capario, an innovative company providing industry-leading healthcare technology solutions. Capario will extend Emdeon's ability to help healthcare providers get reimbursed quickly, accurately and cost effectively.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers, pharmacies and patients in the U.S. healthcare system. "
target parent: Marlin Equity Partners
target: Capario
Capario provides industry-leading healthcare technology solutions. Through its proprietary, cloud-based application suite and underlying technology platform CaparioOne, Capario's customers comprehensively manage their revenue cycle with a single, integrated solution.
price ($mm)
$115
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/23/2019 via BusinessWire

New Mountain Capital, LLC, will acquire Ontario Systems, LLC

synopsis: Ontario Systems has executed a definitive agreement to be acquired by New Mountain Capital, a New York-based investment firm. Ontario Systems is a leading provider of enterprise software that automates operations and accelerates revenue recovery for clients in the healthcare, accounts receivable management (ARM), and government markets.
buyer: New Mountain Capital, LLC
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. They currently manages private equity, public equity, & credit funds with approximately $20 billion in aggregate capital commitments."
target parent: Arlington Capital Partners
target: Ontario Systems, LLC
Ontario Systems is a leading provider of enterprise software designed to improve operations and revenue recovery for clients in the healthcare industry and the accounts receivable management (ARM) market as well as federal, state, and local governments.
price ($mm)
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closed 2/11/2019 via BusinessWire

Evergreen Coast Capital, Veritas Capital, acquired athenahealth, Inc.

synopsis: athenahealth, Inc., a leading provider of network-enabled services for hospital and ambulatory customers nationwide, announced that it has completed its previously announced sale to an affiliate of Veritas Capital and Evergreen Coast Capital.
buyer: Veritas Capital
buyer: Evergreen Coast Capital
Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services, primarily technology and technology-enabled solutions. Elliott Management Corporation's Evergreen Coast Capital is a private equity firm which focuses on technology investing. "
target: athenahealth, Inc. (ATHN:$1,311.40)
athenahealth, Inc. is a leading provider of Internet-based business services for physician practices. athenahealth's service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, and automated and live patient communication services.
price ($mm)[EV]
$5,645 [$5,600]
rev ($mm)
$1,311
EBITDA ($mm)
$265
EV / rev
4.3x
EV / EBITDA
21.3x
on offer 5/7/2018 via Wall Street Journal

Elliott Management Corp., offer to acquire athenahealth, Inc.

synopsis: Elliott Management Corporation, an American investment management firm, is to acquire athenahealth, Inc., a company that provides network-enabled services for healthcare and point-of-care mobile apps to drive clinical and financial results for its hospital and ambulatory clients in the United States.
buyer: Elliott Management Corp.
Elliott Management Corporation is one of the oldest fund managers of its kind under continuous management. As of January 1, 2018, Elliott manages more than $34 billion in assets under management. "
target: athenahealth, Inc. (ATHN:$1,311.40)
athenahealth, Inc. is a publicly traded American company that provides network-enabled services for healthcare and point-of-care mobile apps to drive clinical and financial results for its hospital and ambulatory clients in the United States.
price ($mm)[EV]
$6,533 [$6,660]*
rev ($mm)
$1,264
EBITDA ($mm)
$212
EV / rev
5.4x
EV / EBITDA
32.2x
closed 1/25/2018 via BusinessWire

Mediware, acquired MedTranDirect, Inc.

synopsis: Mediware Information Systems, Inc., a leading supplier of software for healthcare and human service providers and payers, announced it has acquired MEDTranDirect, Inc., a leader in software solutions for healthcare revenue cycle management and an approved network service vendor for Medicare.
buyer parent: TPG Capital
buyer: Mediware
Since 1980, Mediware has provided software solutions to healthcare providers and has since expanded to serve many state and federal agencies. Mediware’s solutions are perfect for high-growth, complex patient care environments that remain underserved by existing vendors. "
target: MedTranDirect, Inc.
MEDTranDirect, Inc. is a leader in software solutions for healthcare revenue cycle management and an approved network service vendor for Medicare. Established in 1986, MEDTranDirect serves several hundred customers.
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announced 9/14/2017 via BusinessWire

ZirMed Inc. will be merged with Navicure,

synopsis: Healthcare revenue cycle management technology leaders Navicure and ZirMed announced that they have signed a definitive agreement to merge to provide hospitals, health systems, and ambulatory services organizations including physician practices with a comprehensive suite of analytics-driven solutions proven to help improve financial performance.
buyer parent: Bain Capital
buyer: Navicure
Navicure is a provider of integrated cloud-based medical claims management and patient payment solutions that enable healthcare organizations to increase revenue, accelerate cash flow, and reduce the cost and effort of managing claims, patient billing and payments, and healthcare data analytics. "
target: ZirMed Inc.
ZirMed empowers healthcare organizations to optimize revenue with a dynamic end-to-end platform of cloud-based financial performance management solutions—including Claims Management, Charge Integrity, AR Management, Eligibility and Coverage Detection.
price ($mm)
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closed 1/12/2017 via BusinessWire

Formativ Health, acquired Etransmedia Technology, Inc.

synopsis: Formativ Health, a joint venture of Northwell Health and Pamplona Capital, has acquired Etransmedia, a leading healthcare IT company based in Troy, NY. Etransmedia delivers EHR & PM, Patient Engagement, Healthcare Business Analytics, Care Coordination, Connectivity and Integration solutions, and Revenue Cycle and Clinical Documentation services.
buyer: Formativ Health
Formativ Health is a management services organization that is redefining Practice Management and end-to-end Revenue Cycle through the integration of technology-enabled Patient Access, Revenue Cycle Management, Practice Operations and Advisory Services. "
target: Etransmedia Technology, Inc.
Etransmedia delivers EHR & PM, Patient Engagement, Healthcare Business Analytics, Care Coordination, Connectivity and Integration solutions, and Revenue Cycle Management and Clinical Documentation services to group practices and health systems nationwide, serving 12,000+ providers and 40,000+ users.
price ($mm)
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announced 6/15/2016 via BNC Analysis

Bain Capital Private Equity, will acquire Navicure

synopsis: Bain Capital Private Equity is acquiring a majority stake in Navicure, which provides cloud-based claims management and patient payment software for physician practices and hospitals. Navicure, based in Duluth, Georgia, offers revenue-cycle management software, and has more than 90,000 health care provider customers in the U.S.
buyer parent: Bain Capital
buyer: Bain Capital Private Equity
Bain Capital Private Equity pioneered the value added investment approach. They partner with their management teams to provide the strategic and analytic resources needed to build and grow great companies. "
target parent: JMI Equity
target: Navicure
Navicure’s cloud-based healthcare claims management and patient payment solutions help healthcare organizations of all sizes increase revenue, accelerate cash flow, and reduce costs associated with managing insurance claims and patient payments.
price ($mm)
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closed 10/15/2014 via

Ability Network, Inc., acquired MD On-Line, Inc.

