Like Bottom Line Systems

closed 3/9/2016 via Company Press Release

Riverside Partners, LLC., acquired Bottom Line Systems

synopsis: Riverside Partners, LLC, a Boston-based private equity firm, has completed a majority equity investment in Bottom Line Systems. Based in Crescent Springs, KY, BLS is a leading provider of revenue cycle management technology and related services to large hospital systems and other healthcare providers throughout the United States.
buyer: Riverside Partners, LLC.
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. "
target: Bottom Line Systems
Bottom Line Systems is a leading provider of revenue cycle management technology and services to healthcare providers, nationally. A central part of Bottom Line Systems' healthcare payment compliance service is process and managed care contract improvement.
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announced 8/7/2019 via BusinessWire

Guidehouse, will acquire Navigant Consulting

synopsis: Guidehouse, a leading provider of management consulting services to government clients, will be acquiring Navigant Consulting, Inc., a specialized, global professional services firm that helps clients take control of their future through advisory, consulting, outsourcing, and technology/analytics services.
buyer parent: Veritas Capital
buyer: Guidehouse
Guidehouse is a leading provider of strategic advisory services to customers such as the Department of Defense, Homeland Security, Veterans Affairs, Health and Human Services, and the Department of State, as well as numerous state and local governments and multilateral agencies. "
target: Navigant Consulting (NCI:$728.72)
Navigant Consulting is a specialized, global professional services firm that helps clients take control of their future. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant brings sharp insight that pinpoints opportunities and delivers powerful results.
price ($mm)[EV]
$1,121 [$1,134]
rev ($mm)
$729
EBITDA ($mm)
$71
EV / rev
1.6x
EV / EBITDA
16.2x
closed 7/9/2019 via BusinessWire

Healthcare Financial Resources, Inc, acquired PARA Healthcare Financial Services

synopsis: Healthcare Financial Resources (HFRI), a leader in healthcare accounts receivable (AR) recovery and resolution management, has acquired PARA HealthCare Financial Services, a provider of market-based pricing tools, analytics products, and consulting services that accelerate collections and improve margins for healthcare organizations.
buyer parent: Housatonic Partners
buyer: Healthcare Financial Resources, Inc
Healthcare Financial Resources, Inc is a leader in accounts receivable recovery and resolution and works as a virtual extension of a hospital's central billing office. HFRI helps to resolve and collect insurance accounts receivable and improves operating margins through a collaborative partnership. "
target: PARA Healthcare Financial Services
PARA HealthCare Financial Services is a provider of market-based pricing tools, analytics products, and consulting services that accelerate collections and improve margins for healthcare organizations. PARA's solutions for the revenue cycle process provide a staff of specialists and online tools.
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announced 5/29/2019 via PR Newswire

Golden Gate Capital, will acquire Ensemble Health Partners

synopsis: Ensemble Health Partners, a leading national revenue cycle management provider, will be acquired by Golden Gate Capital, a leading private equity investment firm. Ensemble partners with hospitals across the United States to create real and lasting value through revenue cycle outsourcing and other services aimed at improving healthcare operations.
buyer: Golden Gate Capital
Golden Gate Capital is a privately held enterprise with over $15 billion in committed capital. They operate as a private holding company and recapitalize, restructure, and ultimately build meaningful businesses in partnership with management over an indefinite time horizon. "
target parent: Bon Secours Mercy Health
target: Ensemble Health Partners
Ensemble Health Partners specializes in full revenue cycle outsource solutions, denials and underpayments, analytics and workflow optimization, Epic optimization, and management services designed to identify immediate wins and create sustainable solutions that ensure long-term results.
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closed 12/12/2018 via PR Web

ChrysCapital, acquired GeBBS Healthcare Solutions

synopsis: GeBBS Healthcare Solutions, a leading national provider of Revenue Cycle Management solutions for the healthcare industry, announced that ChrysCapital, a marquee Indian private equity fund with a global technology services footprint, has acquired a majority stake in the company.
buyer: ChrysCapital
ChrysCapital is one of the largest and most successful India-focused private equity firms. They have made over 80 investments and has delivered over 65 exits across a number of sectors including in Business Services, Financial Services, Pharmaceuticals, Healthcare and Consumer. "
target: GeBBS Healthcare Solutions
GeBBS Healthcare Solutions is a leading technology-enabled provider of revenue cycle management solutions. They help clients improve performance, compliance, and patient satisfaction. Their solutions include Health Info Management, Revenue Management, Patient Access and Risk Adjustment Solutions.
price ($mm)
$140*
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closed 11/19/2018 via Company Press Release

