Like Revenue Cycle Solutions

closed 11/5/2012 via BusinessWire

Conifer Health Solutions, Inc., purchased Revenue Cycle Solutions from Dell, Inc.

See 189 Comparable Transactions
synopsis: Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation and a leader in business process management solutions for healthcare providers, has acquired Dell’s Revenue Cycle Solutions line of business for hospitals and healthcare systems.
buyer parent: Tenet Healthcare Corporation
buyer: Conifer Health Solutions, Inc.
Conifer Health Solutions provides revenue cycle and patient communications services to hospitals and health systems. They utilize proprietary technology to offer comprehensive solutions, from patient pre-registration through the processing of governmental, managed care and self-pay claims. "
 seller: Dell, Inc. (DELL:$94,224.00)
Dell, Inc. designs, develops, manufactures, markets, sells and supports a wide range of products which are customized to individual customer requirements which include mobility products, desktop personal computers, software and peripherals, servers and networking, services and storage.
price ($mm)
rev ($mm)
$85
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 2/2/2020 via Company Press Release

Frazier Healthcare Partners, The Edgewater Funds, acquired MedData, Inc.

See 483 Comparable Transactions
synopsis: The Edgewater Funds and growth capital firm Frazier Healthcare Partners completed the acquisition of revenue cycle management services company MedData from parent company, MEDNAX, Inc. MedData is a national provider of technology-enabled revenue cycle management solutions for hospitals, health systems and healthcare providers.
buyer: The Edgewater Funds
buyer: Frazier Healthcare Partners
The Edgewater Funds is a Chicago-based private equity firm with $2.6 billion in committed capital. Through Edgewater Growth Capital Partners, they partner with management to help accelerate growth in their businesses. Frazier Healthcare Partners is a growth capital firm in the healthcare industry. "
 target parent: MEDNAX, Inc.
target: MedData, Inc.
MedData is a national provider of technology-enabled revenue cycle management solutions for hospitals, health systems and healthcare providers. MedData provides eligibility and enrollment services, complex AR services, patient responsibility services, billing and coding.
price ($mm)
$250
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/14/2019 via GlobeNewswire

Nexteligent Holdings, Inc., acquired Revenue Maximization Group

See 190 Comparable Transactions
synopsis: Nexteligent Holdings, Inc., an aggregator of healthcare professional services and technology firms, has acquired the assets of Revenue Maximization Group (RMG), a national provider of revenue cycle management solutions. RMG also provides denials recovery for hospital systems, doctor groups, clinics, and long term care operators.
buyer: Nexteligent Holdings, Inc. (:$0.00)
Nexteligent Holdings, Inc., formerly Efftec International, Inc, is an aggregator of healthcare services and technology firms serving hospitals, clinics, skilled nursing facilities, and doctor networks with revenue cycle management and telemedicine. "
 target: Revenue Maximization Group
Revenue Maximization Group (RMG) provides end-to-end revenue cycle management services and denials recovery for hospital systems, doctor groups, clinics, and long term care operators. RMG also provides turnkey solutions for preventative care services.
price ($mm)
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closed 10/24/2018 via Company Press Release

Cedar Gate Technologies, acquired Global Healthcare Alliance

See 261 Comparable Transactions
synopsis: Cedar Gate Technologies announced it has acquired Global Healthcare Alliance. Global Healthcare Alliance is a leader in value based healthcare reimbursement programs, providing strategic and sustainable reimbursement programs for health systems, hospitals, providers, employers, and payers.
buyer parent: GTCR, LLC
buyer: Cedar Gate Technologies
Cedar Gate Technologies (CGT) is a value-based care performance management analytic company. CGT provides advisory, administrative, and technology solutions to providers, payers and self-insured employers at risk for the healthcare dollar and transitioning from fee for-service to value-based care. "
 target: Global Healthcare Alliance
Global Healthcare Alliance is a leader in value based healthcare reimbursement programs, providing strategic and sustainable reimbursement programs for health systems, hospitals, providers, employers, and payers.
price ($mm)
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announced 7/29/2013 via BusinessWire

Zotec Partners, will acquire Medical Management Professionals

See 1010 Comparable Transactions
synopsis: Zotec Partners, LLC announced that it has signed a definitive agreement to acquire 100 percent of the stock of Medical Management Professionals, Inc. (MMP). MMP offers leading medical billing and practice management services to hospital-based physicians in the areas of radiology, anesthesiology, emergency medicine and pathology.
buyer: Zotec Partners
Zotec Partners is the industry leader in medical billing, practice management and Radiology Information Systems software and services. Zotec delivers effective solutions through its innovative software, personalized service and measurable client results. "
 target parent: CBIZ, Inc.
target: Medical Management Professionals
Medical Management Professionals, Inc. (MMP) provides comprehensive billing and practice management services to hospital-based physicians across the country. Founded in 1993, MMP has grown steadily to become the leading billing and practice management firm in the industry.
price ($mm)
$202
rev ($mm)
$130
EBITDA ($mm)
EV / rev
1.6x
EV / EBITDA
closed 11/11/2014 via PR Newswire

Syncordia, acquired HealthCare Solutions, Inc.

See 151 Comparable Transactions
synopsis: Syncordia has acquired HSI of Santa Rosa, CA, an emergency medical services revenue cycle management company with cutting edge proprietary technology designed to maximize all aspects of the revenue cycle. Syncordia is focused on investing in, partnering with and growing RCM companies where proprietary technology can be used as an accelerator.
buyer: Syncordia
Syncordia operating in North America and Europe, is focused on investing in, partnering with and growing RCM companies where proprietary technology can be used as an accelerator. "
 target parent: Medical Transcription Billing, Corp.
target: HealthCare Solutions, Inc.
HSI is a technology enhanced claims management company utilizing proprietary technology to improve claim workflow, production management, and actionable data transparency. Since its inception over a decade ago, HSI has demonstrated a consistent level of innovation and growth.
price ($mm)
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closed 8/2/2012 via GlobeNewswire

Medical Transcription Billing, Corp., acquired HealthCare Solutions, Inc.

See 151 Comparable Transactions
synopsis: Medical Transcription Billing, Corp., a leading healthcare IT company serving providers throughout the country, announced that it has acquired HealthCare Solutions, Inc., a Maine-based revenue cycle management company for healthcare providers.
buyer: Medical Transcription Billing, Corp. (MTBC:$65.19)
Founded in 1999 and based in Somerset, New Jersey, Medical Transcription Billing, Corp. provides practice and revenue cycle management services and proprietary software solutions to private physician offices and hospital-employed provider groups throughout the United States. "
 target: HealthCare Solutions, Inc.
HealthCare Solutions, Inc. is a Maine-based revenue cycle management company for heatlhcare providers. HealthCare Solutions, Inc. was founded in 1996.
price ($mm)
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closed 8/19/2020 via BusinessWire

Centauri Health Solutions, acquired HCFS, Inc.

