Like OrthoBanc

closed 12/31/2020 via PR Newswire

OrthoBanc merged with OrthoFi,

See 6 Comparable Transactions
synopsis: OrthoBanc, LLC, the trusted name in orthodontic patient financial management, has been acquired by Accel-KKR and will be merged with OrthoFi. The merger of these award-winning technologies and experienced teams will deliver a portfolio of industry-leading patient acquisition software solutions and revenue cycle management services.
buyer parent: Accel-KKR
buyer: OrthoFi
OrthoFi is a tech-enabled solution that helps Orthodontists start more patients and gives them more time to provide great quality care. Its combination Customer Relationship Management and Revenue Cycle Management system helps practices grow and manages patient and insurance billing and collections."
 target: OrthoBanc
OrthoBanc is a leader in electronic payment solutions for orthodontic and dental practices. Through its services, OrthoBanc provides patient-focused payment management, insurance assessment, risk review and payment plan recommendations, online and point-of-care payment processing, and more.
price ($mm)
rev ($mm)
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EV / rev
EV / EBITDA
closed 7/18/2017 via GlobeNewswire

Ability Network, Inc., acquired Secure Bill Pay

See 70 Comparable Transactions
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)
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EV / rev
EV / EBITDA
closed 2/10/2020 via BusinessWire

REPAY - Realtime Electronic Payments, acquired Ventanex

See 482 Comparable Transactions
synopsis: Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced the acquisition of Ventanex, an integrated payments solutions provider to the consumer finance and B2B healthcare verticals. Ventanex’s technology platform offers inbound and outbound omnichannel payment solutions and complex rules-based processing.
buyer: REPAY - Realtime Electronic Payments (RPAY:$135.86)
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers. "
 target: Ventanex
Ventanex, founded in 2012 and headquartered in Dallas, TX, is an integrated payments solutions provider to the consumer finance and B2B healthcare verticals. Ventanex’s technology platform offers inbound and outbound omnichannel payment solutions and complex rules-based processing.
price ($mm)
$36
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/17/2019 via BNC Analysis

J.P. Morgan Chase & Co., acquired InstaMed

See 10 Comparable Transactions
synopsis: As part of its efforts to accelerate its activity in the payments processing space, JPMorgan Chase has purchased healthcare payments technology company InstaMed. InstaMed has developed a cloud-based platform to coordinate bill payments between providers, insurers and patients.
buyer: J.P. Morgan Chase & Co. (JPM:$98,035.00)
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. "
 target: InstaMed
InstaMed is healthcare’s most trusted payments network, connecting providers, payers and consumers on one platform. The InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/15/2015 via BusinessWire

Global Payments, Inc., will acquire Heartland Payment Systems

See 330 Comparable Transactions
synopsis: Global Payments Inc., a leading worldwide provider of payment technology services, announced that it has entered into a definitive agreement to acquire Heartland Payment Systems, Inc., one of the nation's largest payment companies. Heartland delivers credit/debit/prepaid card processing and security technology through Heartland Secure.
buyer: Global Payments, Inc. (GPN:$3,454.43)
Global Payments Inc. is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. They provide a range of products and services that allow their customers to accept all payment types across a variety of distribution channels. "
 target: Heartland Payment Systems (HPY:$2,682.40)
Heartland Payment Systems, Inc., one of the largest payment processors in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive breach warranty.
price ($mm)[EV]
$3,857 [$4,312]
rev ($mm)
$2,588
EBITDA ($mm)
$202
EV / rev
1.7x
EV / EBITDA
21.8x
closed 6/18/2013 via Market Wire

PaySpan, Inc., acquired mPay Gateway Inc.

See 10 Comparable Transactions
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)
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closed 12/31/2020 via PR Newswire

OrthoBanc merged with OrthoFi,

See 6 Comparable Transactions
synopsis: OrthoBanc, LLC, the trusted name in orthodontic patient financial management, has been acquired by Accel-KKR and will be merged with OrthoFi. The merger of these award-winning technologies and experienced teams will deliver a portfolio of industry-leading patient acquisition software solutions and revenue cycle management services.
buyer parent: Accel-KKR
buyer: OrthoFi
OrthoFi is a tech-enabled solution that helps Orthodontists start more patients and gives them more time to provide great quality care. Its combination Customer Relationship Management and Revenue Cycle Management system helps practices grow and manages patient and insurance billing and collections."
 target: OrthoBanc
OrthoBanc is a leader in electronic payment solutions for orthodontic and dental practices. Through its services, OrthoBanc provides patient-focused payment management, insurance assessment, risk review and payment plan recommendations, online and point-of-care payment processing, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/30/2009 via BNC Analysis

OrthoBanc, acquired Acceptx Financial Solutions, Inc.

