Like Remedy Partners

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.
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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)
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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.
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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.
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closed 8/16/2017 via PE Hub

eSolutions, Inc., acquired RemitDATA, Inc.

synopsis: eSolutions, Inc., a leading provider of healthcare technology and analytics solutions, announces the acquisition of RemitDATA Inc., a pioneer of comparative data analytics technology bringing 360-degree data transparency to the healthcare industry.
buyer: eSolutions, Inc.
Founded in 1999, eSolutions specializes in helping health care providers improve their revenue cycle management practices. eSolutions delivers high value, cost-effective, workflow automation and data analytics services in a web-based environment to thousands of providers. "
target: RemitDATA, Inc.
RemitDATA is a healthcare technology company that delivers healthcare's most comprehensive comparative data and analytics platform. RemitDATA strives to bring collaboration and 360-degree data transparency to all entities within the healthcare industry.
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closed 11/18/2015 via BusinessWire

WEX Inc., acquired Benaissance

synopsis: WEX Inc., a leading provider of corporate payment solutions, announced it has completed its acquisition of Benaissance, a leading provider of integrated software-as-a-service (SaaS) technologies and services for healthcare premium billing, payment and workflow management.
buyer: WEX Inc. (WEX:$1,381.01)
WEX Inc. is a leading provider of corporate payment solutions. It is a multi-channel provider of corporate payment solutions representing 9 million vehicles and offering exceptional payment security and control across a wide spectrum of business sectors. "
target parent: McCarthy Capital Corporation
target: Benaissance
Benaissance is the trusted financial management partner for health benefits administration, and pioneered the industry’s leading ExchangePoint℠ and COBRApoint® Software as Service (SaaS) solutions for individual single-point and consolidated group premium billing.
price ($mm)
$80
rev ($mm)
$13
EBITDA ($mm)
EV / rev
6.0x
EV / EBITDA
closed 1/2/2008 via BusinessWire

Ebix, Inc., acquired Telstra eBusiness Services Pty Limited

synopsis: Ebix, Inc., a leading international developer and supplier of software and e-commerce solutions to the insurance industry, has completed the acquisition of Telstra eBusiness Services. The acquisition, Ebix's second this year, adds a premier insurance exchange to Ebix, which is used by an estimated 84% of insurance brokers in Australia.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development. "
target parent: Telstra Corporation Limited
target: Telstra eBusiness Services Pty Limited
Telstra eBusiness is the leading provider of e-business solutions to the insurance industry in Australia. Its e-business solutions provide an integrated exchange which is utilized by insurers, intermediaries, and other insurance channel providers, across Australia today.
price ($mm)[EV]
$53 [$33]
rev ($mm)
$18
EBITDA ($mm)
$10
EV / rev
1.3x
EV / EBITDA
2.4x
closed 8/2/2010 via BNC Analysis

Data Image merged with Dantom Systems, Inc.,

synopsis: DANTOM Systems is pleased to announce its merger with Data Image, an Ohio based healthcare statement provider, and its affiliate company, Data Online.
buyer: Dantom Systems, Inc.
DANTOM provides credit and collection data processing, high-speed letter printing and USPS first-class mail delivery services to the credit and collection industry. DANTOM has established over 25 different credit and collection software interfaces to service hundreds of customers nationwide. "
target: Data Image
Data Image offers clients high-impact graphic design, dynamic, full color; variable statements; archiving and online retrieval; and payment processing technology. The payment processing portal, Data Online, is PCI DSS compliant.
price ($mm)
$21
rev ($mm)
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closed 5/16/2019 via Company Press Release

Discovery Health Partners, acquired HealthMind, LLC

synopsis: Discovery Health Partners, an industry leader dedicated to helping healthcare payers solve payment and revenue integrity challenges, has acquired HealthMind, a healthcare technology company that specializes in payment service solutions. HealthMind's ReThink platform supports multiple payment accuracy programs on both a pre- and post-pay basis.
buyer parent: Carrick Capital Partners, LLC
buyer: Discovery Health Partners
Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions. They are specialists in technology, services, and solutions for Subrogation, Coordination of Benefits, Dependent Eligibility Verification, and Healthcare Analytics. "
target: HealthMind, LLC
HealthMind is a healthcare technology company that specializes in payment service solutions. HealthMind's cloud-based ReThink platform supports multiple payment accuracy programs on both a pre- and post-pay basis. HealthMind helps health plans to increase their efficiency, productivity, and results.
price ($mm)
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closed 12/11/2008 via AP - Associated Press

