M&A Deal Summary

CBIZ Acquires ProMedical

On October 4, 2012, CBIZ acquired business services company ProMedical

Acquisition Highlights
  • This is CBIZ’s 11th transaction in the Business Services sector.
  • This is CBIZ’s 27th transaction in the United States.
  • This is CBIZ’s 3rd transaction in Florida.

M&A Deal Summary
Date 2012-10-04
Target ProMedical
Sector Business Services
Buyer(s) CBIZ
Deal Type Add-on Acquisition

Target

ProMedical

Ocala, Florida, United States
website
ProMedical, Inc. is a full-service provider of medical billing and practice management services exclusively for hospital-based anesthesiology practices.

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Buyer(S) 1

Buyer

CBIZ

Cleveland, Ohio, United States

website

Category Company
Founded 1987
Sector Business Services
Employees6,500
Revenue 1.4B USD (2022)
DESCRIPTION

CBIZ provides professional business services, products and solutions that help its clients grow and succeed by better managing their finances and employees. These services are provided to businesses of various sizes, as well as individuals, governmental entities and not-for-profit enterprises throughout the United States and parts of Canada. CBIZ delivers its integrated services through the following three practice groups: Financial Services, Employee Services, and National Practices. By providing custom solutions that help clients manage their finances and employees, CBIZ enables its clients to focus their resources on their own core business and operational competencies. CBIZ was founded in 1987 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 27 of 68
Sector (Business Services) 11 of 35
Type (Add-on Acquisition) 25 of 61
State (Florida) 3 of 6
Country (United States) 27 of 67
Year (2012) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-10 Trinity Risk Advisors

Alpharetta, Georgia, United States

Trinity Risk Advisors, Inc. is a specialty property and casualty brokerage firm providing primarily medical malpractice insurance to the healthcare industry and specialized insurance to the transportation industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-06 Leavitt Pacific Employee Benefit Division

United States

Leavitt Pacific Employee Benefit Division provides employee benefits, retirement plan services, as well as ancillary business support and services to small-, mid-sized and large clients in the San Jose region.

Buy -
Mergr

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