M&A Deal Summary

Chartis Acquires iVantage

On November 5, 2015, Chartis acquired information technology company iVantage from Great Point Partners

Acquisition Highlights
  • This is Chartis’ 1st transaction in the Information Technology sector.
  • This is Chartis’ 1st transaction in the United States.
  • This is Chartis’ 1st transaction in Maine.

M&A Deal Summary
Date 2015-11-05
Target iVantage
Sector Information Technology
Buyer(s) Chartis
Sellers(s) Great Point Partners
Deal Type Add-on Acquisition

Target

iVantage

Portland, Maine, United States
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. iVantage was founded in 2011 and is based in Portland, Maine.

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Buyer(S) 1

Buyer

Chartis

Chicago, Illinois, United States
Category Company
Founded 2002
Sector Business Services
DESCRIPTION

Chartis is a healthcare advisory firm that develops and activates transformative strategies, operating models, and organizational enterprises. The company helps providers, payers, technology innovators, retail companies, and investors create and embrace solutions that radically reshape healthcare for the better. Its family of brands includes Chartis, Jarrard, Greeley, and HealthScape Advisors. Chartis was founded in 2002 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 5
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (Maine) 1 of 1
Country (United States) 1 of 5
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 The Greeley

Danvers, Massachusetts, United States

The Greeley Co. Inc. is a healthcare consulting firm that partners with hospital administrative and clinical teams to solve problems and improve processes related to accreditation and regulatory compliance, medical staff optimization, and physician alignment, and credentialing and privileging. The company's offering includes consulting services, interim staffing, business process outsourcing, education services, and external peer review. Greeley was formed in 1993 and is based in Danvers, Massachusetts.

Buy -

Seller(S) 1

SELLER

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 1.7B 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 $10 to $100 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 6 of 18
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 3 of 7
State (Maine) 1 of 1
Country (United States) 5 of 14
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Cytovance Biologics

Oklahoma City, Oklahoma, United States

Cytovance is a contract manufacturing organization of mammalian and microbial biologics. The company works with biotechnology and pharmaceutical companies in the development and manufacturing of proteins, antibodies, and cell-based therapeutic products. Cytovance supports its customers from clinical development to commercial launch in domestic and international markets.

Sell $206M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 Equian

Indianapolis, Indiana, United States

Equian LLC is a healthcare information services company focused on lowering the cost of care by eliminating waste. Equian was founded in 1987 and is based in Indianapolis, Indiana.

Sell $225M
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