Like mPay Gateway Inc.

closed 6/18/2013 via Market Wire

PaySpan, Inc., acquired mPay Gateway Inc.

synopsis: PaySpan Inc., the leading provider of healthcare payment and reimbursement automation, announced the acquisition of the assets of mPay Gateway, a point-of-service patient payment solution for healthcare providers.
buyer parent: ABS Capital Partners, L.P.
buyer: PaySpan, Inc.
PaySpan, Inc., with more than 25 years of payments expertise, is a trusted source of innovative healthcare reimbursement solutions, empowering the healthcare economy for health plans, providers, members and banks. "
target: mPay Gateway Inc.
mPay Gateway is a PCI certified acquiring card processor, delivering bankcard solutions with integrated web based management software to Providers that addresses the increased cost of collecting from consumers enrolled in consumer directed health care plans.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/26/2021 via GlobeNewswire

Paya, Inc., acquired Paragon Payment Solutions

synopsis: Paya Holdings Inc., a leading integrated payments and commerce solution provider, has acquired Paragon Payments Solutions, an industry-leading integrated payments solutions provider focused on serving the unique needs of the non-profit and healthcare verticals.
buyer: Paya, Inc. (PAYA:$236.30)
Paya is a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies. "
target: Paragon Payment Solutions
Paragon Payment Solutions is an integrated payments provider committed to delivering tailored solutions and strategic partnerships that help software providers and their customers excel. Paragon's solutions include payment facilitation, hosted payments, mobile wallet integration, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/25/2021 via GlobeNewswire

Afya Participações S.A., acquired Medicinae

synopsis: Afya Limited announced the acquisition of 100% of the total share capital of Medicinae, a leading Brazilian healthcare technology company that specializes in healthcare payments and financial services, through its wholly-owned subsidiary Afya Participações S.A.
buyer parent: Afya Limited
buyer: Afya Participações S.A.
Afya is a leading medical education group in Brazil based on number of medical school seats, delivering an end-to-end physician-centric ecosystem that serves and empowers students to be lifelong medical learners. "
target: Medicinae
Medicinae is a leading Brazilian healthcare technology company that specializes in healthcare payments and financial services. They offer a financial platform that allows healthcare professionals all over Brazil to manage receivables in an efficient and scalable way.
price ($mm)
$1.02
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/10/2020 via BusinessWire

REPAY - Realtime Electronic Payments, acquired Ventanex

synopsis: Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced the acquisition of Ventanex, an integrated payments solutions provider to the consumer finance and B2B healthcare verticals. Ventanex’s technology platform offers inbound and outbound omnichannel payment solutions and complex rules-based processing.
buyer: REPAY - Realtime Electronic Payments (RPAY:$198.50)
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers. "
target: Ventanex
Ventanex, founded in 2012 and headquartered in Dallas, TX, is an integrated payments solutions provider to the consumer finance and B2B healthcare verticals. Ventanex’s technology platform offers inbound and outbound omnichannel payment solutions and complex rules-based processing.
price ($mm)
$36
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/17/2019 via BNC Analysis

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

synopsis: As part of its efforts to accelerate its activity in the payments processing space, JPMorgan Chase has purchased healthcare payments technology company InstaMed. InstaMed has developed a cloud-based platform to coordinate bill payments between providers, insurers and patients.
buyer: J.P. Morgan Chase & Co. (JPM:$121,685.00)
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. "
target: InstaMed
InstaMed is healthcare’s most trusted payments network, connecting providers, payers and consumers on one platform. The InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/15/2015 via BusinessWire

Global Payments, Inc., will acquire Heartland Payment Systems

synopsis: Global Payments Inc., a leading worldwide provider of payment technology services, announced that it has entered into a definitive agreement to acquire Heartland Payment Systems, Inc., one of the nation's largest payment companies. Heartland delivers credit/debit/prepaid card processing and security technology through Heartland Secure.
buyer: Global Payments, Inc. (GPN:$8,690.01)
Global Payments Inc. is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. They provide a range of products and services that allow their customers to accept all payment types across a variety of distribution channels. "
target: Heartland Payment Systems (HPY:$2,682.40)
Heartland Payment Systems, Inc., one of the largest payment processors in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive breach warranty.
price ($mm)[EV]
$3,857 [$4,312]
rev ($mm)
$2,588
EBITDA ($mm)
$202
EV / rev
1.7x
EV / EBITDA
21.8x
announced 10/2/2020 via BNC Analysis

