Like Talon of NC, LLC

closed 7/12/2021 via GlobeNewswire

HCTec, acquired Talon of NC, LLC

synopsis: HCTec, an IT services firm serving diverse health systems and healthcare provider organizations, has acquired Talon Healthy IT Services, an industry leader in managed IT helpdesk services, regularly rated by independent research organization KLAS as a top performer in help desk services for clinicians, IT resources, and patients.
buyer parent: Snow Phipps Group, LLC
buyer: HCTec
Based in Brentwood, Tennessee, HCTec provides award-winning, best-in-class IT services to more than 1,500 academic medical centers, health systems, community hospitals, critical access hospitals, and other healthcare provider organizations across the nation. "
target: Talon of NC, LLC
Talon Healthy IT Services has offices in Winston-Salem, North Carolina and Waukesha, Wisconsin and is an industry leader in managed IT helpdesk services, regularly rated by independent research organization KLAS as a top performer in help desk services for clinicians, IT resources, and patients.
price ($mm)
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closed 11/19/2021 via Company Press Release

CenTrak, Inc, acquired Infinite Leap

synopsis: CenTrak Inc., a Halma company, announced its acquisition of Infinite Leap, a healthcare consulting and services provider for real-time technologies, joining two of the leading forces in Real-Time Location Systems (RTLS).
buyer parent: Halma plc
buyer: CenTrak, Inc
Industry-leading locating and sensing solutions: CenTrak® is an end-to-end IoT solution provider that transforms patient and resident care by delivering real-time operational insights. "
target: Infinite Leap
Infinite Leap is the premier healthcare solutions provider for Internet of Things (IoT) technologies, such as Real-Time Location Systems (RTLS).
price ($mm)
$30
rev ($mm)
$7
EBITDA ($mm)
EV / rev
6.9x
EV / EBITDA
closed 7/23/2021 via PR Newswire

Achieve Partners, acquired Optimum Healthcare IT

synopsis: Optimum Healthcare IT, which provides Best in KLAS healthcare IT staffing and consulting services to more than 150 of the nation's largest hospitals, has been acquired by Achieve Partners. The sale represents the first investment of Achieve's Putting America Back to Work Fund, which leverages apprenticeships to create faster pathways to good jobs.
buyer: Achieve Partners
Achieve Partners is engineering the future of learning and earning by investing in cutting-edge technologies and novel business models to bolster skill development and secure the future of work for millions of Americans. "
target: Optimum Healthcare IT
Optimum Healthcare IT is a Best in KLAS healthcare IT staffing and consulting services firm. Optimum provides world-class professional staffing services to fill any need as well as consulting services that encompass advisory, EHR implementation, training and activation, managed services, and more.
price ($mm)
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closed 4/29/2021 via Company Press Release

iCoreConnect Inc., acquired Advantech IT, LLC

synopsis: iCoreConnect, Inc., a cloud-based, Software as a Service (SaaS) platform for healthcare business workflow, has closed its acquisition of Advantech, a Scottsdale, Arizona-based Managed Software as a Service Provider (MSaaS). Advantech provides Managed Software as a Service, including software development, to clients in the healthcare sector.
buyer: iCoreConnect Inc. (OTCPK:VMCI:$2.83)
iCoreConnect is a cloud-based software and technology company providing secure communication and healthcare practice management. They developed iCoreExchange HIPAA-compliant email, as well as iCoreMD and iCoreDental cloud-based practice management Electronic Health Records (EHR) software. "
target: Advantech IT, LLC
Advantech is a Scottsdale, Arizona-based Managed Software as a Service Provider (MSaaS). Advantech provides Managed Software as a Service, including software development, to clients in the healthcare sector.
price ($mm)
$2.55
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/21/2021 via BNC Analysis

Keensight Capital, acquired RAM Infotechnology

synopsis: Keensight Capital, a European Growth Buyout investor with deep expertise in IT and Healthcare, has acquired a majority stake in RAM Infotechnology (RAM-IT), a leading managed services company dedicated to the Healthcare sector based in the Netherlands.
buyer: Keensight Capital
Paris-based Keensight Capital is a European Growth Buyout investor with deep expertise in IT and Healthcare. Keensight Capital partners with the management teams of fast growing and profitable companies providing capital, strategic guidance and operational support. "
target: RAM Infotechnology
RAM-IT is the leading player in managed services for the Healthcare sector in the Netherlands. Focused on the care and cure markets, the company has a customer base of close to 300 and deploys its know-how in nursing homes, specialized clinics, care centers, and hospitals.
price ($mm)
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closed 3/17/2021 via PR Newswire

