Like Connected Analytics Business

closed 5/6/2020 via BusinessWire

Kaufman Hall, purchased Connected Analytics Business from Change Healthcare Corporation

synopsis: Change Healthcare announced the sale of its Connected Analytics business to Kaufman Hall, a leading provider of enterprise performance management (EPM) software. Products in the Connected Analytics business include Performance Manager and Analytics Explorer, as well as Data Platform & Solutions, HIE, and Orders & Results.
buyer: Kaufman Hall
Kaufman Hall provides a unique combination of software, data and management consulting solutions to help society’s foundational institutions realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams. "
seller: Change Healthcare Corporation (CHNG:$196.79)
The Connected Analytics business includes Performance Manager and Analytics Explorer, as well as Data Platform & Solutions, HIE, and Orders & Results. They consist of solutions for providers that want to leverage financial, clinical, and operational data to improve quality, reduce cost and risk.
price ($mm)
$55
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/15/2021 via BNC Analysis

Carasent, acquired Medrave Software AB

synopsis: Carasent ASA has acquired the Swedish company Medrave Software AB, including its fully-owned Norwegian subsidiary Medrave Software AS, a market leader in Scandinavia within quality improvement software for healthcare practices within primary care and secondary outpatient care.
buyer: Carasent (OB:CARA:$12.97)
Carasent is an investment management company in Norway that focuses on businesses that develop entrepreneurial and e-health solutions. Carasent's strategy is to continue to develop and expand digitalization that helps customers to meet challenges in providing efficient health care services. "
target: Medrave Software AB
Medrave is a market leader in Scandinavia within quality improvement software for healthcare practices within primary care and secondary outpatient care. Their quality improvement solution automatically collects and sorts data and provides automatic reporting to healthcare professionals.
price ($mm)
$15
rev ($mm)
$3
EBITDA ($mm)
$1
EV / rev
5.8x
EV / EBITDA
22.3x
closed 6/8/2022 via PR Newswire

Unison Inc., acquired Plan4 Healthcare

synopsis: Unison, the leading provider of Program Management and Acquisition software to federal agencies, has acquired Plan4 Healthcare, a provider of planning, performance, and budget tracking solutions for the Veterans Health Administration (VHA). Plan4 enables hospital executives to plan resources more accurately and direct operations more effectively.
buyer parent: ABRY Partners, LLC
buyer: Unison Inc.
Unison is the leading provider of Contract Management, Program Management, and Acquisition software. Unison's secure cloud and on-premise software, marketplace, and information products support users in leading federal prime contractors, all US cabinet-level agencies, and major DoD programs. "
target: Plan4 Healthcare
Plan4 Healthcare is the leading provider of planning, performance, and budget tracking solutions to the Veterans Health Administration (VHA). Plan4 enables hospital executives and managers to plan resources more accurately, manage finances more efficiently, and direct operations more effectively.
price ($mm)
rev ($mm)
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closed 1/18/2016 via PR Newswire

Sentry Data Systems, Inc., acquired Agilum Healthcare Intelligence

synopsis: Sentry Data Systems, Inc. announced its acquisition of Nashville-based Agilum Healthcare Intelligence. The company provides enterprise business intelligence solutions that help health systems improve operating performance through increased transparency and access to actionable financial information.
buyer: Sentry Data Systems, Inc.
Sentry Data Systems, Inc. provides technology solutions that help healthcare providers address their three biggest challenges: reducing total cost of care, managing compliance and producing better outcomes. "
target: Agilum Healthcare Intelligence
Agilum provides business intelligence solutions and services that are designed to meet the specific needs of hospitals and healthcare systems.
price ($mm)
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closed 3/27/2015 via BNC Analysis

Telstra Corporation Limited, acquired Dr Foster

synopsis: Telstra has acquired British health analytics company Dr Foster as part of its recent push to grow profits from non-traditional businesses. Dr Foster is a London-based company part-owned by the UK's Department of Health. It makes software used by healthcare providers to rank and compare the performance of different hospitals and medical staff.
buyer: Telstra Corporation Limited (ASX:TLS:$17,503.32)
Telstra Corporation Limited (known as Telstra) is Australia's largest telecommunications and media company which builds and operates telecommunications networks and markets voice, mobile, internet access, pay television and other entertainment products and services. "
target: Dr Foster
Dr Foster works with healthcare organisations to achieve sustainable improvements in their performance through better use of data. Dr Foster is the leading provider of healthcare variation analysis and clinical benchmarking solutions worldwide.
price ($mm)
$45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/14/2020 via PR Newswire

FORM.com, acquired GoSpotCheck

synopsis: FORM.com, a global leader in mobile data collection, has acquired GoSpotCheck, the leading provider of mobile task management and image recognition software. GoSpotCheck enables retailers, restaurants, facility managers, and healthcare organizations to collect, organize, aggregate and analyze data from the field in order to improve operations.
buyer parent: Diversis Capital
buyer: FORM.com
FORM.com is a global leader in mobile data collection. FORM.com helps mid to large organizations improve how they collect, manage, and leverage data across the enterprise. Their platform enables businesses automate tasks, improve business processes, and drive better decisions. "
target: GoSpotCheck
GoSpotCheck is a leading provider of mobile task management and image recognition software. GoSpotCheck enables retailers, restaurants, facility managers, and healthcare organizations to collect, organize, aggregate and analyze data from the field in order to improve operations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/17/2019 via PE Hub

Arsenal Capital Partners, acquired Accumen Inc.

synopsis: Arsenal Capital Partners, a leading private equity firm that invests in middle-market healthcare and specialty industrials companies, announced the acquisition of Accumen Inc., a leading technology-enabled provider of health system performance optimization solutions, from Accretive, LLC.
buyer: Arsenal Capital Partners
Established in 2000, Arsenal is a leading private equity firm that specializes in investments in middle-market specialty industrials and healthcare companies. Since inception, Arsenal has raised institutional equity investment funds of approximately $3 billion. "
target parent: Accretive, LLC
target: Accumen Inc.
Accumen is a provider of cloud-based clinical laboratory management solutions. Accumen Inc. is a leading healthcare performance partner providing end-to-end services to drive value and long-term sustainability for the clinical lab, outreach services, patient blood management, and imaging services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/18/2019 via Company Press Release

Hyland Software, Inc., will purchase ECM Business from Streamline Health

synopsis: Streamline Health Solutions, Inc. has agreed to sell its Enterprise Content Management (ECM) business to Hyland, a leading content services provider and software company. Streamline Health ECM simplifies the process of converting documents to digital images and enables them to be incorporated and integrated into electronic health record systems.
buyer parent: Thoma Bravo, LLC
buyer: Hyland Software, Inc.
Hyland is a leading content services provider and software company. Through their OnBase platform, Hyland provides enterprise content management (ECM), case management, business process management (BPM), and records management all in a singular place. "
seller: Streamline Health (STRM:$11.45)
Streamline Health Enterprise Content Management (ECM) simplifies the process of converting documents to digital images and enables them to be incorporated and integrated into electronic health record (EHR) systems.
price ($mm)
$16
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/5/2012 via PR Newswire