See 171 Comparable Transactions
synopsis: Centauri Health Solutions, an innovative healthcare technology and services company, has acquired all key assets of HCFS, Inc., a Texas-based provider of self-pay management solutions. HCFS enables Centauri to further extend its market leadership in hospital revenue cycle optimization services.
buyer parent: ABRY Partners, LLC
buyer: Centauri Health Solutions
Centauri Health Solutions provides services to payors and providers in government-sponsored healthcare programs, including Medicare Advantage and Medicaid. Centauri improves health outcomes of the members and patients through compassionate outreach, sophisticated analytics and data-driven solutions."
 target: HCFS, Inc.
HCFS is a provider of self-pay management solutions. HCFS specializes in revenue cycle solutions for hospitals and health systems, using advanced technology and an emphasis on patient advocacy to increase process efficiencies and maximize revenue for clients.
price ($mm)
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closed 10/18/2017 via BusinessWire

mCare Solutions, LLC merged with Vaughan Holland Consulting,

See 653 Comparable Transactions
synopsis: Revint Solutions has been created through the merger of mCare Solutions and VHC (Vaughan Holland Consulting). Revint Solutions serves over 450 hospitals and some of the leading healthcare institutions across the United States. mCare Solutions is a leading provider of underpayment and coverage discovery identification and recovery.
buyer: Vaughan Holland Consulting
VHC's trusted revenue management team has helped hundreds of clients recover millions of denied, lost and hidden reimbursement. VHC was named one of the 20 largest revenue cycle consulting firms in 2016 by Modern Healthcare magazine. "
 target: mCare Solutions, LLC
Since 2005, mCare Solutions has analyzed millions of discharges – and recovered more than $200 million in reimbursements. mCare Solutions is a leading provider of underpayment and coverage discovery identification and recovery.
price ($mm)
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closed 7/5/2016 via BusinessWire

MedData, Inc., acquired Cardon Outreach

See 171 Comparable Transactions
synopsis: MEDNAX, Inc. announced that it has completed the previously disclosed acquisition of Cardon Outreach, a leading provider of third-party eligibility and other revenue cycle management services for hospitals, for $400 million
buyer parent: MEDNAX, Inc.
buyer: MedData, Inc.
MedData is one of the nation’s leading providers of technology-enabled enterprise solutions designed to help physicians and hospitals better engage patients throughout the entire healthcare continuum. Their program includes patient access and communications, revenue cycle management and more. "
 target parent: Serent Capital
target: Cardon Outreach
Cardon Outreach provides services and technology solutions focused on helping hospitals and healthcare systems lower costs, reduce operating and capital expenses, recover revenue, and increase productivity.
price ($mm)
$400
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/18/2018 via GlobeNewswire

TransUnion Healthcare, will acquire Healthcare Payment Specialists, Inc.

See 131 Comparable Transactions
synopsis: TransUnion is boosting its healthcare solutions with the purchase of Healthcare Payment Specialists (HPS), a leader in helping healthcare providers optimize Medicare reimbursement. HPS provides technology-enabled solutions for healthcare eligibility, government reimbursement and compliance to hospitals and healthcare systems across the country.
buyer parent: TransUnion LLC
buyer: TransUnion Healthcare
TransUnion Healthcare, a wholly owned subsidiary of credit and information management company TransUnion, is a trusted provider of Healthcare Revenue Protection solutions for maximizing reimbursement, improving patient engagement, and preventing revenue leakage. "
 target parent: Nautic Partners, LLC
target: Healthcare Payment Specialists, Inc.
Healthcare Payment Specialists (HPS) provides technology-enabled solutions for healthcare eligibility, government reimbursement and compliance to hospitals and healthcare systems. HPS delivers solutions on a software-as-a-service basis or through outsourced service engagements.
price ($mm)
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announced 5/22/2012 via PR Web

Cloud Medical Doctor Software Corporation, will acquire Doctor's Network of America Inc.

See 134 Comparable Transactions
synopsis: Cloud Medical Doctor Software Corporation announced that it has signed a Letter of Intent to acquire Doctors Network of America, a leading provider of Physician billing and consulting services to healthcare providers in Mississippi.
buyer: Cloud Medical Doctor Software Corporation
Cloud Medical Doctor Software provides cloud based medical software solution and service, designed by experienced healthcare programmers for healthcare providers. They offer billing management and other services to increase the physician’s profitability and office efficiency. "
 target: Doctor's Network of America Inc.
Doctors Network of America offers nationwide outsourced medical billing services. They specialise in medical billing, computer data management, and medical professional support.
price ($mm)
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closed 10/14/2015 via Company Press Release

Revspring, acquired Healthcare Revenue Strategies, LLC

See 824 Comparable Transactions
synopsis: RevSpring Inc., a leading provider of revenue cycle technology services including data analytics, multi-channel communications and payment solutions, has completed its acquisition of HealthCare Revenue Strategies LLC (HRS). HRS is a recognized leader in revenue cycle consulting, analytics and hosted workflow solutions for healthcare providers.
buyer parent: CIP Capital
buyer: Revspring
RevSpring is a leading provider of revenue cycle technology services offering data analytics, multi-channel customer communications and payment solutions to the healthcare and financial services end markets. Their services enable customers to accelerate cash collections across the revenue cycle. "
 target: Healthcare Revenue Strategies, LLC
Healthcare Revenue Strategies provides revenue cycle assessments and consulting; MEDITECH optimizations; 5010 implementation services; and denial management tools to enable healthcare organizations to effectively manage revenues, claim generation and remittance allowance.
price ($mm)
rev ($mm)
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closed 1/7/2016 via PR Newswire

Rizk Ventures, acquired Workforce Prescriptions (WRx)

See 88 Comparable Transactions
synopsis: Rizk Ventures, a privately-held investment firm that focuses on investment activities, announced it has acquired Workforce Prescriptions, a provider of Software-as-a-Service solutions to the healthcare industry with a focus on assisting hospitals in significantly decreasing costs and improving outcomes without reducing staff.
buyer: Rizk Ventures
Rizk Ventures is a privately-held investment firm based in New York. Rizk Ventures focuses on investment activities in the areas of Venture Capital, Private Equity, Real Estate, and Special Opportunities. "
 target: Workforce Prescriptions (WRx)
Workforce Prescriptions (WRx) is an evidence-based consulting firm that provides assistance to hospitals desiring to: Reduce their cost of labor without reducing staff, Reduce their Length of stay without jeopardizing quality and Improve productivity by designing more efficient work processes.
price ($mm)
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closed 10/29/2020 via BusinessWire

Frazier Healthcare Partners, acquired Accuity Delivery Systems

See 128 Comparable Transactions
synopsis: Frazier Healthcare Partners, a Seattle-based healthcare investment firm, acquired Accuity Delivery Systems, a leading provider of technology-enabled Revenue Integrity and Clinical Documentation Improvement (CDI) services for hospitals and health systems.
buyer: Frazier Healthcare Partners
Frazier Healthcare Partners is a leading middle market private equity firm focused exclusively on healthcare. With more than $4.8 billion total capital raised, Frazier has invested in more than 200 companies. "
 target: Accuity Delivery Systems
Accuity is a leading provider of technology-enabled Revenue Integrity and Clinical Documentation Improvement (CDI) services for hospitals and health systems.
price ($mm)
rev ($mm)
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EV / rev
EV / EBITDA
closed 12/12/2018 via PR Web

