M&A Deal Summary

GE Medical Systems Acquires MECON

On April 5, 2000, GE Medical Systems acquired business services company MECON from Summit Partners

Acquisition Highlights
  • This is GE Medical Systems’ 1st transaction in the Business Services sector.
  • This is GE Medical Systems’ 1st transaction in the United States.
  • This is GE Medical Systems’ 1st transaction in California.

M&A Deal Summary
Date 2000-04-05
Target MECON
Sector Business Services
Buyer(s) GE Medical Systems
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

MECON

San Ramon, California, United States
MECON, Inc. provides operations benchmarking data, decision support software, and other value-added information services to hospitals.

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Buyer(S) 1

Buyer

GE Medical Systems

Waukesha, Wisconsin, United States
Category Company
Sector Healthcare Services
DESCRIPTION

GE Medical Systems, Inc. provides diagnostic imaging, healthcare IT, and life-sciences solutions.

DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (California) 1 of 1
Country (United States) 1 of 2
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-08 Visualization Technology

Wilmington, Massachusetts, United States

VTI is a privately-held manufacturer of intraoperative systems and related products for use in image-guided surgery within the specialties of EMT, Cranial, Spine, and Orthopedics.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 66 of 281
Sector (Business Services) 5 of 19
Type (Add-on Acquisition) 20 of 126
State (California) 22 of 62
Country (United States) 64 of 243
Year (2000) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-01 Paragon Vision Sciences

Mesa, Arizona, United States

Paragon Vision Sciences is a manufacturer of the polymer materials used in the manufacture of rigid gas permeable contact lenses. Paragon Vision Sciences was founded in 1976 and is based in Mesa, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-27 Vispero

Clearwater, Florida, United States

Vispero is a manufacturer and marketer of an assistive technology products for those who are blind or have low vision. The company's products include screen reading software for the blind, magnification software for those with low-vision, and other products for accessible scanning and reading, as well as Braille displays, notetakers, and the world's leading accessible PDA for the blind. Vispero was founded in 2000 and is based in Clearwater, Florida.

Buy -
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