Experian Information Solutions, acquired SearchAmerica

synopsis: Experian, the global information services company, announces that it has completed the acquisition of SearchAmerica, a leading provider of payment prediction data and analytics to the US healthcare industry. The purchase price is approximately $90m and will be funded from Experian’s existing cash resources.
buyer: Experian Information Solutions
Experian is a global leader in providing information solutions to organizations and consumers. It helps organizations find, develop and manage profitable customer relationships by providing information, decision-making solutions and processing services. "
target: SearchAmerica
SearchAmerica is the industry leader in financially clearing patients through address verification, prediction of payment and automated screening for charity, Medicaid and other government programs with its Software-as-a-Service (SaaS) solutions and personalized service.
price ($mm)
$90
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closed 7/12/2016 via BusinessWire

McKesson Corporation, acquired HealthQX

synopsis: McKesson Health Solutions announced it has expanded its portfolio to include ClarityQx value-based payment technology through the acquisition of HealthQX. HealthQX is the leader in Value-based Payment (VBP) analytic software solutions for health plans and health systems.
buyer: McKesson Corporation (MCK:$214,319.00)
McKesson Corporation is a healthcare services and information technology company dedicated to making the business of healthcare run better. McKesson partners with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care. "
target: HealthQX
HealthQX is the leader in Value-based Payment (VBP) analytic software solutions for health plans and health systems. Its VBP analytics platform, ClarityQX, provides the capabilities to design, implement and monitor alternative payment models.
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closed 10/1/2009 via

Fidelity National Information Services Inc., acquired Metavante Technologies, Inc.

synopsis: Fidelity National Information Services (FIS) has agreed an all stock deal worth around $2.94 billion to buy Metavante Technologies, creating the world's largest provider of integrated payment and financial processing services.
buyer parent: Fidelity National Financial, Inc.
buyer: Fidelity National Information Services Inc. (FIS:$9,241.00)
Fidelity National Information Services, Inc. is a leading provider of core financial institution processing, card issuer and transaction processing services, mortgage loan processing and related information products and outsourcing services. "
target: Metavante Technologies, Inc.
Metavante Corporation provides banking and payment technologies to financial services firms and businesses. Its products and services include account processing for deposit, loan, and trust systems, image based and conventional check processing, and electronic funds transfer.
price ($mm)[EV]
$2,894 [$4,575]
rev ($mm)
$1,710
EBITDA ($mm)
$424
EV / rev
2.7x
EV / EBITDA
10.9x
closed 10/2/2006 via Company Press Release

Ebix, Inc., acquired Finetre Corporation

synopsis: Ebix, Inc., a leading international developer and supplier of software and e-commerce solutions to the insurance industry, announced that it has signed an agreement to acquire Virginia based Finetre Corporation through a merger effective October 1, 2006. The closing is expected to occur on October 2, 2006.
buyer: Ebix, Inc. (EBIX:$570.76)
Ebix, Inc. is a leading international supplier of software and e-commerce solutions to the insurance industry. Ebix provides a series of application software products for the insurance industry ranging from carrier systems, agency systems and exchanges to custom software development. "
target: Finetre Corporation
Finetre Corporation is a Northern Virginia-based software technology firm focusing on transaction processing and compliance automation in the financial services industry. Finetre's AnnuityNet Platform currently processes 15,000 annuity transactions with a total value of nearly $1.5 billion monthly.
price ($mm)
$16
rev ($mm)
EBITDA ($mm)
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closed 9/14/2011 via BusinessWire

Fiserv, Inc., acquired CashEdge, Inc.

synopsis: Fiserv, Inc., the leading global provider of financial services technology solutions, announced the completion of its acquisition of CashEdge Inc., a leading provider of consumer and business payments technologies. CashEdge serves more than 500 clients, including strong representation in the large financial institution segment.
buyer: Fiserv, Inc. (FISV:$5,788.00)
Fiserv, Inc. is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. "
target: CashEdge, Inc.
CashEdge is the leading provider of innovative payments and aggregation solutions to financial institutions. These include Popmoney® person-to-person (P2P) payments, "me-to-me" account transfers, account opening and funding, small business invoicing and payments, and financial account aggregation.
price ($mm)
$460
rev ($mm)
EBITDA ($mm)
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closed 5/17/2007 via BusinessWire