synopsis: ABILITY® Network, a market-leading healthcare technology company, announced that it has acquired MD On-Line, Inc. (MDOL), a trusted provider of electronic healthcare solutions. They serve healthcare ambulatory providers, payers, and other customers with connectivity, workflow, and analytic solutions.
buyer: Ability Network, Inc.
ABILITY Network is a healthcare technology company trusted by thousands of hospitals, home health care agencies, hospices, DME and other healthcare providers throughout the U.S. ABILITY provides a broad suite of innovative workflow tools to help manage the administrative complexities of healthcare. "
target: MD On-Line, Inc.
MDOL is a leading provider of data-driven healthcare solutions that improve practice efficiency and enhance patient care. MDOL applies its cloud-based technology to optimize provider offices and educate them on the latest advancements in medicine directly related to their patient population.
price ($mm)
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announced 9/30/2014 via BusinessWire

Optum, will acquire MedSynergies Inc.

synopsis: Optum, a leading information and technology-enabled health services business, announced it has entered into a definitive agreement to acquire MedSynergies, Inc., which provides physician practice management, revenue management, and other business services to physician groups aligned with large health systems.
buyer parent: UnitedHealth Group
buyer: Optum
Optum is a leading information and technology-enabled health services business dedicated to helping make the health system work better for everyone. Optum delivers intelligent, integrated solutions that help to modernize the health system and improve overall population health. "
target: MedSynergies Inc.
MedSynergies partners with health care organizations and physicians to align their operations by providing revenue cycle management, practice management, consulting services, business process analysis and software integration solutions.
price ($mm)
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closed 6/2/2014 via BusinessWire

Availity, LLC, acquired RevPoint Health Technologies

synopsis: Availity, one of the nation’s leading health information networks, announced it has acquired Nashville, Tennessee-based RevPoint Healthcare Technologies, an innovative provider of revenue cycle tools that increase patient collections at the beginning of the revenue cycle process.
buyer parent: Humana Inc.
buyer: Availity, LLC
Availity delivers revenue cycle and related business solutions for health care professionals who want to build healthy, thriving organizations. Availity has the powerful tools, actionable insights and expansive network reach that medical businesses need to get an edge. "
target: RevPoint Health Technologies
RevPoint Health Technologies’ revenue cycle management solution enables healthcare providers to increase collections, enhance employee performance and improve patient satisfaction. Their revenue cycle tools increase patient collections at the beginning of the revenue cycle process.
price ($mm)
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closed 11/21/2013 via PR Newswire

Experian plc, acquired Passport Health Communications, Inc.

synopsis: Experian Healthcare announced completion of the acquisition of Passport Health, which brings together complementary capabilities across the entire healthcare revenue cycle and positions the organization as a market leader in healthcare information technology.
buyer: Experian plc (LSE:EXPN:$4,861.00)
Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. "
target parent: Great Hill Partners LLC
target: Passport Health Communications, Inc.
Passport Health Communications Inc. creates solutions to enable hospitals and healthcare providers to improve business operations and achieve Payment Certainty for Every Patient™. The organization is among the nation's fastest-growing Software-as-a-Service companies.
price ($mm)
$850
rev ($mm)
$121
EBITDA ($mm)
EV / rev
7.0x
EV / EBITDA
closed 9/19/2012 via PR Newswire

MD On-Line, Inc., acquired Intivia Inc.

synopsis: MD On-Line, Inc. a leading provider of electronic healthcare solutions that leverage data to improve practice efficiency and industry connectivity—announced that it has acquired Intivia, Inc., a premier supplier of integrated healthcare technology services and software products to hundreds of healthcare facilities throughout the United States.
buyer: MD On-Line, Inc.
MD On-Line, Inc. is a leading provider of electronic healthcare solutions that leverage data to improve practice efficiency and industry connectivity. MDOL optimizes provider offices, improves the quality of patient care, and eliminates inefficiencies within our healthcare system. "
target: Intivia Inc.
Intivia is a leading provider of integrated EMR and practice management software, revenue cycle management services, and medical transcription services to thousands of healthcare professionals throughout the United States.
price ($mm)
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closed 12/16/2011 via BusinessWire

HMS, acquired HealthDataInsights Inc.

synopsis: HMS Holdings Corp., the nation's leader in coordination of benefits and program integrity services for healthcare payers, has completed the acquisition of privately-held HealthDataInsights, a leading provider of improper payment identification services for government and commercial health plans.
buyer: HMS (HMSY:$626.21)
HMS Holding Corp. is the nation's leader in coordination of benefits and program integrity services for healthcare payers. Its clients include health and human services programs; commercial programs; the Centers for Medicare & Medicaid Services; and Veterans Administration facilities. "
target parent: Ticonderoga Capital Inc.
target: HealthDataInsights Inc.
HealthDataInsights (HDI) is the industry leader in healthcare claims integrity: fraud, waste, abuse, errors and improper payment identification and recoupment solutions. The company specializes in the identification and recoupment of claim overpayments to providers.
price ($mm)
$327
rev ($mm)
$85
EBITDA ($mm)
EV / rev
4.5x
EV / EBITDA
closed 10/18/2011 via Market Wire

TransUnion Healthcare, acquired Financial Healthcare Systems

synopsis: TransUnion Healthcare, a wholly owned subsidiary of credit and information management company TransUnion, has acquired Financial Healthcare Systems. The Denver-based company provides an Internet-based solution to the healthcare industry that informs patients about their out-of-pocket costs, in real-time, prior to treatment.
buyer parent: Madison Dearborn Partners
buyer: TransUnion Healthcare
TransUnion Healthcare, a wholly owned subsidiary of credit and information management company TransUnion, empowers providers and payers with instantaneous intelligence by providing data and analytics at the point of need. "
target: Financial Healthcare Systems
Financial Healthcare Systems (FHS Corp) developed one of the industry's premier patient estimation solutions to address the rising demands of price transparency and patient consumerism. Its ClearQuote™ solution calculates a patient's out of pocket responsibility.
price ($mm)
$49
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/27/2011 via Company Description

NextGen Healthcare Information Systems, Inc., acquired IntraNexus, Inc.

synopsis: IntraNexus, a provider of web-based integrated clinical and revenue-cycle management information system, has been acquired Quality Systems, Inc. IntraNexus will operate as a part of NextGen Healthcare Information Systems, Inc.
buyer parent: Quality Systems, Inc.
buyer: NextGen Healthcare Information Systems, Inc. (:$531.77)
NextGen Healthcare Information Systems, Inc. develops computer-based practice management and electronic medical records systems, and provides related services to medical group practices and healthcare systems. "
target: IntraNexus, Inc.
Since 1992, IntraNexus has provided web-based integrated clinical and revenue-cycle management information systems, along with superior professional services that enable healthcare organizations to share information across the care continuum.
price ($mm)
$3.28
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/18/2011 via PR Newswire

Craneware, Inc., acquired Claimtrust, Inc.