ChrysCapital, acquired GeBBS Healthcare Solutions

See 65 Comparable Transactions
synopsis: GeBBS Healthcare Solutions, a leading national provider of Revenue Cycle Management solutions for the healthcare industry, announced that ChrysCapital, a marquee Indian private equity fund with a global technology services footprint, has acquired a majority stake in the company.
buyer: ChrysCapital
ChrysCapital is one of the largest and most successful India-focused private equity firms. They have made over 80 investments and has delivered over 65 exits across a number of sectors including in Business Services, Financial Services, Pharmaceuticals, Healthcare and Consumer. "
 target: GeBBS Healthcare Solutions
GeBBS Healthcare Solutions is a leading technology-enabled provider of revenue cycle management solutions. They help clients improve performance, compliance, and patient satisfaction. Their solutions include Health Info Management, Revenue Management, Patient Access and Risk Adjustment Solutions.
price ($mm)
$140*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/12/2018 via BNC Analysis

Gulf Capital, acquired Accumed Practice Management

See 68 Comparable Transactions
synopsis: Gulf Capital, an alternative asset management company, acquired a controlling stake in healthcare sector-focused technology firm, Accumed Practice Management. Dubai-based AccuMed is the first company to provide outsourced Revenue Cycle Management solutions to the regional healthcare sector, and to establish the Medical Billing industry in the UAE.
buyer: Gulf Capital
Based in the Emirate of Abu Dhabi, the capital of the United Arab Emirates, Gulf Capital is a leading alternative asset management company focusing primarily on late-stage control buy-outs, growth capital, real estate development and private debt business. "
 target: Accumed Practice Management
AccuMed Practice Management is the first company to provide outsourced Revenue Cycle Management solutions to the regional healthcare sector, and to establish the Medical Billing industry in the UAE and the Middle East.
price ($mm)
rev ($mm)
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closed 3/29/2017 via Company Press Release

nThrive, acquired e4e Inc.

See 65 Comparable Transactions
synopsis: nThrive,a provider of patient-to-payment healthcare solutions, advisory expertise, and analytics for health care organizations, has acquired e4e Healthcare Services. e4e is a healthcare services outsourcing company that provides IT-enabled and business process management services.
buyer parent: Pamplona Capital Management LLP
buyer: nThrive (MDAS:$764.22)
nThrive is built on a legacy of excellence. From patient-to-payment, they will provide all the technology, advisory expertise, services, analytics and education programs their clients will need to thrive in the communities they serve. "
 target: e4e Inc.
e4e Inc., a healthcare services outsourcing company, provides IT-enabled and business process management services. The company offers provider solutions; and payer solutions that include claims management and admin, cost avoidance and audit, and medical record solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
announced 10/1/2012 via BusinessWire

McKesson Corporation, will acquire MED3000, Inc.

See 174 Comparable Transactions
synopsis: McKesson and MED3OOO announced they have signed a definitive agreement under which McKesson will acquire MED3OOO, a national healthcare management and technology services company that helps improve outcomes for providers, health plans, employers, and the patients and employees they serve.
buyer: McKesson Corporation (MCK:$214,319.00)
McKesson Corporation is a healthcare services and information technology company dedicated to making the business of healthcare run better. McKesson partners with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care. "
 target parent: Mitsui & Co, Ltd
target: MED3000, Inc.
MED3OOO is a leading provider of healthcare management and technology services that improve outcomes for providers, health plans, and the patients and employees they serve. The company provides a broad array of proprietary solutions for physician groups, hospitals, health systems and others.
price ($mm)
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closed 6/27/2018 via PE Hub

New Capital Partners, acquired Collect Rx, Inc.

See 799 Comparable Transactions
synopsis: New Capital Partners (NCP), a private equity firm, announces that is has acquired Collect Rx, a leading revenue cycle management (RCM) company. The company leverages its Business Intelligence (BI) engine to analyze claims and increase reimbursement for healthcare providers.
buyer: New Capital Partners
New Capital Partners (NCP) is a private equity firm headquartered in Birmingham, Ala. NCP makes investments in niche, tech-enabled services companies in the healthcare, financial and business services industries. "
 target: Collect Rx, Inc.
Collect Rx is a niche RCM (revenue cycle management) provider headquartered in Bethesda, Md. Founded in 2006, the company focuses on providing their services to surgery centers, hospitals, physician-owned practices, laboratory diagnostic facilities and behavioral health centers.
price ($mm)
rev ($mm)
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EV / EBITDA
Pages:  
announced 5/5/2021 via PR Newswire

Francisco Partners, TPG Capital, will acquire Boomi

See 2905 Comparable Transactions
synopsis: Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG Capital, the private equity platform of global alternative asset firm TPG, have entered into a definitive agreement with Dell Technologies to acquire Boomi, a leading provider of cloud-based integration platform as a service.
buyer: Francisco Partners
buyer: TPG Capital
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. TPG Capital is the private equity platform of global alternative asset firm TPG. "
 target parent: Dell Technologies
target: Boomi
Boomi, a Dell Technologies business, quickly and easily unites everything in client's digital ecosystems so they can achieve better business outcomes, faster. Boomi's intelligent, flexible, scalable platform accelerates business results by linking data, systems, applications, processes, and people.
price ($mm)
$4,000
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/19/2021 via BNC Analysis

VMware, Inc., will acquire Mesh7, Inc.

See 396 Comparable Transactions
synopsis: VMware, a company that provides cloud computing and virtualization software and services, is to acquire Mesh7, a company that secures cloud-native applications and microservices by monitoring application behavior at the API layer.
buyer parent: Dell Technologies
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Mesh7, Inc.
Mesh7 provides the Cloud Native API Security Mesh - API Gateway and Security Service Mesh - built from the ground up for cloud infrastructure and cloud-native application architectures with deep discovery, observability, and security enforcement to uncover any API threat in modern applications.
price ($mm)
rev ($mm)
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EV / EBITDA
announced 9/29/2020 via BusinessWire

VMware, Inc., will acquire SaltStack

See 1518 Comparable Transactions
synopsis: VMware is to acquire SaltStack, a Python-based, open-source software for event-driven IT automation, remote task execution, and configuration management. SaltStack intelligent automation helps enterprise IT operations, SecOps, and DevOps teams manage and secure a software-defined world.
buyer parent: Dell Technologies
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: SaltStack
SaltStack is Python-based, open-source software for event-driven IT automation, remote task execution, and configuration management. SaltStack intelligent automation helps enterprise IT operations, SecOps, and DevOps teams manage and secure a software-defined world.
price ($mm)
rev ($mm)
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announced 9/9/2020 via GlobeNewswire

SecureWorks Inc, will acquire Delve Labs, Inc.

