M&A Deal Summary

Great Point Partners Acquires iVantage

On June 7, 2013, private equity firm Great Point Partners acquired information technology company iVantage for 10M USD

Acquisition Highlights
  • This is Great Point Partners’ 2nd transaction in the Information Technology sector.
  • This is Great Point Partners’ 2nd largest (disclosed) transaction.
  • This is Great Point Partners’ 11th transaction in the United States.
  • This is Great Point Partners’ 1st transaction in Maine.

M&A Deal Summary
Date 2013-06-07
Target iVantage
Sector Information Technology
Buyer(s) Great Point Partners
Deal Type Recapitalization
Deal Value 10M USD

Target

iVantage

Portland, Maine, United States
website
iVantage is a provider of health care informatics and business analytics solutions that transform complex data into actionable business intelligence. This platform is used by hospital management teams to drive empirical and evidence based decision making. These tools are positioned at the center of a large market opportunity due to increased demand for meaningful data driven by new compliance based requirements and operational challenges of the Patient Protection and Affordable Care Act.

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Buyer(S) 1

Buyer

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Great Point Partners is a private investment firm focused on investing in private and public healthcare companies. Great Point's private equity practice invests $7 to $50 million of growth capital in private, growing companies. Specific areas of interest within the healthcare sector includes biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, medical devices, specialty pharmaceuticals, and worker compensation companies. Great Point Partners was formed in 2003 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 12 of 33
Sector (Information Technology) 2 of 3
Type (Recapitalization) 3 of 15
State (Maine) 1 of 1
Country (United States) 11 of 27
Year (2013) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-23 CellCarta

Montreal, Quebec, Canada

CellCarta is a provider of specialized precision medicine laboratory services to the biopharmaceutical industry. Leveraging its integrated analytical platforms in immunology, histopathology, proteomics and genomics, as well as related specimen collection and logistics services, CellCarta supports the entire drug development cycle, from discovery to late-stage clinical trials.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-15 Citra Health Solutions

Jacksonville, Florida, United States

Citra Health Solutions, Inc. is a provider of capitation management software solutions. Citra Health Solutions is based in Jacksonville, Florida.

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