See 235 Comparable Transactions
synopsis: Orthobanc, a payment management company focusing primarily on orthodontists and dentists, bought Acceptx's assets, including the Zuelke Automated Credit Coach software, known as ZACC, and an Acceptx billing and payment software.
buyer: OrthoBanc
OrthoBanc provides complete account management for orthodontists across the United States. OrthoBanc manages orthodontic payment plans by drafting the monthly payments from the responsible party’s checking account or credit card. "
 target: Acceptx Financial Solutions, Inc.
Acceptx Financial Solutions, Inc. provides Internet software, training, and orthodontic consulting services. It offers Zuelke Automated Credit Coach, a credit grading software; Acceptx Case Acceptance Software that manages fee and payment options and helps administer in-house financing programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/31/2020 via PR Newswire

OrthoBanc merged with OrthoFi,

See 6 Comparable Transactions
synopsis: OrthoBanc, LLC, the trusted name in orthodontic patient financial management, has been acquired by Accel-KKR and will be merged with OrthoFi. The merger of these award-winning technologies and experienced teams will deliver a portfolio of industry-leading patient acquisition software solutions and revenue cycle management services.
buyer parent: Accel-KKR
buyer: OrthoFi
OrthoFi is a tech-enabled solution that helps Orthodontists start more patients and gives them more time to provide great quality care. Its combination Customer Relationship Management and Revenue Cycle Management system helps practices grow and manages patient and insurance billing and collections."
 target: OrthoBanc
OrthoBanc is a leader in electronic payment solutions for orthodontic and dental practices. Through its services, OrthoBanc provides patient-focused payment management, insurance assessment, risk review and payment plan recommendations, online and point-of-care payment processing, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/30/2009 via BNC Analysis

OrthoBanc, acquired Acceptx Financial Solutions, Inc.

See 235 Comparable Transactions
synopsis: Orthobanc, a payment management company focusing primarily on orthodontists and dentists, bought Acceptx's assets, including the Zuelke Automated Credit Coach software, known as ZACC, and an Acceptx billing and payment software.
buyer: OrthoBanc
OrthoBanc provides complete account management for orthodontists across the United States. OrthoBanc manages orthodontic payment plans by drafting the monthly payments from the responsible party’s checking account or credit card. "
 target: Acceptx Financial Solutions, Inc.
Acceptx Financial Solutions, Inc. provides Internet software, training, and orthodontic consulting services. It offers Zuelke Automated Credit Coach, a credit grading software; Acceptx Case Acceptance Software that manages fee and payment options and helps administer in-house financing programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/18/2019 via BNC Analysis

Henry Schein One, LLC, acquired Lighthouse 360

See 347 Comparable Transactions
synopsis: Medical products distributor Henry Schein announces that joint venture Henry Schein One has acquired dental practice and patient communication software Lighthouse 360 from Web.com.
buyer parent: Henry Schein, Inc.
buyer: Henry Schein One, LLC
Henry Schein One is a joint venture between Henry Schein, Inc. and Internet Brands that delivers integrated technology to enhance dental practice management. The company includes Henry Schein’s market-leading solutions of Dentrix, Dentrix Ascend, Dentrix Enterprise, Easy Dental, and more. "
 target parent: Siris Capital Group
target: Lighthouse 360
Lighthouse 360 is an award-winning platform that helps medical professionals maximize patient visits through automated communications. Lighthouse 360 helps dentists increase the number of people who kept their appointments by as much as 20%.
price ($mm)
rev ($mm)
$50
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 3/4/2013 via PR Newswire

Yodle, Inc., acquired Lighthouse Practice Management Group

See 347 Comparable Transactions
synopsis: Yodle, a leader in local online marketing, announced that it has acquired Lighthouse Practice Management Group, one of the premier providers of dental appointment reminder and relationship marketing software in the U.S.
buyer: Yodle, Inc.
Yodle, a leader in local online marketing and #26 in the Forbes list of America's most promising companies, connects local businesses with consumers in a process so simple and cost-effective that business owners can’t imagine any other way to advertise. "
 target: Lighthouse Practice Management Group
Lighthouse Practice Management Group is a privately owned software company that has worked exclusively with dentists. Its flagship product, Lighthouse 360, is a Software-as-a-Service offering that completely automates all forms of routine patient communications in dental practices.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/20/2020 via PR Newswire

