M&A Deal Summary

HealthEdge Investment Partners and TA Associates Acquire Omega Healthcare

On November 7, 2006, private equity firms HealthEdge Investment Partners and TA Associates acquired information technology company Omega Healthcare

Acquisition Highlights
  • This is HealthEdge Investment Partners’ 1st and TA Associates’ 15th transaction in the Information Technology sector.
  • This is HealthEdge Investment Partners’ 3rd and TA Associates’ 129th transaction in the United States.
  • This is HealthEdge Investment Partners’ 1st and TA Associates’ 9th transaction in Florida.

M&A Deal Summary
Date 2006-11-07
Target Omega Healthcare
Sector Information Technology
Buyer(s) HealthEdge Investment Partners
TA Associates
Deal Type Buyout (LBO, MBO, MBI)

Target

Omega Healthcare

Boca Raton, Florida, United States
website
OMH HealthEdge Holdings, Inc is a provider of outsourcing services to U.S.-based medical billing companies. The Company currently provides the following services from its wholly-owned facilities in Bangalore and Chennai, India: medical coding (professional and facility), accounts receivable management (correspondence management, A/R analysis, and collections), and data entry into different client software applications (charges, insurance coding, demographics, and cash posting). OMH HealthEdge Holdings is based in Boca Raton, Florida.

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Buyer(S) 2

Buyer

HealthEdge Investment Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

HealthEdge Investment Partners is an operating-oriented private equity firm that targets the healthcare industry. The firm pursues buyouts, recapitalizations or structured investments in healthcare companies with a strong market share. HealthEdge targets businesses with enterprise value ranging between $10 million and $100 million, and with revenues ranging between $5 million and $75 million. Moreover, the firm looks for companies with EBITDA near $15 million. The firm typically commits between $5 million to $20 million of capital per company. HealthEdge focuses on the healthcare segments that involve medical products, devices and equipment, healthcare services, healthcare IT, pharmaceutical, and distribution. HealthEdge Investment Partners was founded in 2005 and is based in Tampa, Florida.

DEAL STATS #
Overall 3 of 24
Sector (Information Technology) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 2 of 10
State (Florida) 1 of 8
Country (United States) 3 of 24
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-14 Dispensing Solutions

Santa Ana, California, United States

Dispensing Solutions, Inc. is a specialty pharmaceutical business specializing in the repackaging of pharmaceuticals for the physician and government markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-04 Advanced Bio-Technologies

Suwanee, Georgia, United States

Advanced Bio-Technologies, Inc. is a privately held dermatological products company that markets Kelo-cote, a patented, self-drying, silicone-based range of products for scar prevention and treatment. ABT’s flagship product, Kelo-cote Advanced Formula Scar Gel, is a proprietary silicone technology used to treat and prevent abnormal scarring such as keloid, burn and hypertrophic scars.

Buy -
Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 141 of 361
Sector (Information Technology) 15 of 36
Type (Buyout (LBO, MBO, MBI)) 53 of 71
State (Florida) 9 of 16
Country (United States) 129 of 262
Year (2006) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-06 eDreams

Barcelona, Spain

eDreams is the online travel agency in Southern Europe. It focuses on offering the best selection of flights, hotels and vacation packages through the use of innovative search, packaging and booking engines via the Internet.

Buy €153M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-19 SoftMed Systems

Silver Spring, Maryland, United States

SoftMed Systems, Inc. offers healthcare information systems (HIM) for clinicians and healthcare facilities. It provides solutions related to disclosure management, secure access to patient information, managing transcription costs, solving coder shortages, and quality and resource management.

Sell -
Mergr

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