Pine Tree Equity Partners, acquired RevMD Partners

synopsis: Pine Tree Equity Partners, a private equity firm, has recapitalized RevMD Partners, a leading provider of revenue cycle management services focused on insurance claims resolution services and self-pay collections for hospitals, large physicians groups and other healthcare providers.
buyer: Pine Tree Equity Partners
Pine Tree Equity Partners is a private equity firm focused on the investment in and expansion of small capitalization companies, with revenue of $10 million to $50 million, in partnership with management. "
target: RevMD Partners
RevMD Partners is a leading provider of revenue cycle management services focused on insurance claims resolution services and self-pay collections for hospitals, large physicians groups and other healthcare providers.
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closed 3/12/2018 via BNC Analysis

Gulf Capital, acquired Accumed Practice Management

synopsis: Gulf Capital, an alternative asset management company, acquired a controlling stake in healthcare sector-focused technology firm, Accumed Practice Management. Dubai-based AccuMed is the first company to provide outsourced Revenue Cycle Management solutions to the regional healthcare sector, and to establish the Medical Billing industry in the UAE.
buyer: Gulf Capital
Based in the Emirate of Abu Dhabi, the capital of the United Arab Emirates, Gulf Capital is a leading alternative asset management company focusing primarily on late-stage control buy-outs, growth capital, real estate development and private debt business. "
target: Accumed Practice Management
AccuMed Practice Management is the first company to provide outsourced Revenue Cycle Management solutions to the regional healthcare sector, and to establish the Medical Billing industry in the UAE and the Middle East.
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closed 9/28/2017 via Company Press Release

Altaris Capital Partners, acquired AGS Health Private Limited

synopsis: Altaris Capital Partners, LLC recapitalizes AGS Health in partnership with its founder, Devendra Saharia, and existing shareholder, MTS Health Investors, LLC. AGS Health is a provider of outsourced revenue cycle management services to U.S.-based healthcare providers and billing companies.
buyer: Altaris Capital Partners
Altaris is an investment firm focused exclusively on the healthcare industry. Altaris manages $1.3 billion of equity capital and invest in businesses that meet clearly defined healthcare needs. "
target: AGS Health Private Limited
AGS Health is a provider of outsourced revenue cycle management services to U.S.-based healthcare providers and billing companies. The Company's services include accounts receivable management, medical coding and transaction processing.
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closed 3/29/2017 via Company Press Release

nThrive, acquired e4e Inc.

synopsis: nThrive,a provider of patient-to-payment healthcare solutions, advisory expertise, and analytics for health care organizations, has acquired e4e Healthcare Services. e4e is a healthcare services outsourcing company that provides IT-enabled and business process management services.
buyer parent: Pamplona Capital Management LLP
buyer: nThrive (MDAS:$764.22)
nThrive is built on a legacy of excellence. From patient-to-payment, they will provide all the technology, advisory expertise, services, analytics and education programs their clients will need to thrive in the communities they serve. "
target: e4e Inc.
e4e Inc., a healthcare services outsourcing company, provides IT-enabled and business process management services. The company offers provider solutions; and payer solutions that include claims management and admin, cost avoidance and audit, and medical record solutions.
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closed 3/2/2017 via BNC Analysis

NexPhase Capital, acquired MedA/Rx

synopsis: NexPhase Capital, a New York City-based private equity firm acquired revenue cycle management solutions provider Charlotte, N.C.-based Med A/Rx. Since 1988, MedA/Rx has provided a new way to think about revenue cycle management for the healthcare financial professional.
buyer: NexPhase Capital
NexPhase Capital is a sector-focused independent private equity firm that makes control investments in lower middle market growth-oriented companies. Their team of 14 investment professionals possesses extensive experience in the healthcare, industrial services, software and consumer industries. "
target: MedA/Rx
Since 1988, MedA/Rx has provided a new way to think about revenue cycle management for the healthcare financial professional. MedA/Rx combines the power of a state-of-the-art accounts receivable management firm with a highly sophisticated healthcare financial consulting team.
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closed 12/1/2016 via PR Newswire