The Advisory Board Company, acquired ActiveStrategy, Inc.

synopsis: The Advisory Board Company announced the acquisition of ActiveStrategy, Inc., a Philadelphia-based performance improvement technology and consulting firm with unmatched solutions for tracking and augmenting organizational effectiveness.
buyer: The Advisory Board Company (ABCO:$799.15)
The Advisory Board Company is a leading research, consulting, and technology services firm serving a global network of 150,000+ leaders in 3,700 health care and higher education organizations. "
target: ActiveStrategy, Inc.
ActiveStrategy, Inc. provides strategic consulting and Web-based software that facilitates and accelerates enterprise strategy execution. In addition, the company provides technology-enabled and management consulting services.
price ($mm)
$13
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/2/2018 via Company Press Release

Clanwilliam Group Ltd., acquired Konnect NET

synopsis: Global healthcare technology specialist Clanwilliam Group has welcomed innovative Kiwi company Konnect NET to its rapidly growing family of companies. Konnect NET provides business process management solutions and services to clients in the insurance, health, and corporate sectors.
buyer parent: Eli Global, LLC
buyer: Clanwilliam Group Ltd.
Clanwilliam Group, headquartered in Dublin, is an expanding healthcare, technology and services business. They develop, sell and integrate a range of technology solutions and services predominately to the GP, Private Consultant and pharmacy communities. "
target: Konnect NET
Konnect NET provides business process management solutions and services to clients in the insurance, health, and corporate sectors. All major insurers and General Practitioner practices in New Zealand now manage insurance medical requests through Konnect NET.
price ($mm)
rev ($mm)
EBITDA ($mm)
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EV / EBITDA
announced 10/1/2012 via BusinessWire

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

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)
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EV / EBITDA
closed 7/6/2018 via Company Press Release

iContracts, Inc, acquired PolicyMedical

synopsis: iContracts, a leading provider of cloud-based contract, compliance, and revenue management solutions announced that it has acquired Toronto, Canada based PolicyMedical, an industry-leading provider of cloud-based policy lifecycle management solutions.
buyer parent: Susquehanna International Group, LLP
buyer: iContracts, Inc
iContracts is a leading cloud-based, software-as-a-service (SaaS) provider of contract management and compliance solutions for healthcare, education and industrial customers. "
target: PolicyMedical
Toronto, Canada based PolicyMedical is an industry-leading provider of cloud-based policy lifecycle management solutions. Their comprehensive SaaS-based solutions enable healthcare organizations to centralize and standardize the administration of policies and procedures.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2017 via PE Hub

iContracts, Inc, acquired PolicyStat, LLC

synopsis: iContracts, a leading provider of cloud‐based contract, compliance, and revenue management solutions has acquired PolicyStat, LLC, a Carmel, Indiana‐based, industry-leading provider of cloud-based policy lifecycle management solutions.
buyer parent: Susquehanna International Group, LLP
buyer: iContracts, Inc
iContracts is a leading cloud-based, software-as-a-service (SaaS) provider of contract management and compliance solutions for healthcare, education and industrial customers. "
target: PolicyStat, LLC
PolicyStat provides industry‐leading policy management software for the healthcare market with customers including hospitals, labs, ambulatory surgery centers, integrated health networks, and a host of other facility types across several markets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/16/2017 via BusinessWire

NextGen Healthcare Information Systems, Inc., acquired EagleDream Health

synopsis: NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems, Inc. , announced the acquisition of EagleDream Health Inc. EagleDream Health is a cloud-based healthcare analytics company that drives meaningful insight across clinical, financial and administrative data to optimize practice performance.
buyer parent: Quality Systems, Inc.
buyer: NextGen Healthcare Information Systems, Inc. (:$603.57)
NextGen Healthcare helps ambulatory care organizations transition to value-based care by empowering them to nurture measurably healthier patient communities at lower cost. Their solutions help ease the burdens of HIT & enable practices to improve individual outcomes & nurture a healthier population."
target: EagleDream Health
EagleDream Health Inc. is a healthcare software analytics company that delivers a SaaS-based, comprehensive, and integrated solution that spans the entire clinical, financial, and administrative spectrum.
price ($mm)
$26
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/6/2018 via BNC Analysis

ABB Optical Group, LLC, will acquire Glimpse Live, LLC

synopsis: ABB Optical Group, which supplies optical products and services for the eyecare industry, has agreed to acquire Glimpse Live. Glimpse Live, based in Jacksonville Beach, Fla., is a data and analytics provider for eyecare professionals and other health care practitioners.
buyer: ABB Optical Group, LLC
ABB OPTICAL GROUP is a leading distributor of optical products in the United States. They supply nearly two-thirds of eye care professionals across the country with brand name contact lenses, fully customizable gas permeable and custom specialty soft contact lenses, ophthalmic lenses and more. "
target: Glimpse Live, LLC
Glimpse Live, based in Jacksonville Beach, Fla., is a data and analytics provider for eyecare professionals (ECP) and other health care practitioners. Glimpse’s software provides ECPs with industry-leading data and digital dashboards to increase revenue and profitability.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/21/2022 via Company Press Release

EMIS Group, acquired Edenbridge

synopsis: EMIS Group, a leading British provider of clinical IT software, has acquired primary care data and analytics specialist Edenbridge Healthcare, based in the Wakefield. The acquisition strengthens EMIS’s ability to support under-pressure primary care services through the post-Covid recovery, and to drive the future transformation of the NHS.
buyer: EMIS Group (AIM:EMIS:$221.66)
EMIS Group is a British leader in clinical IT software for joined-up patient care, supplying essential technology to 10,000 healthcare organisations across every major UK health sector. "
target: Edenbridge
Edenbridge is a leading primary care data and analytics specialist based in the UK. Its APEX software is a suite of business intelligence tools for GP practice and primary care organisations; providing real time insight to support patient access, efficiency, transformation and workforce planning.
price ($mm)
$5.47
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/21/2019 via Yahoo, Inc.