See 1873 Comparable Transactions
synopsis: Secureworks will acquire Delve, a provider of vulnerability management solutions for enterprises. The acquisition demonstrates Secureworks’ commitment to evolving its cloud-native Red Cloak Platform, and extending Threat Detection and Response (TDR) application with new integrations, analytics, and user experience improvements.
buyer parent: Dell Technologies
buyer: SecureWorks Inc (:$562.98)
Secureworks is a global cybersecurity leader, enabling its customers and partners to outpace adversaries with more precision. With the combination of a cloud-native SaaS security platform and intelligence-driven security solutions, Secureworks provides the most grounded security platform available. "
 target: Delve Labs, Inc.
Delve is transforming the way enterprises conduct vulnerability management. The company’s SaaS solution is powered by AI and machine learning to provide customers with more accurate and actionable data about the highest risk vulnerabilities across their network, endpoints, and cloud.
price ($mm)
$16
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/29/2020 via Company Press Release

VMware, Inc., purchased True Visibility Suite from observIQ

See 487 Comparable Transactions
synopsis: VMware has acquired the True Visibility Suite from observIQ. The True Visibility product suite provides integration solutions for vRealize Operations via management packs. They enable vRealize Operations to provide insight into customers’ data center and hybrid cloud environments, dynamic discovery of applications and infrastructure, and more.
buyer parent: Dell Technologies
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 seller: observIQ
The True Visibility product suite provides integration solutions for vRealize Operations via management packs. They enable vRealize Operations to provide insight into customers’ data center and hybrid cloud environments, dynamic discovery of customers' applications and infrastructure, and more.
price ($mm)
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announced 6/5/2020 via BNC Analysis

VMware, Inc., will acquire Lastline, Inc.

See 2194 Comparable Transactions
synopsis: Software company VMware has agreed to acquire Lastline, a provider of AI-based cybersecurity services. Lastline, Inc. provides innovative AI-powered network security products that detect and defeat advanced cyberattacks attempting to enter and operating within a network.
buyer parent: Dell Technologies
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Lastline, Inc.
Lastline, Inc. provides innovative AI-powered network security products that detect and defeat advanced cyberattacks attempting to enter and operating within a network. Lastline protects network, email, cloud, and web infrastructures, minimizing the risk of damaging and costly data breaches.
price ($mm)
rev ($mm)
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announced 5/13/2020 via BusinessWire

VMware, Inc., will acquire Octarine

See 801 Comparable Transactions
synopsis: VMware, Inc., a leading innovator in enterprise software, is to acquire Octarine, whose innovative security platform for Kubernetes applications helps simplify DevSecOps and enables cloud native environments to be intrinsically secure, from development through runtime.
buyer parent: Dell Technologies
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Octarine
Octarine delivers zero trust, runtime security for cloud-native apps to give organizations total visibility and control over all their container and VM communications, so they can confidently maintain security and compliance when transitioning to cloud-native.
price ($mm)
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closed 2/18/2020 via BusinessWire

AlpInvest Partners N.V., Ontario Teachers' Pension Plan, Symphony Technology Group, acquired RSA Security

See 204 Comparable Transactions
synopsis: A consortium led by Symphony Technology Group, Ontario Teachers’ Pension Plan Board, and AlpInvest Partners have acquired RSA, a provider of business-driven security solutions, from Dell Technologies. The acquisition includes the purchase of RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence, and RSA Conference.
buyer: AlpInvest Partners N.V.
buyer: Symphony Technology Group
buyer: Ontario Teachers' Pension Plan
Symphony Technology Group is the private equity partner to market leading companies in data, software, and analytics. The Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan. Amsterdam-based AlpInvest is a leading global private equity investor. "
 target parent: Dell Technologies
target: RSA Security
RSA offers business-driven security solutions that provide organizations with a unified approach to managing digital risk that hinges on integrated visibility, automated insights, and coordinated actions.
price ($mm)
$2,075
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/21/2020 via GlobeNewswire

VMware, Inc., will acquire Nyansa

See 3561 Comparable Transactions
synopsis: VMware, Inc. has announced its intent to acquire Nyansa, Inc., a fast-growing innovator of AI-based network analytics. The company is credited with developing the first cloudsourced, vendor-agnostic network analytics system, called Voyance, purpose-built for increasingly mobile enterprise network environments.
buyer parent: Dell Technologies
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Nyansa
Nyansa, Inc. is a fast-growing innovator of AI-based network analytics. The company is credited with developing the first cloudsourced, vendor-agnostic network analytics system, called Voyance, purpose-built for increasingly mobile enterprise network environments.
price ($mm)
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announced 12/18/2019 via PR Newswire

Boomi, will acquire Unifi Software

See 2740 Comparable Transactions
synopsis: Boomi, a company that quickly and easily unites everything in client's digital ecosystems, will be acquiring Unifi Software, a company that delivers a suite of self-service data tools that help users find and use the data that is most important to them.
buyer parent: Dell Technologies
buyer: Boomi
Boomi, a Dell Technologies business, quickly and easily unites everything in client's digital ecosystems so they can achieve better business outcomes, faster. Boomi's intelligent, flexible, scalable platform accelerates business results by linking data, systems, applications, processes, and people. "
 target: Unifi Software
Unifi Software delivers a suite of self-service data tools that help users find and use the data that is most important to them. The Unifi Data Catalog with Natural Language Queries offers users an intuitive experience to easily discover and collaborate around data.
price ($mm)
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closed 10/8/2019 via BNC Analysis

VMware, Inc., acquired Carbon Black, Inc.

See 3084 Comparable Transactions
synopsis: VMware, Inc., a leading innovator in enterprise software, has acquired Carbon Black, a leader in cloud-native endpoint protection. Carbon Black’s innovative cloud-native security platform leverages big data and behavioral analytics to provide comprehensive endpoint protection against even the most advanced cyberattacks.
buyer parent: Dell Technologies
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Carbon Black, Inc. (CBLK:$229.71)
Carbon Black is a leader in cloud-native endpoint protection dedicated to keeping the world safe from cyberattacks. The CB Predictive Security Cloud consolidates endpoint protection and IT operations into an endpoint protection platform that prevents advanced threats and provides actionable insight.
price ($mm)[EV]
$2,037 [$1,906]
rev ($mm)
$230
EBITDA ($mm)
EV / rev
9.0x
EV / EBITDA
closed 8/21/2019 via BNC Analysis

VMware, Inc., acquired Intrinsic Inc

See 870 Comparable Transactions
synopsis: Enterprise software company VMware has acquired Intrinsic, a start-up that is dedicated to building the best technologies for securing applications and allow organizations to continue using all software without having to trust it.
buyer parent: Dell Technologies
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Intrinsic Inc
Intrinsic is dedicated to building the best technologies for securing applications. Intrinsic’s goal is to allow organizations to continue using all software without having to trust it. They brought complex security systems used by the military to the general public.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/21/2019 via Company Press Release