GTCR, LLC, acquired Revspring

synopsis: GTCR announced that it has completed the acquisition of RevSpring, Inc., a provider of multi-channel billing and communications solutions to the healthcare and financial services industries. RevSpring helps accelerate revenue through physical and electronic invoices, consumer payment portals, data cleansing solutions and analytics tools.
buyer: GTCR, LLC
GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. GTCR has invested more than $12 billion in over 200 companies. "
target parent: CIP Capital
target: Revspring
Headquartered in Wixom, MI, RevSpring facilitates over one billion customer interactions annually, serving more than 2,000 clients in the healthcare and financial services spaces. Its solutions accelerate cash flow and ensure compliance on time-sensitive consumer communications.
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closed 10/5/2016 via Market Wire

Medical Transcription Billing, Corp., acquired MediGain Services, Inc.

synopsis: Medical Transcription Billing, Corp., a leading provider of proprietary, web-based electronic health records, practice management and mHealth solutions, announced that it has completed the acquisition of MediGain Services, a Texas-based medical billing company.
buyer: Medical Transcription Billing, Corp. (MTBC:$21.30)
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. "
target: MediGain Services, Inc.
MediGain is a global full-service revenue cycle management and healthcare analytics company devoted to improving billing, collections, and outcomes for healthcare providers and the patients they serve. It was established in 2002.
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closed 5/13/2016 via BNC Analysis

Keizer Solutions Inc., acquired Colonial Valley Software, Inc.

synopsis: Keizer Solutions has announced that it has acquired Colonial Valley Software (CVS). Colonial Valley Software is a Michigan based software and medical billing company that started its journey in 1981 with the development of the first version of Practice Management application.
buyer: Keizer Solutions Inc.
Keizer Solutions Inc. is one of the Premier Health care Services provider of medical billing, medical coding, accounts receivable/denial management, credit balance resolution, referral/authorization management, credentialing and business intelligence. "
target: Colonial Valley Software, Inc.
Colonial Valley Software (CVS) is a Michigan based software and medical billing company that started its journey in 1981 with the development of the first version of Practice Management application.
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closed 10/21/2015 via PE Hub

Navient Corporation, acquired Xtend Healthcare LLC

synopsis: Navient, the nation’s leading loan management, servicing and asset recovery company, is leveraging its asset recovery and business process outsourcing capabilities into the fast-growing health care payments sector with the acquisition of Xtend Healthcare, one of the fastest growing revenue cycle solution companies in the industry.
buyer: Navient Corporation (NAVI:$1,910.00)
As the nation’s leading loan management, servicing and asset recovery company, Navient helps customers navigate the path to financial success. Servicing more than $300 billion in student loans, the company supports the educational and economic achievements of more than 12 million Americans. "
target: Xtend Healthcare LLC
Based in Hendersonville, Tenn., Xtend is one of the fastest growing revenue cycle solution companies in the industry. Its ervices include health insurance claims billing and account resolution, patient billing, customer service and follow-up, as well as revenue cycle consulting.
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closed 10/2/2015 via Company Press Release

Doctors' Administrative Solutions, LLC, purchased Revenue Cycle Management Business from Spectra Healthcare

synopsis: In line with the healthcare industry’s transition to the ICD-10 coding system, Doctors Administrative Solutions announced that it has acquired the revenue cycle management (RCM) business of Spectra Healthcare. Based in Tampa Bay, Spectra has operated in the medical billing and healthcare space for over 14 years.
buyer: Doctors' Administrative Solutions, LLC
Doctors Administrative Solutions provides people-based technology solutions for physician practices. Its products include electronic health records, practice management software and e-prescribing for ambulatory physician practices. "
seller: Spectra Healthcare
Spectra Healthcare's Revenue Cycle Management (RCM) business provides services to the following specialties: Anatomical Laboratory; Durable Medical Equipment; Family Practice; General Surgery; Neurology; Hospitalist; Internal Medicine; Pathology; Podiatry; andVascular Surgery.
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closed 6/25/2015 via PR Newswire

