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Like RWF, LLC

announced 11/5/2009 via PR Newswire

Wound Management Technologies, Inc., will acquire Medical Office Software, Inc.

synopsis: Wound Management Technologies, Inc. (WNDM), announced that it has entered into a Letter of Intent to purchase all healthcare-related assets of Virtual Health Technologies, Inc. WNDM will be acquiring Medical Office Software, Inc. (MOS), Secure eHealth, LLC, and the Veriscrip technology from Virtual Health Technologies, Inc.
buyer: Wound Management Technologies, Inc.
Wound Management Technologies, Inc. (WNDM) is a rapidly growing provider of first-in-class specialty medical products and advanced biotechnology solutions dedicated to creating and commercializing cell and drug therapies to treat diabetes and other chronic diseases.
target parent: VirtualHealth Technologies, Inc.
target: Medical Office Software, Inc.
MOS is an eighteen-year-old corporation providing medical industry software solutions to more than 3000 Physicians primarily in the South Florida Region. The Company's flagship Administrator product is a Medical Practice Management Software Package.
price ($mm)
$5.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/28/2008 via PR Newswire

Johnson & Johnson, acquired HealthMedia, Inc.

synopsis: As an initial step in the creation of a wellness and prevention business platform, Johnson & Johnson announced today it has acquired HealthMedia, Inc., a privately held company located in Ann Arbor, Michigan, that creates web-based behavior change interventions.
buyer: Johnson & Johnson(JNJ:$61,587.00)
Johnson & Johnson embraces research and science - bringing innovative ideas, products and services to advance the health and well-being of people. Johnson & Johnson companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.
target parent: Chrysalis Ventures
target: HealthMedia, Inc.
HealthMedia combines advanced technology and behavioral science to effectively emulate a health coach via the web. HealthMedia's suite of interventions provides automated web-based coaching for wellness, disease management, behavioral health, and medication adherence.
price ($mm)
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EBITDA ($mm)
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announced 4/28/2008 via PR Newswire

Affiliated Computer Services, Inc., will acquire CompIQ Corporation

synopsis: Affiliated Computer Services, Inc. announced an agreement to acquire CompIQ Corporation (CompIQ), an Irvine, California-based provider of workers' compensation claims review, re-pricing and software solutions for $22 million, plus contingent payments based on future financial performance.
buyer: Affiliated Computer Services, Inc.
Affiliated Computer Services, Inc., a global FORTUNE 500 company with 74,000 people supporting client operations reaching 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients.
target: CompIQ Corporation
CompIQ has become the premier national provider of medical bill review software and services to the workers' compensation, group health and liability insurance industry. It developed the first paperless workflow for medical bill review, incorporating an innovative web-based tool.
price($mm)[EV]
$22 [$26]
rev ($mm)
$17
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 4/1/2008 via BusinessWire

McKesson Corporation, acquired Rosebud Solutions

synopsis: McKesson Corporation has acquired Rosebud Solutions, LLC, a provider of software solutions to track and manage instruments, endoscopes and tissue implants for surgical services, as well as medical crash carts and mobile equipment.
buyer: McKesson Corporation(MCK:$122,734.00)
McKesson Corporation, is a healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes, and improving the quality and safety of patient care.
target: Rosebud Solutions
Rosebud Solutions designs, develops, markets and supports a suite of four workflow process improvement software programs. Our sole and uncompromised mission is software solutions that empower hospital management and staff with information to improve workflow processes.
price ($mm)
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closed 4/21/2008 via

Bottomline Technologies, acquired Optio Software, Inc.

synopsis: Bottomline Technologies, a leading provider of collaborative payment, invoice and document automation solutions, announced it has entered into an agreement to acquire Optio Software, a provider of technology solutions for improving the efficiency of document-intensive processes.
buyer: Bottomline Technologies(EPAY:$224.28)
Bottomline Technologies is a leading global technology provider of Financial Resource Management software. Our comprehensive Suite of FRM offerings enable businesses and financial institutions to more effectively manage their critical financial transactions.
target: Optio Software, Inc.(OPTO:$28.68)
Optio Software with more than 5,500 clients, worldwide, provides software solutions dedicated to automating, managing and controlling the entire lifecycle of document-intensive processes, while extending the value of their Enterprise Resource Planning (ERP) and Hospital Information Systems.
price($mm)[EV]
$41 [$32]
rev ($mm)
$27
EBITDA ($mm)
EV / rev
1.4x
EV / EBITDA
closed 9/23/2007 via BusinessWire

