Like Medical Pay Review, Inc.

closed 11/21/2018 via PR Newswire

ProtoLytic, acquired Medical Pay Review, Inc.

synopsis: ProtoLytic, LLC, an innovative provider of medical evidence-based decision support and fulfillment services for insurance companies, announced it acquired Medical Pay Review, Inc., a Florida company specializing in payment integrity. ProtoLytic uses sophisticated algorithms to analyze the appropriateness of medical services.
buyer: ProtoLytic
ProtoLytic, LLC is an innovative provider of medical evidence-based decision support and fulfillment services for insurance companies. ProtoLytic uses sophisticated algorithms to analyze the appropriateness of medical services. "
target: Medical Pay Review, Inc.
Medical Pay Review, Inc. is a Florida company specializing in payment integrity. Medical Pay Review uses advanced rules-based analysis to evaluate whether claim payments are consistent with guidelines and government regulations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/4/2019 via PR Newswire

Waystar, acquired Recondo Technology

synopsis: Waystar, a leading provider of revenue cycle technology, announced the acquisition of Recondo Technology, a pioneer of innovative revenue cycle automation solutions powered by advanced robotic process automation (RPA) and other artificial intelligence technology allowing providers to be paid more, faster and at lower cost.
buyer parent: Bain Capital
buyer: Waystar
Waystar provides cloud-based technology that simplifies and unifies the healthcare revenue cycle. Their platform removes friction in payment processes, streamlines workflows and improves financials for providers. They support over 450,000 providers, 750 health systems, and 5,000 health plans. "
target: Recondo Technology
Recondo Technology's AI-powered software-as-a-service (SaaS) platform helps healthcare providers achieve sustainable financial performance. Recondo delivers industry-leading automated, accurate, and actionable financial clarity to the healthcare revenue cycle.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/11/2019 via Company Press Release

Medical Data Vision Co., Ltd., will acquire Medical Domain Inc.

synopsis: Medical Data Vision (MDV), a Japanese company that develops, produces, and sells medical information integration systems, will acquire Medical Domain Inc. (MDI), a Japanese company that develops software solutions for the healthcare industry. MDI offers electronic medical record systems, receipt check software, and inspection request software.
buyer: Medical Data Vision Co., Ltd. (TSE:3902:$36.27)
Medical Data Vision (MDV) is a Japanese company that develops, produces, maintains, and sells medical information integration systems. Their solutions enable hospitals to easily view and compare detailed medical information from other hospitals. "
target: Medical Domain Inc.
Medical Domain Inc. (MDI) is a Japanese company that develops software solutions for the healthcare industry. MDI offers a variety of software solutions for healthcare providers, including electronic medical record systems, receipt check software, and inspection request software.
price ($mm)
rev ($mm)
$2
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 8/21/2019 via BNC Analysis

Signify Health, will acquire Remedy Partners

synopsis: Signify Health, a technology company that supports in-home care and provides care management services announced plans to merge with Remedy Partners, a software company that collaborates with healthcare organizations to launch bundled payment programs. 
buyer parent: New Mountain Capital, LLC
buyer: Signify Health
Signify Health is a leading provider of technology-enabled, in-home care and complex care management services. Signify Health transforms the quality and delivery of care by utilizing their intelligent technology platform to create a better care experience through their network of clinicians. "
target: Remedy Partners
Remedy Partner is a software company that collaborates with healthcare organizations to launch bundled payment programs. Remedy delivers software and services enabling health insurers and health care providers to organize and finance health care around patient episodes of care.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/31/2018 via BNC Analysis

Jiuyuan Yinhai, will acquire Medseeking Technology Co., Ltd.

synopsis: Jiuyuan Yinhai, a company in China that provides IT services to a variety of industries, will acquire a 60% stake in Medseeking, a company in China that offers healthcare software solutions and value-added services. Medseeking offers a patient payment management system, a medical record management system, and a software-based alarm system.
buyer: Jiuyuan Yinhai (SZSE:002777:$97.61)
Jiuyuan Yinhai is a company in China that provides IT services to a variety of industries. Their services include IT designing and consulting, custom software development, and systems integration. The company also manufacturers thermal imaging and wireless transmission products for military use. "
target: Medseeking Technology Co., Ltd.
Medseeking is a company in China that offers healthcare software solutions and value-added services. The company offers a patient payment management system, a medical record management system, and a software-based alarm system to keep staff and patients safe.
price ($mm)
$0.78*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/18/2017 via GlobeNewswire

Ability Network, Inc., acquired Secure Bill Pay

synopsis: ABILITY® Network announced its acquisition of Secure Bill Pay, a leader in the fast-growing healthcare payment software market. Secure Bill Pay provides an all-in-one set of tools to enable providers to facilitate patient payment throughout the revenue cycle.
buyer parent: Summit Partners
buyer: Ability Network, Inc.
ABILITY® Network is a leading information technology company that helps providers and payers simplify the administrative and clinical complexities of healthcare through innovative applications and data analytics. "
target: Secure Bill Pay
Hospitals, clinics and other health care providers are paid faster and easier with Secure Bill Pay's comprehensive patient payment solutions. Real-time data access with unlimited reporting, export/import or even full interface ensures payments are posted to patient accounts timely and accurately.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/22/2015 via BusinessWire