Vyne, acquired Renaissance Electronic Services

See 278 Comparable Transactions
synopsis: Vyne, a leader in health information exchange, has acquired Renaissance Electronic Services, LLC, an Indianapolis-based technology company providing EDI products and services to dental practices across the United States. Renaissance Electronic Services, LLC is a tech company that builds software designed to simplify dental office management.
buyer parent: The Jordan Company
buyer: Vyne
Vyne is an industry leader in health information exchange and electronic healthcare communication management. Their robust technology platform facilitates the electronic capture, storage and submission of healthcare data in any form – voice, document, image, data, fax or electronic interface. "
 target: Renaissance Electronic Services
Renaissance Electronic Services, LLC is a tech company that builds software designed to simplify dental office management. They transform the way practices do business by giving them time away from administrative tasks to focus on their patients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/29/2019 via Company Press Release

ARZ Haan AG, acquired Hēa

See 568 Comparable Transactions
synopsis: Germany's ARZ Haan AG acquired the assets of IT Concept GmbH, which operates in the German dental market, from the German EOS Group. Among them, their networked practice control software, known as Hēa. Hēa makes it easy for dentists to comprehensively manage their practices and save time by automating the processes of planning and billing.
buyer: ARZ Haan AG
ARZ Haan AG is one of the leading German providers of billing services in the healthcare sector. With over 700 employees at 7 locations, the subsidiaries of ARZ Haan AG have for decades been leading billing specialists for pharmacies and other service providers in the healthcare sector. "
 target parent: EOS Group
target: Hēa
Hēa is the first web-based practice administration in Germany. Hēa makes it easy for dentists to comprehensively manage their practices and save a lot of time. With mobile and web platforms it simplifies the processes of planning and billing.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/30/2008 via PR Newswire

BPO Management Services, Inc, acquired Healthaxis, Inc.

See 256 Comparable Transactions
synopsis: Healthaxis Inc. and BPO Management Services, Inc., a leading full-service business process outsourcing company focused on serving middle-market enterprises, jointly announced that their respective stockholders have voted to approve the previously announced merger in which BPOMS will acquire Healthaxis, and the merger has been consummated.
buyer: BPO Management Services, Inc (HAXS:$11.90)
BPO Management Services offers strategic new business products and services for the business process outsourcing market. BPOMS is both a BPO direct service provider and expert BPO project manager. "
 target: Healthaxis, Inc.
Healthaxis is a provider of healthcare payer solutions. By combining technology and services Healthaxis can deliver value to payers and their customers. The company offers fully integrated business process outsourcing and claims administration systems that incorporate advanced technology solutions.
price ($mm)
rev ($mm)
$16
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 12/24/2020 via PR Web

EverCommerce, acquired Updox

See 429 Comparable Transactions
synopsis: EverCommerce, a leading service commerce platform, has acquired Updox, a complete healthcare communication platform for in-person and virtual care. Updox will join EverCommerce’s portfolio of health services companies, enabling it to provide customers with faster access to more products, a broader suite of solutions, and more resources.
buyer parent: SilverLake
buyer: EverCommerce
EverCommerce is a service commerce platform, providing marketing, business management, and customer retention solutions to businesses. They develop, acquire, and transform mission-critical solutions that help service-based businesses accelerate growth, streamline operations, and increase retention. "
 target: Updox
Updox is a complete healthcare communication platform for in-person and virtual care. Updox's fully-integrated care coordination communications platform connects various healthcare providers, including physicians, patients, payers, pharmacies, labs, and healthcare partners.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/18/2020 via Company Press Release

SphereCommerce, LLC, acquired HealthiPASS Inc

See 512 Comparable Transactions
synopsis: Sphere, a leading provider of end-to-end integrated payments and security software, has acquired Health iPASS, an innovative provider of cloud-based patient engagement software and revenue cycle management technology. The acquisition of Health iPASS allows Sphere to further its capability within healthcare and wellness,
buyer: SphereCommerce, LLC
Sphere is a software and financial technology company providing integrated solutions that reduce friction and facilitate better and more secure commercial interactions with customers in primarily healthcare and non-profit. "
 target: HealthiPASS Inc
Health iPASS is an innovative provider of cloud-based patient engagement software and revenue cycle management technology. Health iPASS’s solutions enhance provider revenue collections and deliver a streamlined healthcare consumer experience from appointment to final payment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/16/2020 via BNC Analysis