VitalHub, will acquire Oculys Health Informatics

synopsis: VitalHub is pleased to announce it has entered into an agreement to acquire all of the issued and outstanding shares of Oculys Health Informatics Inc. Oculys provides a real-time and predictive operational management system for hospitals. The company currently has 18 hospital customers located across Ontario and Manitoba.
buyer: VitalHub (TSXV:VHI:$19.27)
VitalHub delivers a platform for the creation of mobile health applications that increases productivity within healthcare settings. The VitalHub platform provides the ability to integrate existing healthcare applications while maintaining the control, security and privacy essential in healthcare. "
target: Oculys Health Informatics
Oculys provides a real-time and predictive operational management system for hospitals. The company currently has 18 hospital customers located across Ontario and Manitoba. Oculys develops practical operational visibility solutions for healthcare professionals.
price ($mm)
$3.22
rev ($mm)
$2
EBITDA ($mm)
$0
EV / rev
2.0x
EV / EBITDA
9.9x
announced 8/2/2013 via BusinessWire

Patterson Companies, Inc., will purchase OnTrack from Mercer Advisors

synopsis: Patterson Companies, Inc. announced an all-cash purchase agreement to acquire Mercer Mastery. Through the acquisition, Patterson will gain Mercer’s proprietary OnTrack dental practice performance software system. OnTrack is a cloud-based business intelligence system that allows dentists to choose growth targets for their practice.
buyer: Patterson Companies, Inc. (PDCO:$3,535.66)
Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets. As Patterson's largest business, Patterson Dental provides a virtually complete range of consumable dental products, equipment and software. "
seller: Mercer Advisors
OnTrack is a cloud-based business intelligence system that allows dentists to choose growth targets for their practice and then create a business plan to achieve those goals. OnTrack monitors, measures and helps manage key performance indicators known to drive practice growth.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2018 via BNC Analysis

Vetsource, acquired Vet Success Inc.

synopsis: Vetsource®, a technology-enabled healthcare services company with a platform designed to empower veterinarians to deliver better care to their patients, has acquired the majority share in Toronto-based VetSuccess®, a foremost expert in veterinary data analytics, machine learning and business intelligence.
buyer: Vetsource
Vetsource is a healthcare information technology company that provides innovative pharmacy, technology and business services to veterinarians. As the largest Home Delivery pharmacy provider to veterinarians, it sources products directly from the manufacturers. "
target: Vet Success Inc.
Toronto-based VetSuccess® is a foremost expert in veterinary data analytics, machine learning and business intelligence. VetSuccess' services address some of the industry's most complex data challenges and provide actionable insights to veterinarians, practice groups and industry partners.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/23/2011 via GlobeNewswire

M*Modal, acquired Poiesis Informatics, Inc.

synopsis: MedQuist Holdings Inc. announced the acquisition of Poiesis Informatics, Inc., a provider of workflow orchestration software solutions to the healthcare industry. Poiesis willl be combined with M*Modal, a leader in advanced Speech and Natural Language Understanding technology, which was purchased by MedQuist in August 2011.
buyer parent: MedQuist Inc.
buyer: M*Modal
M*Modal, a leader in advanced Speech and Natural Language Understanding technology, transforms narrative medical documentation into structured, encoded information to create meaningful, valuable clinical intelligence that can be shared, analyzed, and used to inform collaborative care. "
target: Poiesis Informatics, Inc.
Poiesis Informatics, Inc. provides workflow orchestration software solutions to the healthcare industry. Its offerings include Catalyst™, Fluency™, and Scout™. Poiesis was founded in 2007 and is based in Pittsburgh, Pennsylvania.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 4/25/2022 via BNC Analysis

TPG Capital, will purchase ClaimsXten from Change Healthcare Corporation

synopsis: TPG, a leading global alternative asset firm, will acquire ClaimsXten from Change Healthcare, a leading independent healthcare technology company. ClaimsXten is a rules-based claims payment software solution for healthcare payers who want help to improve payment accuracy and reduce appeals.
buyer: TPG Capital
TPG is a leading global alternative asset firm founded in 1992 with more than $109 billion of assets under management. TPG's investment platforms are across a wide range of asset classes, including private equity, growth equity, impact investing, real estate, secondaries, and public equity. "
seller parent: UnitedHealth Group
seller: Change Healthcare Corporation (CHNG:$196.79)
ClaimsXten is a rules-based claims payment software solution for healthcare payers who want help to improve payment accuracy and reduce appeals. ClaimsXten is a product of Change Healthcare, a leading independent healthcare technology company.
price ($mm)
$2,200
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/7/2021 via BusinessWire

Change Healthcare Corporation will be merged with Optum,

synopsis: Optum, a diversified health services company, and Change Healthcare, a health care technology leader, are to merge. Change Healthcare will join with OptumInsight to provide software and data analytics, technology-enabled services and research, advisory and revenue cycle management offerings to help make health care work better for everyone.
buyer parent: UnitedHealth Group
buyer: Optum
Optum is a health services and innovation company on a mission to help make the health system work better for everyone. They combine data and analytics with technology and expertise to power modern health care. "
target: Change Healthcare Corporation (CHNG:$196.79)
Change Healthcare is a leading independent healthcare technology company that provides data and analytics-driven solutions to improve clinical, financial and patient engagement outcomes in the U.S. healthcare system.
price ($mm)[EV]
$8,616 [$13,440]
rev ($mm)
$2,432
EBITDA ($mm)
EV / rev
5.6x
EV / EBITDA
closed 12/3/2020 via BusinessWire

HealthStream, Inc., purchased ANSOS Staff Scheduling from Change Healthcare Corporation

synopsis: HealthStream, a leading provider of workforce and provider solutions for the healthcare industry, announced that it has acquired Change Healthcare’s staff scheduling business, which includes their market-leading ANSOS™ Staff Scheduling (ANSOS) application and related products.
buyer: HealthStream, Inc. (HSTM:$258.61)
HealthStream is dedicated to improving patient outcomes through the development of healthcare organizations' people. Their solutions are contracted by healthcare organizations for workforce development, management, credentialing, provider enrollment, performance assessment, and more. "
seller: Change Healthcare Corporation (CHNG:$196.79)
ANSOS is an enterprise solution for healthcare providers that want to anticipate workload requirements, manage labor costs, apply complex work rules, and meet credential requirements for shifts—all for the purpose of optimizing staff deployment. It is used by over 300 hospitals and health systems.
price ($mm)
$68
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/26/2020 via BusinessWire

Change Healthcare Corporation, acquired PROMETHEUS Analytics

synopsis: Change Healthcare announced it has acquired PROMETHEUS Analytics® from Altarum. PROMETHEUS Analytics is a leading reimbursement approach based on medical episodes of care, used by payer-provider collaborations nationwide, uniquely providing a fair and realistic blueprint for value-based payments.
buyer: Change Healthcare Corporation (CHNG:$196.79)
Change Healthcare is a leading independent healthcare technology company that provides data and analytics-driven solutions to improve clinical, financial and patient engagement outcomes in the U.S. healthcare system. "
target parent: Altarum
target: PROMETHEUS Analytics
PROMETHEUS Analytics is a leading reimbursement approach based on medical episodes of care, used by payer-provider collaborations nationwide, uniquely providing a fair and realistic blueprint for value-based payments.
price ($mm)
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closed 8/18/2020 via BusinessWire

Change Healthcare Corporation, acquired NucleusHealth, LLC

synopsis: Change Healthcare announced the acquisition of Nucleus.io, a leader in the development of advanced, fully enabled, cloud-native imaging and workflow technology. Nucleus.io offers a zero-footprint diagnostic viewer with patented streaming technology, workflow and image sharing solutions.
buyer: Change Healthcare Corporation (CHNG:$196.79)
Change Healthcare is a leading independent healthcare technology company that provides data and analytics-driven solutions to improve clinical, financial and patient engagement outcomes in the U.S. healthcare system. "
target: NucleusHealth, LLC
Nucleus.io is a leader in the development of advanced, fully enabled, cloud-native imaging and workflow technology. Nucleus.io offers a zero-footprint diagnostic viewer with patented streaming technology, workflow and image sharing solutions.
price ($mm)
$208
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/1/2020 via BusinessWire

