Like EMSystems, LLC

closed 5/3/2010 via BusinessWire

Intermedix Corporation, acquired EMSystems, LLC

synopsis: Intermedix Corporation, the leading provider of technology-based business services to emergency healthcare service providers, announced the acquisition of EMSystems, LLC (“EMSystems”), a leading provider of web-based healthcare information technology solutions in the public health and emergency services markets.
buyer parent: Parthenon Capital
buyer: Intermedix Corporation
Intermedix provides revenue cycle management services for emergency physicians and hospital emergency departments, emergency medical services agencies, urgent care centers, and fire departments throughout the United States and has collected billions of dollars for its clients. "
target: EMSystems, LLC
EMSystems develops and markets web based solutions that help key emergency healthcare providers and public health stakeholders effectively prepare for, detect, respond to, and provide care for emergencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/25/2019 via GlobeNewswire

Cleartronic, Inc., purchased ReadyMed software platform from ReadyOp

synopsis: Cleartronic, Inc. has acquired the ReadyMed software platform from Collabria, LLC, a communications software company. ReadyMed is a web based secure communication platform for the health care industry, designed for hospitals, clinics, doctor’s offices, health insurance companies, and many other segments of the health care sectors.
buyer: Cleartronic, Inc. (OTCPK:CLRI:$1.06)
Cleartronic is a technology holding company that creates and acquires operating subsidiaries to develop, manufacture and sell products, services, and integrated systems to government agencies and business enterprises. "
seller: ReadyOp
ReadyMed is a web based secure communication platform for the health care industry. It provides hospitals with patient tracking capability within the hospital. ReadyMed allows physicians to track patient progress after release from the hospital, and allows for secure communication with the patient.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/19/2011 via BusinessWire

EMSystems, LLC, acquired Collaborative Fusion, Inc.

synopsis: Intermedix Corporation, the leading provider of technology-based business services to the emergency healthcare services industry, announced that it has acquired Collaborative Fusion, Inc. (CFI). CFI provides innovative emergency management solutions for federal, state, and local governments, as well as the private sector.
buyer parent: Thomas H. Lee Partners, L.P.
buyer: EMSystems, LLC
EMSystems develops and markets web based solutions that help key emergency healthcare providers and public health stakeholders effectively prepare for, detect, respond to, and provide care for emergencies. "
target: Collaborative Fusion, Inc.
Collaborative Fusion, Inc. is a leading provider of web-based responder and incident management solutions helping local, state, and federal agencies best prepare for, respond to, and recover from emergencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/3/2010 via BusinessWire

Intermedix Corporation, acquired EMSystems, LLC

synopsis: Intermedix Corporation, the leading provider of technology-based business services to emergency healthcare service providers, announced the acquisition of EMSystems, LLC (“EMSystems”), a leading provider of web-based healthcare information technology solutions in the public health and emergency services markets.
buyer parent: Parthenon Capital
buyer: Intermedix Corporation
Intermedix provides revenue cycle management services for emergency physicians and hospital emergency departments, emergency medical services agencies, urgent care centers, and fire departments throughout the United States and has collected billions of dollars for its clients. "
target: EMSystems, LLC
EMSystems develops and markets web based solutions that help key emergency healthcare providers and public health stakeholders effectively prepare for, detect, respond to, and provide care for emergencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2018 via GlobeNewswire

R1 RCM, acquired Intermedix Corporation

synopsis: R1 RCM, a leading provider of technology-enabled revenue cycle management services to healthcare providers, has completed the acquisition of Intermedix Corp. Intermedix provides revenue cycle management, practice management and data analytics services to more than 15,000 individual healthcare providers across the nation.
buyer: R1 RCM (RCM:$1,135.00)
R1 is a provider of technology-enabled revenue cycle management services which transform a health system’s revenue cycle performance across settings of care. R1’s proven and scalable operating model, the R1 Performance Stack℠, seamlessly complements a healthcare organization’s infrastructure. "
target parent: Thomas H. Lee Partners, L.P.
target: Intermedix Corporation
Intermedix is a global leader pioneering innovations in data analytics and cloud-based technology to deliver best-in-class revenue cycle management, practice management and emergency management solutions. The company supports over 500,000 emergency preparedness incidents around the world.
price ($mm)
$460
rev ($mm)
$193
EBITDA ($mm)
$48
EV / rev
2.4x
EV / EBITDA
9.6x
closed 4/5/2017 via Company Press Release