J.P. Morgan Chase & Co., acquired Xign Corp.

synopsis: JPMorgan Chase Bank, N.A. announced the closing of its acquisition of Xign Corporation, a leading provider of business-to-business on-demand financial settlement solutions. The business will be known as JPMorgan Xign Corporation. JPMorgan Chase has acquired the capital stock of Xign and the company’s technology, services and Order-to-Pay domain.
buyer: J.P. Morgan Chase & Co. (JPM:$104,870.00)
JPMorgan Chase & Co. is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services, financial transaction processing, asset and wealth management, and private equity. "
target: Xign Corp.
Xign Corporation operates a global settlement network for business. Xign's suite of on-demand applications is the first to automate the complete commerce cycle, from electronic order delivery to electronic invoice and payment processing, to streamline operations and monetize working capital.
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closed 9/6/2006 via PR Newswire

Mellon Financial Corporation, acquired ClearTran Inc

synopsis: Mellon Financial Corporation has acquired ClearTran, a leading provider of electronic and online bill payment solutions. As consumers continue to prefer the convenience of paying their bills from anywhere at any time, this acquisition complements Mellon's long-standing presence in the electronic and paper-based consumer receivables marketplace.
buyer: Mellon Financial Corporation (MEL:$0.00)
Mellon Financial Corporation is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, private wealth management, asset servicing, and payment solutions and investor services. "
target: ClearTran Inc
ClearTran meets an ever-increasing demand for flexible, comprehensive electronic and online bill payment solutions that are implemented quickly and without costly or time-consuming development work.
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closed 7/11/2006 via PR Newswire

Total System Services, Inc., acquired Card Tech, Ltd

synopsis: TSYS has acquired Card Tech, Ltd., and related companies, adding valuable new issuing and acquiring capabilities and significantly extending its geographic reach to important markets in the Asia Pacific, Europe, the Middle East and Africa.
buyer parent: Synovus Financial Corp.
buyer: Total System Services, Inc. (TSS:$4,075.57)
TSYS is one of the world’s largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, debt management, loyalty and prepaid services for financial institutions and retail companies. "
target: Card Tech, Ltd
Payment card technologies are the foundation Card Technology Limited's expertise. CTL systems include sophisticated, market-leading functionality to support the full range of magnetic stripe, chip and proxy card programmes.
price ($mm)
$55
rev ($mm)
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closed 11/22/2013 via Company Press Release

3P Capital, LLC, acquired Arch Advantage

synopsis: 3P Capital, LLC a Chattanooga-based private equity firm specializing in acquisition of high growth potential companies, has acquired Arch Advantage, a web application that helps doctors and patients establish payment arrangements. They give guidelines and advice, and their repayment coaching helps manage the patient billing and collections process.
buyer: 3P Capital, LLC
3P Capital, LLC is a Chattanooga-based private equity firm specializing in acquisition of high growth potential companies. "
target: Arch Advantage
Arch Advantage is a web application that helps doctors and patients establish payment arrangements. They give guidelines and advice, and their repayment coaching helps manage the patient billing and collections process.
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closed 2/22/2011 via BusinessWire

Bottomline Technologies, acquired Direct Debit Limited

synopsis: Bottomline Technologies, a leading provider of collaborative payment, invoice and document automation solutions, has announced the acquisition of Direct Debit Limited, a London-based provider of payments automation software for direct debits and receivables management for corporations, banks, financial institutions and government organizations.
buyer: Bottomline Technologies (EPAY:$420.19)
Bottomline Technologies provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world. The solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management and more. "
target: Direct Debit Limited
Direct Debit Limited is a London-based provider of payments automation software for direct debits and receivables management for corporations, banks, financial institutions and government organizations.
price ($mm)
$11
rev ($mm)
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announced 5/30/2019 via Company Press Release