QuadraMed Corporation, purchased Computerized Patient Record assets from Misys Healthcare Systems

synopsis: QuadraMed® Corporation completed its acquisition of the Misys Computerized Patient Record assets of Misys Healthcare, a division of Misys plc at the previously announced purchase price of $33 million in cash.
buyer: QuadraMed Corporation(QDHC:$145.26)
QuadraMed is a leading provider of innovative healthcare technologies that streamline processes, ensure compliance, help healthcare professionals deliver quality patient care, and turn quality care into positive financial outcomes.
seller parent: Misys plc
seller: Misys Healthcare Systems
Misys Healthcare Systems, one of the top five healthcare IT companies in North America, develops and supports reliable, easy-to-use software and services of exceptional quality that enable physicians and caregivers to more easily manage the complexities of healthcare.
price ($mm)
$33
rev ($mm)
$28
EBITDA ($mm)
EV / rev
1.2x
EV / EBITDA
closed 6/20/2007 via PR Newswire

Connextions, acquired bConnected Software, Inc.

synopsis: Connextions, Inc. has acquired bConnected Software, Inc., a leading provider of technology solutions for the healthcare industry. bConnected will continue to operate from its current location near Boulder, Colorado as a wholly-owned subsidiary of Connextions.
buyer parent:New Mountain Capital, LLC
buyer: Connextions
Founded in 1992, Connextions and Connextions Health's 1,800 professionals provide technology-based business solutions for a long list of America's best- known corporate and healthcare organizations. The company is a leader in the emerging field of Consumer Driven Healthcare (CDH).
target: bConnected Software, Inc.
Founded in 2000, Colorado-based bConnected Software is a technology development boutique that caters to the needs of large healthcare organizations, serving the needs of plans and providers, including HealthSouth, Rotech Healthcare and Poudre Valley Health Systems.
price ($mm)
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closed 5/16/2007 via

IBA Health Group Limited, acquired iSOFT Group plc

synopsis: ISoft has agreed to be taken over by IBA Health, the Australian software group, in a £233 million deal to create the biggest healthcare IT company outside America.
buyer: IBA Health Group Limited
iSOFT is one of the world’s largest providers of healthcare IT solutions. iSoft designs, builds and delivers industry-leading software systems that serve the entire health sector.
target: iSOFT Group plc
iSOFT produces healthcare software solutions, and the company is a world leader in its field. Our products are used by more than 8,000 organisations in 27 countries for managing patient information and driving improvements in healthcare services.
price($mm)[EV]
$257 [$396]
rev ($mm)
$407
EBITDA ($mm)
$32
EV / rev
0.9x
EV / EBITDA
11.3x
closed 4/23/2007 via PR Newswire

Netsmart Technologies, Inc., purchased behavioral health assets from MainTree Systems

synopsis: Netsmart Technologies, Inc., a leading provider of enterprise-wide software and services for health and human services organizations, today announced that it has acquired the behavioral health assets of MainTree Systems. Terms of the agreement were not disclosed.
buyer parent:Bessemer Venture Partners
buyer: Netsmart Technologies, Inc.(:$59.05)
Netsmart Technologies, Inc. is an established, leading supplier of enterprise-wide software solutions for health and human services providers. More than 18,000 customers use Netsmart products to help improve the quality of life for more than 20 million people each year.
seller: MainTree Systems
MainTree Systems is a privately owned Internet and software development company based in Johnson City, TN. We are currently developing several products and services to help people in the Information Age. We are also doing web projects for several different companies.
price ($mm)
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closed 1/31/2007 via PR Newswire

Haemonetics Corporation, acquired Information Data Management, Inc.

synopsis: Haemonetics Corporation, a leader in blood collection technology, acquired the assets of Information Data Management, Inc., a leading developer of software for blood collection agencies for about $9 million in cash.
buyer: Haemonetics Corporation(HAE:$676.69)
Haemonetics is a global healthcare company dedicated to providing innovative blood management solutions for our customers. Our technologies address important medical markets: blood and plasma component collection, the surgical suite, and hospital transfusion services.
target: Information Data Management, Inc.
Blood establishments throughout the world depend on developed software. IDM’s knowledge-based insight coupled with their creative vision allows them to continually produce advanced solutions.. Its products aid customers in donor management and recruitment and blood component management.
price ($mm)
$9.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/8/2007 via

