M&A Deal Summary

The Riverside Company Acquires AdhereHealth

On December 1, 2009, private equity firm The Riverside Company acquired information technology company AdhereHealth

Acquisition Highlights
  • This is The Riverside Company’s 3rd transaction in the Information Technology sector.
  • This is The Riverside Company’s 88th transaction in the United States.
  • This is The Riverside Company’s 3rd transaction in Tennessee.

M&A Deal Summary
Date 2009-12-01
Target AdhereHealth
Sector Information Technology
Buyer(s) The Riverside Company
Deal Type Buyout (LBO, MBO, MBI)

Target

AdhereHealth

Franklin, Tennessee, United States
website
AdhereHealth is a technology solutions leader supporting health plans, self-insured employers and other risk-bearing entities for medication adherence insights and healthcare outcomes. AdhereHealth’s subsidiary company, AdhereRx, is a free concierge pharmacy for consumers with low-income subsidies and social determinants of health. AdhereRx coordinates complex medication regimens, has 24/7 access to pharmacy clinicians, delivers prescriptions via a private courier service, and can take cash on delivery at the consumer’s home.

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Buyer(S) 1

Buyer

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 120 of 283
Sector (Information Technology) 3 of 9
Type (Buyout (LBO, MBO, MBI)) 97 of 146
State (Tennessee) 3 of 5
Country (United States) 88 of 195
Year (2009) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 ATI Career Training Center

Albuquerque, New Mexico, United States

ATI Enterprises, Inc., which does business as ATI Technical Training Center operates career college campuses in Texas, Florida, Oklahoma and New Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-01 WhatCounts

Atlanta, Georgia, United States

WhatCounts is web-based e-mail marketing through a software-as-a-service platform also offers SMS mobile marketing, broadcast voice messaging, database management, customer intelligence, and online lead generation services. WhatCounts was established in 2000 and is based in Atlanta, Georgia.

Buy -
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