synopsis: Craneware, Inc., the market leader in automated revenue integrity solutions for the U.S. healthcare market, has announced the acquisition of Nashville-based ClaimTrust, Inc., a Software-as-a-Service (SaaS) revenue cycle technology solutions provider.
buyer: Craneware, Inc.
Craneware is the leader in automated revenue integrity solutions that improve financial performance for healthcare organizations. Its SaaS solutions help hospitals and other healthcare providers effectively price, charge and code for services and supplies associated with patient care. "
target: Claimtrust, Inc.
Founded in 1998 with offices in Nashville and Boston, ClaimTrust has developed InSight Revenue Cycle Solution™, a suite of five software solutions and services targeting the revenue cycle. ClaimTrust employs over 50 people, providing services to over 275 hospitals in the US and Puerto Rico.
price ($mm)
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closed 2/2/2011 via PE Hub

SFW Capital Partners, acquired MD Buyline

synopsis: Middle-market buyout shop SFW Capital Partners has acquired MD Buyline, a provider of strategic information and analyses to healthcare services companies. Founded in 1983 by Larry and Sharon Malcolmson, Dallas-based MD Buyline serves over 1,500 hospitals throughout the U.S., including not-for-profit and for-profit hospitals.
buyer: SFW Capital Partners
SFW Capital Partners is a private equity firm that invests with management in mid-sized companies providing analytical tools and related services, including instruments, information and software, and outsourced analytical services. "
target: MD Buyline
Founded in 1983, MD Buyline is the most trusted source for healthcare companies of strategic information and analyses regarding the technical capabilities, acquisition costs, and service and maintenance of essential medical capital equipment and technology.
price ($mm)
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closed 7/10/2019 via PR Newswire

Waystar, acquired Digitize.AI, Inc.

synopsis: Waystar, a leading provider of revenue cycle technology, has acquired Digitize.AI, an artificial intelligence technology (AI) firm providing the healthcare industry with smarter prior authorizations. Digitize.AI offers AI enabled systems that help providers and health plans to maximize productivity and improve the member-patient experience.
buyer: Waystar
Waystar provides next-generation, cloud-based technology that simplifies and unifies the healthcare revenue cycle. The Waystar platform removes friction in payment processes, streamlines workflows and improves financials for providers in every care setting. "
target: Digitize.AI, Inc.
Digitize.AI is an artificial intelligence (AI) technology firm providing the healthcare industry with faster and smarter prior authorizations. Digitize.AI offers Lia and Mia, AI enabled systems that help providers and health plans to maximize productivity and improve the member-patient experience.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 9/27/2018 via PR Web

OSG Billing Services, acquired AppRev

synopsis: AppRev announced that it has been acquired by OSG Billing Services, a leading provider of omnichannel billing and payment solutions, customer engagement and critical customer communication management. AppRev delivers industry-leading solutions that enable providers to optimize revenue cycle performance.
buyer parent: Aquiline Capital Partners
buyer: OSG Billing Services
OSG has been a leading outsourced provider of omnichannel billing and payment solutions, offering a full suite of integrated customer communications and engagement solutions that transform the way OSG’s clients reach their customers. "
target: AppRev
AppRev delivers industry-leading solutions that enable healthcare providers to optimize revenue cycle performance. Using cloud based software, supported by AppRev experts, providers are able to identify, quantify, resolve and measure key revenue cycle issues.
price ($mm)
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announced 6/23/2014 via PR Newswire

Emdeon, Inc., will acquire Capario

synopsis: Emdeon Inc. announced it has entered into a definitive agreement to acquire Capario, an innovative company providing industry-leading healthcare technology solutions. Capario will extend Emdeon's ability to help healthcare providers get reimbursed quickly, accurately and cost effectively.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers, pharmacies and patients in the U.S. healthcare system. "
target parent: Marlin Equity Partners
target: Capario
Capario provides industry-leading healthcare technology solutions. Through its proprietary, cloud-based application suite and underlying technology platform CaparioOne, Capario's customers comprehensively manage their revenue cycle with a single, integrated solution.
price ($mm)
$115
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/12/2006 via BusinessWire

MedAvant Healthcare Solutions, acquired Medical Resources, LLC

synopsis: MedAvant Healthcare Solutions, a leader in healthcare technology and transaction services, has signed a definitive agreement to acquire Medical Resource, LLC and National Provider Network, Inc. for $5.0 million in total consideration.
buyer: MedAvant Healthcare Solutions
MedAvant is a healthcare technology company that facilitates the electronic exchange of medical claims and clinical information among hospitals, doctors, medical laboratories and insurance payers. The Company offers electronic claims processing to healthcare providers. "
target: Medical Resources, LLC
Medical Resources, LLC. is a leader in healthcare staffing located in Troy, MI. We strive to provide a service to our clients and providers that will exceed all expectations. We realize the importance of locating and recruiting quality candidates.
price ($mm)
$5.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/13/2015 via PR Newswire

Emdeon, Inc., acquired Altegra Health

synopsis: Emdeon Inc. announced that it has closed its previously announced acquisition of Altegra Health, a national provider of technology and intervention platforms that combine data aggregation and analytics with unique member engagement and reporting capabilities to achieve actionable insights and improved management for value-based healthcare.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon provides software and analytics, network solutions and technology-enabled services that optimize communications, payments and insights by leveraging its healthcare platform, which includes one of the largest financial and administrative networks in the United States healthcare system. "
target parent: Parthenon Capital Partners
target: Altegra Health
Altegra Health is a national provider of technology-enabled, next generation payment solutions that enable health plans and other risk-bearing healthcare providers to generate, analyze and submit the data needed to successfully manage member care and ensure appropriate reimbursement.
price ($mm)
$910
rev ($mm)
$193
EBITDA ($mm)
EV / rev
4.7x
EV / EBITDA
closed 12/11/2014 via Company Press Release

Emdeon, Inc., purchased AdminiSource from Alegeus Technologies, LLC

synopsis: Emdeon Inc. announced it has acquired AdminiSource Communications, Inc., the payment and communication solutions (PCS) business of Alegeus Technologies, LLC, an industry leading provider of consumer directed healthcare solutions.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers, pharmacies and patients in the U.S. healthcare system. "
seller: Alegeus Technologies, LLC
AdminiSource Communications, Inc. offers healthcare payment distribution services to insurance carriers and healthcare organizations. It provides Web enabled printed and electronic payment and remittance advice distribution services, such as claim check, billing statements, ID cards and more.
price ($mm)
$35
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/8/2014 via BusinessWire

Emdeon, Inc., acquired Change Healthcare Corporation

synopsis: Emdeon Inc. announced it has acquired Change Healthcare, a market leader in healthcare consumer engagement and transparency. Change Healthcare is a premier national provider of healthcare consumer engagement and transparency solutions.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers, pharmacies and patients in the U.S. healthcare system. "
target: Change Healthcare Corporation
Change Healthcare is a premier national provider of healthcare consumer engagement and transparency solutions, enabling consumers to: better understand and utilize their healthcare benefits; make informed healthcare purchasing decisions based on quality, cost and convenience; and realize savings.
price ($mm)
$135
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/23/2014 via PR Newswire