TietoEnator Corporation, acquired Provisio AB

synopsis: TietoEnator has acquired the entire share capital in the Swedish healthcare IT provider Provisio AB. The company specialises in operating room information systems and has seven employees located in Lund. The agreement will see TietoEnator broadens its product portfolio for the healthcare market and takes the leading position in the field in Sweden.
buyer: TietoEnator Corporation
TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy.
target: Provisio AB
Provisio AB develops and supplies IT solutions to health- and medical care. Our products shall be easy to use and have a high grade of usability and a low Total Cost of Ownership. We are specialized in IT systems for scheduling and follow-up of the medical cares resources.
price ($mm)
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closed 10/10/2006 via PR Newswire

VirtualHealth Technologies, Inc., acquired Medical Office Software, Inc.

synopsis: VirtualHealth Technologies, Inc. announced that VirtualHealth Technologies has completed the acquisition of the controlling interest of Medical Office Software, Inc. from NewMarket Technology, Inc., that was announced on September 21, 2006. VirtualHealth, through its subsidiary MB Holding Corporation, now owns 100% of MOS.
buyer: VirtualHealth Technologies, Inc.
VirtualHealth Technologies, Inc. is committed to being the leader in the development and distribution of next generation solutions that connect healthcare providers to the rest of their community securely and efficiently.
target parent: NewMarket Technology Inc.
target: Medical Office Software, Inc.
MOS is an eighteen-year-old corporation providing medical industry software solutions to more than 3000 Physicians primarily in the South Florida Region. The Company's flagship Administrator product is a Medical Practice Management Software Package.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 9/20/2006 via BusinessWire

Vimo, acquired Cordova Advisors, LLC

synopsis: Healthia announced that it changed its name to Vimo and acquired privately held Cordova Advisors, LLC. Additionally, the company launched MyVimo, a suite of personalization features for healthcare shopping. All Vimo services are offered to healthcare consumers free of charge.
buyer parent:Trinity Ventures
buyer: Vimo
Vimo (formerly Healthia) provides integrated comparison-shopping information to give consumers more control over their healthcare choices and spending.
target: Cordova Advisors, LLC
Cordova Advisors, LLC provides technology and services that illustrate the value of Health Savings Accounts (HSAs). HSASimulator is a web-based application that provides a picture of what the HSA funding approach can look like on a company-wide basis over time.
price ($mm)
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closed 9/14/2006 via PR Newswire

The Sage Group plc., acquired Emdeon Practice Services

synopsis: Emdeon Corporation has completed the sale of its Emdeon Practice Services segment to Sage Software, Inc., a wholly owned subsidiary of The Sage Group. Emdeon Practice Services will continue its relationship with WebMD and will exclusively integrate WebMD's personal health record with its clinical products, including its electronic medical record.
buyer: The Sage Group plc.(SGGEF:$1,340.20)
The Sage Group plc is a leading international supplier of accounting and business management software solutions and related products and services for small to medium-sized enterprises. Sage was floated on the London Stock Exchange in 1989 and the Group now employs over 10,000 people worldwide.
target parent: HLTH Corporation
target: Emdeon Practice Services
Emdeon Practice Services has been helping medical practices automate their operations and navigate the challenging waters of clinical and practice management workflow for nearly 25 years.
price ($mm)
$565
rev ($mm)
$306
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
closed 7/11/2006 via PR Newswire

Abovehealth merged with Healthation LLC,

synopsis: Healthation announced the completion of a merger with Abovehealth, a healthcare information technology company offering comprehensive HIPAA-compliant Web portal and electronic business transaction solutions.
buyer: Healthation LLC
Healthation is a healthcare technology company helping payers and administrators improve business performance with user-driven benefits management and transaction processing solutions. Healthation's goal is to accelerate a retail transform in healthcare a with a real-time, open exchange platform.
target: Abovehealth
Abovehealth, a healthcare information technology company offering comprehensive HIPAA-compliant Web portal and electronic business transaction solutions. Abovehealth is a private corporation with headquarters in San Diego, CA.
price ($mm)
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closed 7/11/2006 via PR Newswire