Silverfleet Capital, will acquire Microgen Financial Systems

synopsis: Aptitude Software Group, leading provider of business-critical software and services, has entered into an agreement to sell its wholly-owned subsidiary, Microgen Financial Systems ("MFS"), to Moscow Bidco Limited, a private limited company controlled by Silverfleet Capital. MFS develops and implements its software for the financial services sector.
buyer: Silverfleet Capital
Silverfleet Capital is a leading, independent, European private equity firm specialising in mid-market buyouts. They utilise this expertise to help their portfolio companies make bolt-on acquisitions and to achieve strong organic growth. "
target parent: Aptitude Software Group plc
target: Microgen Financial Systems (LSE:MCGN:$46.57)
Microgen Financial Systems develops, implements and supports its own market-leading software for the financial services sector. They offer a range of financial services technology systems focused on the global Wealth Management sector and also provides Application Management services.
price ($mm)
$65
rev ($mm)
$23
EBITDA ($mm)
EV / rev
2.8x
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)
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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)
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closed 3/15/2019 via PR Newswire

Signify Health, acquired TAV Health

synopsis: Signify Health, a provider of technology-enabled, in-home care and complex care management services, has acquired TAVHealth, a platform for collaborating with risk-bearing and community-based organizations to address social determinants of health (SDOH). TAVHealth is used to safely share information, coordinate services, and more.
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: TAV Health
TAVHealth is a platform for collaborating with risk-bearing and community-based organizations to address social determinants of health (SDOH). TAVHealth's cloud-based platform is used to safely share information, coordinate services, and build longitudinal social records for each community member.
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closed 1/21/2015 via Market Wire

Equian, acquired The Assist Group

synopsis: Equian, a healthcare information services company, completed the acquisition of The Assist Group, a pre-payment technology and solutions company with extensive clinical and claim resolution processes that identify improper costs and yield significant savings to payers.
buyer parent: Great Point Partners
buyer: Equian
Equian is a healthcare information services company providing solutions throughout the United States -- and around the world -- that ensures each healthcare interaction is paid accurately, and at the lowest possible cost. "
target: The Assist Group
Based in Lakewood, Colorado, The Assist Group ("TAG") is a pre-payment technology and solutions company with extensive clinical and claim resolution processes that identify improper costs and yield significant savings to payers.
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closed 6/16/2014 via Market Wire

Health Systems International, acquired AfterMath Claim Science, Inc.

synopsis: Equian completed the acquisition of AfterMath Claim Science, Inc. effective June 16, 2014. Based just outside of Chicago, IL, AfterMath Claim Science is a post-payment recovery services company that identifies and eliminates medical claim payment errors.
buyer parent: Great Point Partners
buyer: Health Systems International
Equian is a healthcare information services company focused on lowering the cost of care by eliminating waste. It provides pre-payment solutions, post-payment solutions, and data analytics methodology. "
target: AfterMath Claim Science, Inc.
AfterMath Claim Science is a specialized overpayment recovery company, with data mining techniques aimed at specific claim types not detected by traditional claims overpayment services. Its Member Eligibility Overpayment (MEO) recovery program is the highest performing recovery program of its kind.
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closed 6/27/2018 via PR Web

United Claim Solutions, acquired Zebu Compliance Solutions

synopsis: United Claim Solutions (UCS), a Great Point Partners II portfolio company, has acquired Portsmouth, Ohio-based Zebu Compliance Solutions (Zebu), a software enabled business, providing payment integrity and ongoing credentialing solutions to payors, clearinghouses, and provider organizations across the United States.
buyer parent: Great Point Partners
buyer: United Claim Solutions
United Claim Solutions (UCS) is an innovative payment integrity solutions company providing cutting edge and customizable solutions for TPAs, self-insured groups, labor and trust organizations, stop-loss carriers and health plans. "
target: Zebu Compliance Solutions
Zebu Compliance Solutions improves medical coding efficiency, reimbursement assurance, auditing toolsets, claim accuracy, and staff licensing/exclusion monitoring. Their clients reduce labor costs, increase revenue, and maintain audit-readiness.
price ($mm)
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announced 5/6/2016 via PR Newswire

Hellman & Friedman LLC, will acquire MultiPlan, Inc.