Media Central Corporation Inc., will acquire Varipay

synopsis: Media Central Corporation, an alternative Canadian media company, will acquire Varipay Inc., a digital payment processing company in Canada. Varipay offers ecommerce integration, POS retail processing and virtual terminals to CBD, vape, gaming, travel and supplement merchants.
buyer: Media Central Corporation Inc. (CNSX:FLYY:$0.00)
Media Central is an alternative Canadian media company that acquires and develops high-quality publishing assets. Media Central's brands include Vancouver Free Press Corp., Now Communications Inc., digital cannabis platform CannCentral.com, and ESports outlet ECentralSports.com. "
target: Varipay
Varipay is a digital payment processing company in Canada. Varipay offers ecommerce integration, POS retail processing and virtual terminals to CBD, vape, gaming, travel and supplement merchants. Their unique payment platform powers multi-currency payment solutions with an instantaneous settlement.
price ($mm)
$2.24
rev ($mm)
$1
EBITDA ($mm)
$0
EV / rev
1.8x
EV / EBITDA
100.0x
closed 1/20/2021 via Company Press Release

Pineapple Payments, acquired 1st Payment Systems, L.L.C.

synopsis: Pineapple Payments, a rapidly growing payments technology company based out of Pittsburgh, announced today that it acquired 1st Payment Systems. Based in Roswell, Georgia, 1st Payment creates comprehensive payment programs for associations and Integrated Software Vendors (ISVs) in the Powersports and healthcare industry.
buyer: Pineapple Payments
Pineapple Payments is a payments technology company that provides payment processing, proprietary technology, and omni-channel payment acceptance solutions for merchants of all shapes and sizes. Its core payment gateway and suite of value-added payments tools are distributed by resellers nationwide."
target: 1st Payment Systems, L.L.C.
Founded in 2008, 1st Payment Systems is a leader in comprehensive payment processing solutions. 1st Payment uses a direct sales channel focused on tight vertical markets and high-volume businesses, including Powersports, automotive, dental, and healthcare.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/16/2013 via BusinessWire

TOT Money, acquired Unified Payments

synopsis: Net Element International, and Unified Payments, a leading provider of transaction processing services and payment-enabling technologies announced that they have entered into a binding term sheet for Net Element International to acquire Unified Payments and operate it through its newly formed subsidiary, TOT Money.
buyer parent: Net Element, Inc.
buyer: TOT Money
TOT Money is a mobile payment processor and mobile commerce provider that facilitates the payment, aggregation and distribution of mobile transactions. Their clients include wireless carriers, content providers and merchants. "
target: Unified Payments
Unified Payments, which has been recognized by Inc. Magazine as the fastest-growing private company in America in 2012, is a leading socially responsible provider of transaction processing services and payment-enabling technologies to small, medium, and large merchants across the United States.
price ($mm)
$24
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/2/2018 via PR Newswire

Thoma Bravo, LLC, acquired ABC Financial Services, Inc.

synopsis: Thoma Bravo, a leading private equity investment firm, announced that it has completed its acquisition of ABC Financial Services, Inc., a software and payment processing company servicing more than 6,700 health clubs throughout North America.
buyer: Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software & technology-enabled services sectors. They implement operating best practices, invest in growth initiatives & make accretive acquisitions intended to accelerate revenue & earnings, with the goal of increasing the business’ value. "
target: ABC Financial Services, Inc.
Launched in 1981, ABC Financial has revolutionized software and payment processing for the health and fitness industry. The company's innovative club management software, DataTrak, is the most complete web-based software in the health and fitness industry.
price ($mm)
rev ($mm)
$179
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 7/18/2017 via GlobeNewswire

