M&A Deal Summary

Access Healthcare Acquires Envera Health

On October 12, 2023, Access Healthcare acquired information technology company Envera Health from Harbert Private Capital

Acquisition Highlights
  • This is Access Healthcare’s 1st transaction in the Information Technology sector.
  • This is Access Healthcare’s 2nd transaction in the United States.
  • This is Access Healthcare’s 1st transaction in Virginia.

M&A Deal Summary

Date 2023-10-12
Target Envera Health
Sector Information Technology
Buyer(s) Access Healthcare
Sellers(s) Harbert Private Capital
Deal Type Add-on Acquisition

Target

Envera Health

Richmond, Virginia, United States
Envera Health is a provider of patient engagement service platform delivers an ecosystem of connectivity to strengthen health systems and physician practices. Envera Health is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Access Healthcare

Dallas, Texas, United States

Category Company
Founded 2011
Sector Information Technology
DESCRIPTION

Access Healthcare is a technology-enabled revenue cycle management platform that serves as a trusted partner to healthcare providers and stakeholders, and delivers significant savings for its clients by optimizing operations across the front-end, mid-cycle, and back-end of the revenue cycle. Access Healthcare was founded in 2011 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-31 Pacific BPO

Teaneck, New Jersey, United States

Pacific Global, Inc. is a global business process outsourcing company that offers focused cost and process optimization solutions to clients in the healthcare industry. It specializes in offshore outsourcing services including, but not limited to, medical coding, medical billing, insurance claim processing.

Buy -

Seller(S) 1

SELLER

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


DEAL STATS #
Overall 42 of 44
Sector: Information Technology M&A 4 of 5
Type: Add-on Acquisition M&A Deals 25 of 27
State: Virginia M&A 2 of 2
Country: United States M&A 41 of 43
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 Vology

Clearwater, Florida, United States

Vology is a high-growth strategic solutions provider with the capabilities to handle full Information technology needs from managed services to field services and product solutions. Vology was founded in 1996 and is based in Clearwater, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 Payzer

Charlotte, North Carolina, United States

Payzer provides an end-to-end Field Service Management platform that helps contractors run their business, grow sales, and simplify back-office operations. The Payzerware platform provides complete business management software including scheduling and dispatching, invoicing, sales proposals, and maintenance agreements. Payzer was founded in 2012 and is based in Charlotte, North carolina.

Sell $250M