synopsis: MultiPlan, Inc., the industry's most comprehensive provider of healthcare cost management solutions, announced that affiliates of Hellman & Friedman have entered into an agreement to acquire control of the company from Starr Investment Holdings, LLC and Partners Group. MultiPlan is the nation's largest provider of transaction-based solutions.
buyer: Hellman & Friedman LLC
Hellman & Friedman is a leading private equity investment firm that focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including software, internet & media, financial services, business & information services, and more. "
target parent: Starr Investment Holdings, LLC
target: MultiPlan, Inc.
MultiPlan, Inc. is the industry's most comprehensive provider of healthcare cost management solutions. The company provides a single gateway to a host of primary, complementary and out-of-network strategies for managing the financial risks associated with healthcare claims.
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cancelled 3/17/2015 via GlobeNewswire

Performant, cancelled an acquisition of Premier Healthcare Exchange, Inc.

synopsis: Performant Financial Corporation announced that its merger agreement to acquire Premier Healthcare Exchange, Inc. ("PHX") has been terminated. Based in Bedminster, New Jersey, privately-held PHX is a leading provider of healthcare cost management solutions for more than 200 commercial health plans and third party administrators (TPAs).
buyer: Performant (PFMT:$215.66)
Performant helps government and commercial organizations enhance revenue and contain costs by preventing, identifying and recovering waste, improper payments and defaulted assets. Performant is a leading provider of these services in several industries, including healthcare, government and more. "
target: Premier Healthcare Exchange, Inc.
Premier Healthcare Exchange (PHX) was incorporated in 2001. The company provides advanced cost management solutions for health plans that combine claim processing automation with professional services to deliver a timely, centralized approach to healthcare cost management.
price ($mm)
$130
rev ($mm)
$43
EBITDA ($mm)
EV / rev
3.0x
EV / EBITDA
closed 10/18/2013 via Market Wire

Health Systems International, acquired The Reclaim Group

synopsis: Health Systems International completed the acquisition of The Reclaim Group. The agreement marks the ninth tuck-in acquisition Health Systems International has completed in a five year period. TRG is a medical post-payment recovery services company that partners with health insurers to identify and eliminate facility claim payment errors.
buyer parent: Great Point Partners
buyer: Health Systems International
Health Systems International provides medical cost management solutions to healthcare payors in multiple markets throughout the world. It connects clients to the lowest possible cost of care utilizing advanced technology, customized solutions, exclusive offerings, and personalized service. "
target: The Reclaim Group
The Reclaim Group, based in Bethesda, Maryland, is a medical post-payment recovery services company that partners with health insurers to identify and eliminate facility claim payment errors and costly rework.
price ($mm)
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closed 5/4/2011 via PR Newswire

Emdeon, Inc., acquired EquiClaim, Inc.

synopsis: Emdeon Inc., a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, announced the acquisition of EquiClaim, a leading provider of healthcare audit and recovery services for commercial and government payers, from MultiPlan, Inc.
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. "
target parent: MultiPlan, Inc.
target: EquiClaim, Inc.
EquiClaim delivers comprehensive cost management strategies to government and commercial payers in the healthcare industry through its suite of clinical review services.
price ($mm)
$41
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/21/2013 via Company Press Release

Moelis Capital Partners, acquired OmniSYS, LLC

synopsis: OmniSYS, LLC, the leader in medical claims reimbursement and compliance services for pharmacies and medical equipment providers, announced that New York-based private equity firm Moelis Capital Partners (MCP) has acquired the company from CIC Partners, a private equity firm based in Dallas.
buyer parent: Moelis & Company
buyer: Moelis Capital Partners
Moelis Capital Partners is a middle market private equity firm. Moelis Capital Partners manages $700 million of committed private equity capital and specializes in traditional private equity investments in the middle market. "
target parent: CIC Partners LP
target: OmniSYS, LLC
OmniSYS, LLC.is a provider of systems and services to pharmacies, health plans and other organizations that use healthcare claim processing services. They provide pharmacies with a suite of central-site service offerings that bridge disparate coding and billing methodologies.
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closed 3/16/2012 via PE Hub

Mitchell International, Inc., acquired National Health Quest, Inc.