Intermedix Corporation, acquired WPC Healthcare

synopsis: Intermedix Corporation, a leader in the health care information technology industry, announced the completion of its acquisition of WPC Healthcare. WPC is the provider of Taproot Cloud and other predictive analytics services for the healthcare industry.
buyer parent: Thomas H. Lee Partners, L.P.
buyer: Intermedix Corporation
Intermedix is pioneering innovations in data analytics and cloud-based technology to deliver revenue cycle management, practice management and emergency management solutions. They deliver technology-enabled services and software solutions to healthcare providers and government agencies. "
target: WPC Healthcare
WPC Healthcare (WPC) is the provider of Taproot Cloud™ and other predictive analytics services for the healthcare industry. WPC Healthcare is the right partner to optimize business and technology processes fueled by accurate, organized data.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/11/2014 via Company Press Release

Intermedix Corporation, purchased Billing Divison from T System, Inc.

synopsis: Intermedix Corporation has acquired T-System’s Physician Billing Division. T-System’s billing division serves clients nationwide with emergency physician billing and practice management services. T-System’s billing division was part of the RevCycle+ brand. The RevCycle+ brand will continue with T-System’s coding systems and services.
buyer parent: Thomas H. Lee Partners, L.P.
buyer: Intermedix Corporation
Intermedix Corporation delivers healthcare information technology and business solutions to manage the revenue cycle, promote preparedness and interoperability, and support incident response management, documentation and reporting. "
seller: T System, Inc.
Established in 2012, T-System’s billing division serves clients nationwide with emergency physician billing and practice management services. T-System's solutions solve clinical, financial, operational and regulatory challenges for hospitals and urgent care clinics.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/16/2014 via PR Web

Intermedix Corporation, acquired Optima Corporation

synopsis: Intermedix Corporation announced that it has completed the acquisition of Optima Corporation. Optima provides technology to support simulation, predictive analytics and real-time deployment of mobile resources. Optima’s technologies are used by both the government and private sector, including a number of emergency response agencies and airlines.
buyer parent: Thomas H. Lee Partners, L.P.
buyer: Intermedix Corporation
Intermedix Corporation delivers healthcare information technology and business solutions to manage the revenue cycle, promote preparedness and interoperability, and support incident response management, documentation and reporting. "
target: Optima Corporation
Optima is a world leading Operations Research company that delivers best in class, innovative optimization and simulation software solutions for select global markets. Optima’s solutions are used globally to support more than 5.5 million emergency responses annually.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/15/2011 via BusinessWire

Intermedix Corporation, acquired FleetEyes, LLC.

synopsis: Intermedix Corporation, the leading provider of revenue cycle management services and technologies to emergency healthcare service providers, announced the acquisition of FleetEyes, LLC, an innovative provider of systems designed to optimize fleet management and provide cross-jurisdictional situation awareness.
buyer parent: Thomas H. Lee Partners, L.P.
buyer: Intermedix Corporation
Intermedix Corporation is the largest emergency healthcare services provider in the marketplace with a broad customer base across the full continuum of participants, from first responders to statewide public health agencies to hospital-based emergency physicians. "
target: FleetEyes, LLC.
FleetEyes LLC designs and develops fleet management solutions. The company offers enterprise solutions focusing on vehicle tracking, vehicle position display, and two-way messaging. Additionally, it connects the dispatch system to a personal navigation device and mobile phones.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/12/2011 via BusinessWire

Intermedix Corporation, acquired Comprehensive Medical Billing Solutions, Inc.