Tegria, acquired Cumberland Consulting Group, LLC

synopsis: Tegria announced the acquisition of Cumberland, a leading healthcare consulting and services firm for payers and providers. The move accelerates the growth of Tegria, launched by Providence in October 2020 to provide next-generation technologies and services to the healthcare sector.
buyer parent: Providence Health & Services
buyer: Tegria
Tegria helps health care organizations of all sizes accelerate technological, clinical and operational advances that enable people to live their healthiest lives. Tegria is comprised of ten companies and more than 3,000 strategists and technologists dedicated to delivering value for customers. "
target parent: Tailwind Capital Partners
target: Cumberland Consulting Group, LLC
Cumberland is a leading healthcare consulting and services firm providing strategic advisory consulting services, technology services and managed services solutions to healthcare clients in the payer and provider markets.
price ($mm)
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closed 12/1/2020 via GlobeNewswire

DAS Health, acquired RandallTech

synopsis: DAS Health Ventures, Inc., an industry leader in health IT and management, announced it completed the acquisition of Randall Technology Services, LLC (RandallTech) a healthcare and managed IT company based in Amarillo, TX.
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. DAS delivers superior health IT, Revenue Cycle Management medical billing, value-based care, and practice management solutions. "
target: RandallTech
Randall Technology Services, LLC (RandallTech) is a healthcare and managed IT company based in Amarillo, TX. They monitor, maintain and support clinics across the U.S. in their use of Allscripts Professional EHR & Practice Management.
price ($mm)
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closed 2/4/2020 via BusinessWire

Pact-One Solutions, Inc, acquired ComputerHABITS

synopsis: Pact-One, a full-service IT provider specializing in dental IT solutions, announced the acquisition of Computer Habits, an Oregon-based MSP also specializing in health care and dental practice IT services.
buyer parent: Executech
buyer: Pact-One Solutions, Inc
Started in 2003, Pact-One Solutions, Inc has been 100% committed to making sure dental practices have the most reliable and professional IT service with their complete technology solutions. "
target: ComputerHABITS
Computer Habits is an Oregon-based MSP specializing in health care and dental practice IT services. Computer Habits is focused on delivering proactive technology maintenance and certified technical service to dental and SMB clients in the Portland Metro area.
price ($mm)
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closed 1/31/2019 via Company Press Release

Nordic Consulting Partners, acquired Healthtech Consultants

synopsis: Nordic Consulting Partners, a healthcare consultant agency with roots in health IT, has acquired Healthtech Consultants, Canada’s leading strategic health information consulting firm. Healthtech's strategies, proven methodologies and innovative solutions transform health system management, and care delivery through the use of technology.
buyer: Nordic Consulting Partners
Nordic Consulting Partners is a healthcare consultant agency with roots in health IT. They partner with provider organizations to improve the health of their patients and business through solutions that drive the highest performance from their people and technology. "
target: Healthtech Consultants
Healthtech Consultants is the leading Canadian provider of information management services exclusively to the healthcare sector. Their cutting edge strategies, proven methodologies and innovative solutions transform health system management, and care delivery through the use of technology.
price ($mm)
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announced 3/22/2018 via Company Press Release

TekTegrity Inc. will be merged with CIO Solutions,

synopsis: CIO Solutions and TekTegrity announced that they will merge under the CIO Solutions brand, becoming one of the largest information technology providers in Central California. Founded in 2005, TekTegrity is a San Luis Obispo and Fresno, CA-based IT solutions company serving healthcare and business clients.
buyer: CIO Solutions
CIO Solutions provides premier IT support to the Central Coast of California, maintaining a commitment to thoughtful innovation, security, and client partnership. CIO Solutions serves its clients as a trusted advisor ensuring solid advice and the technological support to help businesses grow. "
target: TekTegrity Inc.
Founded in 2005, TekTegrity is a San Luis Obispo and Fresno, CA-based IT solutions company serving healthcare and business clients. TekTegrity keeps systems safe and networks sound with their premium IT support, managed services, network consulting and hosted cloud solutions.
price ($mm)
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closed 10/13/2021 via GlobeNewswire

Medsphere Systems Corporation, acquired Systeem Medical

synopsis: Medsphere Systems Corporation, the leading provider of affordable and interoperable healthcare IT platform solutions, announced that the company has acquired Plano, TX-based Systeem Medical Information Systems. Systeem provides core information technology services with a primary focus on ambulatory healthcare providers.
buyer: Medsphere Systems Corporation
Medsphere is an organization of committed clinical and technology professionals working to positively impact patient care by delivering healthcare IT solutions for providers of every size and budget. Medsphere’s portfolio includes CareVue, Wellsoft EDIS and urgent care solutions, and RCM Cloud. "
target: Systeem Medical
Systeem powers the healthcare IT foundations of better ambulatory care by providing managed IT services; help desk support; implementation, customization, and support for ambulatory electronic health records (EHRs); and cloud solutions that drive improved security and IT savings.
price ($mm)
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closed 6/11/2019 via Company Press Release