VMware, Inc., will acquire Veriflow

See 3282 Comparable Transactions
synopsis: VMware will acquire Veriflow to strengthen their capabilities in the pervasive network monitoring, troubleshooting, and verification space. Veriflow is an innovator in network verification, assurance, and troubleshooting. Veriflow’s technology provides problem detection for critical network issues—physical and virtual.
buyer parent: Dell Technologies
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Veriflow
Veriflow brings formal verification to network infrastructure for the first time, continuously ensuring networks operate as intended. Veriflow predicts outages before they impact the business and vulnerabilities before they are exploited, allowing IT teams to operate secure and resilient networks.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/25/2019 via Company Press Release

VMware, Inc., will acquire Uhana

See 559 Comparable Transactions
synopsis: VMware, a company that powers the world's digital infrastructure, will be acquiring Uhana, a company that leverages AI in operator private clouds or public cloud infrastructure. Uhana’s AI engine leverages deep reinforced learning, so the system learns how networks and applications can be controlled, then provides AI-optimized control guidance.
buyer parent: Dell, Inc.
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Uhana
Uhana leverages AI in operator private clouds or public cloud infrastructure. Uhana’s AI engine leverages deep reinforced learning, so the system learns how networks and applications can be controlled, then provides AI-optimized control guidance via an API.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/24/2019 via Company Press Release

VMware, Inc., will acquire BitFusion.io

See 3357 Comparable Transactions
synopsis: VMware Software, company that powers the world's digital infrastructure, has acquired Bitfusion, a pioneer in virtualization of accelerated compute with a strong focus on GPU technology. Bitfusion provides better sharing of GPU resources among isolated GPU compute workloads.
buyer parent: Dell, Inc.
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: BitFusion.io
Bitfusion is a pioneer in virtualization of accelerated compute with a strong focus on GPU technology. It provides better sharing of GPU resources among isolated GPU compute workloads—even allowing sharing to happen across the network.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/13/2019 via GlobeNewswire

VMware, Inc., will acquire Avi Networks

See 1124 Comparable Transactions
synopsis: VMware, Inc. announced its intent to acquire Avi Networks, a leader in multi-cloud application delivery services. Avi Networks enables public-cloud-like simplicity for application services such as load balancing and security in any data center or cloud.
buyer parent: Dell, Inc.
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Avi Networks
Avi Networks enables public-cloud-like simplicity for application services such as load balancing and security in any data center or cloud. Their platform provides agile, software-based ADC capabilities and actionable insights with auto scaling and automation driven by its 100% REST APIs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/16/2019 via Company Press Release

VMware, Inc., will acquire Bitnami

See 498 Comparable Transactions
synopsis: VMware, a software virtualization company, is to acquire Bitnami, a leader in application packaging solutions providing the largest catalog of click-to-deploy applications and development stacks for major cloud and Kubernetes environments.
buyer parent: Dell, Inc.
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Bitnami
Bitnami is the leading provider of packaged applications for any platform. The Bitnami application automation platform delivers and maintains a catalog of 130+ ready-to-run server applications and development environments in partnership with the world’s leading cloud providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/6/2019 via Company Press Release

VMware, Inc., will acquire AetherPal

See 786 Comparable Transactions
synopsis: VMware announced its intent to acquire AetherPal, a provider of remote support solutions that enable IT to remotely view, control, troubleshoot, and fix devices and applications in the field to improve productivity and efficiency, while reducing downtime. VMware is committed to supporting customers with a unified digital workspace platform.
buyer parent: Dell, Inc.
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: AetherPal
AetherPal helps enterprises drive app adoption and usage through on- device training and keep their apps running through remote support, so that enterprises can efficiently and reliably scale their businesses on mobile.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/6/2018 via GlobeNewswire

VMware, Inc., will acquire Heptio

See 4600 Comparable Transactions
synopsis: VMware, Inc., a subsidiary of Dell that provides cloud computing and platform virtualization software and services, announced that it has signed a definitive agreement to acquire Heptio, a leader in the open Kubernetes ecosystem. Heptio’s products and expertise help organizations deploy and operationalize Kubernetes.
buyer parent: Dell, Inc.
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: Heptio
Heptio unleashes the technology-driven enterprise with products and services that help customers realize the full potential of Kubernetes and transform IT into a business accelerator.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/27/2018 via GlobeNewswire

VMware, Inc., will acquire CloudHealth

See 808 Comparable Transactions
synopsis: VMware, Inc. has announced that it has signed a definitive agreement to acquire CloudHealth Technologies. CloudHealth Technologies provides the world’s most trusted software platform for accelerating business transformation in the cloud. More than 3,500 organizations globally rely on CloudHealth.
buyer parent: Dell, Inc.
buyer: VMware, Inc. (VMW:$11,338.00)
VMware software powers the world’s complex digital infrastructure. The company’s compute, cloud, mobility, networking and security offerings provide a dynamic and efficient digital foundation to over 500,000 customers globally, aided by an ecosystem of 75,000 partners. "
 target: CloudHealth
CloudHealth Technologies provides the world’s most trusted software platform for accelerating business transformation in the cloud. More than 3,500 organizations globally rely on CloudHealth.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  
closed 10/2/2014 via BusinessWire

Conifer Health Solutions, Inc., acquired SPi Healthcare

See 1188 Comparable Transactions
synopsis: Conifer Health Solutions®, the nation’s leading provider of technology-enabled healthcare performance improvement services completed its acquisition of SPi Healthcare, a provider of innovative revenue cycle management (RCM), health information management (HIM) and software solutions for independent and provider-owned physician practices.
buyer parent: Tenet Healthcare Corporation
buyer: Conifer Health Solutions, Inc.
Conifer Health Solutions provides revenue cycle and patient communications services to hospitals and health systems. They utilize proprietary technology to offer comprehensive solutions, from patient pre-registration through the processing of governmental, managed care and self-pay claims. "
 target parent: CVC Capital Partners
target: SPi Healthcare
SPi Healthcare is a leading integrated revenue cycle and clinical documentation improvement firm. Its full-spectrum approach is unique in the industry, designed to help you accelerate cash flow and mitigate the unnecessary and costly risks associated with inferior clinical documentation.
price ($mm)
$235
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/5/2012 via BusinessWire

Conifer Health Solutions, Inc., purchased Revenue Cycle Solutions from Dell, Inc.

See 189 Comparable Transactions
synopsis: Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation and a leader in business process management solutions for healthcare providers, has acquired Dell’s Revenue Cycle Solutions line of business for hospitals and healthcare systems.
buyer parent: Tenet Healthcare Corporation
buyer: Conifer Health Solutions, Inc.
Conifer Health Solutions provides revenue cycle and patient communications services to hospitals and health systems. They utilize proprietary technology to offer comprehensive solutions, from patient pre-registration through the processing of governmental, managed care and self-pay claims. "
 seller: Dell, Inc. (DELL:$94,224.00)
Dell, Inc. designs, develops, manufactures, markets, sells and supports a wide range of products which are customized to individual customer requirements which include mobility products, desktop personal computers, software and peripherals, servers and networking, services and storage.
price ($mm)
rev ($mm)
$85
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 10/1/2012 via BusinessWire

Conifer Health Solutions, Inc., will acquire InforMed, LLC

See 495 Comparable Transactions
synopsis: Conifer Health Solutions, LLC, a subsidiary of Tenet Healthcare Corporation, and a leader in business process management solutions for healthcare providers, has entered into a definitive agreement to acquire InforMed Health Care Solutions located in Annapolis, MD.
buyer parent: Tenet Healthcare Corporation
buyer: Conifer Health Solutions, Inc.
Conifer Health Solutions provides revenue cycle and patient communications services to hospitals and health systems. They utilize proprietary technology to offer comprehensive solutions, from patient pre-registration through the processing of governmental, managed care and self-pay claims. "
 target: InforMed, LLC
InforMed is an information management and service company that uses cutting edge technology and powerful, proprietary data analysis tools to help healthcare providers and payers lower costs, while improving care for their patients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/27/2010 via BusinessWire

Conifer Health Solutions, Inc., acquired MediHealth Outsourcing, LLC.