synopsis: Intermedix Corporation, the leading provider of technology-based business services to the emergency healthcare services industry, announced it has acquired the assets of Comprehensive Medical Billing Solutions, Inc. (“CMBS”). CMBS is a full-service medical billing, coding, and consulting firm.
buyer parent: Thomas H. Lee Partners, L.P.
buyer: Intermedix Corporation
Intermedix Corporation delivers healthcare information technology and business solutions to manage the revenue cycle, promote preparedness and interoperability, and support incident response management, documentation and reporting. "
target: Comprehensive Medical Billing Solutions, Inc.
Comprehensive Medical Billing Solutions is a full-service medical billing, coding, and consulting firm designed to meet the business needs of Emergency Physicians. CMBS provides Practice Management, Accounts Receivables Management, and a variety of billing related services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/23/2010 via BusinessWire

Thomas H. Lee Partners, L.P., acquired Intermedix Corporation

synopsis: Intermedix Corporation, a leading provider of revenue cycle management and software solutions to the emergency healthcare industry, announced the completion of its previously announced acquisition by Thomas H. Lee Partners, L.P. from Parthenon Capital Partners.
buyer: Thomas H. Lee Partners, L.P.
Thomas H. Lee Partners, L.P. is one of the largest and oldest private equity investment firms in the United States and has raised and managed almost $20 billion of capital, making investments in over 100 businesses since its founding in 1974. "
target parent: Parthenon Capital
target: Intermedix Corporation
Intermedix provides revenue cycle management services for emergency physicians and hospital emergency departments, emergency medical services agencies, urgent care centers, and fire departments throughout the United States and has collected billions of dollars for its clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/3/2010 via BusinessWire

Intermedix Corporation, acquired EMSystems, LLC

synopsis: Intermedix Corporation, the leading provider of technology-based business services to emergency healthcare service providers, announced the acquisition of EMSystems, LLC (“EMSystems”), a leading provider of web-based healthcare information technology solutions in the public health and emergency services markets.
buyer parent: Parthenon Capital
buyer: Intermedix Corporation
Intermedix provides revenue cycle management services for emergency physicians and hospital emergency departments, emergency medical services agencies, urgent care centers, and fire departments throughout the United States and has collected billions of dollars for its clients. "
target: EMSystems, LLC
EMSystems develops and markets web based solutions that help key emergency healthcare providers and public health stakeholders effectively prepare for, detect, respond to, and provide care for emergencies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/18/2009 via BusinessWire

Intermedix Corporation, acquired HealthWare Solutions

synopsis: Intermedix Corporation, the leading provider of technology-based business services to emergency providers, announced the acquisition of HealthWare Solutions, a leading provider of electronic patient care reporting software.
buyer parent: Parthenon Capital
buyer: Intermedix Corporation
Intermedix helps fund and support our nation’s emergency safety net - emergency physicians, hospital emergency departments, and 911-emergency responders. "
target: HealthWare Solutions
HealthWare Solutions' flagship product, EMS Solution 2000™, is a comprehensive mobile data collection tool that allows for patient side documentation of critical incident information.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/10/2019 via PR Newswire

Waystar, acquired Digitize.AI, Inc.

synopsis: Waystar, a leading provider of revenue cycle technology, has acquired Digitize.AI, an artificial intelligence technology (AI) firm providing the healthcare industry with smarter prior authorizations. Digitize.AI offers AI enabled systems that help providers and health plans to maximize productivity and improve the member-patient experience.
buyer: Waystar
Waystar provides next-generation, cloud-based technology that simplifies and unifies the healthcare revenue cycle. The Waystar platform removes friction in payment processes, streamlines workflows and improves financials for providers in every care setting. "
target: Digitize.AI, Inc.
Digitize.AI is an artificial intelligence (AI) technology firm providing the healthcare industry with faster and smarter prior authorizations. Digitize.AI offers Lia and Mia, AI enabled systems that help providers and health plans to maximize productivity and improve the member-patient experience.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/27/2018 via PR Web