Emdeon, Inc., will acquire Capario

synopsis: Emdeon Inc. announced it has entered into a definitive agreement to acquire Capario, an innovative company providing industry-leading healthcare technology solutions. Capario will extend Emdeon's ability to help healthcare providers get reimbursed quickly, accurately and cost effectively.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers, pharmacies and patients in the U.S. healthcare system. "
target parent: Marlin Equity Partners
target: Capario
Capario provides industry-leading healthcare technology solutions. Through its proprietary, cloud-based application suite and underlying technology platform CaparioOne, Capario's customers comprehensively manage their revenue cycle with a single, integrated solution.
price ($mm)
$115
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/12/2013 via PR Newswire

Emdeon, Inc., acquired Goold Health Systems

synopsis: Emdeon Inc., a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, announced the acquisition of Goold Health Systems, a healthcare management organization that specializes in providing pharmacy benefit and related services primarily to State Medicaid agencies across the nation.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon, Inc. is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. "
target: Goold Health Systems
Goold Health Systems (GHS) offers clinically driven, evidence-based pharmacy benefit services, clinical services, and secure data and storage services. Headquartered in Augusta, Maine, with offices in Iowa and Wyoming, GHS focuses almost exclusively on Medicaid and related programs.
price ($mm)
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closed 5/7/2012 via PR Newswire

Emdeon, Inc., acquired TC³ Health, Inc.

synopsis: Emdeon Inc. announced its acquisition of TC3™Health, Inc. The acquisition of TC3 expands Emdeon's already robust Payment Integrity solutions for healthcare payers to include new claims analytics tools from pre-adjudication through post-payment, as well as access to a broad out-of-network claims cost management solution.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon, Inc. is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. "
target parent: JMI Equity
target: TC³ Health, Inc.
TC3 Health is a leading provider of cost containment solutions, including payment integrity and out-of-network claims cost management, to U.S. healthcare payers. It provides healthcare payers a total claims management solution that provides payment integrity and enables cost savings.
price ($mm)
$61
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/2/2011 via PR Newswire

Blackstone Group LP, acquired Emdeon, Inc.

synopsis: Emdeon Inc., a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, announced that a fund managed by Blackstone on behalf of its private equity investors has completed its acquisition of Emdeon.
buyer: Blackstone Group LP (BX:$5,568.16)
Blackstone is one of the world's leading investment and advisory firms. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies they invest in, the companies they advise and the broader global economy. "
target: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system.
price ($mm)[EV]
$2,202 [$3,034]
rev ($mm)
$1,075
EBITDA ($mm)
$253
EV / rev
3.3x
EV / EBITDA
14.1x
closed 5/4/2011 via PR Newswire

Emdeon, Inc., acquired EquiClaim, Inc.

synopsis: Emdeon Inc., a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, announced the acquisition of EquiClaim, a leading provider of healthcare audit and recovery services for commercial and government payers, from MultiPlan, Inc.
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. "
target parent: MultiPlan, Inc.
target: EquiClaim, Inc.
EquiClaim delivers comprehensive cost management strategies to government and commercial payers in the healthcare industry through its suite of clinical review services.
price ($mm)
$41
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/4/2010 via PR Newswire

Emdeon, Inc., acquired Chamberlin Edmonds & Associates, Inc.

synopsis: Emdeon Inc., a leading provider of healthcare revenue and payment cycle management solutions, announced it has completed the acquisition of Chamberlin Edmonds & Associates, Inc., a leading provider of government program eligibility and enrollment services to over 200 acute care facilities in 31 states.
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle solutions that connect payers, providers and patients to integrate and automate key business and administrative functions throughout the patient encounter. "
target: Chamberlin Edmonds & Associates, Inc.
Chamberlin Edmonds serves as patient advocates and provides custom-tailored eligibility services to hospitals nationwide. Chamberlin Edmonds comprehensive services examine a wide spectrum of uninsured and underinsured patients, including inpatient, outpatient and emergency department cases.
price ($mm)[EV]
$192 [$225]
rev ($mm)
$87
EBITDA ($mm)
$22
EV / rev
2.8x
EV / EBITDA
11.2x
closed 1/26/2010 via PR Newswire

Emdeon, Inc., acquired FutureVision Technologies

synopsis: Emdeon Inc., a leading provider of healthcare revenue and payment cycle management solutions, announced the acquisition of FutureVision Technologies, a premier provider of outsourced services specializing in electronic data conversion and information management solutions.
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle solutions that connect payers, providers and patients to integrate and automate key business and administrative functions throughout the patient encounter. "
target: FutureVision Technologies
FutureVision Technologies is an industry leader in document and information management services. If your company has an imaging, data entry, file conversion, or digital archiving challenge, odds are FutureVision has already seen it and solved it many times before.
price ($mm)
$20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/2/2009 via Company Press Release

Emdeon Business Services, acquired Electronic Rx Network, LLC

synopsis: Emdeon, a leading provider of revenue and payment cycle management solutions, announced the acquisition of eRx Network, LLC, a premier provider of electronic pharmacy healthcare solutions.
buyer parent: General Atlantic, LLC
buyer: Emdeon Business Services
Emdeon is a leading provider of revenue and payment cycle solutions that connect payers, providers and patients to integrate and automate key business and administrative functions throughout the patient encounter. "
target: Electronic Rx Network, LLC
eRx Network, LLC (eRx) is a premier provider to the U.S. pharmacy industry of a secure, reliable and performance oriented network for electronic transaction applications.
price ($mm)
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closed 6/5/2009 via PR Newswire

Emdeon Business Services, acquired The Sentinel Group

synopsis: Emdeon, a leader in revenue and payment cycle management solutions, announced the implementation of its first major customer following the recent acquisition of The Sentinel Group. The Sentinel Group is a recognized leader in healthcare fraud and abuse management services.
buyer parent: General Atlantic, LLC
buyer: Emdeon Business Services
Emdeon is a leading provider of revenue and payment cycle solutions that connect payers, providers and patients to integrate and automate key business and administrative functions throughout the patient encounter. "
target parent: Trustmark Companies
target: The Sentinel Group
The Sentinel Group is a recognized leader in the healthcare anti-fraud and abuse industry. Sentinel is known for its experienced team of fraud investigators and its skillful application of the IBM Fraud and Abuse Management System (FAMS) state-of-the-art technology.
price ($mm)
$3.61
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/29/2008 via PR Newswire

Emdeon Business Services, purchased Patient Statement Business from GE Healthcare

synopsis: Emdeon, a leading provider of revenue and payment cycle management solutions for the healthcare industry, announced that it has acquired GE Healthcare Information Technology's patient statement business, a bulk printing and mailing services provider.
buyer parent: General Atlantic, LLC
buyer: Emdeon Business Services
Emdeon is a leading provider of revenue and payment cycle solutions that connect payers, providers and patients to integrate and automate key business and administrative functions throughout the patient encounter. "
seller parent: General Electric Company
seller: GE Healthcare
GE Healthcare expertise is in medical imaging and information technologies, medical diagnostics, patient monitoring and life support systems, disease research, drug discovery, and biopharmaceutical manufacturing technologies.
price ($mm)
$17
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/16/2006 via PR Newswire