MediConnect.net, Inc., acquired ZEROP Medical

synopsis: MediConnect Inc., a leading online medical record retrieval company for the U.S. legal and insurance industries, announced that it has successfully completed the strategic acquisition of ZEROP Medical. Terms of the agreement are proprietary.
buyer: MediConnect.net, Inc.
MediConnect's online RapidRetrieve system and patented processes provide medical records for consumers and to the health/life insurance and legal industries quickly over the Internet in a secure and efficient manner.
target: ZEROP Medical
Zerop is an online medical record retrieval company. Requests for records are managed making the task of obtaining records a whole lot simpler by providing an online account for you to place your requests, track them as we represent your firm in requesting and continually following up.
price ($mm)
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closed 3/3/2006 via BusinessWire

Allscripts Healthcare Solutions, acquired A4 Health Systems

synopsis: Allscripts, the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare, announced today the completion of its acquisition of A4 Health Systems (A4) for approximately $215 million in cash and 3.5 million shares of Allscripts common stock and an additional working capital payment.
buyer: Allscripts Healthcare Solutions(MDRX:$1,444.10)
Allscripts is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The company's unique solutions inform, connect and transform healthcare, delivering improved care at lower cost.
target: A4 Health Systems
A4 Health Systems® is dedicated to promoting community-based healthcare through the delivery of Electronic Medical Record solutions for consolidated clinical, financial, and administrative patient information management.
price ($mm)
$273
rev ($mm)
$75
EBITDA ($mm)
$16
EV / rev
3.6x
EV / EBITDA
17.6x
closed 1/9/2006 via PR Newswire

Medsphere Systems Corporation, acquired Clinical Informatics Associates Incorporated

synopsis: Medsphere Systems Corporation, the leading commercial provider of Open Source information technology for the healthcare industry, today announced the acquisition of Clinical Informatics Associates Incorporated (CIAI).
buyer: Medsphere Systems Corporation
Medsphere Systems Corporation provides software and professional service solutions to help its customers achieve improved patient safety, clinical efficiency and healthcare quality.
target: Clinical Informatics Associates Incorporated
Based in Indianapolis, Indiana, CIAI is a provider of modular VistA(R)-based EHR software solutions to its established base of customers within the ambulatory and acute care markets.
price ($mm)
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closed 1/4/2006 via PR Newswire

Francisco Partners, acquired Lynx Medical Systems, Inc.

synopsis: LYNX Medical Systems, a leading provider of integrated healthcare documentation and revenue management solutions, today announced that it had been acquired by Francisco Partners. This is the first acquisition in the healthcare arena for Francisco Partners, a leading technology-focused private equity firm based in Menlo Park, California.
buyer: Francisco Partners
Francisco Partners is one of the world's largest technology-focused private equity funds. The firm was founded to pursue structured investments in technology companies at strategic, technological, and operational inflection points.
target: Lynx Medical Systems, Inc.
LYNX Medical Systems drives value in emergency medicine through industry leading content, software tools and services that advance revenue and profitability, while ensuring compliance and consistency. LYNX solutions help hospitals improve ED clinical documentation and reduce compliance risk.
price ($mm)
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closed 12/29/2005 via BNC Analysis

TietoEnator Corporation, acquired Waldbrenner AG

synopsis: TietoEnator has acquired the entire share capital in the German healthcare IT provider Waldbrenner AG. The company specialises in patient administration and clinical documentation systems, and has 30 employees located in Mannheim.
buyer: TietoEnator Corporation
TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy.
target: Waldbrenner AG
Waldbrenner's offering is based on its KISSMED software portfolio for patient administration and clinical documentation. The company has 60 hospitals as customers, mainly in Germany, with several references also in Luxembourg.
price ($mm)
rev ($mm)
$4
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
*Price paid does not equal Enterprise Value as the buyer aqcuired less than 100% of target
closed 11/4/2010 via PR Newswire

Medicalis, acquired RWF, LLC

synopsis: Medicalis, a developer of radiology workflow solutions, announced that it acquired RadWorkFlow from RWF, LLC, a joint venture between Inland Imaging and Providence Health Care. The integrated solution combines the RadWorkFlow system with Medicalis' federated productivity and quality platform to enable distributed multi-PACS environments.
buyer parent:HLM Venture Partners
buyer: Medicalis
Medicalis is a developer of radiology workflow solutions for the next generation in productivity, utilization and quality. Medicalis' Collaborative Workflow Solutions uses evidence-based knowledge to enhance productivity and optimize utilization to ensure high-quality, cost-effective healthcare.
target parent: Inland Imaging Inc.
target: RWF, LLC
RadWorkFlow was developed by people who understand the problems that radiologist face. The RadWorkFlow system has proven to increase service productivity by up to 14 percent compared to traditional federated solutions.
price ($mm)
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EV / EBITDA
closed 11/4/2010 via PR Newswire