OSG Billing Services, acquired AppRev

synopsis: AppRev announced that it has been acquired by OSG Billing Services, a leading provider of omnichannel billing and payment solutions, customer engagement and critical customer communication management. AppRev delivers industry-leading solutions that enable providers to optimize revenue cycle performance.
buyer parent: Aquiline Capital Partners
buyer: OSG Billing Services
OSG has been a leading outsourced provider of omnichannel billing and payment solutions, offering a full suite of integrated customer communications and engagement solutions that transform the way OSG’s clients reach their customers. "
target: AppRev
AppRev delivers industry-leading solutions that enable healthcare providers to optimize revenue cycle performance. Using cloud based software, supported by AppRev experts, providers are able to identify, quantify, resolve and measure key revenue cycle issues.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 9/17/2018 via BusinessWire

Waystar, will acquire Connance

synopsis: Healthcare revenue cycle technology leaders Waystar and Connance announced that the parties have reached a definitive agreement to combine their operations. The combined company, which will eventually operate under the Waystar name, will provide advanced workflow and predictive analytics solutions to health systems and hospitals.
buyer: Waystar
Waystar simplifies and unifies the healthcare revenue cycle with innovative technology that allows clients to collect more with less cost and less stress, so they can focus on their goals, patients and communities. "
target: Connance
Connance is the healthcare industry’s leading provider of predictive analytics solutions that personalize the financial and clinical experience for patients. Connance leverages data science, integrated to workflow to drive enhanced performance.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/27/2018 via PE Hub

New Capital Partners, acquired Collect Rx, Inc.

synopsis: New Capital Partners (NCP), a private equity firm, announces that is has acquired Collect Rx, a leading revenue cycle management (RCM) company. The company leverages its Business Intelligence (BI) engine to analyze claims and increase reimbursement for healthcare providers.
buyer: New Capital Partners
New Capital Partners (NCP) is a private equity firm headquartered in Birmingham, Ala. NCP makes investments in niche, tech-enabled services companies in the healthcare, financial and business services industries. "
target: Collect Rx, Inc.
Collect Rx is a niche RCM (revenue cycle management) provider headquartered in Bethesda, Md. Founded in 2006, the company focuses on providing their services to surgery centers, hospitals, physician-owned practices, laboratory diagnostic facilities and behavioral health centers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/8/2018 via GlobeNewswire

R1 RCM, acquired Intermedix Corporation

synopsis: R1 RCM, a leading provider of technology-enabled revenue cycle management services to healthcare providers, has completed the acquisition of Intermedix Corp. Intermedix provides revenue cycle management, practice management and data analytics services to more than 15,000 individual healthcare providers across the nation.
buyer: R1 RCM (RCM:$1,135.00)
R1 is a provider of technology-enabled revenue cycle management services which transform a health system’s revenue cycle performance across settings of care. R1’s proven and scalable operating model, the R1 Performance Stack℠, seamlessly complements a healthcare organization’s infrastructure. "
target parent: Thomas H. Lee Partners, L.P.
target: Intermedix Corporation
Intermedix is a global leader pioneering innovations in data analytics and cloud-based technology to deliver best-in-class revenue cycle management, practice management and emergency management solutions. The company supports over 500,000 emergency preparedness incidents around the world.
price ($mm)
$460
rev ($mm)
$193
EBITDA ($mm)
$48
EV / rev
2.4x
EV / EBITDA
9.6x
closed 5/3/2017 via PR Newswire

Koan Health LLC, purchased Value-Based Care Business from ZirMed Inc.

synopsis: Koan Health, a leading health care analytics and advisory firm, has acquired ZirMed Inc.'s, value-based care analytics business, including its clients, solutions and core staff. The value-based analytics platform Koan purchased aggregates clinical and financial data from electronic health records and insurance claims.
buyer: Koan Health LLC
Koan Health is a health care analytics and advisory firm that helps health care organizations improve performance in value-based relationships. Koan's sophisticated predictive analytics let accountable providers and payers understand their networks, provider performance and costs. "
seller: ZirMed Inc.
ZirMed Inc.'s Value-Based Care Analytics Business aggregates clinical and financial data from electronic health records and insurance claims to deliver real-time quality tracking, identify gaps in care, stratify at-risk patients, and provide deep cost and utilization analyses.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/7/2017 via PR Newswire