Networking Results Inc merged with Capstone IT Incorporated,

synopsis: Capstone Information Technologies Incorporated has merged with Networking Results, a company that provides IT solutions for businesses, medical/dental practices and non-profit organizations across Dallas and Fort Worth. They offer managed IT, data backup recovery services, VoIP services and more.
buyer: Capstone IT Incorporated
Headquartered in Pittsford, NY, Capstone Information Technologies specializes in highly-responsive computer support, IT consulting, and proactive managed services for businesses in Western New York. "
target: Networking Results Inc
Networking Results provides IT solutions for businesses, medical/dental practices and non-profit organizations across Dallas and Fort Worth. They offer managed IT, data backup recovery services, VoIP services and more.
price ($mm)
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closed 4/11/2019 via Company Press Release

CompuTech City, LLC merged with Medicus Solutions, Inc,

synopsis: CompuTech City has merged with Medicus IT, one of the largest healthcare-focused managed services providers in the US. CompuTech City is a provider of first class IT services to the medical sector. CompuTech City provides IT Infrastructure Management Services encompassing planning, optimization, integration and management of IT services.
buyer: Medicus Solutions, Inc
Medicus IT is one of the largest healthcare-focused managed services providers in the US. Medicus IT advises their clients on how to establish secure, compliant, and efficient IT solutions, while working alongside them to help manage IT operations to increase efficiency and stability. "
target: CompuTech City, LLC
CompuTech City is a provider of first class IT services to the medical sector. CompuTech City provides IT Infrastructure Management Services encompassing planning, optimization, integration and management of IT services, enabling Medical Practices to keep their mission-critical applications running.
price ($mm)
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EBITDA ($mm)
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closed 1/24/2019 via BNC Analysis

Medicus Solutions, Inc, acquired Information Strategy Design, Inc.

synopsis: Medicus IT (MIT) of Atlanta, Georgia, has acquired Information Strategy Design (ISD) of Phoenix, Arizona. The deal unites two managed IT services providers (MSPs) in the healthcare vertical. ISD has been providing computer network design, implementation and ongoing managed support services to small and mid-sized businesses since 1996.
buyer: Medicus Solutions, Inc
Medicus Solutions provides IT outsourcing and management services to companies throughout the Southeast US. They started primarily working with medical practices to deliver healthcare IT consulting services and to manage their IT operations. "
target: Information Strategy Design, Inc.
Information Strategy Design (ISD) has been providing computer network design, implementation and ongoing managed support services to small and mid-sized businesses since 1996. Their client base spans from healthcare to professional services to manufacturing and construction.
price ($mm)
rev ($mm)
EBITDA ($mm)
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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 8/23/2019 via BNC Analysis

ePlus, inc., acquired ABS Technology

synopsis: ePlus inc. has acquired certain assets and liabilities of ABS Technology, a solutions provider with expertise in managed services, networking, collaboration, and security solutions. ABS will provide a strategic enhancement to ePlus’ existing solutions portfolio, which includes cloud, data center, security, and AI/emerging solutions.
buyer: ePlus, inc. (PLUS:$1,397.51)
ePlus is a consultative technology solutions provider helping customers imagine, implement, and achieve more from their technology. ePlus has the highest certifications from technology partners and lifecycle services expertise across key areas, including security, cloud, data center, and more. "
target: ABS Technology
ABS Technology is an information technology company specializing in enterprise networking, data center, communications/collaboration, and cloud solutions, managed services, and security solutions. ABS assesses, engineers, integrates and manages IT solutions for healthcare and other organizations.
price ($mm)
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EV / rev
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closed 7/8/2019 via PR Newswire

iMedX, Inc., acquired Prevalent, Inc. and Axcension, Inc.

synopsis: iMedX, Inc., an international leader in revenue cycle management, medical documentation, and health information solutions has successfully completed the acquisition of Prevalent, Inc. and Axcension, Inc. Both Axcension and Prevalent are proven providers of cutting-edge healthcare analytics and revenue cycle management consulting services.
buyer parent: RFE Investment Partners
buyer: iMedX, Inc.
iMedX is an integrated medical document management and health information solutions company. iMedX offers a full suite of high-value revenue cycle management solutions including medical transcription, medical coding services, results-based consulting, and data analytics. "
target: Prevalent, Inc. and Axcension, Inc.
Prevalent enables providers to achieve financial excellence through data analytics, custom technology solutions, and revenue cycle management and recovery services. Axcension provides leading-edge analytics and develops customized technology solutions for leading healthcare providers across the US.
price ($mm)
rev ($mm)
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announced 5/3/2022 via PR Web

