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  6. Convergint Acquires Innovative Medical Systems

M&A Deal Summary

Convergint Acquires Innovative Medical Systems

On December 2, 2020, Convergint acquired information technology company Innovative Medical Systems

Acquisition Highlights
  • This is Convergint’s 9th transaction in the Information Technology sector.
  • This is Convergint’s 23rd transaction in the United States.
  • This is Convergint’s 1st transaction in Michigan.

M&A Deal Summary
Date 2020-12-02
Target Innovative Medical Systems
Sector Information Technology
Buyer(s) Convergint
Deal Type Add-on Acquisition

Target

Innovative Medical Systems

Grand Rapids, Michigan, United States
Innovative Medical Systems, Inc. is a specialized integrator in the healthcare market, providing solutions for complex hospital hardware and software systems requiring a multi-departmental “buy-in” and after-sale support. The company offers several innovative technology solutions to healthcare facilities, including Real-Time Location Systems (RTLS), EMR battery management software, and security. Innovative Medical Systems was founded in 1988 and is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

Convergint

Schaumburg, Illinois, United States
Category Company
Founded 2001
Sector Safety/Security
DESCRIPTION

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

DEAL STATS #
Overall 34 of 61
Sector: Information Technology M&A 9 of 17
Type: Add-on Acquisition M&A Deals 31 of 56
State: Michigan M&A 1 of 1
Country: United States M&A 23 of 40
Year: 2020 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Smith Hamilton

Amarillo, Texas, United States

Smith Hamilton, Inc. is an installation and service provider for physical security, electronic security, and advanced solutions across the financial industry. With particular expertise in retail bank branches and credit unions, the company delivers innovative solutions to drive efficiency, reduce operational costs, increase revenue, and enhance overall customer experience. Smith Hamilton was founded in 1989 and is based in Amarillo, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Advantage Medical

Calimesa, California, United States

Advantage Medical, Inc. is a deployment and support of wireless patient security systems in acute care hospitals. Advantage Medical is based in Calimesa, California.

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