See 55 Comparable Transactions
synopsis: Conifer Health Solutions, a leader in business process solutions for healthcare providers, announced it has acquired MediHealth Outsourcing, LLC. MediHealth is a Health Information Management (HIM) Operations and Clinical Revenue Cycle (CRC) consulting and outsourcing company.
buyer: Conifer Health Solutions, Inc.
Conifer Health Solutions provides revenue cycle and patient communications services to hospitals and health systems. They utilize proprietary technology to offer comprehensive solutions, from patient pre-registration through the processing of governmental, managed care and self-pay claims. "
 target: MediHealth Outsourcing, LLC.
MediHealth offers Health Information Management (HIM) business process and consulting solutions to hospitals and healthcare organizations. Its services range from outsourcing a hospital’s entire HIM department to interim/temporary staffing services for coding and all clinical revenue cycle staff.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/27/2018 via PE Hub

New Capital Partners, acquired Collect Rx, Inc.

See 799 Comparable Transactions
synopsis: New Capital Partners (NCP), a private equity firm, announces that is has acquired Collect Rx, a leading revenue cycle management (RCM) company. The company leverages its Business Intelligence (BI) engine to analyze claims and increase reimbursement for healthcare providers.
buyer: New Capital Partners
New Capital Partners (NCP) is a private equity firm headquartered in Birmingham, Ala. NCP makes investments in niche, tech-enabled services companies in the healthcare, financial and business services industries. "
 target: Collect Rx, Inc.
Collect Rx is a niche RCM (revenue cycle management) provider headquartered in Bethesda, Md. Founded in 2006, the company focuses on providing their services to surgery centers, hospitals, physician-owned practices, laboratory diagnostic facilities and behavioral health centers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/12/2018 via PR Web

ChrysCapital, acquired GeBBS Healthcare Solutions

See 65 Comparable Transactions
synopsis: GeBBS Healthcare Solutions, a leading national provider of Revenue Cycle Management solutions for the healthcare industry, announced that ChrysCapital, a marquee Indian private equity fund with a global technology services footprint, has acquired a majority stake in the company.
buyer: ChrysCapital
ChrysCapital is one of the largest and most successful India-focused private equity firms. They have made over 80 investments and has delivered over 65 exits across a number of sectors including in Business Services, Financial Services, Pharmaceuticals, Healthcare and Consumer. "
 target: GeBBS Healthcare Solutions
GeBBS Healthcare Solutions is a leading technology-enabled provider of revenue cycle management solutions. They help clients improve performance, compliance, and patient satisfaction. Their solutions include Health Info Management, Revenue Management, Patient Access and Risk Adjustment Solutions.
price ($mm)
$140*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/12/2018 via BNC Analysis

Gulf Capital, acquired Accumed Practice Management

See 68 Comparable Transactions
synopsis: Gulf Capital, an alternative asset management company, acquired a controlling stake in healthcare sector-focused technology firm, Accumed Practice Management. Dubai-based AccuMed is the first company to provide outsourced Revenue Cycle Management solutions to the regional healthcare sector, and to establish the Medical Billing industry in the UAE.
buyer: Gulf Capital
Based in the Emirate of Abu Dhabi, the capital of the United Arab Emirates, Gulf Capital is a leading alternative asset management company focusing primarily on late-stage control buy-outs, growth capital, real estate development and private debt business. "
 target: Accumed Practice Management
AccuMed Practice Management is the first company to provide outsourced Revenue Cycle Management solutions to the regional healthcare sector, and to establish the Medical Billing industry in the UAE and the Middle East.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/29/2017 via Company Press Release

nThrive, acquired e4e Inc.

See 65 Comparable Transactions
synopsis: nThrive,a provider of patient-to-payment healthcare solutions, advisory expertise, and analytics for health care organizations, has acquired e4e Healthcare Services. e4e is a healthcare services outsourcing company that provides IT-enabled and business process management services.
buyer parent: Pamplona Capital Management LLP
buyer: nThrive (MDAS:$764.22)
nThrive is built on a legacy of excellence. From patient-to-payment, they will provide all the technology, advisory expertise, services, analytics and education programs their clients will need to thrive in the communities they serve. "
 target: e4e Inc.
e4e Inc., a healthcare services outsourcing company, provides IT-enabled and business process management services. The company offers provider solutions; and payer solutions that include claims management and admin, cost avoidance and audit, and medical record solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/1/2012 via BusinessWire

McKesson Corporation, will acquire MED3000, Inc.

See 174 Comparable Transactions
synopsis: McKesson and MED3OOO announced they have signed a definitive agreement under which McKesson will acquire MED3OOO, a national healthcare management and technology services company that helps improve outcomes for providers, health plans, employers, and the patients and employees they serve.
buyer: McKesson Corporation (MCK:$214,319.00)
McKesson Corporation is a healthcare services and information technology company dedicated to making the business of healthcare run better. McKesson partners with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care. "
 target parent: Mitsui & Co, Ltd
target: MED3000, Inc.
MED3OOO is a leading provider of healthcare management and technology services that improve outcomes for providers, health plans, and the patients and employees they serve. The company provides a broad array of proprietary solutions for physician groups, hospitals, health systems and others.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/4/2013 via BusinessWire

Gores Group, LLC, purchased GE Healthcare Strategic Sourcing from GE Healthcare

See 90 Comparable Transactions
synopsis: The Gores Group, a leading Los Angeles-based investment firm, announced that it has completed the acquisition of GE Healthcare Strategic Sourcing from GE Healthcare. GE Healthcare Strategic Sourcing is a leading provider of electronic billing and electronic medical records outsourcing solutions to the healthcare industry.
buyer: Gores Group, LLC
The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. "
 seller parent: General Electric Company
seller: GE Healthcare
Healthcare Strategic Sourcing is a leading provider of electronic billing and electronic medical records outsourcing solutions to the healthcare industry. GE Healthcare Strategic Sourcing provides services to some of the most recognized healthcare systems in the United States.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/3/2020 via GlobeNewswire