Bolder Healthcare Solutions, acquired The ROI Companies

synopsis: Bolder Healthcare Solutions has acquired The ROI Companies, a leading provider of healthcare revenue cycle management ("RCM") services. ROI provides critical services to hospitals and physician groups including insurance billing and follow-up, self-pay billing, coding, eligibility, consulting, cash acceleration and collections.
buyer parent: Bolder Capital, LLC
buyer: Bolder Healthcare Solutions
Bolder Healthcare Solutions (BHS) is the parent company of various healthcare exclusive revenue cycle solution organizations. BHS focuses on meeting a pressing market need to help healthcare providers achieve better results by improving performance of their revenue cycle. "
target: The ROI Companies
The spectrum of ROI resources represents over 40 years of business experience addressing the professional needs of healthcare providers throughout the industry. As a full service Revenue Management Firm, ROI services are designed to increase client productivity, profitability and cash flow.
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closed 4/30/2015 via BusinessWire

GetixHealth, acquired Qube, LLC

synopsis: GetixHealth, LLC has acquired QUBE, LLC. QUBE is a founder-owned provider of healthcare Revenue Cycle Management (RCM) services. Headquartered in Fremont, California, QUBE provides Revenue Cycle Consulting, Accounts Receivable Outsourcing, with a special focus on Workmen’s Compensation and Third Party Liability (TPL) billing and follow-up.
buyer parent: Trivest Partners, L.P.
buyer: GetixHealth
GetixHealth is a healthcare business process outsourcing services (BPO) company serving the healthcare provider industry. GetixHealth provides services and technologies to hospitals and physician groups in the areas of Revenue Cycle Management. "
target: Qube, LLC
QUBE, LLC is a provider of healthcare revenue cycle management (RCM) services. QUBE provides revenue cycle consulting, accounts receivable outsourcing, with a special focus on workmen’s compensation and third party liability (TPL) billing and follow-up.
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closed 2/23/2015 via BusinessWire

Navigant Consulting, acquired RevenueMed

synopsis: Navigant, a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities, announced that it has acquired RevenueMed, a provider of coding, revenue cycle management, and business process management services for the healthcare sector.
buyer: Navigant Consulting (NCI:$728.72)
Navigant is a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Navigant delivers expert and advisory work through implementation and business process management services. "
target: RevenueMed
RevenueMed is an Atlanta-based provider of coding, revenue cycle management, and business process management services for the healthcare sector.
price ($mm)
$22
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closed 12/11/2014 via BusinessWire

M3 Meridian Medical Management, acquired Origin Healthcare Solutions

synopsis: The Gores Group, a leading Los Angeles‐based investment firm, announced that its portfolio company, Meridian Medical Management, has completed the acquisition of Origin Healthcare Solutions. Origin is a provider of revenue cycle management (RCM) and analytics solutions.
buyer parent: Gores Group, LLC
buyer: M3 Meridian Medical Management
Meridian Medical Management is a leading provider of revenue cycle, business intelligence, EMR, and system integration services for large, multi-specialty physician groups and academic practice plans. "
target: Origin Healthcare Solutions
Origin Healthcare Solutions provides revenue cycle management, offering medical billing services and software that allows clients to focus on the patient relationship while they help get paid sooner and better.
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closed 10/2/2014 via BusinessWire

Conifer Health Solutions, Inc., acquired SPi Healthcare

synopsis: Conifer Health Solutions®, the nation’s leading provider of technology-enabled healthcare performance improvement services completed its acquisition of SPi Healthcare, a provider of innovative revenue cycle management (RCM), health information management (HIM) and software solutions for independent and provider-owned physician practices.
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. "
target parent: CVC Capital Partners
target: SPi Healthcare
SPi Healthcare is a leading integrated revenue cycle and clinical documentation improvement firm. Its full-spectrum approach is unique in the industry, designed to help you accelerate cash flow and mitigate the unnecessary and costly risks associated with inferior clinical documentation.
price ($mm)
$235
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closed 3/9/2016 via Company Press Release

Riverside Partners, LLC., acquired Bottom Line Systems

synopsis: Riverside Partners, LLC, a Boston-based private equity firm, has completed a majority equity investment in Bottom Line Systems. Based in Crescent Springs, KY, BLS is a leading provider of revenue cycle management technology and related services to large hospital systems and other healthcare providers throughout the United States.
buyer: Riverside Partners, LLC.
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. "
target: Bottom Line Systems
Bottom Line Systems is a leading provider of revenue cycle management technology and services to healthcare providers, nationally. A central part of Bottom Line Systems' healthcare payment compliance service is process and managed care contract improvement.
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closed 5/22/2019 via PE Hub