Change Healthcare Corporation, acquired PDX, Inc.

synopsis: Change Healthcare has acquired PDX, a leader in providing patient centric and innovative technologies for pharmacies and health systems. The acquisition will allow for faster, more integrated development and cross selling opportunities for Change Healthcare’s combined portfolio of pharmacy network, software, and analytics solutions.
buyer: Change Healthcare Corporation (CHNG:$196.79)
Change Healthcare is a leading independent healthcare technology company that provides data and analytics-driven solutions to improve clinical, financial and patient engagement outcomes in the U.S. healthcare system. "
target: PDX, Inc.
PDX provides patient-centric and innovative technologies for pharmacies and health systems. Their Enterprise Pharmacy System software is a comprehensive suite of products and services that range from robust data analytics to revenue cycle management.
price ($mm)
$208
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/6/2020 via BNC Analysis

Change Healthcare Corporation, acquired eRx Network, LLC

synopsis: Change Healthcare bought back its pharmacy unit, eRx Network. eRx Network, LLC provides pharmacy claims switching and secure electronic prescription routing solutions that are designed to help retail pharmacies improve operational efficiency, optimize reimbursement and improve pharmacy profitability and customer loyalty.
buyer: Change Healthcare Corporation (CHNG:$196.79)
Change Healthcare is a leading independent healthcare technology company that provides data and analytics-driven solutions to improve clinical, financial and patient engagement outcomes in the U.S. healthcare system. "
target parent: Blackstone Group LP
target: eRx Network, LLC
eRx Network, LLC provides pharmacy claims switching and secure electronic prescription routing solutions that are designed to help retail pharmacies improve operational efficiency, optimize reimbursement and improve pharmacy profitability and customer loyalty.
price ($mm)
$213
rev ($mm)
$67
EBITDA ($mm)
EV / rev
3.2x
EV / EBITDA
closed 5/6/2020 via BusinessWire

Kaufman Hall, purchased Connected Analytics Business from Change Healthcare Corporation

synopsis: Change Healthcare announced the sale of its Connected Analytics business to Kaufman Hall, a leading provider of enterprise performance management (EPM) software. Products in the Connected Analytics business include Performance Manager and Analytics Explorer, as well as Data Platform & Solutions, HIE, and Orders & Results.
buyer: Kaufman Hall
Kaufman Hall provides a unique combination of software, data and management consulting solutions to help society’s foundational institutions realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams. "
seller: Change Healthcare Corporation (CHNG:$196.79)
The Connected Analytics business includes Performance Manager and Analytics Explorer, as well as Data Platform & Solutions, HIE, and Orders & Results. They consist of solutions for providers that want to leverage financial, clinical, and operational data to improve quality, reduce cost and risk.
price ($mm)
$55
rev ($mm)
EBITDA ($mm)
EV / rev
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)
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closed 7/2/2018 via BusinessWire

Netsmart Technologies, Inc., purchased Home Care and Hospice Solutions from Change Healthcare Corporation

synopsis: Netsmart, a company that develops health information technology, including electronic health records, has completed the acquisition of the home care and hospice solutions of Change Healthcare, formerly known as McKesson Homecare and McKesson Hospice. This includes the Change Healthcare Homecare Advisor™ and Hospice Advisor™ solutions.
buyer: Netsmart Technologies, Inc. (:$59.05)
Netsmart innovates electronic health records (EHRs), solutions and services that are powerful, intuitive and easy-to-use. Their platform provides accurate, up-to-date information which is easily accessible to care team members in behavioral health, care at home, senior living and social services. "
seller parent: McKesson Corporation
seller: Change Healthcare Corporation (CHNG:$196.79)
The acquisition includes the home care and hospice solutions of Change Healthcare, formerly known as McKesson Homecare and McKesson Hospice. Homecare Advisor and Hospice Advisor increase clinician satisfaction and efficiency, providing more time to focus on patient care.
price ($mm)
$165
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/18/2018 via Company Press Release

Change Healthcare Corporation, acquired National Decision Support Company

synopsis: Change Healthcare announced the acquisition of National Decision Support Company (NDSC), a leader in cloud-based solutions that deliver medical guidelines to the point of care through leading electronic health record (EHR) systems.
buyer parent: McKesson Corporation
buyer: Change Healthcare Corporation (CHNG:$196.79)
Change Healthcare is inspiring a better healthcare system. They leverage their software and analytics, network solutions, and technology-enabled services to help them improve efficiency, reduce costs, increase cash flow, and more effectively manage complex workflows. "
target: National Decision Support Company
National Decision Support Company (NDSC) is a leader in cloud-based solutions that deliver medical guidelines to the point of care through leading electronic health record (EHR) systems.
price ($mm)
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closed 11/20/2017 via PR Newswire

Change Healthcare Corporation, acquired Docufill, LLC

synopsis: Change Healthcare has acquired Docufill, LLC, a cloud-based technology that allows providers to use a single shared form across the organization to streamline the otherwise administratively complex and redundant credentialing process.
buyer parent: McKesson Corporation
buyer: Change Healthcare Corporation (CHNG:$196.79)
Change Healthcare is inspiring a better healthcare system. They leverage their software and analytics, network solutions, and technology-enabled services to help them improve efficiency, reduce costs, increase cash flow, and more effectively manage complex workflows. "
target: Docufill, LLC
Docufill, LLC is a cloud-based technology that allows providers to use a single shared form across the organization to streamline the otherwise administratively complex and redundant credentialing process.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/28/2016 via BusinessWire

Change Healthcare Corporation will be merged with McKesson Corporation,

synopsis: McKesson Corporation, a leading global healthcare services and information technology company, and Change Healthcare Holdings, Inc., a leading provider of software and analytics, network solutions and technology-enabled services, announced the creation of a new healthcare information technology company.
buyer: McKesson Corporation (MCK:$263,966.00)
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: Blackstone Group LP
target: Change Healthcare Corporation (CHNG:$196.79)
Change Healthcare is a leading provider of software and analytics, network solutions and technology-enabled services that optimize communications, payments and actionable insights designed to enable smarter healthcare.
price ($mm)
rev ($mm)
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closed 12/8/2014 via BusinessWire

Emdeon, Inc., acquired Change Healthcare Corporation

synopsis: Emdeon Inc. announced it has acquired Change Healthcare, a market leader in healthcare consumer engagement and transparency. Change Healthcare is a premier national provider of healthcare consumer engagement and transparency solutions.
buyer parent: Blackstone Group LP
buyer: Emdeon, Inc.
Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers, pharmacies and patients in the U.S. healthcare system. "
target: Change Healthcare Corporation (CHNG:$196.79)
Change Healthcare is a premier national provider of healthcare consumer engagement and transparency solutions, enabling consumers to: better understand and utilize their healthcare benefits; make informed healthcare purchasing decisions based on quality, cost and convenience; and realize savings.
price ($mm)
$135
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/6/2020 via BusinessWire

