M&A Deal Summary

Intuit Acquires Medfusion

On May 10, 2010, Intuit acquired information technology company Medfusion from Hamilton Investment Partners for 91M USD

Acquisition Highlights
  • This is Intuit’s 7th transaction in the Information Technology sector.
  • This is Intuit’s 17th largest (disclosed) transaction.
  • This is Intuit’s 31st transaction in the United States.
  • This is Intuit’s 1st transaction in North Carolina.
Investment Fate
  • Medfusion was divested to a consortium of strategic buyers in 2019 for 43M USD.

M&A Deal Summary

Date 2010-05-10
Target Medfusion
Sector Information Technology
Buyer(s) Intuit
Sellers(s) Hamilton Investment Partners
Deal Type Add-on Acquisition
Deal Value 91M USD
Advisor(s) ArchPoint Partners (Financial)

Target

Medfusion

Cary, North Carolina, United States
website
Medfusion, Inc. is a provider of healthcare IT by centering on the information needs of the patient. It's patient-to-provider communication solutions that enable healthcare providers to offer superior service to their patients while improving office efficiency and generating revenue. Medfusion was founded in 1996 and is based in Cary, North Carolina.

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Buyer(S) 1

Buyer

Intuit

Mountain View, California, United States

website


Category Company
Founded 1983
Sector Software
Employees17,300
Revenue 12.7B USD (2022)
DESCRIPTION
Intuit's corporate headquarters in Mountain View, California.
Intuit's corporate headquarters in Mountain View, California.

Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.


DEAL STATS #
Overall 31 of 55
Sector (Information Technology) 7 of 8
Type (Add-on Acquisition) 27 of 51
State (North Carolina) 1 of 1
Country (United States) 31 of 49
Year (2010) 1 of 2
Size (of disclosed) 17 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-22 MRI Software

Solon, Ohio, United States

MRI Software is a provider of real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. MRI develops lasting client relationships based on nearly five decades of expertise and insight. MRI Software was established in 1971 and is based in Solon, Ohio.

Sell $128M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-10 Cha-Ching

United States

Cha-Ching provides finance managment software application.

Buy -

Seller(S) 1

SELLER

Hamilton Investment Partners

New York, New York, United States

Investor

website


Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

Hamilton Investment Partners LLC is a private investment firm that makes equity investments in partnerships that focus primarily on small and middle market buyouts and growth capital financings. Hamilton is primarily interested in the sectors of energy, manufacturing, distribution, consumer products, education, financial services and business services. The firm typically commits between $4 million to $8 million of capital per transaction, and alongside investment partners may invest $10 million to $20 million. In general, Hamilton targets companies with revenues between $5 million to $50 million. The firm prefers not to limit itself geographically; instead, Hamilton looks for opportunities where the firm has the best quality contacts: the Northeast and Mid Atlantic. The firm invests in control and minority positions. Hamilton Investment Partners LLC is based in New York, New York.


DEAL STATS #
Overall 3 of 7
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 3 of 5
State (North Carolina) 1 of 1
Country (United States) 3 of 7
Year (2010) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-01 Medfusion

Cary, North Carolina, United States

Medfusion, Inc. is a provider of healthcare IT by centering on the information needs of the patient. It's patient-to-provider communication solutions that enable healthcare providers to offer superior service to their patients while improving office efficiency and generating revenue. Medfusion was founded in 1996 and is based in Cary, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-24 Capital Payments

Atlanta, Georgia, United States

Capital Payments is a provider of merchant and electronic payment solutions. The company is uniquely focused on working with trusted advisors to help them navigate their business clients through the increasingly complex world of electronic payments. Capital Payments was founded in 2007 and is based in Atlanta, Georgia.

Sell -