Quantiphi, will acquire Accreon Inc.

synopsis: Quantiphi, an award-winning AI-first digital engineering company, will acquire Accreon, Inc., a leading provider of cloud services. Accreon helps healthcare and government clients to solve their critical business needs. They offer a broad range of cloud services and solutions to help their clients maximize the value of their business.
buyer: Quantiphi
Quantiphi is an AI-first digital engineering company. Quantiphi helps their clients to solve complex business problems. They offer solutions for AI, data & analytics, and cloud infrastructure. Their products include a predictive ordering solution for bottlers and a document management system. "
target: Accreon Inc.
Accreon is a leading provider of cloud services. Accreon helps healthcare and government clients to bring digital solutions to life and solve their critical business needs. They offer a broad range of cloud services and solutions to help their clients maximize the value of their business.
price ($mm)
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closed 8/11/2021 via PR Newswire

GoVanguard, acquired Gotham Security

synopsis: GoVanguard, a cybersecurity firm dedicated to providing world class services with actionable results, has acquired Gotham Security, a boutique cybersecurity firm. Gotham Security provides the financial, healthcare and retail sectors with an array of custom cybersecurity services, including security assessments and managed security services.
buyer: GoVanguard
GoVanguard is a cybersecurity firm dedicated to providing world class services with actionable results. GoVanguard specializes in emulating sophisticated cybercriminals to find gaps in business security. They provide services for penetration testing, threat management, risk reduction and more. "
target: Gotham Security
Gotham Security is a boutique cybersecurity firm. Gotham Security provides the financial, healthcare and retail sectors with an array of custom cybersecurity services, including security assessments, compliance and risk management support and managed security services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/10/2019 via BusinessWire

KORE Wireless Group, acquired Integron

synopsis: KORE, the independent global IoT leader, has acquired Integron, an industry-leading IoT solutions and managed services provider with a focus on the connected health market. The combined entity will leverage best-in-class connectivity, managed services, and asset/device management tools to bring simplicity and speed to IoT solution deployments.
buyer: KORE Wireless Group
KORE is a pioneer, leader, and trusted advisor delivering transformative business performance. The company's deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact its customers’ business outcomes. "
target: Integron
Integron is an IoT Managed Services company serving the connected health, telehealth, life sciences, and remote patient monitoring sectors of the healthcare industry. Integron manages enterprise IoT solutions by offering a comprehensive set of services, technology, and strong vendor relationships.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/12/2021 via GlobeNewswire

HCTec, acquired Talon of NC, LLC

synopsis: HCTec, an IT services firm serving diverse health systems and healthcare provider organizations, has acquired Talon Healthy IT Services, an industry leader in managed IT helpdesk services, regularly rated by independent research organization KLAS as a top performer in help desk services for clinicians, IT resources, and patients.
buyer parent: Snow Phipps Group, LLC
buyer: HCTec
Based in Brentwood, Tennessee, HCTec provides award-winning, best-in-class IT services to more than 1,500 academic medical centers, health systems, community hospitals, critical access hospitals, and other healthcare provider organizations across the nation. "
target: Talon of NC, LLC
Talon Healthy IT Services has offices in Winston-Salem, North Carolina and Waukesha, Wisconsin and is an industry leader in managed IT helpdesk services, regularly rated by independent research organization KLAS as a top performer in help desk services for clinicians, IT resources, and patients.
price ($mm)
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EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/12/2021 via GlobeNewswire

HCTec, acquired Talon of NC, LLC

synopsis: HCTec, an IT services firm serving diverse health systems and healthcare provider organizations, has acquired Talon Healthy IT Services, an industry leader in managed IT helpdesk services, regularly rated by independent research organization KLAS as a top performer in help desk services for clinicians, IT resources, and patients.
buyer parent: Snow Phipps Group, LLC
buyer: HCTec
Based in Brentwood, Tennessee, HCTec provides award-winning, best-in-class IT services to more than 1,500 academic medical centers, health systems, community hospitals, critical access hospitals, and other healthcare provider organizations across the nation. "
target: Talon of NC, LLC
Talon Healthy IT Services has offices in Winston-Salem, North Carolina and Waukesha, Wisconsin and is an industry leader in managed IT helpdesk services, regularly rated by independent research organization KLAS as a top performer in help desk services for clinicians, IT resources, and patients.
price ($mm)
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EBITDA ($mm)
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EV / EBITDA
closed 3/2/2016 via PR Web