Ability Network, Inc., acquired Secure Bill Pay

synopsis: ABILITY® Network announced its acquisition of Secure Bill Pay, a leader in the fast-growing healthcare payment software market. Secure Bill Pay provides an all-in-one set of tools to enable providers to facilitate patient payment throughout the revenue cycle.
buyer parent: Summit Partners
buyer: Ability Network, Inc.
ABILITY® Network is a leading information technology company that helps providers and payers simplify the administrative and clinical complexities of healthcare through innovative applications and data analytics. "
target: Secure Bill Pay
Hospitals, clinics and other health care providers are paid faster and easier with Secure Bill Pay's comprehensive patient payment solutions. Real-time data access with unlimited reporting, export/import or even full interface ensures payments are posted to patient accounts timely and accurately.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/31/2020 via PR Newswire

OrthoBanc merged with OrthoFi,

synopsis: OrthoBanc, LLC, the trusted name in orthodontic patient financial management, has been acquired by Accel-KKR and will be merged with OrthoFi. The merger of these award-winning technologies and experienced teams will deliver a portfolio of industry-leading patient acquisition software solutions and revenue cycle management services.
buyer parent: Accel-KKR
buyer: OrthoFi
OrthoFi is a tech-enabled solution that helps Orthodontists start more patients and gives them more time to provide great quality care. Its combination Customer Relationship Management and Revenue Cycle Management system helps practices grow and manages patient and insurance billing and collections."
target: OrthoBanc
OrthoBanc is a leader in electronic payment solutions for orthodontic and dental practices. Through its services, OrthoBanc provides patient-focused payment management, insurance assessment, risk review and payment plan recommendations, online and point-of-care payment processing, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/17/2019 via Company Press Release

TrialCard, acquired RxSolutions

synopsis: TrialCard, a company that offers customized patient access solutions exclusively for the pharmaceutical industry, has acquired RxSolutions, a privately-held company specializing in customized pharmaceutical reimbursement-based programs for both the marketing and clinical supply professional.
buyer parent: Odyssey Investment Partners
buyer: TrialCard
TrialCard offers customized patient access solutions exclusively for the pharmaceutical industry in support of product marketing, patient assistance programs, and phase IV clinical trials. TrialCard innovates by focusing on client brands and analyzing new trends in prescription optimization. "
target: RxSolutions
RxSolutions is a privately-held company with more than 20 years experience specializing in customized pharmaceutical reimbursement-based programs for both the marketing and clinical supply professional. They are known for their dedication to customer care at a remarkable value.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/18/2013 via Market Wire

PaySpan, Inc., acquired mPay Gateway Inc.

synopsis: PaySpan Inc., the leading provider of healthcare payment and reimbursement automation, announced the acquisition of the assets of mPay Gateway, a point-of-service patient payment solution for healthcare providers.
buyer parent: ABS Capital Partners, L.P.
buyer: PaySpan, Inc.
PaySpan, Inc., with more than 25 years of payments expertise, is a trusted source of innovative healthcare reimbursement solutions, empowering the healthcare economy for health plans, providers, members and banks. "
target: mPay Gateway Inc.
mPay Gateway is a PCI certified acquiring card processor, delivering bankcard solutions with integrated web based management software to Providers that addresses the increased cost of collecting from consumers enrolled in consumer directed health care plans.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/18/2013 via Market Wire

PaySpan, Inc., acquired mPay Gateway Inc.

synopsis: PaySpan Inc., the leading provider of healthcare payment and reimbursement automation, announced the acquisition of the assets of mPay Gateway, a point-of-service patient payment solution for healthcare providers.
buyer parent: ABS Capital Partners, L.P.
buyer: PaySpan, Inc.
PaySpan, Inc., with more than 25 years of payments expertise, is a trusted source of innovative healthcare reimbursement solutions, empowering the healthcare economy for health plans, providers, members and banks. "
target: mPay Gateway Inc.
mPay Gateway is a PCI certified acquiring card processor, delivering bankcard solutions with integrated web based management software to Providers that addresses the increased cost of collecting from consumers enrolled in consumer directed health care plans.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/11/2008 via PR Newswire