Riverside Partners, LLC., acquired 3Play Media

synopsis: Riverside Partners, a Boston-based private equity firm, has completed a majority investment in 3Play Media Inc., a company that provides video captioning, transcription, subtitling, and audio description services to more than 2,500 customers across industries.
buyer: Riverside Partners, LLC.
Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners brings domain expertise and operating experience to its portfolio companies. "
target: 3Play Media
3Play Media provides closed captioning, transcription, and audio description to more than 2,500 customers in higher education, enterprise, entertainment, and government. 3Play Media simplifies the process of making videos accessible.
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closed 4/30/2019 via PR Newswire

Openforce, acquired Flexible Workforce

synopsis: Openforce®, a provider of the most widely adopted platform for onboarding, contractor and vendor settlement, compliance management and risk mitigation solutions for independent contractor workforces, has acquired Flexible Workforce, LLC, a leading contractor and vendor management platform for the courier, last mile, and logistics segments.
buyer parent: Riverside Partners, LLC.
buyer: Openforce
Openforce® is the leader in technology-driven services that reduce operating costs and mitigate compliance risk for companies using independent contractors. Their cloud-based applications help businesses achieve more sustainable, profitable growth. "
target: Flexible Workforce
Flexible Workforce, LLC is a leading contractor and vendor management platform for the courier, last mile, and logistics segments. Flexible WorkForce was developed to eliminate the costly processes required to recruit, onboard, screen, check compliance, and pay a flexible driving workforce.
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closed 11/7/2018 via PR Newswire

Stone Point Capital, LLC, acquired Eliassen Group

synopsis: Eliassen Group, a leading national strategic consulting and talent solutions firm focused on IT staffing, Agile consulting, creative services, managed services, government solutions, and life sciences, announced that it has been acquired by funds managed by Stone Point Capital LLC, a private equity firm.
buyer: Stone Point Capital, LLC
Stone Point Capital LLC is a financial services-focused private equity firm. Stone Point Capital targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, and more. "
target parent: Riverside Partners, LLC.
target: Eliassen Group
Eliassen Group delivers strategic consulting and talent solutions that fuel innovation and business results. They partner with clients to marry their business objectives with their expertise, empowering their company to execute business strategy and scale their business effectively and efficiently.
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closed 6/6/2018 via PR Newswire

Calero Software Company, acquired Veropath

synopsis: Riverside Partners' portfolio company, Calero Software, LLC, a provider of Communications Lifecycle Management software and managed services, acquired Veropath Ltd. Veropath is a provider of Technology Expense Management (TEM) solutions throughout the U.K. - addressing the challenge of managing IT and estates to reduce costs and drive efficiencies.
buyer parent: Riverside Partners, LLC.
buyer: Calero Software Company (VERA:$15.32)
Calero is a leading provider of Communications Lifecycle Management solutions designed to turn communication data into actionable insight by simplifying the management of voice, mobile and other unified communications services and assets. "
target: Veropath
Headquartered in Edinburgh, Scotland, Veropath is a leading provider of Information Technology Expense Management (TEM) services for international enterprise clients – addressing the challenge of managing complex IT and telecom estates, to reduce costs and drive efficiencies.
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closed 1/10/2018 via Company Press Release

Calero Software Company, acquired A&B Groep B.V.

synopsis: Calero Software, LLC, a leading provider of Communications Lifecycle Management (CLM) software and managed services, has acquired A&B Groep. A&B Groep is a leading provider of Telecom Expense Management (TEM) solutions throughout the EMEA region and is headquartered in the Netherlands.
buyer parent: Riverside Partners, LLC.
buyer: Calero Software Company (VERA:$15.32)
Calero is a leading provider of Communications Lifecycle Management solutions designed to turn communication data into actionable insight by simplifying the management of voice, mobile and other unified communications services and assets. "
target: A&B Groep B.V.
Founded in 1999, A&B Groep provides Telecom Expense Management (TEM), Enterprise Mobility Management, and Global Asset Recovery solutions throughout the EMEA region using its GTEM Solutions SaaS platform.
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closed 1/3/2018 via Company Press Release

