M&A Deal Summary

STG Acquires System C Healthcare

On July 2, 2014, private equity firm STG acquired information technology company System C Healthcare from McKesson

Acquisition Highlights
  • This is STG’s 12th transaction in the Information Technology sector.
  • This is STG’s 4th transaction in the United Kingdom.
Investment Fate
  • System C Healthcare was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2014-07-02
Target System C Healthcare
Sector Information Technology
Buyer(s) STG
Sellers(s) McKesson
Deal Type Divestiture

Target

System C Healthcare

Maidstone, United Kingdom
website
System C Healthcare plc is a health and social care software supplier. The company's products include the Medway electronic patient record and associated products, CarePlus Child Health and the Liquidlogic range of social care software. System C was formed in 1983 and is based in Maidstone, United Kingdom.

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Buyer(S) 1

Buyer

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2002
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.

DEAL STATS #
Overall 25 of 63
Sector (Information Technology) 12 of 21
Type (Divestiture) 8 of 21
Country (United Kingdom) 4 of 6
Year (2014) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-03 Jobrapido

Milan, Italy

Jobrapido is a job search engine operating in 58 countries with a strong presence in Europe. The company provides a one-stop platform for job-seekers to connect with employers. Jobrapido was formed in 2006 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-04 Maincare Solutions

Cestas, France

Maincare Solutions is a provider of IT solutions for healthcare organizations. Maincare Solutions is a provider of electronic patient records in France and works with 80% of the French academic hospitals. Maincare Solutions was founded in 1999 and is based in Cestas, France.

Buy -

Seller(S) 1

SELLER

McKesson

Irving, Texas, United States

website

Category Company
Founded 1833
Sector Information Technology
Employees58,000
Revenue 264.0B USD (2022)
DESCRIPTION
McKesson office in The Woodlands, Texas.
McKesson office in The Woodlands, Texas.

McKesson is a health care services and information technology company. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, health care information technology, and business and clinical services. McKesson was founded in 1833 and is based in Irving, Texas.

DEAL STATS #
Overall 8 of 17
Sector (Information Technology) 4 of 6
Type (Divestiture) 8 of 17
Country (United Kingdom) 1 of 2
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 quCare Solutions B.V.

Nieuwegein, Netherlands

quCare Solutions B.V. is a provider of eHealth software to hospitals and mental healthcare institutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-04 Maincare Solutions

Cestas, France

Maincare Solutions is a provider of IT solutions for healthcare organizations. Maincare Solutions is a provider of electronic patient records in France and works with 80% of the French academic hospitals. Maincare Solutions was founded in 1999 and is based in Cestas, France.

Sell -
Mergr

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