M&A Deal Summary

T-System Acquires Marina Medical Billing Service

On June 22, 2012, T-System acquired business services company Marina Medical Billing Service from American Capital

Acquisition Highlights
  • This is T-System’s 1st transaction in the Business Services sector.
  • This is T-System’s 2nd transaction in the United States.
  • This is T-System’s 1st transaction in California.
Investment Fate
  • Marina Medical Billing Service was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2012-06-22
Target Marina Medical Billing Service
Sector Business Services
Buyer(s) T-System
Sellers(s) American Capital
Deal Type Add-on Acquisition

Target

Marina Medical Billing Service

Cerritos, California, United States
website
Marina Medical Billing Service, Inc. is a provider of billing and collection services to hospital emergency department physician groups and physician practice management companies in six states.

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Buyer(S) 1

Buyer

T-System

Dallas, Texas, United States

website


Category Company
Founded 1996
Sector Business Services
DESCRIPTION

T-System is a developer of clinical documentation and coding solutions for hospital-based emergency departments and urgent care facilities. T-System was established in 1996 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-28 Clinical Coding Solutions

North Kansas City, Missouri, United States

Clinical Coding Solutions specializes in leveraging technology to provide the most efficient and effective facility and professional charge capture and coding for emergency departments (EDs), observation, urgent care centers and outpatient clinics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-10 Marina Medical Billing Service

Cerritos, California, United States

Marina Medical Billing Service, Inc. is a provider of billing and collection services to hospital emergency department physician groups and physician practice management companies in six states.

Sell -

Seller(S) 1

SELLER

American Capital

website


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 141 of 194
Sector (Business Services) 12 of 14
Type (Add-on Acquisition) 65 of 87
State (California) 24 of 30
Country (United States) 138 of 186
Year (2012) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-07 CAMP Systems International

Ronkonkoma, New York, United States

CAMP Systems International, Inc. is a provider of software-as-a-service (“SaaS”) solutions for managing and tracking the maintenance of jets, turbo prop aircraft and helicopters used in business aviation, as well as enterprise information systems used to manage service centers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-09 Air Distribution Technologies

Richardson, Texas, United States

Air Distribution Technologies is a provider of air-distribution and ventilation products for residential and industrial buildings in North America, with brands such as Ruskin, Titus, Hart & Cooley and Krueger.

Buy $1.1B