M&A Deal Summary

The Advisory Board Company Acquires Care Team Connect

On November 4, 2013, The Advisory Board Company acquired healthcare services company Care Team Connect for 35M USD

Acquisition Highlights
  • This is The Advisory Board Company’s 2nd transaction in the Healthcare Services sector.
  • This is The Advisory Board Company’s largest (disclosed) transaction.
  • This is The Advisory Board Company’s 5th transaction in the United States.
  • This is The Advisory Board Company’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2013-11-04
Target Care Team Connect
Sector Healthcare Services
Buyer(s) The Advisory Board Company
Deal Type Add-on Acquisition
Deal Value 35M USD
Advisor(s) Healthcare Growth Partners LLC (Financial)

Target

Care Team Connect

Evanston, Illinois, United States
website
Care Team Connect, Inc. provides a comprehensive care management solution, powered by web-based SaaS technology, to help care teams coordinate patients across all settings.

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Buyer(S) 1

Buyer

The Advisory Board Company

Washington, District of Columbia, United States

website

Category Company
Founded 1979
Sector Business Services
Employees3,500
Revenue 768M USD (2015)
DESCRIPTION

The Advisory Board Company is a global research, consulting, and technology firm helping hospital and health system leaders improve the quality and efficiency of patient care. The company provides strategic guidance, actionable insights, and comprehensive implementation and management services.

DEAL STATS #
Overall 5 of 8
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 4 of 7
State (Illinois) 2 of 2
Country (United States) 5 of 8
Year (2013) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-06 360Fresh

Palo Alto, California, United States

360Fresh, Inc. (“360Fresh” or the “Company”) has developed and commercialized innovative clinical analytics software and solutions for acute and post-acute care providers, accountable care organizations, payors, and other stakeholders in the healthcare industry focused on improving quality, reducing costs, and streamlining care coordination.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-05 HealthPost

Houston, Texas, United States

HealthPost, Inc. provides cloud-based software that enables seamless appointment scheduling across multiple care settings.

Buy $25M
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