Invoice Cloud, acquired HealthPay24

synopsis: Invoice Cloud, a provider of Trusted, Secure E-Payments and highest adopting Electronic Bill Presentment with Payment, has acquired the majority of ImageVision.net, whose HealthPay24 product is in use by hospitals across the country. HealthPay24 was the first software solution dedicated to processing healthcare point-of-service payments.
buyer: Invoice Cloud
Invoice Cloud™ provides Trusted, Secure E-Payments and highest adopting Electronic Bill Presentment with Payment (EBPP) Solutions. Invoice Cloud is a high growth company with over 500 clients in 36 states in the USA. This growth is attributable to best of breed EBPP service features. "
target: HealthPay24
HealthPay24 was the first software solution dedicated to processing healthcare point-of-service payments. HealthPay24 has been enhanced and improved with suggestions from over 300 Hospitals and Physician facilities, enabling providers to have an integrated payment solution to collect any payment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/18/2013 via Market Wire

PaySpan, Inc., acquired mPay Gateway Inc.

synopsis: PaySpan Inc., the leading provider of healthcare payment and reimbursement automation, announced the acquisition of the assets of mPay Gateway, a point-of-service patient payment solution for healthcare providers.
buyer parent: ABS Capital Partners, L.P.
buyer: PaySpan, Inc.
PaySpan, Inc., with more than 25 years of payments expertise, is a trusted source of innovative healthcare reimbursement solutions, empowering the healthcare economy for health plans, providers, members and banks. "
target: mPay Gateway Inc.
mPay Gateway is a PCI certified acquiring card processor, delivering bankcard solutions with integrated web based management software to Providers that addresses the increased cost of collecting from consumers enrolled in consumer directed health care plans.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/9/2019 via Company Press Release

Express Scripts Inc., acquired Verity Solutions

synopsis: Verity Solutions, an award-winning leader in software and services developed for administration of the federal 340B drug pricing program, has been acquired by Express Scripts, a Cigna company. Verity Solutions simplifies the complex process of maintaining 340B PROGRAM compliance resulting in critical 340B cost savings for their customers.
buyer parent: CIGNA Corporation
buyer: Express Scripts Inc. (ESRX:$100,275.80)
Express Scripts provides integrated pharmacy benefit management services, including network-pharmacy claims processing, home delivery pharmacy care, specialty benefit management, benefit-design consultation, drug utilization review, formulary management, and medical and drug data analysis services. "
target: Verity Solutions
Verity Solutions is an award-winning leader in software and services developed for administration of the federal 340B drug pricing program. Verity Solutions simplifies the complex process of maintaining 340B PROGRAM compliance resulting in critical 340B cost savings for their customers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/13/2019 via BNC Analysis

Allscripts, acquired ZappRx

synopsis: Medical software company Allscripts has bought ZappRx, a start-up that aimed to modernize how people access prescription medicines. ZappRx was founded in 2012 in Boston, Mass. ZappRx specializes in helping people access the class of so-called specialty medicines, which includes expensive and high-complex or high-cost interventions.
buyer: Allscripts (MDRX:$1,748.29)
Allscripts is a leader in healthcare information technology solutions that advance clinical, financial and operational results. Their solutions connect people, places and data across an Open, Connected Community of Health. Connectivity empowers caregivers to deliver care for healthier populations. "
target: ZappRx
ZappRx is a digital health company offering a prescription and prior authorization (“PA”) platform; their goal is to streamline and increase efficiencies in the way specialty medications reach patients. ZappRX provides a secure, collaborative online platform to improve patients’ access to treatment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/25/2019 via BNC Analysis

Netmeds Marketplace Limited, acquired KiViHealth

synopsis: Online pharmacy NetMeds Marketplace Pvt. Ltd has acquired health-tech startup KiViHealth. KiViHealth is a clinic management platform that allows doctors to generate digital prescriptions. It also offers electronic historical health records storage. The KiViHealth app also provides an appointment booking module and a patient engagement tool.
buyer: Netmeds Marketplace Limited
NetMeds lets users order their medicines via its portal and mobile app by uploading their prescriptions. A team of qualified pharmacists verifies the prescription for validity and prescribes the appropriate dosage accordingly. NetMeds is based in Chennai, India. "
target: KiViHealth
KiViHealth is a clinic management platform that allows doctors to generate digital prescriptions. It also offers electronic historical health records storage. The KiViHealth app also provides an appointment booking module and a patient engagement tool, along with billing invoicing solutions.
price ($mm)
$10
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/12/2016 via BusinessWire

DrFirst, Inc., acquired iPrescribe

synopsis: DrFirst, a leading provider of electronic prescribing and secure texting solutions for healthcare providers, announced it has acquired the assets of iPrescribe.net, a mobile e-prescribing application for iOS and Android devices. iPrescribe allows medical professionals to avoid Medicare Incentive Program penalties.
buyer: DrFirst, Inc.
DrFirst pioneers electronic prescribing, medication management and secure care collaboration solutions that enhance the doctor-patient point of encounter, optimize provider access to patient information, inform the doctor’s clinical view of patients and improve care delivery and clinical outcomes. "
target: iPrescribe
iPrescribe is a complete e-prescribing application that will save time and improve clinical workflow efficiency. iPrescribe allows medical professionals to avoid Medicare Incentive Program penalties. iPrescribe is certified for use over the SureScripts® network.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/19/2010 via GlobeNewswire