Carasent, acquired Avans Soma

See 1230 Comparable Transactions
synopsis: Carasent ASA, an investment management company in Norway, has acquired Avans Soma AS from Rieber & Søn, a family-owned Norwegian investment company. Avans Soma is a Norwegian company that develops digital solutions for healthcare, rehabilitation and mental illness. They offer cloud-based health records systems and patient follow-up solutions.
buyer: Carasent (OB:CARA:$7.42)
Carasent is an investment management company in Norway that focuses on businesses that develop entrepreneurial and e-health solutions. Carasent's strategy is to continue to develop and expand digitalization that helps customers to meet challenges in providing efficient health care services. "
 target parent: Rieber & Søn
target: Avans Soma
Avans Soma is a Norwegian company that develops digital systems and tools for healthcare, rehabilitation and mental illness. Avans Soma offers a cloud-based modular health records system. They also offer a patient follow-up solution with built-in CRM functions.
price ($mm)[EV]
$14 [$14]
rev ($mm)
$3
EBITDA ($mm)
$1
EV / rev
5.2x
EV / EBITDA
20.8x
announced 9/28/2020 via GlobeNewswire

CloudMD Software & Services Inc., will acquire Benchmark Systems

See 1483 Comparable Transactions
synopsis: CloudMD Software & Services Inc., a Canadian telehealth company, will acquire an 87.5% stake in Benchmark Systems from AntWorks, a global AI and intelligent automation company. Benchmark Systems is a provider of healthcare solutions. They offer cloud-based solutions for revenue management, practice management and electronic records management.
buyer: CloudMD Software & Services Inc. (CNSX:PHGI:$9.01)
CloudMD offers SaaS based health technology solutions to medical clinics across Canada. The Company has developed proprietary technology to deliver quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). "
 target parent: Antworks
target: Benchmark Systems
Benchmark Systems is a leading cloud-based provider of fully integrated solutions that automate healthcare workflow processes. Benchmark Systems offers a suite of solutions for revenue management, practice management and electronic records management.
price ($mm)
$4.38*
rev ($mm)
$5
EBITDA ($mm)
$1
EV / rev
1.0x
EV / EBITDA
9.8x
announced 8/13/2020 via PR Newswire

Waystar, will acquire eSolutions, Inc.

See 465 Comparable Transactions
synopsis: Waystar, a leading provider of healthcare payments software, announced a definitive agreement to acquire eSolutions, a revenue cycle technology company with unique Medicare-specific solutions.
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: eSolutions, Inc.
eSolutions is a healthcare technology company working to strengthen providers’ revenue health so they can focus on their patients. eSolutions focuses on eligibility, claims, data & analytics, audits & denials, and quality & compliance to save providers time and money.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/11/2020 via GlobeNewswire

Health Catalyst, will acquire VitalWare

See 1283 Comparable Transactions
synopsis: Health Catalyst, Inc., a leading provider of data and analytics technology and services to healthcare organizations, announced that it has entered into a definitive agreement to acquire Vitalware, LLC, a Yakima, Washington-based provider of revenue workflow optimization and analytics SaaS technology solutions to healthcare organizations.
buyer: Health Catalyst (HCAT:$171.30)
Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations. The company's customers leverage the cloud-based analytics software data platform to make data-informed decisions and realize measurable clinical, financial, and operational improvements."
 target: VitalWare
Vitalware is the leading mid-cycle revenue SaaS solutions provider, specializing in Health-IT applications aimed at making the business of healthcare easier through its intuitive cloud-based technologies and regulatory content expertise.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/26/2020 via Company Press Release

Smith & Nephew, Inc., acquired MiJourney, LLC

See 1230 Comparable Transactions
synopsis: Smith+Nephew, the global medical technology business, has acquired MiJourney, a patient management software company based in Pittsburgh, US, that enables coordination across the entire episode of care by administrators, physicians, and patients.
buyer: Smith & Nephew, Inc. (LSE:SN:$5,138.00)
Smith+Nephew is a portfolio medical technology business that exists to restore people’s bodies and their self-belief by using technology to take the limits off living. They own three global franchises of Orthopaedics, Advanced Wound Management and Sports Medicine & ENT (ear, nose, throat). "
 target: MiJourney, LLC
MiJourney is a patient management software company based in Pittsburgh, US, that enables coordination across the entire episode of care by administrators, physicians, and patients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/22/2020 via GlobeNewswire

