Add-on Acquisition • Software

Roper Technologies Acquires Strategic Healthcare Programs

On August 26, 2014, Roper Technologies acquired software company Strategic Healthcare Programs from Cressey & Company

Acquisition Context
  • This is Roper Technologies’ 3rd transaction in the Software sector.
  • This is Roper Technologies’ 14th transaction in the United States.
  • This is Roper Technologies’ 3rd transaction in California.

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M&A Deal Summary

Date August 26, 2014
Target Strategic Healthcare Programs
Sector Software
Buyer(s) Roper Technologies
Sellers(s) Cressey & Company
Deal Type Add-on Acquisition

Target Company

Strategic Healthcare Programs

Santa Barbara, California, United States
Strategic Healthcare Programs LLC is a provider of software and informatics solutions to the post-acute healthcare market.
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Buyer Overview 1

Buyer

Roper Technologies

Sarasota, Florida, United States

Category Company
Founded 1981
Sector Information Technology
Employees18,200
Revenue 7.0B USD (2024)
DESCRIPTION

Roper Technologies is a diversified technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Roper Technologies was founded in 1981 and is based in Sarasota, Florida.


Deal Context for Buyer #
Overall 17 of 39
Sector: Software 3 of 15
Type: Add-on Acquisition 17 of 39
State: California 3 of 4
Country: United States 14 of 34
Year: 2014 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-26 Innovative Product Achievements

Suwanee, Georgia, United States

IPA is a manufacturer of automated surgical scrub dispensing equipment for acute care hospitals and other healthcare providers. IPA’s solutions increase hospital productivity and provide tangible cost savings by reducing replacement and processing costs for scrubs and linens. IPA’s products are installed in over 650 hospitals throughout North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-27 IPA

Madison Heights, Michigan, United States

IPA LLC is a manufacturer of automated scrub suit and linen dispensing equipment for acute care hospitals a manufacturer of automated scrub suit and linen dispensing equipment.

Buy -

Seller Profile 1

SELLER

Cressey & Company

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cressey & Company LP is a specialist private equity investment firm focused on buy-and-build opportunities in the healthcare sector. The firm invests in the range of $10 - $100 million and EBITA of at least $5 million. The firm specific areas of interest include hospitals, homecare, outpatient services, and specialty distribution. Types of transaction include buyout, growth and recapitalization. It also seeks controlling interest. Cressey & Company has offices in Chicago, Illinois and Nashville, Tennessee.


Deal Context for Seller #
Overall 11 of 22
Sector: Software 2 of 2
Type: Add-on Acquisition 6 of 10
State: California 1 of 1
Country: United States 10 of 21
Year: 2014 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Homecare Homebase

Dallas, Texas, United States

Homecare Homebase LLC is a provider of software services to homecare and hospice providers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 Encompass Home Health

Dallas, Texas, United States

Encompass Home Health, Inc. (fka Advanced Homecare Management) is a provider of Medicare home nursing services in the large and highly fragmented Texas, Oklahoma and New Mexico markets.

Sell $750M