PSS World Medical Inc., will acquire Linear Solutions, Inc

synopsis: PSS World Medical, Inc.,a national distributor of medical products , announced that it has entered into a definitive agreement to acquire Jacksonville, Florida-based Linear Solutions, Inc.
buyer: PSS World Medical Inc. (PSSI:$2,102.00)
Since its inception in 1983, PSS World Medical, Inc. is a national distributor of medical products to physicians and elder care providers through its two business units. "
target: Linear Solutions, Inc
Linear markets a proprietary system that allows physicians to dispense medications to patients on-site within their practice. Linear's turn-key system provides inventory tracking, dispensing and reordering services for physician practices, as well as claims processing, management and assignment.
price ($mm)
$11
rev ($mm)
$45
EBITDA ($mm)
EV / rev
0.3x
EV / EBITDA
closed 3/22/2018 via BNC Analysis

Linx S.A., acquired Itec Brazil

synopsis: Linx, a company in Brazil that offers ERP and POS management software to the retail sector, has acquired Itec Brazil, a company in Brazil that develops management systems for pharmacies and drugstores. Itec Brazil's software solution offers pharmacy benefit management, product mix management, pricing management, and loss management features.
buyer: Linx S.A. (BOVESPA:LINX3:$178.21)
Linx is a company in Brazil that offers ERP and POS management software to the retail sector. The company offers specific solutions for a variety of businesses, these include gas stations, dealerships, food, fashion, optical shops, drugstores, supermarkets, electronics, home decor, and more. "
target: Itec Brazil
Itec Brazil is a company in Brazil that develops management systems for pharmacies and drugstores. Their software solution offers pharmacy benefit management, product mix management, pricing management, and loss management features.
price ($mm)
$4.95
rev ($mm)
$3
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
closed 3/20/2012 via BusinessWire

Pharmaceutical Strategies Group, LLC, acquired Artemetrx

synopsis: Pharmaceutical Strategies Group, LLC, America’s largest independent pharmacy benefits consulting firm, has closed on its acquisition of Artemetrx Health Resources. Artemetrx offers data analytic tools and clinical programs that integrate pharmacy, medical, and other healthcare information.
buyer: Pharmaceutical Strategies Group, LLC
Pharmaceutical Strategies Group, LLC assists plan sponsors and other payors, Taft-Hartley Unions, large employers, and health systems in designing, implementing, and managing programs that maximize the value and impact of pharmaceuticals in their population. "
target: Artemetrx
At the core of the Artemetrx service offering is a robust proprietary data aggregation engine that combines behavioral, medical, dental, vision, lab, and prescription drug data to provide a comprehensive view of health-related utilization and expenditures.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/18/2017 via Company Press Release

Addnode Group AB, acquired Canella IT Solutions AB

synopsis: Addnode Group, a leading supplier of document and case management systems, has acquired Canella IT Solutions, a company that develops solutions for the Nordic pharmacy and welfare market. Canella's Candos platform enables pharmacys to collect prescriptions from Sweden's national registry, expedite them, and run orders for machines to pack drugs.
buyer: Addnode Group AB (OM:ANOD B:$317.97)
Addnode Group acquires, operates and develops entrepreneur-driven companies that supply software and services. They are one of Europe’s leading suppliers of software and services for design, construction and product data information, and a leading supplier of document and case management systems. "
target: Canella IT Solutions AB
Canella develops solutions for the Nordic pharmacy market. Their Candos platform enables pharmacys to collect prescriptions from Sweden's national registry, expedite them, and run orders for machines to pack drugs. They include keyboard shortcuts that improves the efficiency of common tasks.
price ($mm)
rev ($mm)
$2
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 3/23/2017 via PR Newswire

Digital Pharmacist Inc., acquired PocketRx App

synopsis: Digital Pharmacist Inc., a rapidly growing digital health company, announced that it has acquired PocketRx, a mobile app that allows patients to manage their prescriptions. Over three hundred pharmacy brands including multi-store locations use the PocketRx app.
buyer: Digital Pharmacist Inc.
Digital Pharmacist Inc. is a rapidly growing digital health company that offers an omni-channel patient engagement platform for 6,000 pharmacies, national pharmacy wholesalers, hospital systems and pharmaceutical brands. Four million patients use the company's products every month. "
target parent: Praeses, LLC.
target: PocketRx App
PocketRx is a mobile app that allows patients to manage their prescriptions. Over three hundred pharmacy brands including multi-store locations such as Denver Health Pharmacy, USave Pharmacy and Owen's Healthcare use the PocketRx app.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/3/2016 via GlobeNewswire