Omega Healthcare, acquired WhiteSpace Health Inc

synopsis: Omega Healthcare Management Services announced that it has finalized the acquisition of WhiteSpace Health - a US-based healthcare analytics company with a development facility in Hyderabad, India. This move enhances the services provided by Omega Healthcare as well as giving it a new geographical footprint, its 5th in India.
buyer: Omega Healthcare
Omega Healthcare Management Services, a front-runner in the healthcare service space in India was founded in 2004. Omega handles high-end, value-driven work pertaining to medical coding, Revenue Cycle Management (RCM) and related work for large US based companies. "
target: WhiteSpace Health Inc
WhiteSpace Health is a US-based healthcare analytics company. WhiteSpace Health's guided business intelligence platform enables better patient outcomes and improved financial performance. The solutions help healthcare providers improve practice engagement, reduce cost, and improve productivity.
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 9/30/2015 via BusinessWire

Thoma Bravo, LLC, acquired MedeAnalytics

synopsis: Thoma Bravo LLC, a leading private equity investment firm, has completed its acquisition of MedeAnalytics Inc., a provider of cloud-based financial performance analytics for the healthcare industry. MedeAnalytics’ cloud-based tools are already used by over 1,500 healthcare organizations globally.
buyer: Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm that provides equity and strategic support to experienced management teams and growing companies. The firm collaborates with company management to improve business operations and provide capital to support growth initiatives. "
target: MedeAnalytics
MedeAnalytics provides evidence-based insights to solve a real problem that plagues healthcare – how to use the immense amount of patient data collected along the care continuum to deliver cost-effective care and promote a healthier population.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2014 via PR Newswire

TractManager, acquired MD Buyline

synopsis: TractManager, the leading provider of technology-enabled compliance and contract management services for healthcare organizations, marketed under MediTract, announced that it acquired MD Buyline, the market-leading provider of sophisticated healthcare analytics and supply chain spend intelligence capabilities to healthcare providers and vendors.
buyer parent: Arsenal Capital Partners
buyer: TractManager
TractManager is a leading provider of healthcare technology, systems, and services, which include contract management, compliance, and business intelligence solutions. With its proprietary solution, MediTract, the company currently works with more than 6,000 healthcare facilities and 130,000 users. "
target parent: SFW Capital Partners
target: MD Buyline
Healthcare providers recognize MD Buyline as the leading provider of evidence-based information and research. MD Buyline has partnered with providers for more than three decades to identify cost reduction opportunities for purchased services, consumables, capital and IT.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/26/2013 via PR Newswire

Cymetrix Corporation, acquired CareClarity, Inc.

synopsis: Cymetrix announced the acquisition of CareClarity, a premier healthcare analytics software-as-a-service (SaaS) company. With customers and partners in United States and United Kingdom, CareClarity offers compelling revenue cycle management SaaS solutions that help healthcare providers achieve better financial results.
buyer parent: Riordan, Lewis & Haden
buyer: Cymetrix Corporation
Cymetrix, a comprehensive revenue cycle management company, is a national leader in providing healthcare organizations and hospital-affiliated physician practices with end-to-end revenue cycle outsourcing solutions. "
target parent: Kramer Healthcare Technologies
target: CareClarity, Inc.
CareClarity is a San Francisco-based health analytics company, with compelling documentation, coding and revenue cycle management SaaS solutions that help healthcare providers fully capture revenues with reduced compliance risks.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/23/2010 via BusinessWire

Thomas H. Lee Partners, L.P., acquired Intermedix Corporation

synopsis: Intermedix Corporation, a leading provider of revenue cycle management and software solutions to the emergency healthcare industry, announced the completion of its previously announced acquisition by Thomas H. Lee Partners, L.P. from Parthenon Capital Partners.
buyer: Thomas H. Lee Partners, L.P.
Thomas H. Lee Partners, L.P. is one of the largest and oldest private equity investment firms in the United States and has raised and managed almost $20 billion of capital, making investments in over 100 businesses since its founding in 1974. "
target parent: Parthenon Capital
target: Intermedix Corporation
Intermedix provides revenue cycle management services for emergency physicians and hospital emergency departments, emergency medical services agencies, urgent care centers, and fire departments throughout the United States and has collected billions of dollars for its clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/16/2006 via BusinessWire