Medical Transcription Billing, Corp., acquired CareCloud Corporation

See 1483 Comparable Transactions
synopsis: MTBC, Inc., a leading provider of cloud-based healthcare IT and revenue cycle management solutions, announced the closing of its acquisition of CareCloud, which provides its proprietary, award-winning, enterprise cloud platform and business solutions to more than 7,000 healthcare providers nationwide.
buyer: Medical Transcription Billing, Corp. (MTBC:$65.19)
MTBC is a healthcare information technology company that provides a fully integrated suite of proprietary cloud-based solutions, together with related business services, to healthcare providers and hospitals throughout the United States. "
 target: CareCloud Corporation
Founded in 2009 as a practice management software company, CareCloud subsequently evolved to serve the full spectrum of practice workflows, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), and patient experience management (PXM).
price ($mm)
$37
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/8/2020 via BNC Analysis

Health Grades, Inc., acquired eVariant LLC

See 429 Comparable Transactions
synopsis: Healthgrades, the leading resource that connects consumers, physicians and health systems, announced it has acquired Evariant, a leading healthcare consumer and physician engagement company. The Evariant Patients for Life Platform™ delivers actionable intelligence that enables healthcare providers to find and guide patients for life.
buyer parent: Vestar Capital Partners
buyer: Health Grades, Inc. (HGRD:$58.17)
Healthgrades is the leading online resource for comprehensive information about physicians and hospitals. People use Healthgrades websites to search, compare and connect with hospitals and physicians. "
 target: eVariant LLC
Evariant, the healthcare consumer and physician engagement company, enables providers to optimize growth through smarter patient acquisition and retention. The Evariant Patients for Life Platform™ delivers actionable intelligence that enables healthcare providers to find and guide patients for life.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/6/2019 via BNC Analysis

OptimizeRx, will acquire RMDY Health

See 515 Comparable Transactions
synopsis: OptimizeRx, a software company that enables digital health messaging between pharmaceutical companies and providers, will acquire RMDY Health, a leading provider of digital therapeutics solutions. RMDY helps healthcare stakeholders digitize their clinical and wellness programs to connect with patients and improve outcomes.
buyer: OptimizeRx (OPRX:$24.21)
OptimizeRx is one of the nation’s leading providers of digital health messaging via electronic health records, providing a direct channel for pharma companies to communicate with healthcare providers. "
 target: RMDY Health
RMDY Health is a leading provider of digital therapeutics solutions for the health and wellness industries. RMDY helps healthcare stakeholders digitize their clinical and wellness programs to connect with patients, drive behavior change and improve outcomes.
price ($mm)
$16
rev ($mm)
$3
EBITDA ($mm)
EV / rev
6.3x
EV / EBITDA
closed 9/12/2019 via BNC Analysis

New Mountain Capital, LLC, acquired Ontario Systems, LLC

See 503 Comparable Transactions
synopsis: Ontario Systems has been acquired by New Mountain Capital, a New York-based investment firm. Ontario Systems is a leading provider of enterprise software that automates operations and accelerates revenue recovery for clients in the healthcare, accounts receivable management (ARM), and government markets.
buyer: New Mountain Capital, LLC
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. They currently manages private equity, public equity, & credit funds with approximately $20 billion in aggregate capital commitments."
 target parent: Arlington Capital Partners
target: Ontario Systems, LLC
Ontario Systems is a leading provider of enterprise software designed to improve operations and revenue recovery for clients in the healthcare industry and the accounts receivable management (ARM) market as well as federal, state, and local governments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/11/2019 via BusinessWire

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

See 1250 Comparable Transactions
synopsis: athenahealth, Inc., a leading provider of network-enabled services for hospital and ambulatory customers nationwide, announced that it has completed its previously announced sale to an affiliate of Veritas Capital and Evergreen Coast Capital.
buyer: Veritas Capital
buyer: Evergreen Coast Capital
Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services, primarily technology and technology-enabled solutions. Elliott Management Corporation's Evergreen Coast Capital is a private equity firm which focuses on technology investing. "
 target: athenahealth, Inc. (ATHN:$1,311.40)
athenahealth, Inc. is a leading provider of Internet-based business services for physician practices. athenahealth's service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, and automated and live patient communication services.
price ($mm)[EV]
$5,645 [$5,600]
rev ($mm)
$1,311
EBITDA ($mm)
$265
EV / rev
4.3x
EV / EBITDA
21.3x
on offer 5/7/2018 via Wall Street Journal