HCTec Partners, acquired HIMS Consulting Group

synopsis: HCTec Partners, a healthcare IT and health information management staffing and consulting company, announced that it has acquired HIMS Consulting Group (“HIMS”). HIMS is a healthcare IT professional services firm with over 30 years of combined workforce management experience and proprietary development of professional consulting resources,
buyer: HCTec Partners
HCTec’s mission is to discover, develop, and deliver dynamic and innovative solutions to enhance healthcare services and patient care. Their services include staffing contract placements, temp-to-perm placements, and permanent placements, strategic services, managed services, and project work. "
target: HIMS Consulting Group
HIMS Consulting Group, Inc. is a healthcare IT professional services firm. HIMS' systematic approach delivers complete EMR solutions addressing the complex demands of IT resource planning ensuring successful project implementations.
price ($mm)
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closed 6/16/2022 via BNC Analysis

BrickRed Systems LLC, acquired EvenFlow Solutions

synopsis: Brickred Systems has acquired EvenFlow Solutions, a leading supplier of outsourced Technical and Accounting/Finance based solutions. EvenFlow Solutions, founded in 2019 and headquartered in Dallas, Texas, has established itself as a valued consulting partner to Healthcare Service providers by optimizing their business models and services.
buyer: BrickRed Systems LLC
BrickRed Systems is a global leader in next-generation technology, consulting, and business process service companies. They enable clients to navigate their digital transformation. BrickRed Systems delivers a range of consulting services to its clients across multiple industries around the world. "
target: EvenFlow Solutions
EvenFlow Solutions offers personalized recruiting and consulting services which are tailored to the unique needs of each business. Evenflow specializes in a variety of sectors, including accounting and finance, administrative, information technology, life sciences, human resources, and more.
price ($mm)
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closed 2/23/2022 via BNC Analysis

DHR Global, acquired Westmont Search

synopsis: DHR Global, one of the largest retained executive search firms in the world, has acquired Westmont Search, a healthcare executive search firm. Westmont Search helps healthcare providers to find the leadership they need to meet the demands of the industry. They specialize in placing leadership positions in finance, operations, IT and management.
buyer: DHR Global
DHR Global is one of the largest retained executive search firms in the world. DHR Global provides executive search, leadership consulting and emerging leader search solutions from their 50+ locations across the globe. They provide tailored services to clients in over 20 industries. "
target: Westmont Search
Westmont Search is a healthcare executive search firm. Westmont Search helps healthcare providers to find the leadership they need to meet the demands of the industry. They specialize in recruiting and placing leadership positions in finance, operations, information technology and management.
price ($mm)
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announced 2/3/2022 via BusinessWire

Baker Tilly Investment Advisors, LLC, will acquire Orchestrate Healthcare

synopsis: Baker Tilly US, LLP, a leading advisory CPA firm, will acquire Orchestrate Healthcare, a healthcare IT professional services and consulting firm. Orchestrate helps healthcare leaders to solve their challenges and maximize their performance. They offer services for EHR implementation, healthcare analytics, information security, and IT staffing.
buyer: Baker Tilly Investment Advisors, LLC
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a leading advisory, tax, and assurance firm whose specialized professionals guide clients through an ever-changing business world, helping them achieve success and anticipate the future. "
target: Orchestrate Healthcare
Orchestrate Healthcare is a healthcare IT professional services and consulting firm. Orchestrate Healthcare helps healthcare leaders to solve their challenges and maximize their performance. They offer services for EHR implementation, healthcare analytics, information security, and IT staffing.
price ($mm)
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EBITDA ($mm)
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closed 7/23/2021 via PR Newswire

Achieve Partners, acquired Optimum Healthcare IT

synopsis: Optimum Healthcare IT, which provides Best in KLAS healthcare IT staffing and consulting services to more than 150 of the nation's largest hospitals, has been acquired by Achieve Partners. The sale represents the first investment of Achieve's Putting America Back to Work Fund, which leverages apprenticeships to create faster pathways to good jobs.
buyer: Achieve Partners
Achieve Partners is engineering the future of learning and earning by investing in cutting-edge technologies and novel business models to bolster skill development and secure the future of work for millions of Americans. "
target: Optimum Healthcare IT
Optimum Healthcare IT is a Best in KLAS healthcare IT staffing and consulting services firm. Optimum provides world-class professional staffing services to fill any need as well as consulting services that encompass advisory, EHR implementation, training and activation, managed services, and more.
price ($mm)
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closed 10/29/2020 via BusinessWire