General Atlantic Partners, LLC, acquired Emdeon Business Services

synopsis: Emdeon Corporation has completed the sale of 52% of its Emdeon Business Services segment to an affiliate of General Atlantic LLC. This transaction was previously announced on September 26, 2006. ViPS, Inc. and its subsidiaries are not part of this transaction and will remain subsidiaries of Emdeon.
buyer: General Atlantic Partners, LLC
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. GA combines a collaborative global approach, sector specific expertise, long-term investment horizon and a deep understanding of growth drivers. "
target parent: HLTH Corporation
target: Emdeon Business Services
Emdeon is a leading provider of revenue and payment cycle solutions that connect payers, providers and patients to integrate and automate key business and administrative functions throughout the patient encounter.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/23/2019 via BusinessWire

Frazier Healthcare Partners, will acquire MedData, Inc.

synopsis: Frazier Healthcare Partners, a leading provider of private equity capital to healthcare companies, will acquire MedData, one of the nation’s leading providers of technology-enabled enterprise solutions designed to help physicians and hospitals better engage patients throughout the entire healthcare continuum.
buyer: Frazier Healthcare Partners
Frazier Healthcare Partners is a leading provider of private equity capital to healthcare companies. With more than $4.2 billion total capital raised, Frazier has invested in more than 170 companies with investment type ranging from company creation and venture capital. "
target parent: MEDNAX, Inc.
target: MedData, Inc.
MedData is one of the nation’s leading providers of technology-enabled enterprise solutions designed to help physicians and hospitals better engage patients throughout the entire healthcare continuum. Their program includes patient access and communications, revenue cycle management and more.
price ($mm)
$250
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2019 via GlobeNewswire

Nexteligent Holdings, Inc., acquired Revenue Maximization Group

synopsis: Nexteligent Holdings, Inc., an aggregator of healthcare professional services and technology firms, has acquired the assets of Revenue Maximization Group (RMG), a national provider of revenue cycle management solutions. RMG also provides denials recovery for hospital systems, doctor groups, clinics, and long term care operators.
buyer: Nexteligent Holdings, Inc. (:$0.00)
Nexteligent Holdings, Inc., formerly Efftec International, Inc, is an aggregator of healthcare services and technology firms serving hospitals, clinics, skilled nursing facilities, and doctor networks with revenue cycle management and telemedicine. "
target: Revenue Maximization Group
Revenue Maximization Group (RMG) provides end-to-end revenue cycle management services and denials recovery for hospital systems, doctor groups, clinics, and long term care operators. RMG also provides turnkey solutions for preventative care services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/9/2019 via PR Newswire

Acusis LLC, acquired Cybergistics

synopsis: Acusis LLC, a provider of Clinical Documentation and Revenue Cycle Management (RCM) solutions & services announces the acquisition of Cybergistics LLC, a nationwide provider of medical coding, revenue cycle management, HIM services, comprehensive information management, document storage and document imaging and records management.
buyer: Acusis LLC
Acusis is a nationwide provider of outsourced Revenue Cycle Management, Clinical Documentation and Technology solutions to hospitals, clinics, and physician practices. Acusis has higher standards, specializing in superior performance, integrity, and quality. "
target: Cybergistics
Cybergistics is a nationwide provider of medical coding, revenue cycle management, HIM services, comprehensive information management, document storage and document imaging and records management. Cybergistics also offer high-touch, confidential records archiving.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/24/2018 via Company Press Release

Cedar Gate Technologies, acquired Global Healthcare Alliance

synopsis: Cedar Gate Technologies announced it has acquired Global Healthcare Alliance. Global Healthcare Alliance is a leader in value based healthcare reimbursement programs, providing strategic and sustainable reimbursement programs for health systems, hospitals, providers, employers, and payers.
buyer parent: GTCR, LLC
buyer: Cedar Gate Technologies
Cedar Gate Technologies (CGT) is a value-based care performance management analytic company. CGT provides advisory, administrative, and technology solutions to providers, payers and self-insured employers at risk for the healthcare dollar and transitioning from fee for-service to value-based care. "
target: Global Healthcare Alliance
Global Healthcare Alliance is a leader in value based healthcare reimbursement programs, providing strategic and sustainable reimbursement programs for health systems, hospitals, providers, employers, and payers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/19/2018 via BNC Analysis

Cognizant Technology Solutions, acquired Bolder Healthcare Solutions

synopsis: JZ Partners has sold Bolder Healthcare Solutions (BHS) to Cognizant Technology Solutions, one of the world's leading professional services companies. BHS offers a growing suite of best of breed healthcare revenue cycle management services to the Hospital and Physician marketplace.
buyer: Cognizant Technology Solutions (CTSH:$16,458.00)
Cognizant is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Their unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. "
target parent: JZ Partners, LLC
target: Bolder Healthcare Solutions
Bolder Healthcare Solutions (BHS) offers a growing suite of best of breed healthcare revenue cycle management services to the Hospital and Physician marketplace. BHS offers unmatched expertise, processes, technology and capabilities to help healthcare providers increase cash flow.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/21/2017 via Company Press Release

Carlyle Group, acquired Visionary RCM

synopsis: The Carlyle Group, a global alternative asset manager, has acquired a majority stake in Visionary RCM, the largest offshore risk adjustment and medical coding solution provider in India. Visionary RCM offers business value to healthcare clients by combining operational excellence with deep domain expertise spanning across Payers & Providers.
buyer: Carlyle Group (CG:$3,068.40)
The Carlyle Group is a global alternative asset manager with $174 billion of assets under management across 306 investment vehicles. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions. "
target: Visionary RCM
Visionary RCM is an ISO 27001:2013, SOC 2 TYPE II HIPAA compliant, knowledge centric organization, specializing in Risk Adjustment solutions. They offer business value to over 250+ healthcare clients by combining operational excellence with deep domain expertise spanning across Payers & Providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/4/2017 via BusinessWire

The Sirrus Group merged with Patient Accounts Services, LLC,

synopsis: Patient Accounts Services, a leading provider of revenue cycle management to hospitals, health systems, and physician practices announced that it has merged with a business that specializes in Insurance Reimbursement services, The Sirrus Group, and together they will formally change their name to Acclara Solutions.
buyer parent: Xerox Corporation
buyer: Patient Accounts Services, LLC
Patient Accounts Services, LLC was established in 2005 with a mission: Provide the healthcare industry with a Revenue Cycle Management/AR Firm that recovers their cash in a minimum number of days while providing them and their patients with impeccable, complaint free, customer service. "
target: The Sirrus Group
Sirrus assist healthcare providers by improving cash flow and providing revenue cycle enhancement, recovery, and maximization services. They have provided their Clients with superior service for over 15 years, and in facilitating their operations they have recovered more than $100,000,000.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/27/2016 via PR Web