Medicalis, acquired RWF, LLC

synopsis: Medicalis, a developer of radiology workflow solutions, announced that it acquired RadWorkFlow from RWF, LLC, a joint venture between Inland Imaging and Providence Health Care. The integrated solution combines the RadWorkFlow system with Medicalis' federated productivity and quality platform to enable distributed multi-PACS environments.
buyer parent:HLM Venture Partners
buyer: Medicalis
Medicalis is a developer of radiology workflow solutions for the next generation in productivity, utilization and quality. Medicalis' Collaborative Workflow Solutions uses evidence-based knowledge to enhance productivity and optimize utilization to ensure high-quality, cost-effective healthcare.
target parent: Inland Imaging Inc.
target: RWF, LLC
RadWorkFlow was developed by people who understand the problems that radiologist face. The RadWorkFlow system has proven to increase service productivity by up to 14 percent compared to traditional federated solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/4/2010 via PR Newswire

Medicalis, acquired RWF, LLC

synopsis: Medicalis, a developer of radiology workflow solutions, announced that it acquired RadWorkFlow from RWF, LLC, a joint venture between Inland Imaging and Providence Health Care. The integrated solution combines the RadWorkFlow system with Medicalis' federated productivity and quality platform to enable distributed multi-PACS environments.
buyer parent:HLM Venture Partners
buyer: Medicalis
Medicalis is a developer of radiology workflow solutions for the next generation in productivity, utilization and quality. Medicalis' Collaborative Workflow Solutions uses evidence-based knowledge to enhance productivity and optimize utilization to ensure high-quality, cost-effective healthcare.
target parent: Inland Imaging Inc.
target: RWF, LLC
RadWorkFlow was developed by people who understand the problems that radiologist face. The RadWorkFlow system has proven to increase service productivity by up to 14 percent compared to traditional federated solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2006 via

Practice Performance Inc. merged with MedSynergies Inc.,

synopsis: MedSynergies Inc., a leading provider of healthcare revenue cycle services and technology that includes advanced analytics and reporting platforms, has completed a merger with Dallas-based healthcare management and technology company Practice Performance Inc., effective August 31.
buyer: MedSynergies Inc.
Now serving more than 1300 healthcare providers in 23 U.S. states, MedSynergies provides revenue cycle services and integrates leading software programs into the daily operations of healthcare organizations.
target: Practice Performance Inc.
Practice Performance Inc. (PPI) is a healthcare management and technology company dedicated to enhancing the strategic, financial and operating environment of physician clients.
price ($mm)
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closed 10/5/2010 via PR Newswire

Omnicell, Inc., acquired Pandora Data Systems

synopsis: Omnicell, Inc., a leading provider of medication management solutions to acute healthcare facilities, announced the acquisition of Pandora Data Systems, a leading provider of analytical software for medication diversion detection and regulatory compliance.
buyer: Omnicell, Inc.(OMCL:$213.46)
Omnicell, Inc. is a leading provider of systems to enable healthcare facilities to increase operational efficiency, enhance patient safety and allow clinicians to spend more time with their patients.
target: Pandora Data Systems
Pandora Data Systems is a leader in innovation for analytics. Since 1989, Pandora Data Systems has been committed to providing the Healthcare industry with cutting edge technology, actionable data analysis, and first class customer service.
price ($mm)
$6.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/19/2005 via BusinessWire

Patterson Companies, Inc., acquired Intra Corp

synopsis: Patterson Companies, Inc. announced the acquisition of Intra Corp, one of the nation's leading developers of veterinary practice management software that is marketed under the IntraVet brand name.
buyer: Patterson Companies, Inc.(PDCO:$3,237.38)
Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets. As Patterson's largest business, Patterson Dental provides a virtually complete range of consumable dental products, equipment and software.
target: Intra Corp
IntraVet practice management software has been rated consistently as the best overall veterinary software with the strongest customer support by the American Animal Hospital Association (AAHA) Trends Magazine in its annual user-choice software survey.
price ($mm)
rev ($mm)
$5
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 3/3/2011 via Reuters

