M&A Deal Summary

Cognizant Acquires Bolder Healthcare Solutions

On March 12, 2018, Cognizant acquired information technology company Bolder Healthcare Solutions from The Edgewater Funds

Acquisition Highlights
  • This is Cognizant’s 9th transaction in the Information Technology sector.
  • This is Cognizant’s 11th transaction in the United States.
  • This is Cognizant’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2018-03-12
Target Bolder Healthcare Solutions
Sector Information Technology
Buyer(s) Cognizant
Sellers(s) The Edgewater Funds
Deal Type Add-on Acquisition

Target

Bolder Healthcare Solutions

Louisville, Kentucky, United States
website
Bolder Healthcare Solutions LLC is a privately-held provider of revenue cycle management (RCM) solutions to hospitals, physician practices and other specialist healthcare organizations in the United States. RCM software and processes integrate and automate healthcare administrative and medical data to ensure benefit eligibility and accurate billing and collections, greatly reducing the time between delivery of service to payment received. Louisville, Kentucky-based Bolder Healthcare Solutions is one of the fastest growing RCM companies, serving many of the largest U.S. health systems. Their RCM offerings will further expand Cognizant's leading healthcare consulting, IT and business process services into more hospitals, hospital outpatient departments, physician practices, and other specialty care providers.

Search 192,860 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Cognizant

Teaneck, New Jersey, United States

website


Category Company
Founded 1994
Sector Information Technology
Employees355,300
Revenue 19.4B USD (2022)
DESCRIPTION
Cognizant's office in Hyderabad, India.
Cognizant's office in Hyderabad, India.

Cognizant is a provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Cognizant was incorporated in 1994 and is based in Teaneck, New Jersey.


DEAL STATS #
Overall 27 of 54
Sector (Information Technology) 9 of 20
Type (Add-on Acquisition) 21 of 45
State (Kentucky) 1 of 1
Country (United States) 11 of 26
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Zone

London, United Kingdom

Zone Ltd. is an independent full service digital agencies specializing in customer experience, digital strategy, technology and content creation. Zone Ltd. was established in 2000 and is based in London, UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-02 Hedera Consulting BVBA

Kontich, Belgium

Hedera Consulting BVBA is a provider in business advisory and data analytics services across a number of industry sectors. Hedera Consulting BVBA was established in 2009 and is based in Kontich, Belgium.

Buy -

Seller(S) 1

SELLER

The Edgewater Funds

Chicago, Illinois, United States

website


Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 27 of 40
Sector (Information Technology) 5 of 6
Type (Add-on Acquisition) 14 of 17
State (Kentucky) 1 of 2
Country (United States) 26 of 39
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 DataBank

Dallas, Texas, United States

DataBank is a provider of an enterprise-class data center, cloud, and interconnection services, offering customers 100% uptime availability of data, applications, and infrastructure. DataBank’s managed data center services are anchored in world-class facilities. DataBank’s customized technology solutions are designed to help customers effectively manage risk, improve their technology performance and allow them to focus on their core business objectives.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Paragon Water Systems

Clearwater, Florida, United States

Paragon Water Systems, Inc. develops and produces “point-of-use” water filtration products for leading global Original Equipment Manufacturer (“OEM”) clients, big brand suppliers to specialty and big box retailers, direct sales organisations and companies with national or international water filtration dealership networks.

Sell -