Calero Software Company, acquired Comview

synopsis: Calero Software, LLC, a leading provider of Communications Lifecycle Management (CLM) software and managed services including Telecom Expense Management (TEM), announced that it has acquired of Comview Corporation, a specialty TEM, Call Accounting and Usage Management software and service provider.
buyer parent: Riverside Partners, LLC.
buyer: Calero Software Company (VERA:$15.32)
Calero is a leading provider of Communications Lifecycle Management solutions designed to turn communication data into actionable insight by simplifying the management of voice, mobile and other unified communications services and assets. "
target: Comview
Comview provides fully integrated Telecom Expense Management (TEM), Mobility Management and Call Accounting solutions backed by a managed service/BPO approach and “customer for life” philosophy that provides customers with the highest level of service and support.
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closed 9/27/2017 via PR Newswire

Principle Solutions Group, LLC merged with Eliassen Group,

synopsis: Eliassen Group, a leading IT talent solutions firm, announced that it has combined with Principle Solutions Group, one of the fastest growing IT staffing firms in the country. Founded in 2006, Principle Solutions Group delivers reliable information technology staffing and consulting services.
buyer parent: Riverside Partners, LLC.
buyer: Eliassen Group
Eliassen Group provides strategic talent solutions to drive their clients' innovation and business results. Eliassen's expertise in IT staffing, Agile consulting, managed services, and life sciences enables them to partner with clients to execute their business strategy and scale effectively. "
target: Principle Solutions Group, LLC
Principle Solutions Group provides Information Technology Staffing and Consulting Services to successful businesses nationwide. Their team leverages proven strategies that are tailored to the individual needs of their clients.
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closed 9/13/2017 via BusinessWire

Riverside Partners, LLC., acquired Calero Software Company

synopsis: Clearlake Capital Group, L.P. announced that Calero Software, a leading provider of Communications Lifecycle Management solutions, has been acquired by Riverside Partners, a middle market private equity firm. Calero is a provider of Communications Lifecycle Management solutions designed to turn communication data into actionable insight.
buyer: Riverside Partners, LLC.
Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners brings domain expertise and operating experience to its portfolio companies. "
target parent: Clearlake Capital Group, L.P.
target: Calero Software Company (VERA:$15.32)
Calero is a leading provider of Communications Lifecycle Management solutions designed to turn communication data into actionable insight by simplifying the management of voice, mobile and other unified communications services and assets.
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closed 3/9/2016 via Company Press Release

Riverside Partners, LLC., acquired Bottom Line Systems

synopsis: Riverside Partners, LLC, a Boston-based private equity firm, has completed a majority equity investment in Bottom Line Systems. Based in Crescent Springs, KY, BLS is a leading provider of revenue cycle management technology and related services to large hospital systems and other healthcare providers throughout the United States.
buyer: Riverside Partners, LLC.
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. "
target: Bottom Line Systems
Bottom Line Systems is a leading provider of revenue cycle management technology and services to healthcare providers, nationally. A central part of Bottom Line Systems' healthcare payment compliance service is process and managed care contract improvement.
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closed 6/10/2015 via BNC Analysis

Riverside Partners, LLC., acquired Contractor Management Services

synopsis: Riverside Partners, LLC, a Boston-based private equity firm, announced that it has completed a majority equity investment in Contractor Management Services LLC ("CMS" or the "Company"). CMS is the leading provider of compliance software and payment settlement services for independent contractor work forces.
buyer: Riverside Partners, LLC.
Riverside Partners is a Boston-based private investment firm that invests in growing middle market healthcare and technology oriented companies. They are currently investing Riverside Fund V, L.P., a $561 million equity fund, with committed capital from leading institutional investors. "
target: Contractor Management Services
Contractor Management Services LLC ("CMS") is the leading provider of compliance software and payment settlement services for independent contractor work forces. CMS offers its services through Cloud-based solutions that enable contracting companies to pay independent contractors.
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closed 6/17/2014 via Market Wire