CareMedic Systems, Inc., acquired ActaView LLC

synopsis: CareMedic Systems, Inc. and ActaView, LLC, announce CareMedic's acquisition of ActaView. ActaView's performance management software and online dashboard reporting capabilities will enhance CareMedic's already industry-leading suite of healthcare revenue cycle management solutions.
buyer: CareMedic Systems, Inc.
CareMedic provides high value enterprise class solutions that streamline cash flow and speed the reimbursement process for hospitals and health systems, helping customers manage the complexity of the revenue cycle to increase their bottom lines. "
target: ActaView LLC
ActaView is a leading performance management software company, dedicated to helping its customers contain costs and increase profitability.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/27/2015 via GlobeNewswire

Rhodes Group merged with TriCore Reference Laboratories,

synopsis: TriCore Reference Laboratories announced its merger with Rhodes Group products and services, a clinical IT solutions company from Connecticut. Together they will provide world-class laboratory solutions in population health management, lab management, consulting, financial services, and leading IT and software platforms.
buyer: TriCore Reference Laboratories
TriCore Reference Laboratories provides the majority of clinical diagnostic testing for New Mexico and offers solutions and services in population health management and targeted intervention strategies. "
target: Rhodes Group
Rhodes Group is a clinical IT solutions company from Connecticut. Rhodes Group offers unique software solutions and large scale, front-to-back data integration.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/4/2016 via BusinessWire

Ability Network, Inc., acquired eHealth Data Solutions

synopsis: ABILITY Network, a leading healthcare information technology company, announced that it has acquired eHealth Data Solutions (eHDS). eHDS is a national software company offering tools that increase quality, reduce risk, create higher value and cost-effective resident-centered care using evidence-based decisions for long-term care providers.
buyer parent: Summit Partners
buyer: Ability Network, Inc.
ABILITY Network is a leading healthcare information technology company helping providers and payers simplify the administrative and clinical complexities of healthcare through innovative applications and data analytics. "
target: eHealth Data Solutions
eHealth Data Solutions is a national software company offering tools that increase quality, reduce risk and create higher value and cost-effective resident-centered care using evidence-based decisions for long-term/post-acute care providers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/25/2014 via PR Newswire

ZirMed Inc., acquired MethodCare, Inc.

synopsis: ZirMed announced the acquisition of MethodCare, Inc. MethodCare is a provider of predictive analytics solutions that increase revenue, maximize operational efficiencies, and provide the advanced analytics to help healthcare organizations achieve financial and clinical excellence.
buyer: ZirMed Inc.
ZirMed delivers proven cloud-based business and clinical performance management solutions to meet the challenges of managing population health and optimizing fee-for-service and fee-for-value reimbursements. "
target: MethodCare, Inc.
MethodCare is the leading provider of Big Data analytics to help healthcare organizations achieve financial and clinical excellence. Their cloud solutions provide the platform for data integration of all patient accounting and clinical systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2015 via GlobeNewswire

Premier, Inc., acquired InflowHealth LLC

synopsis: Premier, Inc., a leading healthcare improvement company, has acquired InflowHealth LLC, a SaaS-based software developer that specializes in improving the operational and financial performance of physician practices. InflowHealth's analytics solution allows physicians to pinpoint exactly where improvements can be made.
buyer: Premier, Inc. (PINC:$1,217.64)
Premier, Inc. is a leading healthcare improvement company, uniting an alliance of approximately 3,600 U.S. hospitals and 120,000 other providers to transform healthcare. Premier enables better care and outcomes at a lower cost. "
target: InflowHealth LLC
InflowHealth is a SaaS-based software developer that specializes in improving the operational and financial performance of physician practices. Their analytics solution aggregates financial and operational data from thousands of physicians across the US to pinpoint where improvements can be made.
price ($mm)
$8.10
rev ($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:$20.98)
Streamline Health Enterprise Content Management (ECM) simplifies the process of converting documents to digital images and enables them to be incorporated and integrated into electronic health record (EHR) systems.
price ($mm)
$16
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/25/2014 via PR Web