MedStreaming, LLC, acquired Physician Billing Partners

synopsis: Medstreaming, a leading provider of innovative healthcare cardiovascular and radiology workflow technology and registry software solutions, announced the acquisition of Physician Billing Partners (PBP), a trusted provider of revenue cycle management services encompassing the same specialties.
buyer: MedStreaming, LLC
Medstreaming is a leading provider of Healthcare IT solutions for image intensive specialties. They are focused on enabling proactive patient care and increasing the efficiency of healthcare by providing medical IT solutions to individual practitioners and large institutions alike. "
target: Physician Billing Partners
Physician Billing Partners is a privately owned Seattle based company that provide Revenue Cycle Management Services throughout the United States.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/25/2016 via Market Wire

iHealth Solutions, LLC, acquired DNA Healthcare, Inc.

synopsis: iHealth Solutions, LLC, a leading healthcare software and services company, announced that it has completed the acquisition of the assets of New Jersey-based DNA Healthcare Inc. DNA Healthcare is a leading Healthcare Management Company specializing in providing value-driven revenue-cycle management (RCM) Solutions.
buyer: iHealth Solutions, LLC
iHealth provides comprehensive revenue cycle management (RCM) services through a robust, innovative technology suite. iHealth can help hospitals and physicians increase their existing revenue stream, uncover new payment opportunities and elevate RCM to Revenue Cycle Performance™. "
target: DNA Healthcare, Inc.
DNA Healthcare is a leading Healthcare Management Company specializing in providing value-driven revenue-cycle management (RCM) Solutions. DNA Healthcare’s technology and Data Driven Management Solutions cover the complete Revenue Cycle workflow.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/2/2015 via Company Press Release

North American Partners in Anesthesia, acquired ProCare Systems, Inc.

synopsis: North American Partners in Anesthesia (NAPA), the largest single-specialty anesthesia and perioperative management company in the United States, announced the acquisition of ProCare Systems. The company is a Management Services Organization focused on chronic pain management located in Grand Rapids, MI.
buyer: North American Partners in Anesthesia
North American Partners in Anesthesia (NAPA) is the leading single specialty anesthesia management company in the United States. NAPA is comprised of the most respected clinical staff, providing thousands of patients with superior and attentive care. "
target: ProCare Systems, Inc.
ProCare Systems is unique in that it provides its clients with the perfect blend of clinical intelligence and business acumen. Let experience and expertise of ProCare Systems provide practice with exceptional results.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/30/2014 via BusinessWire

Optum, will acquire MedSynergies Inc.

synopsis: Optum, a leading information and technology-enabled health services business, announced it has entered into a definitive agreement to acquire MedSynergies, Inc., which provides physician practice management, revenue management, and other business services to physician groups aligned with large health systems.
buyer parent: UnitedHealth Group
buyer: Optum
Optum is a leading information and technology-enabled health services business dedicated to helping make the health system work better for everyone. Optum delivers intelligent, integrated solutions that help to modernize the health system and improve overall population health. "
target: MedSynergies Inc.
MedSynergies partners with health care organizations and physicians to align their operations by providing revenue cycle management, practice management, consulting services, business process analysis and software integration solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/26/2014 via BusinessWire

MEDNAX, Inc., acquired MedData, Inc.

synopsis: MEDNAX, Inc. announced the acquisition of MedData, Inc., a provider of revenue cycle management services, including professional and facility coding, billing and collections, as well as an industry leading early out/patient pay solution, to emergency department, and other physician specialty groups.
buyer: MEDNAX, Inc. (MD:$3,649.00)
MEDNAX, Inc. is a national medical group that comprises the nation’s leading providers of neonatal, anesthesia, maternal-fetal and pediatric medical and surgical subspecialty services. The company enhances patient outcomes and provide high-quality, cost-effective care. "
target parent: Baird
target: MedData, Inc.
MedData, Inc. is one of the nation’s leading providers of a range of patient-focused medical revenue cycle management services including billing, coding, collections, and patient satisfaction. The company provides innovative billing solutions to the medical community.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/13/2013 via PR Newswire

Sovrin Health Systems merged with Paramount Management Services,

synopsis: Paramount Management Services, Inc. is proud to announce that they have merged with Sovrin Health Systems to become a full-scale Management Services Organization (MSO). MSO's make up a rapidly growing industry that provides physicians with customized services and tools that streamline operations, implement cost control, and improve quality of care.
buyer: Paramount Management Services
Paramount Management Services, Inc. is a full-service MSO that offers a wide selection of high quality consolidation, billing, and collection services that provide a highly efficient, cost-effective alternative to in-house administration for healthcare organizations and physicians. "
target: Sovrin Health Systems
Sovrin Health Systems is a Revenue Cycle Management Company that works with exclusive software and business practices created by a computer engineer and an attorney whose combined experience make up over 30 years in healthcare law and revenue cycle management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/29/2013 via BusinessWire

Zotec Partners, will acquire Medical Management Professionals

synopsis: Zotec Partners, LLC announced that it has signed a definitive agreement to acquire 100 percent of the stock of Medical Management Professionals, Inc. (MMP). MMP offers leading medical billing and practice management services to hospital-based physicians in the areas of radiology, anesthesiology, emergency medicine and pathology.
buyer: Zotec Partners
Zotec Partners is the industry leader in medical billing, practice management and Radiology Information Systems software and services. Zotec delivers effective solutions through its innovative software, personalized service and measurable client results. "
target parent: CBIZ, Inc.
target: Medical Management Professionals
Medical Management Professionals, Inc. (MMP) provides comprehensive billing and practice management services to hospital-based physicians across the country. Founded in 1993, MMP has grown steadily to become the leading billing and practice management firm in the industry.
price ($mm)
$202
rev ($mm)
$130
EBITDA ($mm)
EV / rev
1.6x
EV / EBITDA
closed 7/3/2013 via GlobeNewswire

Medical Transcription Billing, Corp., acquired Metro Medical Management Solutions, Inc.

synopsis: MTBC, a leading provider of electronic health record software, practice management, revenue cycle management and patient engagement solutions, announced that it has acquired Metro Medical Management Services, Inc., a revenue cycle management company based in New York City.
buyer: Medical Transcription Billing, Corp. (MTBC:$21.30)
Founded in 1999 and based in Somerset, New Jersey, Medical Transcription Billing, Corp. provides practice and revenue cycle management services and proprietary software solutions to private physician offices and hospital-employed provider groups throughout the United States. "
target: Metro Medical Management Solutions, Inc.
Metro Medical Management Services, Inc. was founded in 1998 and provides revenue cycle management services to clients throughout the New York City metro area.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/1/2013 via BusinessWire

Parallon Business Solutions, acquired The Outsource Group, Inc.

synopsis: Parallon, a leading provider of healthcare business and operational services, announced it has completed the acquisition of The Outsource Group, a national leader in healthcare revenue cycle management.
buyer parent: HCA Holdings, Inc.
buyer: Parallon Business Solutions
Parallon Business Solutions, LLC, headquartered in Franklin, Tenn., is committed to transforming the business of healthcare. It provides revenue cycle and business process expertise, workforce management solutions, supply chain services, complete information technology services. "
target parent: ClearLight Partners, LLC
target: The Outsource Group, Inc.
The Outsource Group is a leading revenue cycle management company serving hospitals and physician practices. Their mission is to deliver innovative revenue cycle solutions that optimize and accelerate healthcare reimbursement.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/5/2012 via BusinessWire