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

See 1250 Comparable Transactions
synopsis: Elliott Management Corporation, an American investment management firm, is to acquire athenahealth, Inc., a company that provides network-enabled services for healthcare and point-of-care mobile apps to drive clinical and financial results for its hospital and ambulatory clients in the United States.
buyer: Elliott Management Corp.
Elliott Management Corporation is one of the oldest fund managers of its kind under continuous management. As of January 1, 2018, Elliott manages more than $34 billion in assets under management. "
 target: athenahealth, Inc. (ATHN:$1,311.40)
athenahealth, Inc. is a publicly traded American company that provides network-enabled services for healthcare and point-of-care mobile apps to drive clinical and financial results for its hospital and ambulatory clients in the United States.
price ($mm)[EV]
$6,533 [$6,660]*
rev ($mm)
$1,264
EBITDA ($mm)
$212
EV / rev
5.4x
EV / EBITDA
32.2x
closed 1/25/2018 via BusinessWire

Mediware, acquired MedTranDirect, Inc.

See 1226 Comparable Transactions
synopsis: Mediware Information Systems, Inc., a leading supplier of software for healthcare and human service providers and payers, announced it has acquired MEDTranDirect, Inc., a leader in software solutions for healthcare revenue cycle management and an approved network service vendor for Medicare.
buyer parent: TPG Capital
buyer: Mediware
Since 1980, Mediware has provided software solutions to healthcare providers and has since expanded to serve many state and federal agencies. Mediware’s solutions are perfect for high-growth, complex patient care environments that remain underserved by existing vendors. "
 target: MedTranDirect, Inc.
MEDTranDirect, Inc. is a leader in software solutions for healthcare revenue cycle management and an approved network service vendor for Medicare. Established in 1986, MEDTranDirect serves several hundred customers.
price ($mm)
rev ($mm)
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EV / EBITDA
Pages:  

Like OrthoBanc


read more

OrthoBanc

Secure Bill Pay

Ventanex

InstaMed

Heartland Payment Systems

mPay Gateway Inc.

read more

OrthoBanc

Acceptx Financial Solutions, Inc.

read more

OrthoBanc

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Acceptx Financial Solutions, Inc.

Lighthouse 360

Lighthouse Practice Management Group

Renaissance Electronic Services

Hēa

Healthaxis, Inc.

Updox

HealthiPASS Inc

Avans Soma

Benchmark Systems

eSolutions, Inc.

VitalWare

MiJourney, LLC

CareCloud Corporation

eVariant LLC

RMDY Health

Ontario Systems, LLC

athenahealth, Inc.

athenahealth, Inc.

MedTranDirect, Inc.

Pages:  
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Streamline Health
Streamline Health
Streamline Health Solutions, Inc. is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge­. Through their Looking Glass Platform they provide clients with meaningful, intelligent SaaS-based solutions from patient engagement to reimbursement.
year
2019
rev ($mm)
$20.98
EBITDA ($mm)
$1.47
EBIT ($mm)
$0.52
Net Income ($mm)
Employees
105
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Ticker: HNTN.OB
 
 
 
 
 
 
 
 
H-NET.NET, Inc.
H-NET.NET, Inc. is the global leader in providing B2B e-commerce services to the visioncare industry. The company is positioned to become the central hub and provide a one-stop multi-service Internet portal and Internet-based transaction processing services. The company has also expanded into the g
year
2002
rev ($mm)
$1.40
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
0
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Ticker: OTCPK:MJTK
 
 
 
 
 
 
 
 
CannaSys, Inc.
CannaSys, Inc.
CannaSys is a leading technology solutions, marketing and branding company in the regulated cannabis industry. Its products are delivered SaaS to facilitate point-of-purchase transactions, customer relationship marketing solutions and regulated cannabis laboratory information management systems.
year
2017
rev ($mm)
$0.01
EBITDA ($mm)
($1.09)
EBIT ($mm)
($1.07)
Net Income ($mm)
Employees
2
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Ticker: KOSDAQ:A263700
 
 
 
 
 
 
 