SunGard Data Systems Inc., purchased corporate payments division from Payformance Corporation

synopsis: SunGard today announced that it has acquired the corporate payments division of Payformance Corporation a Jacksonville, Florida based company that provides payment processing solutions for corporations and health care organizations.
buyer: SunGard Data Systems Inc.
SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. "
seller: Payformance Corporation
Payformance Corporation is one of the industry's most innovative providers of Electronic Funds Transfer and Electronic Remittance Advice solutions. Its flagship product, PaySpan Health, builds on the company's more than 23 years of experience in developing payment solutions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/18/2013 via Market Wire

PaySpan, Inc., acquired mPay Gateway Inc.

synopsis: PaySpan Inc., the leading provider of healthcare payment and reimbursement automation, announced the acquisition of the assets of mPay Gateway, a point-of-service patient payment solution for healthcare providers.
buyer parent: ABS Capital Partners, L.P.
buyer: PaySpan, Inc.
PaySpan, Inc., with more than 25 years of payments expertise, is a trusted source of innovative healthcare reimbursement solutions, empowering the healthcare economy for health plans, providers, members and banks. "
target: mPay Gateway Inc.
mPay Gateway is a PCI certified acquiring card processor, delivering bankcard solutions with integrated web based management software to Providers that addresses the increased cost of collecting from consumers enrolled in consumer directed health care plans.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/17/2019 via Company Press Release

TrialCard, acquired RxSolutions

synopsis: TrialCard, a company that offers customized patient access solutions exclusively for the pharmaceutical industry, has acquired RxSolutions, a privately-held company specializing in customized pharmaceutical reimbursement-based programs for both the marketing and clinical supply professional.
buyer parent: Odyssey Investment Partners
buyer: TrialCard
TrialCard offers customized patient access solutions exclusively for the pharmaceutical industry in support of product marketing, patient assistance programs, and phase IV clinical trials. TrialCard innovates by focusing on client brands and analyzing new trends in prescription optimization. "
target: RxSolutions
RxSolutions is a privately-held company with more than 20 years experience specializing in customized pharmaceutical reimbursement-based programs for both the marketing and clinical supply professional. They are known for their dedication to customer care at a remarkable value.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/14/2007 via PR Newswire

Global Healthcare Exchange, LLC, acquired Market4care

synopsis: Market4care, the largest provider of e-procurement and other supply chain services to hospitals and healthcare suppliers in the Netherlands, has joined GHX, LLC (GHX) under an acquisition announced today.
buyer: Global Healthcare Exchange, LLC
Global Healthcare Exchange, LLC (GHX) has created an open and neutral Internet-based trading exchange, along with additional value-added products and services, to reduce costs and improve efficiencies for all participants in the healthcare supply chain. "
target: Market4care
Market4care currently serves more than 20 percent of all Dutch hospitals, providing them with the ability to send and receive electronic transactions. The company's catalog management service contains more than 30 million items from more than 220 multinational and regional suppliers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/27/2020 via PR Web

Discovery Health Partners, purchased Payment Integrity Business from ConSova

synopsis: Discovery Health Partners, an industry leader dedicated to helping healthcare payers solve payment and revenue integrity challenges to improve financial outcomes, announced they have acquired Consova’s payment integrity business.
buyer parent: Carrick Capital Partners, LLC
buyer: Discovery Health Partners
Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions. They are specialists in technology, services, and solutions for Subrogation, Coordination of Benefits, Dependent Eligibility Verification, and Healthcare Analytics. "
seller: ConSova
The acquisition includes the payment integrity business of Consova. At Consova, they are optimizing the financial performance of health plans through effective cost containment and risk mitigation.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/28/2020 via BusinessWire

W2O Group, acquired Discern Health

synopsis: W2O, the leading independent provider of analytics-driven, technology-enabled marketing and communications solutions to the healthcare sector, acquired Discern Health, a company that counsels leading healthcare organizations on the performance measures and innovative payment models that shape the market for their products and services.
buyer parent: New Mountain Capital, LLC
buyer: W2O Group
W2O is an independent provider of analytics-driven, digital-first marketing and communications to the healthcare sector. W2O applies analytics models, methodologies and approaches in a digital world to design precise communications and marketing strategies to deliver sustained business results. "
target: Discern Health
Discern Health counsels leading healthcare organizations on the performance measures and innovative payment models that shape the market for their products and services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/22/2021 via BusinessWire