R1 RCM, will purchase RevWorks from Cerner Corporation

See 87 Comparable Transactions
synopsis: R1 RCM, a leading provider of technology-enabled revenue cycle management services to healthcare providers, will acquire Cerner RevWorks services business and commercial, non-federal client relationships. Cerner RevWorks offers revenue cycle management outsourcing services to hospitals.
buyer: R1 RCM (RCM:$1,292.90)
R1 RCM is a leading provider of technology-enabled Revenue Cycle Management (RCM) services which transform and solve revenue cycle performance challenges across hospitals, health systems and group physician practices. "
 seller: Cerner Corporation (CERN:$5,552.99)
Cerner RevWorks offers revenue cycle management outsourcing services to hospitals. Cerner is the leading U.S. supplier of health care information technology solutions that optimize clinical and financial outcomes.
price ($mm)
$30
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/13/2017 via

IMA Consulting will be merged with Revint Solutions,

See 87 Comparable Transactions
synopsis: IMA Consulting, a full-service healthcare solutions and consulting firm, and Revint Solutions, a company that provides revenue integrity and recovery services for healthcare providers to ensure accurate and timely reimbursement for their services, announced the merger of their respective businesses.
buyer: Revint Solutions
Chicago-based Revint Solutions provides revenue integrity and recovery services for healthcare providers to ensure accurate and timely reimbursement for their services. The company provides comprehensive revenue recovery services to more than 400 healthcare clients across the United States. "
 target: IMA Consulting
IMA Consulting is a full-service healthcare solutions and consulting firm that provides outsourced solutions (revenue recovery/enhancement, underpayments, revenue cycle), consulting services, and interim management to hospitals and health systems nationwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/14/2014 via BusinessWire

Navigant Consulting, acquired Cymetrix Corporation

See 87 Comparable Transactions
synopsis: Navigant, a specialized, global expert services firm, has acquired Cymetrix Corporation, a privately held revenue cycle management firm that specializes in providing outsourcing services to hospital and healthcare networks. The newly acquired company will operate as Navigant Healthcare Cymetrix.
buyer: Navigant Consulting (NCI:$728.72)
Navigant Consulting is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. "
 target parent: Riordan, Lewis & Haden
target: Cymetrix Corporation
Cymetrix is a national leader in providing healthcare organizations and hospital-affiliated physician practices with end-to-end revenue cycle outsourcing solutions.
price ($mm)
$68
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/15/2010 via BusinessWire

Adreima, acquired Hospital Inpatient Services

See 87 Comparable Transactions
synopsis: Advanced Reimbursement Management, now known as Adreima, announced that it has acquired Hospital Inpatient Services (“HIS”), a Florida-based provider of eligibility services to hospitals on the East Coast of the US.
buyer parent: Waud Capital Partners, LLC
buyer: Adreima
Adreima advocates for hospitals nationwide, providing eligibility and revenue cycle management services supported by a deep knowledge of state-specific issues and unparalleled in-house expertise. "
 target: Hospital Inpatient Services
Hospital Inpatient Services (HIS) is a dedicated, self-pay eligibility outsourcing company. Medi-Serve, HIS' proprietary software, provides the data to streamline billing procedures, improve cash flow and delivers succinct management reports for program and revenue management.
price ($mm)
$8.15
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/23/2016 via BusinessWire

Ancor Capital Partners, acquired DuvaSawko

See 119 Comparable Transactions
synopsis: Ancor Capital Partners, an operations-oriented private equity firm, announced the acquisition of DuvaSawko, a boutique emergency-physician owned and operated revenue-cycle and practice-management company predominantly serving emergency physician groups and hospital-based emergency departments.
buyer: Ancor Capital Partners
Ancor Capital Partners is an operations-oriented private equity firm focused on lower middle-market companies with EBITDA of $5-$15 million. Extensive operational experience gives the Ancor team a unique understanding of the critical business issues faced by lower middle-market companies. "
 target: DuvaSawko
DuvaSawko is an emergency physician owned and operated Coding, Billing, Accounts Receivable and Practice Management Company. With headquarters located in Ormond Beach, Florida, DuvaSawko works with Emergency Medicine practices across the USA.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/14/2011 via BusinessWire

MedData, Inc., acquired Data Management, Inc.

See 86 Comparable Transactions
synopsis: MedData, Inc., a provider of medical billing services, announced the acquisition of Data Management, Inc. (DMI), a provider of physician billing services to pathologists and emergency departments. The acquisition adds pathology billing to MedData’s current billing specialties which include emergency medicine, hospitalists and wound care.
buyer parent: Robert W. Baird & Co. Incorporated.
buyer: MedData, Inc.
MedData is one of the nation’s leading providers of a range of medical billing services including, among others, billing, coding, collections and revenue cycle management. Annually, the company handles billing for 5.5 million patient encounters across various medical specialties. "
 target: Data Management, Inc.
Data Management, Inc. (DMI) is a leading provider of physician billing services to pathologists and emergency departments. DMI helps guide medical practices through the complexities of reimbursement and ever-changing compliance regulations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/12/2018 via PR Newswire

Fellow Health Partners, acquired Physicians Management, Inc.

See 171 Comparable Transactions
synopsis: Fellow Health Partners, Inc., a New York based medical business solutions company, announced its acquisition of Physicians Management, Inc., a long-established medical billing company based in Rochelle Park, New Jersey.
buyer: Fellow Health Partners
Fellow Health Partners Inc. is a leading-edge medical business solutions company that helps healthcare professionals and institutions to improve their bottom line by applying innovative methods of streamlining the medical billing process. "
 target: Physicians Management, Inc.
Physician Management is a leading provider of hospital and nursing home physician clinical services. They partner with hospitals throughout the Mid-Atlantic region to provide efficient, accountable and high quality physician coverage programs in multiple specialties.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/25/2018 via PR Newswire

Centauri Health Solutions, acquired NHI Billing Services

See 117 Comparable Transactions
synopsis: Centauri Health Solutions, Inc., the Scottsdale-based provider of technology-enabled revenue optimization and quality of care services, has acquired NHI Billing Services (NHI), a leading provider of Medicaid-related specialized billing services to hospitals and health systems. NHI is a full-service out-of-state Medicaid account management company.
buyer: Centauri Health Solutions
Centauri Health Solutions focuses on revealing care opportunities through its suite of products and services. Delivering services through private cloud-based software solutions, the firm provides comprehensive data management designed for risk adjustment and quality-based revenue programs. "
 target: NHI Billing Services
NHI is a full-service out-of-state Medicaid account management company providing eligibility verification, authorization notification, provider enrollment, billing, account follow-up, reporting and appeals processing for hospitals throughout the United States.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/30/2019 via PR Newswire

Investcorp, acquired Health Plus Management Services

See 119 Comparable Transactions
synopsis: Investcorp, a leading global provider and manager of alternative investment products, announced its acquisition of Health Plus Management, LLC, a provider of business management and operations services for independent physician practices in the physical medicine and rehabilitation market.
buyer: Investcorp (BAX:INVCORP:$254.00)
Headquartered in Bahrain, Investcorp is a leading manager of alternative investment products. Investcorp focuses on generating investor and shareholder value in four lines of business: corporate investment, real estate, alternative investment solutions, and credit management. "
 target: Health Plus Management Services
Health Plus provides independent physician practices with business development, marketing and back-office support, enabling its clients to start up and/or grow their private practice beyond what might otherwise be feasible while maximizing clinical service and patient care.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/3/2012 via GlobeNewswire

Medical Transcription Billing, Corp., acquired GlobalNet Solutions, Inc.