 
Carelabs Co., Ltd.
Carelabs Co., Ltd.
Carelabs is a South Korea-based digital beauty and healthcare company. CareLabs provides comprehensive healthcare IT services, including clinic information services, clinic customer management software, and digital marketing solutions.
year
2019
rev ($mm)
$49.51
EBITDA ($mm)
$4.38
EBIT ($mm)
$3.14
Net Income ($mm)
$1.79
Employees
0
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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.
year
2020
rev ($mm)
$1,718.10
EBITDA ($mm)
$70.02
EBIT ($mm)
($3.04)
Net Income ($mm)
Employees
9600
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Ticker: TSXV:PHA
 
 
 
 
 
 
 
 
Premier Health of America Inc.
Premier Health of America Inc.
Premier Health of America is a Canadian Healthtech company that provides a comprehensive range of staffing and outsourced services solutions. Premier Health uses its PSweb platform to lead the healthcare services sector digital transformation to provide patients more accessible care services.
year
2020
rev ($mm)
$10.63
EBITDA ($mm)
$0.91
EBIT ($mm)
$0.83
Net Income ($mm)
Employees
0
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Ticker: ZMD
 
 
 
 
 
 
 
 
ZoomMed Inc.
ZoomMed Inc.
Zoommed Inc. develops and markets various computer applications for healthcare professionals in Canada. The company builds and operates the ZoomMed Communication Network, a clinical interoperable information exchange network between physicians and various other stakeholders of the healthcare sector.
year
2014
rev ($mm)
$6.08
EBITDA ($mm)
$2.65
EBIT ($mm)
$2.78
Net Income ($mm)
Employees
40
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Ticker: VEEV
 
 
 
 
 
 
 
 
Veeva Systems
Veeva Systems
Veeva Systems is a leader in cloud-based software for the global life sciences industry. Committed to innovation, product excellence and customer success, Veeva has over 300 customers, ranging from the world’s largest pharmaceutical companies to emerging biotechs.
year
2019
rev ($mm)
$968.71
EBITDA ($mm)
$289.09
EBIT ($mm)
$271.12
Net Income ($mm)
$287.93
Employees
2553
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Ticker: MODN
 
 
 
 
 
 
 
 
Model N, Inc.
Model N, Inc.
Model N is the pioneer and leading provider of Revenue Management cloud solutions for the Life Sciences and High Technology industries. Model N helps its customers maximize their revenues by maximizing sell time, revenues per opportunity and number of opportunities.
year
2016
rev ($mm)
$106.97
EBITDA ($mm)
($26.81)
EBIT ($mm)
($32.74)
Net Income ($mm)
Employees
814
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Ticker: TSXV:NGH
 
 
 
 
 
 
 
 
Nightingale Informatix Corporation
Nightingale Informatix Corporation
For more than a decade, Nightingale has been delivering innovative cloud-based Electronic Health Record and Practice Management solutions to healthcare organizations across the United States and Canada. They create software that is truly intuitive—minimizing training and maximizing adoption.
year
2015
rev ($mm)
$9.64
EBITDA ($mm)
($1.47)
EBIT ($mm)
($2.00)
Net Income ($mm)
$1.47
Employees
120
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Ticker: ASX:CGL
 
 
 
 
 
 
 
 
Citadel Group Limited
Citadel Group Limited
Citadel is a leading Australian technology and software company that specialise in secure enterprise information management in complex environments. Citadel provides secure information to support real-time decisions across the Health, National Security and Defence industries.
year
2019
rev ($mm)
$73.75
EBITDA ($mm)
$10.86
EBIT ($mm)
$8.04
Net Income ($mm)
$4.10
Employees
180
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Ticker: QSII
 
 
 
 
 
 
 
 
Quality Systems, Inc.
Quality Systems, Inc.
Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices.
year
2015
rev ($mm)
$499.35
EBITDA ($mm)
$57.19
EBIT ($mm)
$44.23
Net Income ($mm)
$32.10
Employees
2927
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Ticker: QHR
 
 
 
 
 
 
 
 
QHR Technologies Inc.
QHR Technologies Inc.
QHR is a leader in Healthcare Technology, empowering providers and connecting patients. With an 11-year track record offering what is now the single leading Electronic Medical Records in Canada, QHR has a suite of complementary offerings that empower health professionals.
year
2016
rev ($mm)
$23.60
EBITDA ($mm)
$2.08
EBIT ($mm)
$0.83
Net Income ($mm)
$0.09
Employees
200
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