synopsis: Mitchell, a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, announced the acquisition of National Health Quest, Inc., a national best-in-class provider of negotiated out-of-network payment services.
buyer parent: Aurora Capital Group
buyer: Mitchell International, Inc.
Mitchell International, Inc. provides technology, connectivity, and information solutions to the property and casualty claims, and collision repair industries in North America. It offers workflow management solutions; and claims management solutions and processing software. "
target: National Health Quest, Inc.
National Health Quest, Inc. (NHQ), a national best-in-class provider of negotiated out-of-network payment services. NHQ has been representing major national insurance carriers, employers, self-insured employers groups, TPA’s, consultants and brokers for over two decades.
price ($mm)
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closed 6/12/2013 via PR Newswire

Emdeon, Inc., acquired Goold Health Systems

synopsis: Emdeon Inc., a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, announced the acquisition of Goold Health Systems, a healthcare management organization that specializes in providing pharmacy benefit and related services primarily to State Medicaid agencies across the nation.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon, Inc. is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. "
target: Goold Health Systems
Goold Health Systems (GHS) offers clinically driven, evidence-based pharmacy benefit services, clinical services, and secure data and storage services. Headquartered in Augusta, Maine, with offices in Iowa and Wyoming, GHS focuses almost exclusively on Medicaid and related programs.
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closed 7/13/2017 via BusinessWire

Genoa Healthcare, acquired Medication Management Systems, Inc.

synopsis: The nation’s leading behavioral health pharmacy and telepsychiatry company, Genoa, a QoL Healthcare Company, announced the acquisition of Medication Management Systems, Inc., a Minneapolis-based provider of comprehensive medication therapy management services and technology for complex high-risk patients.
buyer: Genoa Healthcare
Genoa, a QoL Healthcare Company, has been serving the behavioral health community for more than 15 years. The company provides pharmacy and telepsychiatry services to more than 550,000 individuals annually in 48 states & the District of Columbia, filling more than 12 million prescriptions per year. "
target: Medication Management Systems, Inc.
Medication Management Systems, Inc. provides comprehensive, patient–centered medication management services and technology to improve medication therapy by identifying and resolving patients’ medication therapy problems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/15/2017 via BusinessWire

ConnectiveRx, acquired Careform

synopsis: ConnectiveRx, a leader in helping patients with affordability, access and medication adherence messaging, has acquired Careform, a leader in technology-enabled “hub” services driving patient and provider engagement and support.
buyer: ConnectiveRx
Headquartered in Whippany, New Jersey, ConnectiveRx delivers affordability and adherence messaging solutions through all stages of the patient’s medication journey to help them get and stay on their medications. The company provides these solutions to over 125 biopharmaceutical manufacturers. "
target: Careform
Based in Pittsburgh, Pennsylvania, Careform was founded in 2012 to simplify access to specialty pharmaceuticals through technology-enabled patient support services. BrandHub delivers inventory management, EHR integration and therapy cycle management to identify and remove barriers to patient access.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/24/2015 via BusinessWire

Arcadia Solutions LLC, acquired Sage Technologies

synopsis: Arcadia Healthcare Solutions, an Electronic Health Record data aggregation and analytics company, has acquired Sage Technologies. Sage provides managed services, ACO implementation and performs outsourced managed care, third party claims administration, financial leadership, data analytics, and improvement programs in the healthcare industry.
buyer: Arcadia Solutions LLC
Arcadia Healthcare Solutions is an EHR data aggregation and analytics technology company delivering managed care to ambulatory networks. Arcadia integrates data from EHR platforms, enriching them with claims and operational data, and using that data to drive improvements in patient care. "
target: Sage Technologies
Sage Technologies provides technology-enabled services that allow large physician groups to enter into risk-based contracts with health plans, accountable care organizations, and other healthcare organizations that are seeking to enter into value-based care arrangements.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/1/2010 via BusinessWire

TriZetto Group, Inc., acquired Tela Sourcing, Inc.