MultiPlan, Inc., will acquire Discovery Health Partners

synopsis: MultiPlan Corporation, a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, is to acquire Discovery Health Partners, an analytics and technology company offering healthcare revenue and payment integrity services.
buyer: MultiPlan, Inc. (:$928.82)
MultiPlan, Inc. is the industry's most comprehensive provider of healthcare cost management solutions. The company provides a single gateway to a host of primary, complementary and out-of-network strategies for managing the financial risks associated with healthcare claims. "
target parent: Carrick Capital Partners, LLC
target: Discovery Health Partners
Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions. They are specialists in technology, services, and solutions for Subrogation, Coordination of Benefits, Dependent Eligibility Verification, and Healthcare Analytics.
price ($mm)
$155
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/9/2018 via PR Newswire

Carrick Capital Partners, LLC, acquired Discovery Health Partners

synopsis: Carrick Capital Partners, an investment firm focused on technology-enabled services including Software announced the close of an additional significant investment in Discovery Health Partners. Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions.
buyer: Carrick Capital Partners, LLC
Carrick Capital Partners is an investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast growing businesses that provide software and technology-enabled services. "
target parent: LaunchPoint
target: Discovery Health Partners
Discovery Health Partners helps organizations reduce and contain healthcare spend through intelligent cost containment solutions. They are specialists in technology, services, and solutions for Subrogation, Coordination of Benefits, Dependent Eligibility Verification, and Healthcare Analytics.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/31/2020 via PR Newswire

OrthoBanc merged with OrthoFi,

synopsis: OrthoBanc, LLC, the trusted name in orthodontic patient financial management, has been acquired by Accel-KKR and will be merged with OrthoFi. The merger of these award-winning technologies and experienced teams will deliver a portfolio of industry-leading patient acquisition software solutions and revenue cycle management services.
buyer parent: Accel-KKR
buyer: OrthoFi
OrthoFi is a tech-enabled solution that helps Orthodontists start more patients and gives them more time to provide great quality care. Its combination Customer Relationship Management and Revenue Cycle Management system helps practices grow and manages patient and insurance billing and collections."
target: OrthoBanc
OrthoBanc is a leader in electronic payment solutions for orthodontic and dental practices. Through its services, OrthoBanc provides patient-focused payment management, insurance assessment, risk review and payment plan recommendations, online and point-of-care payment processing, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/1/2007 via PR Newswire

Wellpoint Health Networks, Inc., acquired American Imaging Management, Inc.

synopsis: WellPoint, Inc. the nation's leading health benefits provider, today announced the completion of its acquisition of American Imaging Management, a leading radiology benefit management and technology company.
buyer: Wellpoint Health Networks, Inc. (ANTM:$121,868.00)
WellPoint, Inc. is the largest health benefits company in terms of commercial membership in the United States. Through its nationwide networks, the company delivers a number of leading health benefit solutions through a broad portfolio of integrated health care plans and related services. "
target parent: Nautic Partners, LLC
target: American Imaging Management, Inc.
American Imaging Management, Inc. is a leading company in the radiology benefit management industry. AIM promotes the appropriate use of diagnostic imaging through the application of widely accepted clinical guidelines delivered through an innovative platform of technologies and programs.
price ($mm)
$300
rev ($mm)
$200
EBITDA ($mm)
EV / rev
1.5x
EV / EBITDA
closed 12/19/2018 via Company Press Release

Change Healthcare Corporation, acquired PokitDok Inc.

synopsis: Change Healthcarehas acquired intellectual property (IP) and other key assets from PokitDok, Inc., a platform-as-a-service company for healthcare. PokitDok’s platform-as-a-service makes it faster and easier for healthcare organizations to bring new applications and services to market.
buyer parent: McKesson Corporation
buyer: Change Healthcare Corporation (CHNG:$196.79)
Change Healthcare is inspiring a better healthcare system. Working alongside their customers and partners, they leverage their software and analytics, network solutions, and technology-enabled services to enable better patient care, choice, and outcomes at scale. "
target: PokitDok Inc.
PokitDok’s platform-as-a-service makes it faster and easier for healthcare organizations to bring new applications and services to market. Plug directly into over 700 payers to integrate real-time, member-specific health insurance data at scale.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/26/2021 via GlobeNewswire