Kaufman Hall, purchased Connected Analytics Business from Change Healthcare Corporation

synopsis: Change Healthcare announced the sale of its Connected Analytics business to Kaufman Hall, a leading provider of enterprise performance management (EPM) software. Products in the Connected Analytics business include Performance Manager and Analytics Explorer, as well as Data Platform & Solutions, HIE, and Orders & Results.
buyer: Kaufman Hall
Kaufman Hall provides a unique combination of software, data and management consulting solutions to help society’s foundational institutions realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams. "
seller: Change Healthcare Corporation (CHNG:$196.79)
The Connected Analytics business includes Performance Manager and Analytics Explorer, as well as Data Platform & Solutions, HIE, and Orders & Results. They consist of solutions for providers that want to leverage financial, clinical, and operational data to improve quality, reduce cost and risk.
price ($mm)
$55
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/5/2017 via PR Web

Kaufman Hall, acquired Retikal LLC

synopsis: Kaufman Hall, a leading provider of management consulting services and enterprise performance management software, announced the acquisition of Retikal LLC, a Portland, OR-based software consulting company with market leading Higher Education enterprise performance management (EPM) software development and delivery capabilities.
buyer: Kaufman Hall
Kaufman Hall provides management consulting and software to help organizations realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor, helping incorporate proven methods into strategic planning and financial management processes. "
target: Retikal LLC
Retikal LLC, a Portland, OR-based software consulting company with market leading Higher Education enterprise performance management (EPM) software development and delivery capabilities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/28/2016 via Company Press Release

Kaufman Hall, acquired Kreg Information Systems

synopsis: Kaufman Hall, a leading provider of management consulting services and enterprise performance management software, announced the acquisition of KREG Information Systems (KREG), a leading provider of contract modeling, budgeting, and decision support software for healthcare providers.
buyer: Kaufman Hall
Kaufman Hall provides management consulting and software to help organizations realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor, helping incorporate proven methods into strategic planning and financial management processes. "
target: Kreg Information Systems
KREG Information Systems (KREG), a leading provider of contract modeling, budgeting, and decision support software for healthcare providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/23/2014 via BusinessWire

Kaufman Hall, acquired Axiom EPM

synopsis: Kaufman Hall, the leading provider of strategic financial consulting services and software tools to healthcare organizations, announced that it has completed the acquisition of Axiom EPM, a software company that delivers performance management solutions used by leading organizations in sectors including healthcare, higher education and banking.
buyer: Kaufman Hall
Kaufman Hall is a leading software provider and advisor to hospitals and health systems. They provide integrated management solutions which includes consulting services and software tools designed to facilitate and sustain organizational improvement. "
target: Axiom EPM
Axiom EPM provides sophisticated, flexible performance management solutions for budgeting and forecasting, reporting and analytics, strategy management, consolidations, capital planning, profitability and cost management are delivered on a single unified platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/29/2021 via BusinessWire

eMids Technologies, acquired Macadamian

synopsis: emids has acquired Macadamian, a Canadian full-service software design and development consulting firm. The addition of Macadamian’s design-first capabilities is a perfect complement and will help both emids and Macadamian customers work with a single partner that brings in great depth and breadth in domain, design and engineering.
buyer parent: New Mountain Capital, LLC
buyer: eMids Technologies
emids is a provider of digital transformation solutions to the healthcare industry. emids helps bridge gaps in providing accessible healthcare by providing digital transformation services, custom application development, data engineering, business intelligence solutions, and consulting services. "
target: Macadamian
Based in Canada, Macadamian develops digital and connected experiences to improve healthcare. Macadamian is a full-service software design and development consulting firm that provides a complete range of product strategy, user experience design and research, and software engineering services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2020 via BusinessWire

Byte Sized Solutions LLC merged with EHR Integration Services,

synopsis: EHR Integration Services and Byte Sized Solutions’ Clinical Services, a healthcare technology company that develops software and supporting services to connect systems, empower patients and amplify health care efficiency, have completed their merger to form Keena Healthcare Technology.
buyer: EHR Integration Services
EHR Integration Services (EHRis) is a top-rated company for EHR related applications, integration, data migration, EHR conversions, interoperability and interface development between the practitioner and the systems they use every day. "
target: Byte Sized Solutions LLC
Founded in 2006, Byte Sized Solutions is a healthcare technology company that develops software and supporting services to connect systems, empower patients and amplify health care efficiency.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/6/2015 via BusinessWire

IMS Health Incorporated, acquired Dataline Software

synopsis: IMS Health has acquired Dataline Software, a leader in Big Data analytics for healthcare. U.K.-based Dataline has worked closely with life sciences companies, payers, healthcare authorities and academia to deliver tailored software for rapid analysis and elegant visualizations of large, complex healthcare data sets.
buyer: IMS Health Incorporated (NYSE:IQV:$10,412.00)
IMS Health is an information and technology services company providing clients in the healthcare industry with solutions to measure and improve their performance. The company's IMS One™ cloud platform provides comprehensive insights into diseases, treatments, costs and outcomes. "
target: Dataline Software
Dataline is a software solutions company specializing in big-data analytics solutions for healthcare. They also provide consultancy, training, system implementation, application development and technical support to a wide and varied client base.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/16/2011 via BusinessWire

NextGen Healthcare Information Systems, Inc., will acquire CQI Solutions, Inc.

synopsis: Quality Systems, Inc. ("QSI") has entered into an agreement to acquire CQI Solutions, Inc. ("CQI"), a provider of surgery information systems installed at more than 100 of the nation’s premier hospitals. CQI will become part of QSI’s wholly owned subsidiary, NextGen Healthcare Information Systems, Inc.
buyer parent: Quality Systems, Inc.
buyer: NextGen Healthcare Information Systems, Inc. (:$603.57)
NextGen Healthcare Information Systems, Inc. develops computer-based practice management and electronic medical records systems, and provides related services to medical group practices and healthcare systems. "
target: CQI Solutions, Inc.
CQI Solutions, Inc. is a provider of surgery information systems. It offers a range of solutions, including hospital-wide patient scheduling, patient tracking boards, clinical department procedural costing & charge capture, complete surgical services management and electronic charting.
price ($mm)
$5.60
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/9/2019 via Company Press Release

Germanedge, acquired ORSOFT GmbH

synopsis: Germanedge, a German group that offers software solutions for the manufacturing industry, has acquired ORSOFT, a software and consulting company in Germany. ORSOFT develops innovative solutions as an addition to SAP products. ORSOFT offers solutions for advanced planning and scheduling, supply chain management, and master data management.
buyer parent: Alpina Partners
buyer: Germanedge
Germanedge is a German group that offers software solutions for the manufacturing industry. They offer solutions for equipment productivity, worker productivity as well as product quality. The group is comprised of Gefasoft, MES Solutions, and QDA Solutions. "
target: ORSOFT GmbH
ORSOFT is a software and consulting company in Germany. ORSOFT develops innovative solutions as an addition to SAP products. ORSOFT offers solutions for advanced planning and scheduling, supply chain management, master data management as well as specific applications for the healthcare sector.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/21/2016 via Company Press Release