Frazier Healthcare Partners, acquired Accuity Delivery Systems

synopsis: Frazier Healthcare Partners, a Seattle-based healthcare investment firm, acquired Accuity Delivery Systems, a leading provider of technology-enabled Revenue Integrity and Clinical Documentation Improvement (CDI) services for hospitals and health systems.
buyer: Frazier Healthcare Partners
Frazier Healthcare Partners is a leading middle market private equity firm focused exclusively on healthcare. With more than $4.8 billion total capital raised, Frazier has invested in more than 200 companies. "
target: Accuity Delivery Systems
Accuity is a leading provider of technology-enabled Revenue Integrity and Clinical Documentation Improvement (CDI) services for hospitals and health systems.
price ($mm)
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announced 5/31/2019 via Company Press Release

WELL Health Technologies Corp., will acquire KAI Innovations Inc.

synopsis: WELL Health Technologies Corp., a Vancouver-based company operating in healthcare, has agreed to acquire KAI Innovations. KAI, based in Ontario, has the third largest electronic medical record (EMR) user base in the province and is the largest provider of Open Source Clinical Application Resource EMR services to healthcare clinics in Canada.
buyer: WELL Health Technologies Corp. (TSXV:WELL:$161.14)
Canada-based WELL Health Technologies Corp. operates Primary Healthcare Facilities and an electronic medial record business that supports the digitization of clinics. WELL's objective is to empower doctors to provide the best advanced care possible leveraging the latest trends in digital health. "
target: KAI Innovations Inc.
Canada-based KAI Innovations has the third largest electronic medical record (EMR) user base in Ontario and is the largest provider of Open Source Clinical Application Resource (OSCAR) EMR services in Canada. KAI founded the OSCAR clinic at McMaster University Department of Family Medicine.
price ($mm)
$7.99
rev ($mm)
$3
EBITDA ($mm)
EV / rev
5.1x
EV / EBITDA
closed 10/1/2018 via GlobeNewswire

DAS Health, purchased Aprima EHR Book of Business from CriticalKey, LLC

synopsis: DAS Health, an industry leader in health IT and management, has acquired the Aprima® EHR book of business from CriticalKey, LLC, a consulting, software and management services company. Aprima offers a fully integrated, single application, single database EHR/practice management solution, as well as complete Revenue Cycle Management services.
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. "
seller: CriticalKey, LLC
The acquisition includes the Aprima® EHR book of business from CriticalKey, LLC, a consulting, software and management services company. Aprima offers a fully integrated, single application, single database EHR/practice management solution, as well as complete Revenue Cycle Management services.
price ($mm)
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closed 12/13/2017 via Company Press Release

ALKU, acquired Holland Square Group

synopsis: ALKU, a highly specialized consulting services firm, announced the acquisition of Holland Square Group, a leading Healthcare IT consulting services provider specializing in the Cerner ecosystem. Holland Square provides IT consulting and staffing services to a diverse range of healthcare clients, including payers and healthcare services providers.
buyer: ALKU
ALKU is a specialized consulting services firm, focused on deploying highly skilled consulting resources in the areas of ERP, Health Care Information Technology, Life Sciences, and Government Programs. "
target: Holland Square Group
Holland Square Group provides a broad range of technology services for healthcare clients – providers, payers, and companies specializing in related products and services within the healthcare ecosystem. Holland Square provides IT consulting and staffing services.
price ($mm)
rev ($mm)
$26
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 10/4/2017 via Company Press Release

Atos SE, acquired The Breakaway Group

synopsis: Atos, a global leader in digital transformation, announced that it has closed the acquisition of Conduent’s Breakaway Group, a healthcare IT consulting company. The Breakaway Group helps healthcare professionals learn and adopt new EHR technologies.
buyer: Atos SE (ENXTPA:ATO:$12,340.38)
Atos SE is a leader in digital transformation with circa 100,000 employees in 72 countries. Serving a global client base, the Group is the European leader in Big Data, Cybersecurity and provides Cloud services, Infrastructure & Data Management, Business & platform solutions. "
target parent: Conduent Business Services
target: The Breakaway Group
The Breakaway Group is changing how healthcare professionals learn and adopt new EHR technologies. By helping end users adopt new software applications quickly and easily, providers have more time for patient care and healthcare executives see improved financial outcomes.
price ($mm)
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closed 7/17/2017 via BusinessWire

eMids Technologies, acquired Encore Health Resources

synopsis: emids, a rapidly growing global provider of IT services and solutions for the healthcare and life sciences industries, announced the acquisition of Encore Health Resources, a leading healthcare information analytics company focused on value-based care and electronic health records for providers.
buyer: eMids Technologies
emids is a premier provider of healthcare IT services and solutions. emids enables healthcare entities to achieve accessible, affordable and high-quality care by providing custom application and data solutions. "
target parent: QuintilesIMS
target: Encore Health Resources
Encore Health Resources is a leading healthcare information analytics company focused on value-based care and electronic health records for providers.
price ($mm)
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announced 3/6/2017 via BNC Analysis