See 85 Comparable Transactions
synopsis: MTBC, a leading national provider of electronic health records (EHR) and practice and revenue cycle management solutions, announced that it has acquired GlobalNet Solutions, Inc. of Mansfield, Ohio. GlobalNet Solutions is a medical practice and revenue cycle management company.
buyer: Medical Transcription Billing, Corp. (MTBC:$65.19)
Medical Transcription Billing, Corp. (MTBC) operates as a medical billing company in America. MTBC provides practice and revenue cycle management services and proprietary software solutions to private physician offices and hospitals throughout the United States. "
 target: GlobalNet Solutions, Inc.
GlobalNet Solutions, Inc. is an Ohio-Based medical practice and revenue cycle management company.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/7/2016 via PR Newswire

Rizk Ventures, acquired Workforce Prescriptions (WRx)

See 88 Comparable Transactions
synopsis: Rizk Ventures, a privately-held investment firm that focuses on investment activities, announced it has acquired Workforce Prescriptions, a provider of Software-as-a-Service solutions to the healthcare industry with a focus on assisting hospitals in significantly decreasing costs and improving outcomes without reducing staff.
buyer: Rizk Ventures
Rizk Ventures is a privately-held investment firm based in New York. Rizk Ventures focuses on investment activities in the areas of Venture Capital, Private Equity, Real Estate, and Special Opportunities. "
 target: Workforce Prescriptions (WRx)
Workforce Prescriptions (WRx) is an evidence-based consulting firm that provides assistance to hospitals desiring to: Reduce their cost of labor without reducing staff, Reduce their Length of stay without jeopardizing quality and Improve productivity by designing more efficient work processes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/2/2020 via PR Newswire

WELL Health Technologies Corp., acquired DoctorCare Inc.

See 95 Comparable Transactions
synopsis: WELL Health Technologies Corp., a Canadian company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, has acquired DoctorCare Inc., a market leader in billing and optimization services. With the acquisition of DoctorCare, WELL has formed the WELL Billing and Backoffice Group.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$40.92)
Vancouver-based WELL Health Technologies Corp is an omni-channel digital health company whose overarching objective is to empower doctors to provide the best and most advanced care possible while leveraging the latest trends in digital health. "
 target: DoctorCare Inc.
Based in Toronto, DoctorCare is a technology solution provider with solutions and services that help doctors ensure they are minimizing errors, ensuring compliance with complicated medical billing claim codes, improving patient care, and growing their practice.
price ($mm)
$8.27
rev ($mm)
$3
EBITDA ($mm)
$1
EV / rev
5.1x
EV / EBITDA
17.0x
closed 9/10/2014 via BusinessWire

PracticeMax, acquired Optimum Medical Management

See 137 Comparable Transactions
synopsis: PracticeMax, a national provider of medical practice management and technology services, announced it has acquired Optimum Medical Management. Optimum Medical Management provides business management services for physicians seeking to reduce practice expenses by consolidating its business office functions.
buyer: PracticeMax
PracticeMax is a national provider of medical practice management and technology services, including billing, software and consulting for medical practice management and clinical operations. "
 target: Optimum Medical Management
Optimum Medical Management offers solutions to medical practices to help them achieve their goals and to be able to focus on what matters most, patient care. They provide business management services for physicians seeking to reduce practice expenses by consolidating its business office functions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/24/2013 via PR Newswire

Kareo, Inc., acquired ECCO Health

See 79 Comparable Transactions
synopsis: Kareo, Inc., the cloud-based medical office software and services provider for small medical practices, announced its acquisition of privately held ECCO Health, a full-service provider of medical billing and associated solutions.
buyer: Kareo, Inc.
Kareo is a leading provider of easy to use, affordable, web-based practice management and medical billing software to thousands of physicians and hundreds of medical billing companies. "
 target: ECCO Health
ECCO Health is a trusted nationwide professional medical billing service and practice management company based in Las Vegas, Nevada, with BPO operations in Chennai, India and San Jose, Costa Rica.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  

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MedData, Inc.

Revenue Maximization Group

Global Healthcare Alliance

Medical Management Professionals

HealthCare Solutions, Inc.

HealthCare Solutions, Inc.

HCFS, Inc.

mCare Solutions, LLC

Cardon Outreach

Healthcare Payment Specialists, Inc.

Doctor's Network of America Inc.

Healthcare Revenue Strategies, LLC

Workforce Prescriptions (WRx)

Accuity Delivery Systems

GeBBS Healthcare Solutions

Accumed Practice Management

e4e Inc.

MED3000, Inc.

Collect Rx, Inc.

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Boomi

Mesh7, Inc.

SaltStack

Delve Labs, Inc.

observIQ

Lastline, Inc.

Octarine

RSA Security

Nyansa

Unifi Software

Carbon Black, Inc.

Intrinsic Inc

Veriflow

Uhana

BitFusion.io

Avi Networks

Bitnami

AetherPal

Heptio

CloudHealth

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SPi Healthcare

Dell, Inc.

InforMed, LLC

MediHealth Outsourcing, LLC.

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Collect Rx, Inc.

GeBBS Healthcare Solutions

Accumed Practice Management

e4e Inc.

MED3000, Inc.

GE Healthcare

Cerner Corporation

IMA Consulting

Cymetrix Corporation

Hospital Inpatient Services

DuvaSawko

Data Management, Inc.

Physicians Management, Inc.

NHI Billing Services

Health Plus Management Services

GlobalNet Solutions, Inc.

Workforce Prescriptions (WRx)

DoctorCare Inc.

Optimum Medical Management

ECCO Health

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Geography
Matching Companies
Ticker: RCM
 
 
 
 
 
 
 
 
R1 RCM
R1 RCM
R1 is a provider of technology-enabled revenue cycle management services which transform a health system’s revenue cycle performance across settings of care. R1’s proven and scalable operating model, the R1 Performance Stack℠, seamlessly complements a healthcare organization’s infrastructure.
year
2021
rev ($mm)
$1,292.90
EBITDA ($mm)
$219.20
EBIT ($mm)
$148.30
Net Income ($mm)
$124.70
Employees
19600
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Ticker: MTBC
 
 
 
 
 
 
 
 
Medical Transcription Billing, Corp.
Medical Transcription Billing, Corp.
MTBC (Medical Transcription Billing, Corp) is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers, revenue cycle management companies and software vendors.
year
2019
rev ($mm)
$65.19
EBITDA ($mm)
$1.78
EBIT ($mm)
($1.62)
Net Income ($mm)
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2400
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Ticker: US:UYMG
 
 
 
 
 
 
 
 
Unity Management Group, Inc
Unity Management Group, Inc
Unity Management Group is a health resource company, which provides quality physician practice management services, that offer high value, and significant return, through its three subsidiary companies. United Healthcare Solutions, Unity Technologies Inc., and United Business Services.
year
2010
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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