GPI S.p.A., will acquire Insiel Mercato SpA

synopsis: TBS Group has signed a binding contract to sell 55% stake in Insiel Mercato S.p.A. to the GPI Group. Insiel Mercato SpA engineers, builds, and maintains hospital information technology systems for the public and private health service sector.
buyer: GPI S.p.A. (BIT:GPI:$269.49)
Through its subsidiaries, GPI operates in a range of sectors: professional IT services, drug management logistics and robotisation (automated management systems for hospital-based and private pharmacies) and social assistance and healthcare services. "
target parent: TBS Group
target: Insiel Mercato SpA
Insiel Mercato SpA engineers, builds, and maintains hospital information technology systems for the public and private health service sector.
price ($mm)[EV]
$1.88 [$10.98]*
rev ($mm)
$24
EBITDA ($mm)
$2
EV / rev
0.5x
EV / EBITDA
7.0x
closed 4/30/2012 via Market Wire

MedPricer.com, acquired DataPros for Healthcare, Inc.

synopsis: MedPricer, the leader in cloud-based e-Sourcing services for healthcare contracting, announced its acquisition of Tampa, FL-based DataPros for Healthcare, the data-centric industry forerunner known for unprecedented data quality and business intelligence. DataPros is a national data-centric company specializing in the healthcare supply chain.
buyer: MedPricer.com
MedPricer provides an e-Sourcing solution designed for the unique requirements of the healthcare supply chain. Its cloud-based negotiation platform provides the flexibility to source nearly every expense category in a hospital, allowing clients to negotiate contracts during a live-bid process. "
target: DataPros for Healthcare, Inc.
DataPros, founded in 2003, is a national data-centric company specializing in the healthcare supply chain. DataPros maximizes the integrity of procurement, contract, and charging data to enable the optimal use of technologies thereby driving systemic efficiency and overall lower costs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/22/2021 via PR Newswire

Akerna, will acquire 365 Cannabis

synopsis: Akerna, an enterprise software, leading compliance technology provider, and developer of the cannabis industry's first seed-to-sale enterprise resource planning (ERP) software technology, will acquire 365 Cannabis, a cannabis business management software system built on Microsoft's Dynamics 365 Business Central.
buyer: Akerna (KERN:$13.09)
Akerna is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industries. Using connected data and information to propel the cannabis industry forward, Akerna empowers businesses, governments, patients, and consumers to make smart decisions. "
target: 365 Cannabis
365 Cannabis is a comprehensive vertically integrated cannabis software solution built on the Microsoft Dynamics platform. The company is a Microsoft Gold Partner and its Enterprise Resource Planning solution incorporates cultivation, production, global compliance, quality control, finance and more.
price ($mm)
$17
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/5/2014 via BNC Analysis

MedStatix, acquired Blue Ocean Solutions & Support

synopsis: MedStatix has acquired Blue Ocean Solutions & Support. Blue Ocean is an IT and practice management consulting firm that provides infrastructure, Electronic Medical Records (EHR/EMR), website development and updated knowledge of government programs for clients in family practice, infectious disease, OB/GYN, ophthalmology, otolaryngology and urology.
buyer: MedStatix
MedStatix is a specialty-specific patient experience solution for physicians that is affordable and simple-to-use. Their surveys and mobile tools are created in cooperation with leading physician experts and leverage sophisticated engagement technology to build personal relationships with patients. "
target: Blue Ocean Solutions & Support
Blue Ocean is an IT and practice management consulting firm that provides infrastructure, Electronic Medical Records (EHR/EMR), website development and updated knowledge of government programs for clients in family practice, infectious disease, OB/GYN, ophthalmology, otolaryngology and urology.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/11/2019 via PR Web

ESO Solutions, acquired Digital Innovation, Inc.

synopsis: ESO, the leading data and software company serving emergency medical services (EMS), fire departments and hospitals, has acquired Digital Innovation (DI), a full service software solutions provider that specializes in the design and development of medical registries, case management and related database apps.
buyer: ESO Solutions
ESO is dedicated to improving community health and safety through the power of data. Since its founding in 2004, the company continues to pioneer innovative, user-friendly software to meet the changing needs of today’s EMS agencies, fire departments, and hospitals. "
target: Digital Innovation, Inc.
Digital Innovation (DI) is a software solutions provider that specializes in the design and development of medical registries, case management and related database apps. DI provides data management and analysis products, as well as numerous software engineering and app development services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/29/2022 via BusinessWire

Performant Capital, acquired On Demand Solutions Inc.

synopsis: Performant Capital has acquired On Demand Solutions Inc. (“ODS”), a provider of practice management software, revenue cycle management, staffing support and business advisory services to healthcare service providers and organizations.
buyer: Performant Capital
Performant Capital is a Chicago-based, lower middle market private equity firm focused on investments in technology-driven companies. Performant acquires businesses across SaaS, technology-enabled services, and data intelligence products and services. "
target: On Demand Solutions Inc.
On Demand Solutions provides practice management software, revenue cycle management, staffing support and business advisory services to healthcare service providers and organizations. Its solutions improve business operational efficiency, reduce administrative costs, and assure managerial control.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/3/2015 via PR Newswire

Encoda, LLC., acquired Strategic Management Consultants, Inc.

synopsis: Encoda LLC, developer of Encoda BackOffice revenue cycle management and analytics software used nationally by physician practices to improve collections, minimize denied claims and enhance medical billing software, announced it has acquired Strategic Management Consultants, provider of revenue cycle management consulting and services.
buyer: Encoda, LLC.
Encoda provides medical groups and medical billing companies with cloud-based software and technology-based transaction and business intelligence services to significantly enhance the revenue cycle management process. "
target: Strategic Management Consultants, Inc.
Strategic Management Consultants provides revenue cycle management consulting and services throughout the central and eastern U.S. to improve financial performance in medical practices. It offers implementation, on-demand training, RCM, IT consultation, and privacy and security compliance.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/25/2012 via BusinessWire

NextGen Healthcare Information Systems, Inc., acquired Matrix Management Solutions

synopsis: Quality Systems, Inc. announced the acquisition of Matrix Management Solutions to support the growth of its NextGen™ Practice Solutions offering. Matrix provides training, design, implementation and support for revenue cycle management, using NextGen Healthcare’s suite of practice management software and electronic health record solutions.
buyer parent: Quality Systems, Inc.
buyer: NextGen Healthcare Information Systems, Inc. (:$603.57)
NextGen Healthcare Information Systems, Inc. provides integrated electronic health record and practice management systems, connectivity solutions and billing services for hospitals and ambulatory practices of all sizes and specialties. "
target: Matrix Management Solutions
Founded in 1998, by physicians, for physicians, Matrix provides training, design, implementation and support for revenue cycle management, using NextGen Healthcare’s suite of practice management software and electronic health record solutions.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/25/2010 via PR Newswire