McKesson Corporation, will acquire System C Healthcare plc

synopsis: U.S. pharmaceutical wholesaler McKesson Corp said it would buy British firm System C Healthcare to expand its product line. System C specialises in providing the health and social care sectors with robust, modern IT solutions, exceptional systems implementation expertise, and practicable, innovative consultancy services.
buyer: McKesson Corporation(MCK:$122,734.00)
McKesson Corporation is a healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes, and improving the quality and safety of patient care.
target: System C Healthcare plc
System C Healthcare specialises in providing the health and social care sectors with robust, modern IT solutions, exceptional systems implementation expertise, and practicable, innovative consultancy services.
price($mm)[EV]
$132 [$105]
rev ($mm)
$54
EBITDA ($mm)
$7
EV / rev
1.9x
EV / EBITDA
15.7x
closed 8/23/2010 via Company Press Release

Picis, Inc. merged with Ingenix, Inc.,

synopsis: Ingenix has completed its acquisition of Picis. This acquisition combines “health intelligence” provided by Ingenix with the clinical workflow solutions of Picis to increase efficiency and help optimize delivery of services in high acuity care areas of hospitals, which includes emergency departments
buyer parent:UnitedHealth Group
buyer: Ingenix, Inc.
Ingenix transforms organizations and improves health care through information and technology. Organizations rely on its innovative products, services and consulting to improve the delivery and operations of their business.
target: Picis, Inc.
Picis is a global provider of innovative information solutions that enable rapid and sustained delivery of clinical, financial and operational results in the high-acuity care areas of the hospital.
price ($mm)
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closed 11/5/2007 via BusinessWire

Patterson Companies, Inc., acquired Advanced Practice Systems

synopsis: Patterson Companies, Inc. announced the acquisition of Advanced Practice Systems (known in the marketplace as PTOS Software), the developer and marketer of the industry-leading practice management software for physical therapists.
buyer: Patterson Companies, Inc.(PDCO:$3,237.38)
Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets. As Patterson's largest business, Patterson Dental provides a virtually complete range of consumable dental products, equipment and software.
target: Advanced Practice Systems
Most physical therapy practices in the United States choose PTOS as their software management system. PTOS’s customers range from single proprietorships to large corporations with hundreds of clinics. PTOS is present at all or most of the American Physical Therapy Association national conferences.
price ($mm)
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closed 7/24/2007 via Company Press Release

Goldman Sachs & Co., purchased a minority stake in Picis, Inc.

synopsis: Picis, the leading global provider of software that automates the high-acuity areas of hospitals, announced today that it has signed an agreement with Goldman, Sachs & Co. for a private placement comprised of convertible preferred stock and senior debt to assist in funding the acquisition of LYNX Medical Systems.
buyer: Goldman Sachs & Co.(GS:$41,664.00)
Goldman Sachs is one of the oldest and largest investment banking firms. Goldman Sachs is also a global leader in private corporate equity and mezzanine investing. Goldman Sachs' Principal Investment Area has formed 12 investment vehicles aggregating $35 billion of capital to date.
target: Picis, Inc.
Picis is the leading global provider of innovative healthcare information technology solutions designed to transform the delivery of patient care information in the high-acuity areas of the hospital, including the emergency department, operating and recovery rooms and intensive care units.
price ($mm)
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announced 7/16/2007 via BusinessWire

McKesson Corporation, will acquire Awarix, Inc.

synopsis: McKesson Corporation signed a definitive agreement to acquire Awarix, Inc., one of the first companies to offer an enterprise patient care visibility system. The Awarix solution is designed to drive a high-quality, efficient experience for each patient while providing real-time feedback to the care team for better management of capacity.
buyer: McKesson Corporation(MCK:$122,734.00)
McKesson Corporation, is a healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes, and improving the quality and safety of patient care.
target: Awarix, Inc.
Awarix is the leading enterprise patient care visibility system, a new category of health care technology that provides hospitals a communication platform that reliably delivers accurate, real-time information to all participants in the patient care process.
price ($mm)
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closed 12/15/2006 via BusinessWire

3M Health Information Systems, acquired SoftMed Systems, Inc.

synopsis: 3M announced today it has completed the merger of its Health Information Systems division with SoftMed Systems Inc., a provider of health information management software and services that improve workflow and efficiency for health care organizations.
buyer parent:3M
buyer: 3M Health Information Systems
A division of 3M Corporation, 3M Health Information Systems, is a leading provider of advanced software tools and services that help healthcare organizations capture, classify, and manage accurate healthcare data.
target: SoftMed Systems, Inc.
SoftMed Systems Inc. is the focused expert in delivering top-ranked health care information solutions. SoftMed Systems enables health care providers to enhance their operations, shorten their revenue cycle, improve patient care and achieve an electronic health record solution.
price ($mm)
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EV / rev
EV / EBITDA
closed 6/7/2006 via PR Newswire