DataBank IMX, acquired Alpha Systems, Inc.

synopsis: DataBank IMX announced that it has acquired Alpha Systems. They are the leading provider of Electronic Document Management solutions to improve revenue cycle operations to hospitals and health systems in the Mid-Atlantic region.
buyer: DataBank IMX
DataBank IMX is an industry leader in Business Process Automation, providing Workflow & Enterprise Content Software solutions, document management and document conversion services with eleven state-of-the-art production centers nationwide. "
target: Alpha Systems, Inc.
Alpha Systems provides comprehensive data and document management solutions that address every stage of the healthcare information life cycle. By eliminating bottlenecks caused by paper processes and disparate IT systems, their electronic solutions deliver greater efficiency and improved cash flow.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/23/2019 via BusinessWire

New Mountain Capital, LLC, will acquire Ontario Systems, LLC

synopsis: Ontario Systems has executed a definitive agreement to be acquired by New Mountain Capital, a New York-based investment firm. Ontario Systems is a leading provider of enterprise software that automates operations and accelerates revenue recovery for clients in the healthcare, accounts receivable management (ARM), and government markets.
buyer: New Mountain Capital, LLC
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. They currently manages private equity, public equity, & credit funds with approximately $20 billion in aggregate capital commitments."
target parent: Arlington Capital Partners
target: Ontario Systems, LLC
Ontario Systems is a leading provider of enterprise software designed to improve operations and revenue recovery for clients in the healthcare industry and the accounts receivable management (ARM) market as well as federal, state, and local governments.
price ($mm)
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EV / rev
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Like EMSystems, LLC


read more

EMSystems, LLC

ReadyOp

read more

Collaborative Fusion, Inc.

EMSystems, LLC

read more

Intermedix Corporation

WPC Healthcare

T System, Inc.

Optima Corporation

FleetEyes, LLC.

Comprehensive Medical Billing Solutions, Inc.

Intermedix Corporation

EMSystems, LLC

HealthWare Solutions

read more

Digitize.AI, Inc.

AppRev

Connance

Collect Rx, Inc.

Intermedix Corporation

ZirMed Inc.

WhiteSpace Health Inc

Kreg Information Systems

MedeAnalytics

MD Buyline

CareClarity, Inc.

Intermedix Corporation

ActaView LLC

Rhodes Group

eHealth Data Solutions

MethodCare, Inc.

InflowHealth LLC

Streamline Health

Alpha Systems, Inc.

Ontario Systems, LLC

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
2019
rev ($mm)
$20.98
EBITDA ($mm)
$1.47
EBIT ($mm)
$0.52
Net Income ($mm)
Employees
105
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Ticker: QSII
 
 
 
 
 
 
 
 
Quality Systems, Inc.
Quality Systems, Inc.
Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices.
year
2015
rev ($mm)
$499.35
EBITDA ($mm)
$57.19
EBIT ($mm)
$44.23
Net Income ($mm)
$32.10
Employees
2927
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Ticker: QHR
 
 
 
 
 
 
 
 
QHR Technologies Inc.
QHR Technologies Inc.
QHR is a leader in Healthcare Technology, empowering providers and connecting patients. With an 11-year track record offering what is now the single leading Electronic Medical Records in Canada, QHR has a suite of complementary offerings that empower health professionals.
year
2016
rev ($mm)
$23.60
EBITDA ($mm)
$2.08
EBIT ($mm)
$0.83
Net Income ($mm)
$0.09
Employees
200
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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
2016
rev ($mm)
$21.30
EBITDA ($mm)
($1.14)
EBIT ($mm)
($5.80)
Net Income ($mm)
Employees
1600
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Ticker: MDRX
 