Conifer Health Solutions, Inc., purchased Revenue Cycle Solutions from Dell, Inc.

synopsis: Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation and a leader in business process management solutions for healthcare providers, has acquired Dell’s Revenue Cycle Solutions line of business for hospitals and healthcare systems.
buyer parent: Tenet Healthcare Corporation
buyer: Conifer Health Solutions, Inc.
Conifer Health Solutions provides revenue cycle and patient communications services to hospitals and health systems. They utilize proprietary technology to offer comprehensive solutions, from patient pre-registration through the processing of governmental, managed care and self-pay claims. "
seller: Dell, Inc. (DELL:$91,601.00)
Dell, Inc. designs, develops, manufactures, markets, sells and supports a wide range of products which are customized to individual customer requirements which include mobility products, desktop personal computers, software and peripherals, servers and networking, services and storage.
price ($mm)
rev ($mm)
$85
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 6/22/2012 via Market Wire

T-System Technologies, Ltd., acquired Marina Medical Billing Service

synopsis: T-System, Inc. announced its purchase of Marina Medical Billing Service, an emergency room medical coding/billing company based in Cerritos, Calif. The deal follows T-System's previous acquisitions of Clinical Coding Solutions and Practice Management Associates and signifies the company's expanding revenue cycle management solution offerings.
buyer: T-System Technologies, Ltd.
T-System, Inc. sets the industry standard for clinical, business and IT solutions for emergency medicine, with approximately 40 percent of the nation's emergency departments using T-System solutions. To meet the individual needs of hospitals, T-System offers both paper and electronic systems. "
target parent: American Capital Strategies, Ltd.
target: Marina Medical Billing Service
Serving emergency departments, hospitals, and urgent care clinics with coding and revenue cycle management services for many years, Marina Medical Billing Service is among the elite firms in the nation specializing in emergency medicine coding and billing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/21/2012 via GlobeNewswire

Etransmedia Technology, Inc., acquired Associated Billing Services, Inc.

synopsis: Etransmedia Technology, Inc acquires Associated Billing Services, Inc, a company which provides a range of Revenue Cycle Management and accounts receivable management services to the healthcare industry. This acquisition solidifies Etransmedia's position as a leading national provider of healthcare IT and Revenue Cycle Management solutions.
buyer: Etransmedia Technology, Inc.
Etransmedia is a premier provider of information solutions to the healthcare industry, delivering comprehensive integrated software, service and connectivity solutions to simplify critical functions in the healthcare community. "
target: Associated Billing Services, Inc.
Associated Billing Servicesis a full-service medical billing company, handling a range of services from credentialing and claims submission to payment posting and accounts receivable follow-up. ABS' integrated offering encompasses all key steps necessary to the claims and reimbursement process.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/20/2012 via GlobeNewswire

Medical Transcription Billing, Corp., acquired Medical Management, LLC

synopsis: MTBC, a leading healthcare IT company serving providers throughout the country, announced that it has acquired Medical Management, LLC, a Maryland-based revenue cycle management company. Medical Management, LLC was founded in 1994 and provided revenue cycle management services to clients throughout the Washington D.C. metro area.
buyer: Medical Transcription Billing, Corp. (MTBC:$21.30)
Founded in 1999 and based in Somerset, New Jersey, Medical Transcription Billing, Corp. provides practice and revenue cycle management services and proprietary software solutions to private physician offices and hospital-employed provider groups throughout the United States. "
target: Medical Management, LLC
Medical Management, LLC was founded in 1994 and provides revenue cycle management services to clients throughout the Washington D.C. metro area.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: MTBC
 
 
 
 
 
 
 
 
Medical Transcription Billing, Corp.
Medical Transcription Billing, Corp.
MTBC (Medical Transcription Billing, Corp) is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers, revenue cycle management companies and software vendors.
year
2016
rev ($mm)
$21.30
EBITDA ($mm)
($1.14)
EBIT ($mm)
($5.80)
Net Income ($mm)
Employees
1600
  • drill down
  • watch
Ticker: STRM
 
 
 
 
 
 
 
 
Streamline Health
Streamline Health
Streamline Health Solutions, Inc. is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge­. Through their Looking Glass Platform they provide clients with meaningful, intelligent SaaS-based solutions from patient engagement to reimbursement.
year
2016
rev ($mm)
$27.57
EBITDA ($mm)
($1.23)
EBIT ($mm)
($3.80)
Net Income ($mm)
Employees
123
  • drill down
  • watch
Ticker: HAXS
 
 
 
 
 
 
 
 
Healthaxis, Inc.
Healthaxis, Inc.
HealthAxis Group is simultaneously the most experienced and modern SaaS-based supplier of benefit platform systems. The comprehensive suite offered by HealthAxis helps organizations address compliance, increase administrative efficiency, lower cost, and improve quality.
year
2007
rev ($mm)
$16.03
EBITDA ($mm)
$0.27
EBIT ($mm)
($0.86)
Net Income ($mm)
Employees
73
  • drill down
  • watch
Ticker: ZMD
 
 
 
 
 
 
 
 
ZoomMed Inc.
ZoomMed Inc.
Zoommed Inc. develops and markets various computer applications for healthcare professionals in Canada. The company builds and operates the ZoomMed Communication Network, a clinical interoperable information exchange network between physicians and various other stakeholders of the healthcare sector.
year
2014
rev ($mm)
$6.08
EBITDA ($mm)
$2.65
EBIT ($mm)
$2.78
Net Income ($mm)
Employees
40
  • drill down
  • watch
Ticker: TSXV:NGH
 
 
 
 
 
 
 
 
Nightingale Informatix Corporation
Nightingale Informatix Corporation
For more than a decade, Nightingale has been delivering innovative cloud-based Electronic Health Record and Practice Management solutions to healthcare organizations across the United States and Canada. They create software that is truly intuitive—minimizing training and maximizing adoption.
year
2015
rev ($mm)
$9.64
EBITDA ($mm)
($1.47)
EBIT ($mm)
($2.00)
Net Income ($mm)
$1.47
Employees
120
  • drill down
  • watch
Ticker: MDRX
 
 
 
 
 
 
 
 
Allscripts
Allscripts
Allscripts is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The company's unique solutions inform, connect and transform healthcare, delivering improved care at lower cost.
year
2019
rev ($mm)
$1,748.29
EBITDA ($mm)
$79.11
EBIT ($mm)
($10.28)
Net Income ($mm)
$396.06
Employees
9500
  • drill down
  • watch
Ticker: MODN
 
 
 
 
 
 
 