Tech Mahindra Limited, will acquire The HCI Group

synopsis: Tech Mahindra has signed an agreement to acquire US-based healthcare IT consulting company CJS Solutions Group LLC, which conducts business as The HCI Group. The HCI Group works with tier-I healthcare service providers, primarily in the US and the UK, focusing on providing end-to-end implementation of Electronic Health Record (EHR) software.
buyer parent: Mahindra Group
buyer: Tech Mahindra Limited (NSEI:TECHM:$5,527.41)
Tech Mahindra represents the connected world, offering Consulting, Digital Transformation, Integrated Engineering, Business Services and Solutions, enabling Enterprises, Associates and the Society to Rise™. They have 112,800+ professionals across 90 countries, helping over 825 global customers. "
target: The HCI Group
Headquartered in Jacksonville, Florida, The HCI Group works with tier-I healthcare service providers, primarily in the US and the UK, focusing on providing end-to-end implementation of Electronic Health Record (EHR) and Electronic Medical Record (EMR) software, training and support services.
price ($mm)
$90*
rev ($mm)
$114
EBITDA ($mm)
EV / rev
0.9x
EV / EBITDA
closed 1/30/2017 via BNC Analysis

Concept Plus, LLC, acquired Thao Inc.

synopsis: Concept Plus, LLC, a professional services firm specializing in the comprehensive design, implementation, and maintenance of IT initiatives for the Federal Government has acquired health IT management firm Thao, Inc. (THAOINC). THAOINC provides health IT services and program management support exclusively to federal healthcare customers.
buyer: Concept Plus, LLC
Concept Plus, LLC is a professional services firm specializing in the comprehensive design, implementation, and maintenance of IT initiatives for the Federal Government. Concept Plus provides solutions in the areas of Oracle, Cloud Computing and Mobile technologies. "
target: Thao Inc.
THAOINC offers federal-specific expertise in EHR interoperability, identity management, and care delivery in organizations like the Department of Defense (DoD) and the Department of Veterans Affairs (DVA).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/28/2016 via BNC Analysis

Vaco, acquired Greythorn, Inc.

synopsis: National consulting and talent solutions firm, Vaco, announced the formation of Pivot Point Consulting, a Vaco Company. Vaco's healthcare IT division, Vaco Healthcare, acquired Greythorn based in Bellevue, WA. Greythorn is a specialist technology and healthcare IT recruitment consultancy.
buyer parent: Quad-C Management, Inc.
buyer: Vaco
Vaco offers consulting, contract and direct hire solutions in the areas of accounting, finance, technology, healthcare, operations and general administration. Vaco has been on the Inc. 5000 list of the nation's fastest-growing private companies for the last ten years. "
target parent: Bregal Investments
target: Greythorn, Inc.
Greythorn is a specialist technology and healthcare IT recruitment consultancy, placing highly skilled talent across the United States and Canada in full-time and contract roles.
price ($mm)
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closed 10/4/2016 via GlobeNewswire

Avaap, acquired Falcon Consulting Group

synopsis: Avaap announced it has acquired Falcon Consulting, LLC, a KLAS-leading Epic Systems implementation and optimization firm. Falcon offers consulting and evaluation related to Electronic Health Record systems, including revenue cycle optimization and clinical transformation, with offerings that netted a top-rated score in a 2016 KLAS research report.
buyer: Avaap
Avaap is one of the largest providers of IT services and technology solutions for organizations that rely on Infor and Epic enterprise software solutions for clinical, financial, supply chain and human resources management. "
target: Falcon Consulting Group
Falcon Consulting is a holistic healthcare provider consultancy that focuses on driving value in the Epic EHR space. It is dedicated to the improvement of clinical quality, financial sustainability, technology adoption and customer engagement.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 5/31/2016 via GlobeNewswire