Paya, Inc., acquired Paragon Payment Solutions

synopsis: Paya Holdings Inc., a leading integrated payments and commerce solution provider, has acquired Paragon Payments Solutions, an industry-leading integrated payments solutions provider focused on serving the unique needs of the non-profit and healthcare verticals.
buyer: Paya, Inc. (PAYA:$236.30)
Paya is a leading provider of integrated payment and frictionless commerce solutions that help customers accept and make payments, expedite receipt of money, and increase operating efficiencies. "
target: Paragon Payment Solutions
Paragon Payment Solutions is an integrated payments provider committed to delivering tailored solutions and strategic partnerships that help software providers and their customers excel. Paragon's solutions include payment facilitation, hosted payments, mobile wallet integration, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/25/2021 via GlobeNewswire

Afya Participações S.A., acquired Medicinae

synopsis: Afya Limited announced the acquisition of 100% of the total share capital of Medicinae, a leading Brazilian healthcare technology company that specializes in healthcare payments and financial services, through its wholly-owned subsidiary Afya Participações S.A.
buyer parent: Afya Limited
buyer: Afya Participações S.A.
Afya is a leading medical education group in Brazil based on number of medical school seats, delivering an end-to-end physician-centric ecosystem that serves and empowers students to be lifelong medical learners. "
target: Medicinae
Medicinae is a leading Brazilian healthcare technology company that specializes in healthcare payments and financial services. They offer a financial platform that allows healthcare professionals all over Brazil to manage receivables in an efficient and scalable way.
price ($mm)
$1.02
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/10/2020 via BusinessWire

REPAY - Realtime Electronic Payments, acquired Ventanex

synopsis: Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced the acquisition of Ventanex, an integrated payments solutions provider to the consumer finance and B2B healthcare verticals. Ventanex’s technology platform offers inbound and outbound omnichannel payment solutions and complex rules-based processing.
buyer: REPAY - Realtime Electronic Payments (RPAY:$198.50)
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers. "
target: Ventanex
Ventanex, founded in 2012 and headquartered in Dallas, TX, is an integrated payments solutions provider to the consumer finance and B2B healthcare verticals. Ventanex’s technology platform offers inbound and outbound omnichannel payment solutions and complex rules-based processing.
price ($mm)
$36
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/17/2019 via BNC Analysis

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

synopsis: As part of its efforts to accelerate its activity in the payments processing space, JPMorgan Chase has purchased healthcare payments technology company InstaMed. InstaMed has developed a cloud-based platform to coordinate bill payments between providers, insurers and patients.
buyer: J.P. Morgan Chase & Co. (JPM:$121,685.00)
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. "
target: InstaMed
InstaMed is healthcare’s most trusted payments network, connecting providers, payers and consumers on one platform. The InstaMed Network connects over two-thirds of the market and processes tens of billions of dollars in healthcare payments annually.
price ($mm)
$500
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/15/2015 via BusinessWire

Global Payments, Inc., will acquire Heartland Payment Systems

synopsis: Global Payments Inc., a leading worldwide provider of payment technology services, announced that it has entered into a definitive agreement to acquire Heartland Payment Systems, Inc., one of the nation's largest payment companies. Heartland delivers credit/debit/prepaid card processing and security technology through Heartland Secure.
buyer: Global Payments, Inc. (GPN:$8,690.01)
Global Payments Inc. is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. They provide a range of products and services that allow their customers to accept all payment types across a variety of distribution channels. "
target: Heartland Payment Systems (HPY:$2,682.40)
Heartland Payment Systems, Inc., one of the largest payment processors in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive breach warranty.
price ($mm)[EV]
$3,857 [$4,312]
rev ($mm)
$2,588
EBITDA ($mm)
$202
EV / rev
1.7x
EV / EBITDA
21.8x
announced 10/2/2020 via BNC Analysis