Inovalon, Inc., acquired Creehan & Company

synopsis: Inovalon has completed its acquistion of Creehan Holding Co., Inc., the parent company of Creehan & Company, an independent provider of specialty pharmacy and specialty medications management software-as-a-service platforms. Creehan & Company’s software platform is utilized by approximately 30% of the specialty pharmacy market.
buyer: Inovalon, Inc. (INOV:$449.36)
Inovalon is a leading technology company that combines advanced cloud-based data analytics and data-driven intervention platforms to achieve meaningful insight and impact in clinical and quality outcomes, utilization, and financial performance across the healthcare landscape. "
target: Creehan & Company
Creehan & Company is the healthcare technology industry’s leading third-party provider of SaaS and on-premise enterprise-wide software application platforms and implementation services for standalone specialty pharmacies and other industry players.
price ($mm)
$105
rev ($mm)
$27
EBITDA ($mm)
EV / rev
4.8x
EV / EBITDA
closed 11/11/2014 via PR Newswire

Appriss, Inc., acquired NARxCHECK

synopsis: Appriss Inc., a leading technology provider for risk assessment, announced it has acquired NARxCHECK™ from the National Association Boards of Pharmacy Foundation (NABPF). NARXCHECK is an automated prescription drug abuse assessment tool that can quickly identify patients who may be at heightened risk for misuse of controlled substances.
buyer: Appriss, Inc.
Appriss provides innovative technology solutions that keep communities safe and informed, including nationwide programs such as VINE®, a comprehensive automated victim notification service, and JusticeXchange, the nation's largest real-time data network of incarcerated persons. "
target: NARxCHECK
NARXCHECK® is an automated prescription drug abuse assessment and management tool for hospitals, pharmacies, private practices, government, and insurers. The technology supports health care workers by accessing patient data and providing a risk-based score to assist in healthcare decision-making.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/7/2013 via Company Press Release

Arseus NV, acquired Alternate Technologies

synopsis: Arseus announces the acquisition of Brazilian Alternate Technologies, the leading developer and supplier of innovative software and technology tools for pharmaceutical compounding. Over 3,500 Brazilian pharmacies and prescribers daily use the state-of-the-art software tools of Alternate.
buyer: Arseus NV (FAGR:$473.30)
Arseus is a multinational group of companies that provides products, services and concepts for professionals and institutions active in the healthcare sector in Europe. "
target: Alternate Technologies
Alternate Technologies offers a premium compounding software solution called FormulaCerta and a leading e-prescribing software called Doctor-Rx. Besides 10 different software solutions, all fully focused on pharmaceutical compounding, Alternate has a well filled pipeline of new innovations.
price ($mm)
rev ($mm)
$5
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 11/21/2018 via PR Newswire

ProtoLytic, acquired Medical Pay Review, Inc.

synopsis: ProtoLytic, LLC, an innovative provider of medical evidence-based decision support and fulfillment services for insurance companies, announced it acquired Medical Pay Review, Inc., a Florida company specializing in payment integrity. ProtoLytic uses sophisticated algorithms to analyze the appropriateness of medical services.
buyer: ProtoLytic
ProtoLytic, LLC is an innovative provider of medical evidence-based decision support and fulfillment services for insurance companies. ProtoLytic uses sophisticated algorithms to analyze the appropriateness of medical services. "
target: Medical Pay Review, Inc.
Medical Pay Review, Inc. is a Florida company specializing in payment integrity. Medical Pay Review uses advanced rules-based analysis to evaluate whether claim payments are consistent with guidelines and government regulations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/21/2018 via PR Newswire

ProtoLytic, acquired Medical Pay Review, Inc.

synopsis: ProtoLytic, LLC, an innovative provider of medical evidence-based decision support and fulfillment services for insurance companies, announced it acquired Medical Pay Review, Inc., a Florida company specializing in payment integrity. ProtoLytic uses sophisticated algorithms to analyze the appropriateness of medical services.
buyer: ProtoLytic
ProtoLytic, LLC is an innovative provider of medical evidence-based decision support and fulfillment services for insurance companies. ProtoLytic uses sophisticated algorithms to analyze the appropriateness of medical services. "
target: Medical Pay Review, Inc.
Medical Pay Review, Inc. is a Florida company specializing in payment integrity. Medical Pay Review uses advanced rules-based analysis to evaluate whether claim payments are consistent with guidelines and government regulations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/22/2019 via BusinessWire

QualMetrix merged with Clinigence, LLC.,

synopsis: Clinigence, LLC and QualMetrix, Inc., two pioneering healthcare information technology companies providing advanced, cloud-based platforms that enable healthcare organizations to shift to value-based care reimbursements and to provide population health management, have completed their merger.
buyer: Clinigence, LLC. (OTCPK:IGMB.D:$1.37)
Clinigence Holdings is a leading healthcare information technology company providing an advanced, cloud-based platform that enables healthcare organizations to provide value-based care and population health management. "
target: QualMetrix
QualMetrix, founded in 2013 and based in Miramar, Florida, is a population health analytics company that provides turnkey solutions that enable connected intelligence across the care continuum by transforming massive amounts of clinical and claims data into actionable insights.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/23/2018 via BusinessWire

CoreLogic, Inc., acquired Symbility Solutions Inc.