synopsis: The TriZetto Group, Inc. has announced it has completed its acquisition of privately held Tela Sourcing, Inc., a Baltimore-based business process outsourcing (BPO) services company that provides U.S. and India-based outsourcing capabilities to the healthcare industry.
buyer parent: Apax Partners
buyer: TriZetto Group, Inc.
TriZetto is Powering Integrated Healthcare Management™. The company provides premier information technology solutions that enable payers and other constituents in the healthcare supply chain to improve the coordination of benefits and care for healthcare consumers. "
target: Tela Sourcing, Inc.
Tēla Sourcing is a privately-held company headquartered in Baltimore, Maryland. The domain expertise, experience and delivery expertise of Tēla offers a wide range of solutions for business process outsourcing (BPO) and software application development.
price ($mm)
$29
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/2/2014 via Reuters

iHealth Technologies will be merged with Connolly, Inc.,

synopsis: Buyout firm Advent International Corp's insurance payments auditing company Connolly LLC has agreed to merge with Goldman Sachs Group Inc's medical claims company iHealth Technologies Inc. iHealth provides analytics and services to contain medical and administration costs for more than 75 healthcare organizations, including insurance plans.
buyer parent: Advent International
buyer: Connolly, Inc. (COTV:$737.56)
Founded in 1979, Wilton, Connecticut-based Connolly is a privately held recovery auditing services firm. It reviews more than a trillion transactions each year, recovering $2 billion in overpayments in the healthcare and retail sectors, according to its website. "
target parent: Goldman Sachs & Co.
target: iHealth Technologies
Founded in 2001, Atlanta, Georgia-based iHealth provides analytics and services to contain medical and administration costs for more than 75 healthcare organizations, including insurance plans.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/19/2012 via Market Wire

BancTec, Inc., purchased Claims Processing Business from GTESS

synopsis: BancTec, a global leader in BPO for financial transaction automation and document management, announced that it has acquired certain assets of GTESS, a provider of claims pre-adjudication technology and services for the healthcare industry. The transaction will enable BancTec to strengthen and expand its healthcare claims processing services.
buyer: BancTec, Inc.
BancTec is a global leader in business process outsourcing, providing financial transaction automation and document management services for organizations seeking to drive efficiency in their financial and back-office processes. "
seller parent: Tricom Infotech Solutions, Inc.
seller: GTESS
GTESS specializes in automation technologies that drive cost and process improvements in the front-end, or pre-adjudication, portion of healthcare claims processing. GTESS has enabled clients to achieve their goals for increased automation, speed and lower costs of claims processing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2010 via BusinessWire

HMS, acquired Chapman Kelly

synopsis: HMS announced it has acquired privately-held Chapman Kelly. Based in the metropolitan Louisville, Kentucky area, Chapman Kelly provides dependent eligibility audits to large, self-insured employers, as well as plan and claims audits to both employers and managed care organizations.
buyer: HMS (HMSY:$626.21)
HMS is the nation's leader in coordination of benefits and program integrity services for healthcare payors. HMS's clients include health and human services programs, commercial programs, including commercial plans, employers, and over 100 Medicaid managed care plans. "
target: Chapman Kelly
Chapman Kelly provides health care cost-containment services to organizations of all sizes and across multiple sectors. Organizations turn to Chapman Kelly to help lower their health care costs and increase compliance through health care claim audits, dependent audits and other related services.
price ($mm)
$13
rev ($mm)
$4
EBITDA ($mm)
EV / rev
3.3x
EV / EBITDA
announced 9/25/2017 via BusinessWire

Konica Minolta, Inc., will acquire Invicro, LLC

synopsis: Konica Minolta, Inc. and Boston-based Invicro LLC announced that they have concluded an agreement whereby Konica Minolta will acquire Invicro, a leading provider of imaging services and software for research and drug development.
buyer: Konica Minolta, Inc. (TSE:4902:$9,474.88)
Konica Minolta, Inc. is a Japanese technology company headquartered in Tokyo. The company manufactures business and industrial imaging products, including copiers, laser printers, multi-functional peripherals (MFPs) and digital print systems for the production printing market. "
target: Invicro, LLC
Invicro is a leading provider of imaging services and software for research and drug development. Headquartered in Boston, Massachusetts, Invicro LLC was founded in 2008 with the mission of improving the role and function of imaging in drug discovery and development across all therapeutic areas.
price ($mm)
rev ($mm)
$106
EBITDA ($mm)
$17
EV / rev
0.0x
EV / EBITDA
0.0x
closed 8/9/2018 via PR Newswire

