M&A Deal Summary

Pamlico Capital Acquires HEALTHCAREfirst

On September 5, 2012, private equity firm Pamlico Capital acquired internet software and services company HEALTHCAREfirst from The Riverside Company

Acquisition Highlights
  • This is Pamlico Capital’s 3rd transaction in the Internet Software and Services sector.
  • This is Pamlico Capital’s 39th transaction in the United States.
  • This is Pamlico Capital’s 2nd transaction in Missouri.
Investment Fate
  • HEALTHCAREfirst was sold to a publicly-traded strategic buyer in 2018.

M&A Deal Summary
Date 2012-09-05
Target HEALTHCAREfirst
Sector Internet Software and Services
Buyer(s) Pamlico Capital
Sellers(s) The Riverside Company
Deal Type Secondary Buyout
Advisor(s) Piper Jaffray Companies (Financial)
Jones Day (Legal)

Target

HEALTHCAREfirst

Springfield, Missouri, United States
website
HEALTHCAREfirst, Inc. is a provider of Software-as-a-Service (“SaaS”) solutions and services to home health and hospice agencies nationwide. HEALTHCAREfirst's solutions are web-based, providing critical patient information and management tools at the point of care.

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Buyer(S) 1

Buyer

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 41 of 84
Sector (Internet Software and Services) 3 of 7
Type (Secondary Buyout) 7 of 17
State (Missouri) 2 of 2
Country (United States) 39 of 79
Year (2012) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-05 Securadyne Systems

Dallas, Texas, United States

Securadyne Systems LLC is a security systems integration company providing integrated & managed electronic security solutions with emphasis on risk mitigation and business process improvement. Securadyne Systems was established in 2012 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-26 Secure-24 Intermediate Holdings

Southfield, Michigan, United States

Secure-24 Intermediate Holdings, Inc. is a provider of managed IT operations, hosting and cloud services, providing highly available environments and expert management and support for your business critical applications. Secure-24 Intermediate Holdings, Inc. was established in 2001 and is based in Southfield, Michigan.

Buy -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 68 of 189
Sector (Internet Software and Services) 1 of 11
Type (Secondary Buyout) 32 of 77
State (Missouri) 1 of 1
Country (United States) 51 of 132
Year (2012) 12 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-13 Independent Doctors of Optometric Care

Norwalk, Connecticut, United States

Independent Doctors of Optometric Care is an alliance of independent optometrists throughout the U.S. IDOC includes practices representing more than 1,400 optometrist members across the United States. The company has more than 65 partner vendors and provides group purchasing services, marketing, and continuing-education offerings to its members.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 Coeur

Lebanon, Tennessee, United States

Coeur, Inc. is a designer and manufacturer of proprietary disposable medical products used primarily in imaging labs during diagnostic and therapeutic imaging procedures, such as angiography, computed tomography (“CT”) and magnetic resonance imaging (“MRI”).

Sell -
Mergr

Product

Company

Legal