Park IP Translations, acquired CD Language Solutions

synopsis: Welocalize, global leader in innovative translation and localization solutions, announced they have acquired the assets of CD Language Solutions, based in Houston, Texas. CD Language Solutions will merge operations with Park IP Translations, a Welocalize company, as part of their specialized translation services division.
buyer parent: Riverside Partners, LLC.
buyer: Park IP Translations
Park IP Translations is a language services company that serves the legal intellectual property services community through translation, interpretation, and consultancy services. Park is headquartered in New York City and possesses a network of offices and supplier relationships worldwide. "
target: CD Language Solutions
CD Language Solutions, with a network of over 4,000 language professionals and over 20 years of experience, provides services including document translation, interpretation, language training, and website localization to assist you with your communication needs.
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closed 9/16/2013 via PR Newswire

Riverside Partners, LLC., acquired AMCAD

synopsis: Riverside Partners, a Boston-based private equity firm, announced that it has completed its acquisition of a majority equity interest in AMCAD, a leading enterprise software company dedicated to providing software solutions and services to the public sector including state, county and local governments.
buyer: Riverside Partners, LLC.
Founded in 1989, Riverside Partners is a middle market private equity firm focusing on growth-oriented companies in the healthcare and technology industries. The firm is focused on companies with revenues between $20 - $200 million and with $5 - $25 million of EBITDA. "
target: AMCAD
AMCAD is a leading enterprise software company that provides software solutions and services to the public sector including state, county and local governments. AMCAD automates the justice and records management ecosystem that includes courts, jails, prosecutors and recorders offices, among others.
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announced 2/8/2012 via PE Hub

Welocalize, will acquire Park IP Translations

synopsis: Riverside Partners, a Boston based private equity firm, announced that it has come to agreement to make a significant investment in Park IP Translations, the market leader in the highly technical field of patent translation. The investment will be made through Riverside Partners’ portfolio company, Welocalize.
buyer parent: Riverside Partners, LLC.
buyer: Welocalize
Welocalize offers integrated globalization services and products for the fluid and rapid deployment of enterprise content and applications to international markets. It provides globalization consulting, translation, localization, testing solutions and enterprise translation management tools. "
target: Park IP Translations
Park IP Translations is a language services company that serves the legal intellectual property services community through translation, interpretation, and consultancy services. Park is headquartered in New York City and possesses a network of offices and supplier relationships worldwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/4/2011 via BusinessWire

Intermec, Inc., acquired Vocollect

synopsis: Intermec, Inc. has announced the successful completion of its previously announced acquisition of Vocollect, Inc., the industry-leading provider of voice-centric solutions for mobile workers worldwide.
buyer: Intermec, Inc. (IN:$848.18)
Intermec Inc. develops and integrates products, services and technologies that identify, track and manage supply chain assets and information. Core technologies include rugged mobile computing and data collection systems, bar code printers, label media, and RFID. "
target parent: Riverside Partners, LLC.
target: Vocollect
Vocollect, Inc. is the leader in creating and providing voice-centric solutions for mobile workers in distribution and warehouse environments worldwide.
price ($mm)
$197
rev ($mm)
$119
EBITDA ($mm)
$16
EV / rev
1.7x
EV / EBITDA
12.1x
announced 1/23/2019 via PR Newswire

Dynata, will acquire Reimagine Holdings Group

synopsis: Dynata, a global leader in first-party data and data services, announces it has reached an agreement to acquire Reimagine Holdings Group, a global leader in data creation and technology-enabled business intelligence headquartered in Westport, Connecticut.
buyer parent: Court Square Capital Partners
buyer: Dynata
Dynata is the premier global provider of data solutions and technology for consumer and B2B survey research. Dynata reaches participants in 90+ sample countries via internet, telephone, mobile/wireless and mixed-access offerings. "
target: Reimagine Holdings Group
Reimagine is a global leader in data creation for business intelligence, and has redefined the insights industry by acquiring and investing in growth-oriented, technology-enabled service companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/23/2018 via BNC Analysis

startup300 AG, acquired Pioneers.io

synopsis: startup300, an Austrian angel investor network and business accelerator, has acquired Pioneers.io, an international relationship builder in the tech and startup scene. Pioneers' flagship event, Pioneers Festival, brings together a global community of 2,500 founders, investors, and innovation executives to build partnerships and shape the future.
buyer: startup300 AG
startup300 is an Austrian angel investor network and business accelerator that offers their services to Austrian startups. The group consists of 142 angels and investors that help startups grow their businesses. They focus on startups that have scalable, innovative or disruptive business models. "
target: Pioneers.io
Pioneers.io is an international relationship builder in the tech and startup scene, offering events, consulting, and investment. Their Pioneers Festival event brings together a global community of 2,500 founders, investors, and innovation executives to build partnerships and shape the future.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/14/2017 via PR Newswire

