M&A Deal Summary

Acclara Solutions Acquires Patient Accounts Services

On April 4, 2017, Acclara Solutions acquired healthcare services company Patient Accounts Services from Altaris

Acquisition Highlights
  • This is Acclara Solutions’ 1st transaction in the Healthcare Services sector.
  • This is Acclara Solutions’ 1st transaction in the United States.
  • This is Acclara Solutions’ 1st transaction in Texas.

M&A Deal Summary

Date 2017-04-04
Target Patient Accounts Services
Sector Healthcare Services
Buyer(s) Acclara Solutions
Sellers(s) Altaris
Deal Type Merger

Target

Patient Accounts Services

Houston, Texas, United States
Patient Accounts Services LLC is a provider of the healthcare industry with a revenue cycle management/AR Firm that recovers cash in a minimum number of days while providing patients with impeccable, complaint free, and customer service.

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Buyer(S) 1

Buyer

Acclara Solutions

Houston, Texas, United States

Category Company
Sector Healthcare Services
DESCRIPTION

Acclara Solutions is a revenue cycle management firm that helps hospitals, health systems, and physician practices recover more revenue more quickly with services for patient financial responsibility, insurance reimbursement, and conversion assistance. Acclara Solutions is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Altaris

New York City, New York, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 19 of 28
Sector: Healthcare Services M&A 5 of 6
Type: Merger M&A Deals 1 of 2
State: Texas M&A 1 of 2
Country: United States M&A 17 of 26
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Acclara Solutions

Houston, Texas, United States

Acclara Solutions is a revenue cycle management firm that helps hospitals, health systems, and physician practices recover more revenue more quickly with services for patient financial responsibility, insurance reimbursement, and conversion assistance. Acclara Solutions is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Chemical Computing Group

Montreal, Quebec, Canada

Chemical Computing Group is a provider of molecular design software for the pharmaceutical, chemical and material industries. CCG’s software platform, the Molecular Operating Environment (“MOE”), streamlines drug discovery and chemical engineering processes by allowing researchers to visualize and predict molecular properties and interactions. Chemical Computing Group was founded in 1994 and is based in Montreal, Quebec.

Buy -