 
 
 
 
 
 
 
Allscripts
Allscripts
Allscripts is the leading provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. The company's unique solutions inform, connect and transform healthcare, delivering improved care at lower cost.
year
2019
rev ($mm)
$1,748.29
EBITDA ($mm)
$79.11
EBIT ($mm)
($10.28)
Net Income ($mm)
$396.06
Employees
9500
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Ticker: HAXS
 
 
 
 
 
 
 
 
Healthaxis, Inc.
Healthaxis, Inc.
HealthAxis Group is simultaneously the most experienced and modern SaaS-based supplier of benefit platform systems. The comprehensive suite offered by HealthAxis helps organizations address compliance, increase administrative efficiency, lower cost, and improve quality.
year
2007
rev ($mm)
$16.03
EBITDA ($mm)
$0.27
EBIT ($mm)
($0.86)
Net Income ($mm)
Employees
73
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Ticker: OTCPK:VMCI
 
 
 
 
 
 
 
 
iCoreConnect Inc.
iCoreConnect creates communication and practice management software that allows users to share information at the highest levels of security, and they back it up with real customer service.
year
2019
rev ($mm)
$1.01
EBITDA ($mm)
($2.86)
EBIT ($mm)
($2.87)
Net Income ($mm)
Employees
17
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Ticker:
 
 
 
 
 
 
 
 
NextGen Healthcare, Inc.
NextGen Healthcare, Inc.
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.
year
2019
rev ($mm)
$531.77
EBITDA ($mm)
$39.36
EBIT ($mm)
$26.17
Net Income ($mm)
$16.08
Employees
2660
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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
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Ticker: IDXX
 
 
 
 
 
 
 
 
IDEXX Laboratories
IDEXX Laboratories
IDEXX Laboratories, Inc. is a leader in pet healthcare innovation, serving practicing veterinarians around the world with a broad range of diagnostic and information technology-based products and services.
year
2014
rev ($mm)
$1,487.92
EBITDA ($mm)
$343.86
EBIT ($mm)
$286.78
Net Income ($mm)
$199.20
Employees
5700
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Ticker: MODN
 
 
 
 
 
 
 
 
Model N, Inc.
Model N, Inc.
Model N is the pioneer and leading provider of Revenue Management cloud solutions for the Life Sciences and High Technology industries. Model N helps its customers maximize their revenues by maximizing sell time, revenues per opportunity and number of opportunities.
year
2016
rev ($mm)
$106.97
EBITDA ($mm)
($26.81)
EBIT ($mm)
($32.74)
Net Income ($mm)
Employees
814
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Ticker: ENXTPA:CGM
 
 
 
 
 
 
 
 
Cegedim
Cegedim
Founded in 1969, Cegedim is a global technology and services company specializing in the healthcare field. Cegedim supplies services, technological tools, specialized software, data flow management services and databases.
year
2018
rev ($mm)
$512.82
EBITDA ($mm)
$50.20
EBIT ($mm)
$33.91
Net Income ($mm)
$6.33
Employees
4468
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Ticker: SYPT
 
 
 
 
 
 
 
 
Scrypt, Inc.
Scrypt, Inc.
Since 1998, Austin-based Scrypt, Inc. has been creating elegant document productivity tools for healthcare that eliminate manual processes and paper to save time and money. Scrypt has more than 30,000 customers across all 50 states.
year
2009
rev ($mm)
$0.27
EBITDA ($mm)
($0.85)
EBIT ($mm)
($0.91)
Net Income ($mm)
Employees
7
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Ticker: HAE
 
 
 
 
 
 
 
 
Haemonetics Corporation
Haemonetics Corporation
Haemonetics is a global healthcare company dedicated to providing innovative blood management solutions for our customers. Our technologies address important medical markets: blood and plasma component collection, the surgical suite, and hospital transfusion services.
year
2011
rev ($mm)
$676.69
EBITDA ($mm)
$167.00
EBIT ($mm)
$118.85
Net Income ($mm)
$79.98
Employees
2201
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