 
Model N, Inc.
Model N, Inc.
Model N is the pioneer and leading provider of Revenue Management cloud solutions for the Life Sciences and High Technology industries. Model N helps its customers maximize their revenues by maximizing sell time, revenues per opportunity and number of opportunities.
year
2016
rev ($mm)
$106.97
EBITDA ($mm)
($26.81)
EBIT ($mm)
($32.74)
Net Income ($mm)
Employees
814
  • drill down
  • watch
Ticker: HNTN.OB
 
 
 
 
 
 
 
 
H-NET.NET, Inc.
H-NET.NET, Inc. is the global leader in providing B2B e-commerce services to the visioncare industry. The company is positioned to become the central hub and provide a one-stop multi-service Internet portal and Internet-based transaction processing services. The company has also expanded into the g
year
2002
rev ($mm)
$1.40
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
0
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  • watch
Ticker: KERN
 
 
 
 
 
 
 
 
Akerna
Akerna
Akerna is a global regulatory compliance technology company in the cannabis space. Akerna’s service offerings include the MJ Platform, its leading seed-to-sale, regulatory compliance, technology solution, and Leaf Data Systems, which provide government clients with compliance technology solutions.
year
2019
rev ($mm)
$11.81
EBITDA ($mm)
EBIT ($mm)
($12.12)
Net Income ($mm)
Employees
94
  • drill down
  • watch
Ticker: OTCPK:MJTK
 
 
 
 
 
 
 
 
CannaSys, Inc.
CannaSys, Inc.
CannaSys is a leading technology solutions, marketing and branding company in the regulated cannabis industry. Its products are delivered SaaS to facilitate point-of-purchase transactions, customer relationship marketing solutions and regulated cannabis laboratory information management systems.
year
2017
rev ($mm)
$0.01
EBITDA ($mm)
($1.09)
EBIT ($mm)
($1.07)
Net Income ($mm)
Employees
2
  • drill down
  • watch
Ticker: KOSDAQ:A263700
 
 
 
 
 
 
 
 
Carelabs Co., Ltd.
Carelabs Co., Ltd.
Carelabs is a South Korea-based digital beauty and healthcare company. CareLabs provides comprehensive healthcare IT services, including clinic information services, clinic customer management software, and digital marketing solutions.
year
2019
rev ($mm)
$49.51
EBITDA ($mm)
$4.38
EBIT ($mm)
$3.14
Net Income ($mm)
$1.79
Employees
0
  • drill down
  • watch
Ticker: QSII
 
 
 
 
 
 
 
 
Quality Systems, Inc.
Quality Systems, Inc.
Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices.
year
2015
rev ($mm)
$499.35
EBITDA ($mm)
$57.19
EBIT ($mm)
$44.23
Net Income ($mm)
$32.10
Employees
2927
  • drill down
  • watch
Ticker: QHR
 
 
 
 
 
 
 
 
QHR Technologies Inc.
QHR Technologies Inc.
QHR is a leader in Healthcare Technology, empowering providers and connecting patients. With an 11-year track record offering what is now the single leading Electronic Medical Records in Canada, QHR has a suite of complementary offerings that empower health professionals.
year
2016
rev ($mm)
$23.60
EBITDA ($mm)
$2.08
EBIT ($mm)
$0.83
Net Income ($mm)
$0.09
Employees
200
  • drill down
  • watch
Ticker: MTBC
 
 
 
 
 
 
 
 
Medical Transcription Billing, Corp.
Medical Transcription Billing, Corp.
MTBC (Medical Transcription Billing, Corp) is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers, revenue cycle management companies and software vendors.
year
2016
rev ($mm)
$21.30
EBITDA ($mm)
($1.14)
EBIT ($mm)
($5.80)
Net Income ($mm)
Employees
1600
  • drill down
  • watch
Ticker: RCM
 
 
 
 
 
 
 
 
R1 RCM
R1 RCM
R1 is a provider of technology-enabled revenue cycle management services which transform a health system’s revenue cycle performance across settings of care. R1’s proven and scalable operating model, the R1 Performance Stack℠, seamlessly complements a healthcare organization’s infrastructure.
year
2017
rev ($mm)
$415.66
EBITDA ($mm)
$19.55
EBIT ($mm)
$5.15
Net Income ($mm)
Employees
6379
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Ticker: NCI
 
 
 
 
 
 
 
 
Navigant Consulting
Navigant Consulting
Navigant is a consultancy that serves a variety of industries, including healthcare. Navigant’s current service lines includes revenue cycle management services that help healthcare providers assess and optimize their electronic health records and other IT systems.
year
2019
rev ($mm)
$728.72
EBITDA ($mm)
$70.78
EBIT ($mm)
$46.02
Net Income ($mm)
$93.32
Employees
6175
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Ticker: US:UYMG
 
 
 
 
 
 
 
 
Unity Management Group, Inc
Unity Management Group, Inc
Unity Management Group is a health resource company, which provides quality physician practice management services, that offer high value, and significant return, through its three subsidiary companies. United Healthcare Solutions, Unity Technologies Inc., and United Business Services.
year
2010
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker: FAGR
 
 
 
 
 
 
 
 
Fagron
Fagron
Fagron is an innovative scientific pharmaceutical R&D company that is focused on optimising and innovating pharmaceutical compounding worldwide. Fagron offers Fagron Compounding Essentials, Fagron Trademarks and Fagron Compounding Services to pharmacies and hospital pharmacies in 30 countries.
year
2014
rev ($mm)
$473.30
EBITDA ($mm)
$113.50
EBIT ($mm)
$96.32
Net Income ($mm)
$17.17
Employees
1902
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Ticker: IPCM
 
 
 
 
 
 
 
 
IPC The Hospitalist Company
IPC The Hospitalist Company
IPC Healthcare, Inc. is a leading national acute hospitalist and post-acute provider group practice company. IPC Healthcare’s affiliated physicians and other clinical providers practice in over 400 hospitals and 1,200 post-acute care facilities.
year
2015
rev ($mm)
$728.82
EBITDA ($mm)
$66.67
EBIT ($mm)
$60.78
Net Income ($mm)
$28.28
Employees
2841
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Ticker: OTCPK:MHCC
 
 
 
 
 
 
 
 
Millennium Healthcare Solutions Inc.
Millennium Healthcare Solutions Inc.
Millennium Healthcare Inc. provides primary care physician practices, physician groups and healthcare facilities with medical devices focused on preventive care through early detection. The Company also provides advanced billing and coding services, and practice development and management services.
year
2015
rev ($mm)
$4.80
EBITDA ($mm)
($23.06)
EBIT ($mm)
($23.29)
Net Income ($mm)
Employees
6
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Ticker: TSE:6095
 
 
 
 
 
 
 
 
MedPeer,Inc.
MedPeer,Inc.
MedPeer provides appropriate services at every stage of the clinical process physicians are involved in day-to-day clinical operation. Drug Evaluation provides detailed peer reviews of prescription drugs, and Meet the Experts allows members to consult expert physicians in specific therapeutic areas.
year
2016
rev ($mm)
$9.13
EBITDA ($mm)
$0.94
EBIT ($mm)
$0.39
Net Income ($mm)
$0.20
Employees
44
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