synopsis: CoreLogic, a leading global provider of property information, insight, analytics and data-enabled solutions, announced the closing of its acquisition of Symbility Solutions, a global software company focused on modernizing the insurance industry.
buyer: CoreLogic, Inc. (CLGX:$1,839.23)
CoreLogic is a leading global property information, analytics and data-enabled services provider. They combine data from public, contributory and proprietary sources, providing coverage of property and other encumbrances, consumer credit, tenancy, location, hazard risk and performance information. "
target: Symbility Solutions Inc. (AUT.V:$33.06)
Symbility Solutions provides cloud-based and smartphone-enabled claims technology for the insurance industries. Their products, Symbility Property and Symbility Health, empower insurers to collaborate across the claims processing workflow and reduce costs while delivering a claims experience.
price ($mm)[EV]
$107 [$85]*
rev ($mm)
$43
EBITDA ($mm)
$4
EV / rev
3.0x
EV / EBITDA
33.7x
closed 4/1/2014 via BusinessWire

3M Health Information Systems, Inc., acquired Treo Solutions

synopsis: 3M announced that it has entered into an agreement to acquire Treo Solutions, a leading provider of data analytics and business intelligence to healthcare payers and providers. They deliver analytics on data and use data analytics to redesign payment structures and transition payer and provider clients to value-based care models.
buyer parent: 3M
buyer: 3M Health Information Systems, Inc.
3M Health Information Systems, a business of 3M Health Care, delivers intelligent software and consulting services that are used by hospitals and health systems, commercial payers, and federal and state agencies to compile, classify, and analyze health information. "
target: Treo Solutions
Treo is a leading provider of data analytics and business intelligence to healthcare payers and providers. They deliver analytics on data from more than 60 health plans and use data analytics to redesign payment structures and transition payer and provider clients to value-based care models.
price ($mm)
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announced 6/15/2012 via PR Newswire

Decision Insight Information Group, will purchase a minority stake in Automated Benefits Corp.

synopsis: Decision Insight Information Group, Inc. announced that one of its affiliates entered into a privately negotiated agreement to acquire ownership of common shares in the capital of Automated Benefits Corp. Automated Benefits is a technology company focused on providing claims processing solutions for separate sectors of the insurance industry.
buyer parent: TPG Capital
buyer: Decision Insight Information Group
Decision Insight Information Group delivers comprehensive information, infrastructure and decision support products and services for financial and legal professionals. "
target: Automated Benefits Corp. (AUT.V:$33.06)
Automated Benefits is a Toronto, Ontario based technology company focused on providing claims processing solutions for separate sectors of the insurance industry. It's subsidiaries share the philosophy of Automated Benefits Corp. – to provide the most advanced solutions for its customers’ needs.
price ($mm)
$1.09*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/31/2009 via Company Press Release

Health Systems International, acquired @Global

synopsis: Health Systems International, a leading provider of outsourced medical cost management solutions to payors and healthcare provider networks around the world announced the acquisition of @Global, a developer of software solutions for workers’ compensation, casualty insurance, claims administration, and medical cost management environments.
buyer: Health Systems International
Health Systems Internationa ("HSI") is a leading provider of outsourced medical cost management solutions. HSI has utilized proprietary technology, and experienced staff medical discount services to relieve clients' administrative burdens and achieve the lowest possible cost of medical care. "
target: @Global
@Global provides innovative software for the insurance industry. The Allegro Business Intelligence Portal, @Global's newest product, offers organizations a virtual window into their operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/23/2018 via BNC Analysis

ExamWorks, Inc., acquired MedSource National

synopsis: MedSource National (“MedSource”), a rapidly growing provider of independent medical examinations (“IMEs”) and related services, has been acquired by ExamWorks, a leading provider of IMEs, peer reviews, bill reviews, Medicare compliance, case management, record retrieval, document management, and related services.
buyer: ExamWorks, Inc. (EXAM:$819.57)
ExamWorks is a leading provider of independent medical examinations (“IMEs”), peer reviews, bill reviews, Medicare compliance, case management, record retrieval, document management, and other related services. They help clients manage costs and enhance their risk management & compliance processes. "
target: MedSource National
MedSource National serves insurance carriers, employers, 3rd party administrators, and law firms with personal service and quick referrals to a network of medical examiners. Its technology includes IMEBASE, a web-based application designed to create, track and complete medical evaluative services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/9/2019 via BusinessWire

Tailwind Capital Partners, acquired Ventiv Technology

synopsis: Tailwind Capital, a middle market private equity firm investing in targeted sectors within healthcare, business services, and industrial services, has acquired Ventiv Technology, Inc., a leading global software provider of Integrated Risk Management solutions for enterprises and government entities.
buyer: Tailwind Capital Partners
Tailwind Capital is a middle-market private equity firm investing in targeted sectors within healthcare, business services, and industrial services. Tailwind partners with management teams and entrepreneurs to transform businesses through growth initiatives, acquisitions, and strategic investments. "
target parent: Symphony Technology Group
target: Ventiv Technology
Ventiv Technology provides software and solutions that empower organizations to achieve optimal results from their risk, insurance, and claims programs. Through their software solutions, global capabilities, and domain expertise, Ventiv supports virtually every industry and the largest companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/4/2019 via PR Newswire