Totalmed Inc, acquired eNotes Systems Inc.

synopsis: TotalMed Inc is pleased to announce that it has acquired the assets of eNotes Systems Inc., a private comprehensive software technology company, delivering a suite of integrated medical management software to physicians and hospitals, which cost effectively assists providers of healthcare services in managing their patient and business affairs.
buyer: Totalmed Inc
Veridigm is a UK based investment company that provides merchant banking services to niche private and specific microcap public companies seeking debt and equity capital and/or to be part of a diversified, equitable, resource sharing, business combination.
target: eNotes Systems Inc.
A private comprehensive software technology company, delivering a suite of integrated medical management software to physicians and hospitals, which cost effectively assists providers of healthcare services in managing their patient and business affairs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/1/2006 via

3M, acquired SBG GmbH

synopsis: 3M Deutschland GmbH in Neuss announced today that it has entered into a definitive agreement to acquire SBG (Software und Beratung im Gesundheitswesen) GmbH, a Berlin-based developer of diagnosis related groups (DRG) software for hospitals, including related trademarks and patents. Terms of the transaction were not disclosed.
buyer: 3M(MMM:$29,611.00)
3M technology platforms are core elements of 3M innovation and springboards to meeting customer needs. In countless combinations, 3M technologies come together as core elements of innovative new products, making them simple to use, yet complex enough to help make the world smarter, healthier, safer.
target: SBG GmbH
SBG develops innovative software solutions for the health care industry in the areas of medical documentation, coding and DRG determination, as well as management. The company's most well-known product is KODIP(R), a coding and grouper software solution for hospitals and funding agencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/9/2012 via BusinessWire

KeyMark, Inc., acquired Encore Imaging Systems (EIS)

synopsis: KeyMark Inc., a South Carolina-based document management solution provider has acquired Oregon-based Encore Imaging Systems. Encore Imaging Systems provides document capture and management solutions to organizations with paper-bound business processes.
buyer: KeyMark, Inc.
KeyMark Inc. is an award-winning document capture, management and workflow systems provider. As a trusted industry source, KeyMark has been providing clients with customized document technology solutions since 1996.
target: Encore Imaging Systems (EIS)
Encore Imaging Systems (EIS), established in 1995, is a value added reseller of document capture, management and forms processing products.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/8/2012 via PR Web

PointClickCare, acquired Accu-Med Services, LLC

synopsis: PointClickCare, the most widely-­used Electronic Health Record (EHR) platform for long­‐term care, has completed its acquisition of Accu-­Med Technology Solutions (Accu-Med Services, LLC), provider of integrated information solutions for healthcare and wellness providers of the elderly and wholly owned subsidiary of Omnicare, Inc.
buyer parent:JMI Equity
buyer: PointClickCare
PointClickCare is a electronic health record (EHR) platform for the long-term care industry. PointClickCare utilizes web-based software to help long-term care providers of all sizes, from small independent homes to large, multi-facility providers, manage the complete lifecycle of resident care.
target parent: Omnicare, Inc.
target: Accu-Med Services, LLC
Accu-Med is the largest provider of software and related services to long term care. It serves more than 5,000 facilities with clinical, financial, therapy, performance measurement and outcomes management systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/6/2012 via BNC Analysis

Primus Capital Funds, acquired Answers On Demand, Inc.

synopsis: Primus has acquired Answers on Demand (AOD). AOD is a developer of targeted application software serving the Long Term Care and Senior Health Care Industries. The AnswersTM software suite was specifically designed for Continuing Care Retirement Communities but also serves a host of other related fields.
buyer: Primus Capital Funds
Primus Capital is a private equity firm that invests in profitable growth companies in the lower middle market. Primus provides expansion capital and leads buyout and minority recapitalization transactions in the healthcare, business services, and for-profit education industries.
target parent: Fortissimo Capital
target: Answers On Demand, Inc.
Answers On Demand is a developer of targeted application software serving the Long Term Care and Senior Health Care Industries. The AnswersTM software suite was specifically designed for Continuing Care Retirement Communities but also serves a host of other related fields.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/31/2007 via PR Newswire