Carrick Capital Partners, LLC, acquired Discovery Health Partners

synopsis: Carrick Capital Partners, an investment firm focused on technology-enabled services including Software announced the close of an additional significant investment in Discovery Health Partners. Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions.
buyer: Carrick Capital Partners, LLC
Carrick Capital Partners is an investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast growing businesses that provide software and technology-enabled services. "
target parent: LaunchPoint
target: Discovery Health Partners
Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions. They are specialists in technology, services, and solutions for Subrogation, Coordination of Benefits, Dependent Eligibility Verification, and Healthcare Analytics.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/28/2019 via BNC Analysis

QRails, acquired RetePay

synopsis: QRails, Inc., a financial technology company offering a sophisticated payments platform with integrated processing and program management services, announced that it has completed the purchase of Rete+Pay, a provider of integrated electronic healthcare and insurance payments solutions.
buyer: QRails
QRails, Inc. is a financial technology company offering a sophisticated payments platform with integrated processing and program management services. Their ‘one stop shop’ service includes program design and marketing and card design, manufacturing, personalization and fulfillment. "
target: RetePay
Rete+Pay is a provider of integrated electronic healthcare and insurance payments solutions. It enables more efficient and cost-effective management of settlement of medical claims between insurance companies, patients and healthcare providers and offers a secure, policy compliant environment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: MWIP
 
 
 
 
 
 
 
 
MediSwipe Inc.
MediSwipe Inc.
MediSwipe Inc. offers a full spectrum of secure and reliable transaction processing and security solutions for the medical and healthcare industries, using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) payment solutions.
year
2011
rev ($mm)
$0.06
EBITDA ($mm)
($0.86)
EBIT ($mm)
($0.86)
Net Income ($mm)
Employees
3
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Ticker: EMED
 
 
 
 
 
 
 
 
MedCom USA, Inc.
MedCom USA, Inc. (EMED) provides innovative healthcare and financial transaction solutions for electronically processing HIPAA compliant transactions within the healthcare industry.
year
2008
rev ($mm)
$2.90
EBITDA ($mm)
($0.40)
EBIT ($mm)
($0.62)
Net Income ($mm)
Employees
13
  • drill down
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Ticker: NCR
 
 
 
 
 
 
 
 
NCR Corporation
NCR Corporation
NCR Corporation is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, healthcare, entertainment, and public sector organizations.
year
2019
rev ($mm)
$6,830.00
EBITDA ($mm)
$885.00
EBIT ($mm)
$715.00
Net Income ($mm)
$168.00
Employees
34000
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Ticker: BSE:532668
 
 
 
 
 
 
 
 
aurionPro Solutions
aurionPro Solutions
Aurionpro Solutions is a global technology solutions leader that helps enterprises accelerate their digital innovation, securely and efficiently. It combines core domain expertise, thought leadership in innovation, security and leverages industry.
year
2018
rev ($mm)
$59.92
EBITDA ($mm)
$10.06
EBIT ($mm)
$7.40
Net Income ($mm)
$12.54
Employees
800
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Ticker:
 
 
 
 
 
 
 
 
Censof Holdings Berhad
Censof, an investment holding company, develops and markets financial management software in Malaysia and Indonesia. It operates Financial Management Software Solution, Payment Aggregation Solutions, Wealth Management Solutions, Training Solution, and Information Communication Technology segments.
year
2018
rev ($mm)
$18.80
EBITDA ($mm)
($1.81)
EBIT ($mm)
($1.93)
Net Income ($mm)
Employees
0
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Ticker: ASX:PIL
 
 
 
 
 
 
 
 
Peppermint Innovation Limited
Peppermint Platform is a mobile banking, payments and remittance technology designed for banks, mobile money operators, money transfer and funds remittance companies, payment processors, retailers/merchants, credit card companies and microfinance institutions.
year
2015
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
  • drill down
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Ticker: EXAM
 
 
 
 
 
 
 
 
ExamWorks, Inc.
ExamWorks, Inc.
ExamWorks, Inc. is a leading provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance service and IME-related services to the insurance and legal industries, third-party administrators, self-insured parties and federal and state agencies.
year
2015
rev ($mm)
$819.57
EBITDA ($mm)
$115.67
EBIT ($mm)
$59.98
Net Income ($mm)
$5.59
Employees
3150
  • drill down
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