Health Enterprise Partners, L.P., Spectrum Equity, acquired Payer Compass, LLC

synopsis: Spectrum Equity, a growth equity firm focused on the information economy, has led a majority recapitalization of Payer Compass. Payer Compass is a leading provider of healthcare reimbursement technology and price transparency solutions. Health Enterprise Partners (HEP) is a healthcare-focused investment firm also participated in the investment.
buyer: Spectrum Equity
buyer: Health Enterprise Partners, L.P.
Spectrum Equity is a growth equity firm focused on the information economy, and Health Enterprise Partners (HEP) is a healthcare-focused investment firm. "
target: Payer Compass, LLC
Payer Compass is an innovative healthcare technology company providing the most trusted healthcare reimbursement technology and price transparency solutions utilizing both proprietary technology and unsurpassed customer service.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/31/2018 via PR Newswire

Conduent, Inc., will acquire Health Solutions Plus

synopsis: Conduent, the world's largest provider of diversified business process services, will acquire Health Solutions Plus (HSP), a provider of core administration software solutions for healthcare payers. HSP’s comprehensive core claims administration solution speeds up the process of complicated healthcare claims by utilizing embedded automated tools.
buyer: Conduent, Inc. (NYSE:CNDT:$5,780.00)
Conduent is the world's largest provider of diversified business process services with leading capabilities in digital processing, automation and analytics. They work with companies and governments to help them deliver quality services to the people they serve. "
target: Health Solutions Plus
Health Solutions Plus (HSP) is a provider of core administration software solutions for healthcare payers. HSP’s comprehensive core claims administration solution speeds up the process of complicated healthcare claims by utilizing a broad range of embedded automated tools.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/28/2018 via BNC Analysis

Verisk Analytics, Inc., acquired Business Insight

synopsis: Verisk Analytics, a provider of property/casualty (P&C) insurance risk information, has acquired UK-based insurtech Business Insight. Business Insight is a UK based company specialising in providing perils risk models, quote enrichment data and premium analysis software to the Insurance Industry.
buyer: Verisk Analytics, Inc. (NasdaqGS:VRSK:$2,544.20)
Verisk Analytics is a leading data analytics provider serving customers in insurance, natural resources, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk Analytics provides first-to-market innovations that are integrated into customer workflows. "
target: Business Insight
Business Insight is a UK based company specialising in providing perils risk models, quote enrichment data and premium analysis software to the Insurance Industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/31/2017 via GlobeNewswire

Volaris Group Inc., acquired BBT Software AG

synopsis: Constellation Software Inc. announced that its wholly-owned division Volaris Group Inc., a company that strengthens and grows vertical market technology companies, has completed the acquisition of BBT Software AG, a provider of Insurance software based in Switzerland.
buyer parent: Constellation Software, Inc.
buyer: Volaris Group Inc.
Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow. "
target: BBT Software AG
BBT Software AG is a provider of Insurance software based in Switzerland. Their core competence is developing complex, state-of-the-art software products for the core business activities of health and accident insurers, and claims management systems for companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/28/2017 via Company Press Release

Verisk Analytics, Inc., acquired Emergent Network Intelligence Ltd.

synopsis: Verisk Analytics, Inc., a leading data analytics provider, announced it has acquired Emergent Network Intelligence (ENI), a leading innovator in insurance claims efficiency and fraud detection solutions based in Newcastle upon Tyne, United Kingdom.
buyer: Verisk Analytics, Inc. (NasdaqGS:VRSK:$2,544.20)
Verisk Analytics is a leading data analytics provider serving customers in insurance, natural resources, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk Analytics provides first-to-market innovations that are integrated into customer workflows. "
target: Emergent Network Intelligence Ltd.
Emergent Network Intelligence (ENI) is a leading innovator in insurance claims efficiency and fraud detection solutions based in Newcastle upon Tyne, United Kingdom.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/17/2017 via BusinessWire

Jellyvision, will acquire FlexMinder

synopsis: Jellyvision, maker of industry-leading employee communications platform ALEX®, announced that is has entered into an asset purchase agreement with FlexMinder, a Techstars company that automates the healthcare reimbursement process for third-party administrators (TPAs), making it easier for their participants to manage medical spending.
buyer: Jellyvision
Jellyvision is an award-winning technology company whose interactive software talks people through important, complex and potentially snooze-inducing life decisions - like choosing a healthcare insurance plan, saving for retirement or managing finances - in simple, fun and engaging ways. "
target: FlexMinder
FlexMinder is a technology startup that automates costly manual healthcare reimbursement processes, a $190B problem in the US. FlexMinder is committed to helping businesses and consumers save time and money on healthcare costs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/15/2016 via BNC Analysis

Origami Risk, acquired Claimwire

synopsis: Origami Risk has acquired Kaysville, Utah-based Claimwire, a provider of automated workers’ compensation forms, compliance resources and regulatory information to the insurance industry.
buyer: Origami Risk
The Origami Risk risk management, claims management and policy management platform was designed by industry veterans committed to helping clients streamline the collection, analysis and reporting of risk, insurance and claims information. "
target: Claimwire
Claimwire provides consulting and software services for the workers’ compensation, risk and insurance industries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/20/2016 via GlobeNewswire

