M&A Deal Summary

Netsmart Acquires SimpleLTC

On June 30, 2021, Netsmart acquired software company SimpleLTC from Briggs Healthcare

Acquisition Highlights
  • This is Netsmart’s 4th transaction in the Software sector.
  • This is Netsmart’s 13th transaction in the United States.
  • This is Netsmart’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-06-30
Target SimpleLTC
Sector Software
Buyer(s) Netsmart
Sellers(s) Briggs Healthcare
Deal Type Divestiture

Target

SimpleLTC

Richardson, Texas, United States
website
SimpleLTC is a data analytics software company that simplifies regulatory compliance, reimbursement optimization, and quality measurement for post-acute care healthcare. Specialties include predictive MDS and quality measures analytics, MDS workflow and reporting, PBJ compliance, and state-specific Medicaid and reimbursement solutions. SimpleLTC is based in Richardson, Texas.

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Buyer(S) 1

Buyer

Netsmart

Overland Park, Kansas, United States

website


Category Company
Founded 1968
Sector Internet Software and Services
Employees337
DESCRIPTION

Netsmart is a provider of enterprise software and software as a service (SaaS) solutions for health and human services providers. Netsmart provides technology and expertise to help health and human services providers deliver effective, outcomes-based services and care to more than 25 million persons nationwide. Netsmart clients include mental health and addiction services agencies, health homes, psychiatric hospitals, private and group mental health practices, public health departments, social services, child and family services agencies, managed care organizations and vital records offices. Netsmart was founded in 1968 and is based in Overland Park, Kansas.


DEAL STATS #
Overall 13 of 15
Sector (Software) 4 of 6
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 13 of 15
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-03 GPM

Asheville, North Carolina, United States

GPM Corp. is a Software-as-a-Service technology and services company devoted to the support of the long-term/post-acute care (LTPAC) community. A focus on solving LTPAC’s unique problems has made GPM the market’s leading provider of medical EHR solutions, with the GEHRIMED EHR as the flagship product. GPM was founded in 2010 and is based in Asheville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Remarkable Health

Chandler, Arizona, United States

Remarkable Health is a provider of artificial intelligence (AI) technology and software solutions for behavioral health, substance use and human services organizations. Remarkable Health is based in Chandler, Arizona.

Buy -

Seller(S) 1

SELLER

Briggs Healthcare

Moines, Iowa, United States

website


Category Company
Founded 1947
Sector Information Technology
DESCRIPTION

Briggs Healthcare is a trusted partner and provider of compliance tools and expertise to the post-acute market for more than 70 years. Briggs serves more than 50,000 customers with professional documentation systems and forms, compliance services, and data workflow and analytic capabilities through our subsidiary, SimpleLTC.


DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 1
Type (Divestiture) 2 of 3
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Briggs Healthcare - Stork

Moines, Iowa, United States

Briggs Healthcare - Stork products includes high-quality, branded sterile disposable obstetric products, such as the Plastibell® Disposable Circumcision Device, the Amnihook® Amniotic Membrane Perforator, the Double-Grip® Umbilical Cord Clamp, the Umbilical Cord Clamp® Clipper, the U-Bag® Pediatric Urine Collection Bag, and the Ready-Rolled® FootPrinter.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 HealthSmart International

Waukegan, Illinois, United States

HealthSmart International designs, creates and distributes products. HealthSmart International is based in Waukegan, Illinois.

Sell $78M