Entrust Healthcare, acquired PRISMA Systems Medical Billing

synopsis: Entrust Healthcare announced it has expanded its physician billing and revenue cycle consulting services with the acquisition of PRISMA Systems Medical Billing. Entrust Practice Services has been created to provide a more comprehensive set of revenue cycle services.
buyer: Entrust Healthcare
Entrust Healthcare is a full service consulting and services firm specifically designed for physician practices, ambulatory care, diagnostic and surgery centers, urgent care providers and community medical centers. "
target: PRISMA Systems Medical Billing
Thousand Oaks, California based PRISMA Systems Medical Billing has been providing physician billing services and claims processing software consulting to provider practices in Southern California for the past 13 years.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/6/2020 via BNC Analysis

SYSTEMX, acquired Penaranda Informatique SAS

synopsis: SYSTEMX, a French software publisher that specializes in medical imaging, has acquired Penaranda Informatique from e-MEDIA, a French software company. Penaranda Informatique is a French company specializing in Radiology Information Systems (RIS). Penaranda Informatique provides installation, maintenance and repair services for RIS solutions.
buyer: SYSTEMX
SYSTEMX is a French software publisher that specializes in medical imaging. SYSTEMX offers medical imaging and workflow management solutions that meets the needs of every medical imaging center. Their web-based solutions enable radiology professionals to efficiently manage their business and images."
target parent: E-Media SARL
target: Penaranda Informatique SAS
Penaranda Informatique is a French company specializing in Radiology Information Systems (RIS). Penaranda Informatique provides installation, maintenance and repair services for RIS solutions. They provide their clients with secure and efficient systems to help them grow their business.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/2/2019 via GlobeNewswire

DAS Health, acquired Altex Business Solutions

synopsis: DAS Health, an industry leader in health IT and management, announced it completed the acquisition of Altex Business Solutions, one of the leading providers of Electronic Medical Records software, Practice Management software, Dell hardware and Cisco networking solutions for every category of Physician practices.
buyer: DAS Health
DAS Health is a leading provider of Health IT and management solutions and a trusted consultant to independent physician groups, hospitals and healthcare systems across North America. Headquartered in Tampa, FL, DAS delivers superior health IT, medical billing and practice management solutions. "
target: Altex Business Solutions
Altex Business Solutions is one of the leading providers of Electronic Medical Records software, Practice Management software, Dell hardware and Cisco networking solutions for every category of Physician practices.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/10/2011 via PR Newswire

Millennium Healthcare Solutions Inc., acquired Premier Technology Resources, LLC

synopsis: Millennium HealthCare Inc. completed its acquisition of Premier Technology Resources, LLC, a New York based company specializing in medical billing, collection and software consulting and implementation services to the healthcare community.
buyer parent: Zen Holding Corp.
buyer: Millennium Healthcare Solutions Inc. (OTCPK:MHCC:$4.80)
Millennium HealthCare Solutions Inc. serves as a leading medical device, medical technology and medical/healthcare services company through its subsidiaries Millennium Coding & Billing Specialists LLC, Millennium ProComm LLC and Millennium Medical Devices LLC. "
target: Premier Technology Resources, LLC
Premier Technology Resources, LLC provides innovative medical billing and technology solutions to maximize revenue and reduce overhead expenses. The company combines its industry experience and professionalism with advanced web based medical billing software.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/29/2016 via BNC Analysis

Senior Solution, will acquire att/PS Informática S.A.

synopsis: Senior Solution, one of the leading providers on the development and commercialization of software applications, has announced the purchase of ATT/PS Informatica S.A., a 26-year-old software provider for the financial sector, specializing in solutions for banks, pension providers and healthcare operators.
buyer: Senior Solution (SNSL3:$54.43)
Senior Solution operates for more than 17 years in the Brazilian IT industry and is one of the leading providers on the development and commercialization of software applications for the financial sector in Brazil. "
target: att/PS Informática S.A.
att/PS Informática S.A. develops custom solutions and integrated systems. They are one of the 200 largest technology companies in Brazil. The company was founded in 1989 and is based in Belo Horizonte, Brazil with an additional office in São Paulo, Brazil.
price ($mm)
$15
rev ($mm)
$15
EBITDA ($mm)
EV / rev
1.3x
EV / EBITDA
closed 8/10/2022 via GlobeNewswire

Diabsolut Inc., acquired Emelar Consulting Group

synopsis: Canadian Salesforce expert and innovative cloud solution provider Diabsolut has acquired Emelar Consulting Group. Emelar is a Salesforce consulting partner specializing in CPQ (Configure, Price, Quote) and Salesforce Field Service, who is known for their success in assisting manufacturing organizations address business concerns.
buyer: Diabsolut Inc.
Based in Montreal, Diabsolut is a Salesforce Summit Consulting Partner and has been a FinancialForce partner since 2014. Diabsolut has nearly 20 years of experience implementing Salesforce, Field Service, Revenue, and Higher Education solutions throughout North America. "
target: Emelar Consulting Group
Emelar Consulting Group is a Salesforce consulting partner specializing in CPQ (Configure, Price, Quote) and Salesforce Field Service, which helps organizations significantly improve performance, efficiencies, and bottom-line results through the Salesforce platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/2/2021 via GlobeNewswire

OpenBots Inc., acquired araZach

synopsis: OpenBots, Inc., the world's leading zero-friction RPA and workflow automation platform, has acquired araZach LLC, a Salesforce consultancy specializing in healthcare and life sciences. araZach helps their clients to implement successful Salesforce strategies. They offer services for Salesforce launch, integration, health cloud, and more.
buyer: OpenBots Inc.
OpenBots is the leading open source RPA (Robotic Process Automation) platform, empowering companies to profitably scale their RPA programs. The company's enterprise-grade RPA platform drives substantial value back to organizations in the form of ROI positive automations and cost savings. "
target: araZach
araZach is a Salesforce consultancy specializing in healthcare and life sciences. araZach helps their clients to implement successful Salesforce strategies. They offer services for Salesforce launch, integration, lightning apps, health cloud, marketing cloud, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

Like Connected Analytics Business


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Medrave Software AB

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Accumen Inc.

Streamline Health

ActiveStrategy, Inc.

Konnect NET

InforMed, LLC

PolicyMedical

PolicyStat, LLC

EagleDream Health

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Change Healthcare Corporation

Change Healthcare Corporation

Change Healthcare Corporation

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Change Healthcare Corporation

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Change Healthcare Corporation

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Change Healthcare Corporation

Retikal LLC

Kreg Information Systems

Axiom EPM

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Macadamian

Byte Sized Solutions LLC

Dataline Software

CQI Solutions, Inc.

ORSOFT GmbH

Insiel Mercato SpA

DataPros for Healthcare, Inc.