RJD Green, Inc., acquired Iosoft Inc.

synopsis: RJD Green announced the completion of the acquisition of Iosoft Inc. Iosoft was formed in 1998 to provide proprietary software for medical billing, Healthcare claims adjudication, automotive warranty payments, and electronic payments between healthcare Payers and Providers, and several other platform developments.
buyer: RJD Green, Inc. (OTCPK:RJDG:$2.92)
RJD Green is a holding company focused in green environmental services, healthcare technology and services, and manufacturing/distribution of construction and industrial products. RJD focuses on economically advantageous acquisitions within emerging growth entities or companies needing restructure. "
target: Iosoft Inc.
IoSoft provides proprietary software for medical billing, Healthcare claims adjudication, automotive warranty payments, and electronic payments between healthcare Payers and Providers, and several other platform developments.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
closed 6/26/2015 via BusinessWeek

Cover-All Technologies, Inc. merged with MajescoMastek,

synopsis: MajescoMastek, the global provider of core insurance systems and services, announced that it has merged with Cover-All Technologies Inc., an insurance software company that provides P/C insurance professionals a browser-based family of Policy, Business Intelligence, and Claims solutions.
buyer parent: Mastek, Ltd.
buyer: MajescoMastek (:$132.30)
MajescoMastek, Inc. is a provider of core insurance technology software and IT services to 100 carriers worldwide. Majesco delivers proven solutions and IT services in core insurance areas including policy administration, billing, claims and distribution. "
target: Cover-All Technologies, Inc. (COVR:$20.56)
Cover-All provides P/C insurance professionals a robust state-of-the-art, browser-based family of Policy, Business Intelligence, and Claims solutions designed to deliver products to market faster, enhance quality, ensure compliance, and reduce costs.
price ($mm)
rev ($mm)
$20
EBITDA ($mm)
$0
EV / rev
0.0x
EV / EBITDA
0.0x
closed 9/3/2014 via PR Newswire

Symphony Technology Group, acquired Aon eSolutions

synopsis: Aon Risk Solutions, the global risk management business of Aon plc, announced it has sold Aon eSolutions, Inc., its risk management information systems business unit, to an affiliate of Palo Alto-based Symphony Technology Group.
buyer: Symphony Technology Group
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great software and services companies. STG also provides transformation expertise to enable its companies to deliver maximum value to its clients. "
target parent: Aon plc
target: Aon eSolutions
Aon eSolutions is the technology solutions business of Aon plc and provides cloud-based and on-premises business solutions designed and built for the specific security, performance and compliance needs of the risk, insurance and safety management community.
price ($mm)
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EBITDA ($mm)
EV / rev
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closed 3/10/2014 via GlobeNewswire

Altegra Health, acquired Outcomes Health

synopsis: Altegra Health, a leading provider of business, technology and consulting solutions for healthcare organizations, announced the acquisition of Outcomes Health Information Solutions, a leading provider of risk adjustment, quality measurement and data analytics services to government-sponsored health plans and other healthcare organizations.
buyer parent: Parthenon Capital Partners
buyer: Altegra Health
Altegra Health is a leading provider of business, technology, and consulting solutions that improve healthcare organization performance by aligning the company's best-in-class capabilities with health plan and provider clients' existing capabilities. "
target: Outcomes Health
Outcomes Health is a technology-enabled healthcare services provider focused on advancing the collection and analysis of health care data to improve care, quality, information accuracy and security, and financial performance for its healthcare partners.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 1/8/2013 via PR Newswire

Blue Health Intelligence, acquired Intelimedix, LLC

synopsis: Blue Health Intelligence, a leading healthcare data and analytics company, has announced that it has acquired Intelimedix, a healthcare analytics firm specializing in employer group and payer reporting solutions. Intelimedix provides a complete analytics and business intelligence environment.
buyer: Blue Health Intelligence
Blue Health Intelligence is the nation's premiere health intelligence resource, delivering data-driven insights about healthcare trends and best practices, resulting in healthier lives and more affordable access to safe and effective care. "
target: Intelimedix, LLC
Intelimedix is the leader in healthcare business intelligence and informatics. Their groundbreaking technology empowers health plans, healthcare providers and employers to elevate the quality of care while simultaneously gaining unprecedented cost savings.
price ($mm)
rev ($mm)
EBITDA ($mm)
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announced 6/15/2012 via BNC Analysis

Quindell Portfolio Plc, will acquire Intelligent Claims Management Limited

synopsis: Quindell Portfolio plc plans to acquire Intelligent Claims Management Limited, the largest and fastest growing claims management network in the UK. The ICM Network is a software-based virtual network of independent claims management firms.
buyer: Quindell Portfolio Plc (AIM:WTG:$81.11)
Quindell Portfolio Plc is a provider of sector leading expertise in Software, Consulting and Technology Enabled Outsourcing in its key markets being Insurance, Telecommunications and their Related Sectors. "
target: Intelligent Claims Management Limited
Intelligent Claims Management (ICM) is the largest and fastest growing claims management network in the UK. The ICM Network is a virtual network of independent claims management firms who submit business to ICM's service providers, connecting all parties involved in the claims process.
price ($mm)
$2.18
rev ($mm)
$2
EBITDA ($mm)
EV / rev
1.2x
EV / EBITDA