DAS Health, acquired Falcon Healthcare Systems

synopsis: DAS Health, the leading provider of patient-centric health IT and management services, has announced its fourth acquisition in eight months. The latest acquisition, Falcon Healthcare Systems, is a Las Vegas, Nevada-based provider of managed IT services, revenue cycle management, Practice Management, and EHR technologies.
buyer: DAS Health
DAS Health is a leading provider of Health IT and management solutions and a trusted consultant to many physician groups, hospitals and healthcare systems across North America. "
target: Falcon Healthcare Systems
Falcon Healthcare Systems is a veteran- and minority-owned company dedicated to delivering advanced corporate-grade IT solutions and services to a broad range of healthcare organizations, businesses, non-profit organizations, schools, and US military units.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/1/2016 via BNC Analysis

KAI Innovations Inc., acquired Trimara Corporation

synopsis: KAI Innovations announced that it has acquired Trimara Corporation. The company is a medical technology company based in Ottawa that has a primary focus offering an Electronic Medical Record (EMR) solution to physicians in Ontario.
buyer: KAI Innovations Inc.
KAI Innovations has now become the leader in delivering McMaster University’s OSCAR Electronic Medical Record (EMR) software and IT Solutions to healthcare organizations in Ontario. "
target: Trimara Corporation
Trimara is an Ottawa-based technology solutions company specializing in electronic medical records systems, medical imaging systems and technology management for medical environments.
price ($mm)
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closed 3/2/2016 via PR Web

HCTec Partners, acquired HIMS Consulting Group

synopsis: HCTec Partners, a healthcare IT and health information management staffing and consulting company, announced that it has acquired HIMS Consulting Group (“HIMS”). HIMS is a healthcare IT professional services firm with over 30 years of combined workforce management experience and proprietary development of professional consulting resources,
buyer: HCTec Partners
HCTec’s mission is to discover, develop, and deliver dynamic and innovative solutions to enhance healthcare services and patient care. Their services include staffing contract placements, temp-to-perm placements, and permanent placements, strategic services, managed services, and project work. "
target: HIMS Consulting Group
HIMS Consulting Group, Inc. is a healthcare IT professional services firm. HIMS' systematic approach delivers complete EMR solutions addressing the complex demands of IT resource planning ensuring successful project implementations.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 1/27/2016 via Company Press Release

AccessPoint HR, acquired Preferred Solutions

synopsis: AccessPoint, an experienced Staffing, Recruiting, HR Outsourcing, and Professional Employer Organization company, announced that Michigan-based Preferred Solutions has merged into its Staffing business unit, where it will operate independently. Preferred Solutions is an award winning healthcare IT staffing, training, and consulting firm.
buyer: AccessPoint HR
AccessPoint is a Human Resources Outsourcing organization and national Professional Employer Organization. They are an industry leader in outsourced human resources management, including staffing and recruiting, employee relations, payroll, payroll tax, benefits management, and workplace safety. "
target: Preferred Solutions
Preferred Solutions is a healthcare IT staffing, training, and consulting firm delivering deeply skilled project-based resources to clients. They leverage a proven Preferred Approach and proprietary technology to help clients implement cost-effective healthcare strategies and solutions.
price ($mm)
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announced 9/23/2015 via BusinessWire

Accenture, will acquire Sagacious Consultants

synopsis: Accenture announced that it has finalized its agreement to acquire Sagacious Consultants, a leading electronic health record consulting practice, to help clients better manage healthcare quality, efficiency and costs. Sagacious will bring their specialized skills in implementation, systems integration, upgrades and optimization of EHR solutions.
buyer: Accenture (ACN:$53,736.36)
Accenture is a global management consulting, technology services and outsourcing company, with more than 336,000 people serving clients in more than 120 countries. "
target: Sagacious Consultants
Sagacious Consultants leverages its extensive Epic EHR and industry experience to offer innovative solutions to persistent problems within healthcare organizations. Their full suite of services is designed to help organizations thrive during and after the transition to Epic.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 6/29/2015 via BNC Analysis

Vertical Holdings, LLC, acquired SergeMD, Inc.

synopsis: In an effort to strengthen its medical portfolio, Vertical Holdings announced it has acquired Sergemd, a preeminent business and technology solutions provider for healthcare physician practices. Sergemd provides technical and medical consulting services to nearly 300 clients.
buyer: Vertical Holdings, LLC
Located in Charleston, SC with more than 1,000 clients in 21 states, Vertical Holdings, LLC has core business operations in health care, software development, technical training, B2B and B2C SaaS platforms, and medical consulting. "
target: SergeMD, Inc.
SergeMD is a healthcare focused business and technology solutions company formed in 2004. SergeMD currently provides EHR and IT services to over 75 physician practices and 200+ providers across the Mid-South and Southeast.
price ($mm)
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