365 Cannabis

Blue Ocean Solutions & Support

Digital Innovation, Inc.

On Demand Solutions Inc.

Strategic Management Consultants, Inc.

Matrix Management Solutions

PRISMA Systems Medical Billing

Penaranda Informatique SAS

Altex Business Solutions

Premier Technology Resources, LLC

att/PS Informática S.A.

Emelar Consulting Group

araZach

Geography
Matching Companies
Ticker: STRM
 
 
 
 
 
 
 
 
Streamline Health
Streamline Health
Streamline Health Solutions, Inc. is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge­. Through their Looking Glass Platform they provide clients with meaningful, intelligent SaaS-based solutions from patient engagement to reimbursement.
year
2021
rev ($mm)
$11.45
EBITDA ($mm)
($5.90)
EBIT ($mm)
($6.45)
Net Income ($mm)
Employees
67
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Ticker: OB:NORDH
 
 
 
 
 
 
 
 
Nordhealth AS
Nordhealth AS
Nordhealth AS is a provider of cloud-based Practice Management Software (PMS). Nordhealth is a pioneer and global leader in providing SaaS-solutions for healthcare practitioners, helping healthcare practitioners, improve care, save time and grow their business.
year
2021
rev ($mm)
$22.23
EBITDA ($mm)
($0.24)
EBIT ($mm)
($4.88)
Net Income ($mm)
Employees
300
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Ticker: ZMD
 
 
 
 
 
 
 
 
ZoomMed Inc.
ZoomMed Inc.
Zoommed Inc. develops and markets various computer applications for healthcare professionals in Canada. The company builds and operates the ZoomMed Communication Network, a clinical interoperable information exchange network between physicians and various other stakeholders of the healthcare sector.
year
2014
rev ($mm)
$6.08
EBITDA ($mm)
$2.65
EBIT ($mm)
$2.78
Net Income ($mm)
Employees
40
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Ticker: TSXV:NGH
 
 
 
 
 
 
 
 
Nightingale Informatix Corporation
Nightingale Informatix Corporation
For more than a decade, Nightingale has been delivering innovative cloud-based Electronic Health Record and Practice Management solutions to healthcare organizations across the United States and Canada. They create software that is truly intuitive—minimizing training and maximizing adoption.
year
2015
rev ($mm)
$9.64
EBITDA ($mm)
($1.47)
EBIT ($mm)
($2.00)
Net Income ($mm)
$1.47
Employees
120
  • drill down
  • watch
Ticker: TSXV:PHA
 
 
 
 
 
 
 
 
Premier Health of America Inc.
Premier Health of America Inc.
Premier Health of America is a Canadian Healthtech company that provides a comprehensive range of staffing and outsourced services solutions. Premier Health uses its PSweb platform to lead the healthcare services sector digital transformation to provide patients more accessible care services.
year
2020
rev ($mm)
$24.62
EBITDA ($mm)
$2.53
EBIT ($mm)
$2.36
Net Income ($mm)
$0.49
Employees
0
  • drill down
  • watch
Ticker: ASX:CGL
 
 
 
 
 
 
 
 
Citadel Group Limited
Citadel Group Limited
Citadel is a leading Australian technology and software company that specialise in secure enterprise information management in complex environments. Citadel provides secure information to support real-time decisions across the Health, National Security and Defence industries.
year
2019
rev ($mm)
$73.75
EBITDA ($mm)
$10.86
EBIT ($mm)
$8.04
Net Income ($mm)
$4.10
Employees
180
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Ticker: 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)
Employees
2400
  • drill down
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Ticker: CRW.L
 
 
 
 
 
 
 
 
Craneware, Inc.
Craneware, Inc.
Craneware, based in Scotland, is the leader in automated revenue integrity solutions that improve financial performance for healthcare organizations. Its SaaS solutions help and healthcare providers effectively price, charge, and code for services and supplies associated with patient care.
year
2012
rev ($mm)
$42.44
EBITDA ($mm)
$12.06
EBIT ($mm)
$10.80
Net Income ($mm)
$9.43
Employees
  • drill down
  • watch
Ticker: HNTN.OB
 
 
 
 
 
 
 
 
H-NET.NET, Inc.
H-NET.NET, Inc. is the global leader in providing B2B e-commerce services to the visioncare industry. The company is positioned to become the central hub and provide a one-stop multi-service Internet portal and Internet-based transaction processing services. The company has also expanded into the g
year
2002
rev ($mm)
$1.40
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
0
  • drill down
  • watch
Ticker: KERN
 
 
 
 
 
 
 
 
Akerna
Akerna
Akerna is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industries. Using connected data and information to propel the cannabis industry forward, Akerna empowers businesses, governments, patients, and consumers to make smart decisions.
year
2020
rev ($mm)
$13.09
EBITDA ($mm)
($19.19)
EBIT ($mm)
($20.36)
Net Income ($mm)
Employees
136
  • drill down
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Ticker: OTCPK:MJTK
 
 
 
 
 
 
 
 
CannaSys, Inc.
CannaSys, Inc.
CannaSys is a leading technology solutions, marketing and branding company in the regulated cannabis industry. Its products are delivered SaaS to facilitate point-of-purchase transactions, customer relationship marketing solutions and regulated cannabis laboratory information management systems.
year
2017
rev ($mm)
$0.01
EBITDA ($mm)
($1.09)
EBIT ($mm)
($1.07)
Net Income ($mm)
Employees
2
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Ticker: KOSDAQ:A263700
 
 
 
 
 
 
 
 
Carelabs Co., Ltd.
Carelabs Co., Ltd.
Carelabs is a South Korea-based digital beauty and healthcare company. CareLabs provides comprehensive healthcare IT services, including clinic information services, clinic customer management software, and digital marketing solutions.
year
2019
rev ($mm)
$49.51
EBITDA ($mm)
$4.38
EBIT ($mm)
$3.14
Net Income ($mm)
$1.79
Employees
0
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Ticker: 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)
$1,404.10
EBITDA ($mm)
$235.60
EBIT ($mm)
$161.00
Net Income ($mm)
$139.80
Employees
15000
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Ticker: CNSX:AUSA
 
 
 
 
 
 
 
 
Australis Capital Inc.
Australis Capital Inc.
Australis Capital (AUSA) operates and builds transformative, differentiated cannabis companies predominantly in the United States, a highly-regulated, fragmented, and rapidly expanding industry. AUSA adheres to stringent evaluation and operating criteria focusing on high-quality opportunities.
year
2019
rev ($mm)
$0.19
EBITDA ($mm)
($7.49)
EBIT ($mm)
($7.51)
Net Income ($mm)
$3.87
Employees
0
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Ticker: CSE:GHG
 
 
 
 
 
 
 
 
Global Hemp Group Inc.
Global Hemp Group Inc.
Global Hemp Group (“GHG”) is a publicly traded company founded in 2012. The Company is focused on acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries.
year
2014
rev ($mm)
EBITDA ($mm)
EBIT ($mm)
($1.92)
Net Income ($mm)
Employees
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