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EBITDA ($mm)
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ZoomMed Inc.
ZoomMed Inc.
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year
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Omnicell, Inc.
Omnicell is a leading supplier of comprehensive automation and business analytics software for patient-centric medication and supply management across the entire health care continuum—from the acute care hospital setting to post-acute skilled nursing and long-term care facilities to the home.
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Tabula Rasa Healthcare
Tabula Rasa Healthcare
Tabula Rasa HealthCare (TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk.
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Healthaxis, Inc.
Healthaxis, Inc.
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Ticker: OTCPK:SYPT
 
 
 
 
 
 
 
 
Scrypt, Inc
Scrypt builds secure cloud-based workflow management and collaboration tools for regulated industries. They help businesses operating in regulated industries improve document workflow and regain valuable time while protecting business-critical information.
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Ticker: CERN
 
 
 
 
 
 
 
 
Cerner Corporation
Cerner Corporation
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Employees
29200
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Ticker: 300253
 
 
 
 
 
 
 
 
Shanghai Kingstar Winning Software Co., Ltd.
Shanghai Kingstar Winning Software is principally engaged in the development of medical software, the provision of technology services and the distribution of hardware products. They primarily offer software, including hospital information systems and public health information management systems.
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$98.42
EBITDA ($mm)
$14.01
EBIT ($mm)
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$21.57
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454
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Rethinking Care AB
Rethinking Care AB
Rethinking Care introduces a holistic concept in nursing & health, based on 3 interacting spheres of activity - "Software as a service", "Care as a service" & "Health as a service", based on a high level of competence in nursing & healthcare services as well as IT tools developed for health care.
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2016
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Ticker: INOV
 
 
 
 
 
 
 
 
Inovalon, Inc.
Inovalon, Inc.
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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.
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$1,748.29
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EBIT ($mm)
($10.28)
Net Income ($mm)
$396.06
Employees
9500
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Ticker: DB:COP
 
 
 
 
 
 
 
 
CompuGroup Medical AG
CompuGroup Medical AG
CompuGroup Medical is a leading global eHealth provider. Their software and communications solutions assist doctors, dentists, hospitals, pharmacists, associations, networks and other service providers with workflow, diagnosis and therapy.
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Employees
4572
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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
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$499.35
EBITDA ($mm)
$57.19
EBIT ($mm)
$44.23
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2927
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Ticker: AIM:EMIS
 
 
 
 
 
 
 
 
EMIS Group PLC
EMIS Group PLC
Egton Medical Information Systems Ltd (EMIS) is the UK's market leading primary care software provider with more than 39 million patient records entrusted to its systems. Its aim is to make good quality, timely patient information available any time, any where through interoperable systems.
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EBITDA ($mm)
$33.15
EBIT ($mm)
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Employees
2046
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Ticker: EVH
 
 
 
 
 
 
 
 
Evolent Health
Evolent Health
Evolent partners with leading health systems to drive value-based care transformation. By providing clinical, analytical and financial capabilities, Evolent helps physicians and health systems achieve superior quality and cost results.
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EBITDA ($mm)
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946
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Ticker: CTRX
 
 
 
 
 
 
 
 
Catamaran Corporation
Catamaran Corporation
Catamaran Corporation helps organizations and the communities they serve take control of prescription drug costs. Managing more than 400 million prescriptions each year on behalf of 35 million members, Catamaran's solutions improve patient care and empower individuals to take charge of their health.
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$21,581.89
EBITDA ($mm)
$845.68
EBIT ($mm)
$569.00
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$317.29
Employees
4000
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Ticker: GWRE
 
 
 
 
 
 
 
 
Guidewire Software, Inc.
Guidewire Software, Inc.
Guidewire Software, Inc. provides system software to the property and casualty insurance industry primarily in the United States, Canada, and Australia. It provides Internet-based software platforms for core insurance operations.
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Ticker: PT
 
 
 
 
 
 
 
 
PINTEC
PINTEC
PINTEC is a leading independent technology platform enabling financial services in China. With its mission to "Power the Future of Finance", PINTEC aims to advance financial services by providing customizable and modular fintech solutions to its financial and business partners.
year
2018
rev ($mm)
$156.10
EBITDA ($mm)
$13.41
EBIT ($mm)
$12.65
Net Income ($mm)
$0.96
Employees
432
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Ticker:
 
 
 
 
 
 
 
 
Bravura Solutions Limited
Bravura Solutions Limited
Bravura Solutions is a leading provider of software solutions for the wealth management, life insurance and fund administration industries, underpinned by functionally rich technology that enables modernisation, consolidation and simplification.
year
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rev ($mm)
$178.02
EBITDA ($mm)
$35.55
EBIT ($mm)
$29.37
Net Income ($mm)
$22.62
Employees
1351
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