M&A Deal Summary

Bank of America Acquires HealthLogic Systems

On September 11, 2006, Bank of America acquired information technology company HealthLogic Systems

Acquisition Highlights
  • This is Bank of America’s 1st transaction in the Information Technology sector.
  • This is Bank of America’s 5th transaction in the United States.
  • This is Bank of America’s 1st transaction in Georgia.

M&A Deal Summary
Date 2006-09-11
Target HealthLogic Systems
Sector Information Technology
Buyer(s) Bank of America
Deal Type Add-on Acquisition

Target

HealthLogic Systems

Tucker,, Georgia, United States
website
HealthLogic Systems has been engages in developing new technologies that move providers from paper to more automated, HIPAA-compliant processing. Its broad array of services enable hospitals and other healthcare providers to expedite billing and claims processing, gain efficiencies and reduce costs.

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Buyer(S) 1

Buyer

Bank of America

Charlotte, North Carolina, United States

website

Category Company
Founded 1784
Sector Financial Services
Employees217,000
Revenue 95.0B USD (2022)
DESCRIPTION
Entrance to Bank of America Center in downtown Charlotte, North Carolina.
Entrance to Bank of America Center in downtown Charlotte, North Carolina.

Bank of America is a financial services institution serving individual consumers, small- and middle-market businesses, institutional investors, large corporations and governments with a full range of banking, investing, asset management and other financial and risk management products and services. Bank of America was incorporated in 1784 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 5 of 12
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 4 of 7
State (Georgia) 1 of 1
Country (United States) 5 of 11
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-30 MBNA

Wilmington, Delaware, United States

MBNA, is a independent credit card lender in the world and a recognized leader in affinity marketing, is an international financial services company providing lending, deposit, and credit insurance products and services. MBNA credit cards and related products and services are endorsed by more than 5,000 organizations worldwide.

Buy $35.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-23 LaSalle Bank

Chicago, Illinois, United States

LaSalle Bank Corporation is the bank holding company with more than USD 113 billion in assets. Through its subsidiaries, the company has retail and commercial operations in 20 states and 26 cities across the U.S. LaSalle Bank Corporation's subsidiary banks serve individuals, small businesses, middle-market companies and institutions through more than 400 retail locations and 1,500 ATMs.

Buy $16.0B
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