The Shipyard, acquired TOMORRO\\\ LLC

synopsis: The Shipyard, an independent marketing firm, today announces the acquisition of TOMORRO\\\, an innovation consultancy led by marketing icon Jon Bond – combining the companies' strategic, creative and data-centric talents to address rising demand from businesses seeking to inoculate themselves against Disruption.
buyer: The Shipyard
The Shipyard is an independent marketing consultancy and the first "marketing engineering" firm. It is creating digital transformation for the world's most significant brands- where high velocity content creation meets big data, where competitive strategy meets creative and disruptive advertising. "
target: TOMORRO\\\ LLC
TOMORRO\\\ LLC is a consultancy designed to accelerate brand value through the adoption of the most forward-thinking marketing approaches and technologies. TOMORRO\\\ is an active investor and advisor in ad technology companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Navigant Consulting
Navigant Consulting
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TICC Capital Corp.
TICC Capital Corp. is a business development company primarily engaged in providing capital to technology-related companies in the following sectors: computer software and hardware, information technology infrastructure or services, internet, networking systems and diversified technology.
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Mercia Technologies PLC
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mic AG
mic AG
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Adama Technologies Corp.
Adama Technologies Corp.
Adama Technologies Corp. is a publicly traded venture capital company that owns, operates and invests in technology companies as well as startups and expansion companies. They employ an investment matrix that allows them to identify & select what they believe to be high growth, high yield companies.
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Ticker: DRGV
 
 
 
 
 
 
 
 
Dragon Capital Group Corporation
Dragon Capital Group Corporation
Dragon Capital Group Corp. is doing business in China through its subsidiaries. DRGV was established to serve as a conduit between Chinese high-growth companies and Western investors. DRGV functions as an incubator of high-tech companies in China.
year
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EBITDA ($mm)
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Allied Minds
Allied Minds
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EBITDA ($mm)
($108.37)
EBIT ($mm)
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Fantasy 6 Sports Inc.
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LX Ventures Inc.
LX Ventures Inc.
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The Providence Service Corporation
The Providence Service Corporation
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Blockescence plc
Blockescence plc
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UTEK Corporation
UTEK® is a leading innovation services company. UTEK’s services enable clients to become stronger innovators, rapidly source externally developed technologies and create value from their intellectual property. UTEK is a business development company.
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$7.10
EBITDA ($mm)
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Ticker: SEHK:575
 
 
 
 
 
 
 
 
Regent Pacific Group Limited
Regent Pacific Group Limited
Regent Pacific is a diversified investment group based in Hong Kong currently holding various corporate and strategic investments focusing on the healthcare, wellness and life sciences sectors.
year
2018
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$6.25
EBITDA ($mm)
($2.46)
EBIT ($mm)
($30.56)
Net Income ($mm)
Employees
19
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InternetArray, Inc.
InternetArray, Inc., a Delaware corporation, is an Internet development, technology licensing and marketing company that provides guidance and investment for innovative, early stage web-centric companies.
year
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EBITDA ($mm)
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EBIT ($mm)
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26
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Ticker: ASX:TCN
 
 
 
 
 
 
 
 
Techniche Limited
Techniche is a listed investment company headquartered in Brisbane, Australia. They acquire, manage and build niche B2B technology software & services companies. Their businesses develop and deliver proprietary software solutions that serve critical needs in the day-to-day operations of customers.
year
2017
rev ($mm)
$3.23
EBITDA ($mm)
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Ticker: ASX:TSN
 
 
 
 
 
 
 
 
Transaction Solutions International Limited
Transaction Solutions International Limited
Transaction Solutions International Ltd (TSN) is an ASX listed company, focusing on financial payments and technology. Their approach is to invest and collaborate with promising businesses who have commercialised solutions in the digital, cybersecurity, analytics and risk/compliance segments.
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2018
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EBITDA ($mm)
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