Fortissimo Capital, acquired Answers On Demand, Inc.

synopsis: Magic Software Enterprises Ltd., a leading provider of business integration and application development technology, announced the sale of the entire share capital of Advanced Answers on Demand, a wholly owned subsidiary, to Fortissimo Capital for the sum of $17 million in cash.
buyer: Fortissimo Capital
Fortissimo Capital is a special situations private equity fund investing primarily in public and private technology companies that require a capital infusion to expand their business. Fortissimo Capital executes long term investments.
target parent: Emblaze Ltd.
target: Answers On Demand, Inc.
Answers On Demand is a developer and marketer of special application software serving the Long Term Care and Senior Health Care Industries. Four of the principals of AOD have unique individual records of success in the industry.
price ($mm)
$1.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/1/2007 via BusinessWire

Cerner Corp., will acquire Etreby Computer Company

synopsis: Cerner Corp. announced its intent to acquire Etreby Computer Company, Inc., a leading software provider of retail pharmacy management systems. The acquisition will expand Cerner’s pharmacy systems portfolio, adding innovative solutions and services to serve the independent, supermarket-associated an
buyer: Cerner Corp.(CERN:$2,665.44)
Cerner Corp is a leading supplier of clinical and management information/knowledge systems for healthcare organizations throughout the world. Cerner's mission is to connect the appropriate persons, knowledge, and resources at the appropriate time and location to achieve the optimal health outcome.
target: Etreby Computer Company
Etreby provides software solutions to pharmacy professionals nationwide. Community pharmacists has always relied on Etreby to provide technologically advanced, user-friendly software systems, that efficiently improve workflow, increase profits, and lower operating costs.
price ($mm)
$24
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/4/2004 via BusinessWire

IPVoice Communications Inc., acquired Medical Office Software, Inc.

synopsis: IPVoice Communications, Inc. (OTCBB:IPVO)(www.ipvoice.com) announced today completing the acquisition of a 51% equity interest in Medical Office Software, Inc. (MOS). MOS currently has $3 million in annual sales providing medical industry specific software and technology solutions to 3000 medical professional clients throughout South Florida.
buyer: IPVoice Communications Inc.
NewMarket has combined a traditional systems integration and support services capacity with a specialized asset-based approach to assist its clients with the delicate balance between maintaining legacy systems and gaining a competitive edge from the latest technology innovations.
target: Medical Office Software, Inc.
MOS is an eighteen-year-old corporation providing medical industry software solutions to more than 3000 Physicians primarily in the South Florida Region. The Company's flagship Administrator product is a Medical Practice Management Software Package.
price ($mm)
rev ($mm)
$3
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 6/11/2007 via BusinessWire

Henry Schein, Inc., will acquire Software of Excellence International Ltd

synopsis: Henry Schein, Inc. the largest provider of healthcare products and services to office-based practitioners in the combined North American and European markets, announced its intent to make an offer to acquire Software of Excellence International Ltd., a New Zealand publicly listed company.
buyer: Henry Schein, Inc.(HSIC:$8,530.24)
Henry Schein's four business groups – Dental, Medical, International and Technology – serve more than 500,000 customers worldwide, including dental practitioners and laboratories, physician practices and animal health clinics, as well as government and other institutions.
target: Software of Excellence International Ltd
Software of Excellence Limited delivers innovative clinical and practice management solutions to Dental professionals. We have built a customer base of more than 5000 sites, established offices in the United Kingdom, Australia and New Zealand and secured customers throughout South-East Asia.
price($mm)[EV]
$46 [$43]
rev ($mm)
$16
EBITDA ($mm)
$4
EV / rev
3.6x
EV / EBITDA
15.0x
closed 5/29/2006 via BNC Analysis

Emergis, Inc., acquired Frontline Solutions, Inc.

synopsis: Emergis Inc. said Monday it is buying Toronto-based FrontLine Solutions Inc.'s pharmacy management systems business for about $4-million CAD in cash. The acquisition will allow Emergis to increase its presence in Ontario, the company said in a release.
buyer: Emergis, Inc.
Emergis is a leading North American eBusiness company powering interactions between companies and enabling them to optimize efficiency by conducting business electronically.
target: Frontline Solutions, Inc.
Frontline Solutions Inc. develops pharmacy management systems software that automates the prescription fulfillment process and provide an integrated point-of-service solution for in-store operations.
price ($mm)
$3.60
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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