Media Central Corporation Inc., will acquire Varipay

synopsis: Media Central Corporation, an alternative Canadian media company, will acquire Varipay Inc., a digital payment processing company in Canada. Varipay offers ecommerce integration, POS retail processing and virtual terminals to CBD, vape, gaming, travel and supplement merchants.
buyer: Media Central Corporation Inc. (CNSX:FLYY:$0.00)
Media Central is an alternative Canadian media company that acquires and develops high-quality publishing assets. Media Central's brands include Vancouver Free Press Corp., Now Communications Inc., digital cannabis platform CannCentral.com, and ESports outlet ECentralSports.com. "
target: Varipay
Varipay is a digital payment processing company in Canada. Varipay offers ecommerce integration, POS retail processing and virtual terminals to CBD, vape, gaming, travel and supplement merchants. Their unique payment platform powers multi-currency payment solutions with an instantaneous settlement.
price ($mm)
$2.24
rev ($mm)
$1
EBITDA ($mm)
$0
EV / rev
1.8x
EV / EBITDA
100.0x
closed 1/20/2021 via Company Press Release

Pineapple Payments, acquired 1st Payment Systems, L.L.C.

synopsis: Pineapple Payments, a rapidly growing payments technology company based out of Pittsburgh, announced today that it acquired 1st Payment Systems. Based in Roswell, Georgia, 1st Payment creates comprehensive payment programs for associations and Integrated Software Vendors (ISVs) in the Powersports and healthcare industry.
buyer: Pineapple Payments
Pineapple Payments is a payments technology company that provides payment processing, proprietary technology, and omni-channel payment acceptance solutions for merchants of all shapes and sizes. Its core payment gateway and suite of value-added payments tools are distributed by resellers nationwide."
target: 1st Payment Systems, L.L.C.
Founded in 2008, 1st Payment Systems is a leader in comprehensive payment processing solutions. 1st Payment uses a direct sales channel focused on tight vertical markets and high-volume businesses, including Powersports, automotive, dental, and healthcare.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/16/2013 via BusinessWire

TOT Money, acquired Unified Payments

synopsis: Net Element International, and Unified Payments, a leading provider of transaction processing services and payment-enabling technologies announced that they have entered into a binding term sheet for Net Element International to acquire Unified Payments and operate it through its newly formed subsidiary, TOT Money.
buyer parent: Net Element, Inc.
buyer: TOT Money
TOT Money is a mobile payment processor and mobile commerce provider that facilitates the payment, aggregation and distribution of mobile transactions. Their clients include wireless carriers, content providers and merchants. "
target: Unified Payments
Unified Payments, which has been recognized by Inc. Magazine as the fastest-growing private company in America in 2012, is a leading socially responsible provider of transaction processing services and payment-enabling technologies to small, medium, and large merchants across the United States.
price ($mm)
$24
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/6/2004 via PR Newswire

Affiliated Computer Services, Inc., acquired Patient Accounting Service Center, LLC

synopsis: ACS ACS, a premier provider of business process outsourcing (BPO) and information technology solutions, announced today that it has acquired Patient Accounting Services Center, LLC (PASC), the industry leader in revenue cycle management in the healthcare provider industry, including billing, accounts receivables, and collections services.
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: Patient Accounting Service Center, LLC
Patient Accounting Service Center, LLC (PASC) is a full-service accounts receivable management firm focused purely on healthcare reimbursement services. With more than 1000 employees, PASC provides comprehensive outsourced healthcare reimbursement services. PASC specializes in large-volume accounts
price ($mm)
$94
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/2/2018 via PR Newswire

Thoma Bravo, LLC, acquired ABC Financial Services, Inc.

synopsis: Thoma Bravo, a leading private equity investment firm, announced that it has completed its acquisition of ABC Financial Services, Inc., a software and payment processing company servicing more than 6,700 health clubs throughout North America.
buyer: Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software & technology-enabled services sectors. They implement operating best practices, invest in growth initiatives & make accretive acquisitions intended to accelerate revenue & earnings, with the goal of increasing the business’ value. "
target: ABC Financial Services, Inc.
Launched in 1981, ABC Financial has revolutionized software and payment processing for the health and fitness industry. The company's innovative club management software, DataTrak, is the most complete web-based software in the health and fitness industry.
price ($mm)
rev ($mm)
$179
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA

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