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  6. ADP Acquires AdvancedMD

M&A Deal Summary

ADP Acquires AdvancedMD

On March 1, 2011, ADP acquired internet software and services company AdvancedMD

Acquisition Highlights
  • This is ADP’s 1st transaction in the Internet Software and Services sector.
  • This is ADP’s 8th transaction in the United States.
  • This is ADP’s 1st transaction in Utah.
Investment Fate
  • AdvancedMD was divested to a consortium of buyers in 2015.
  • AdvancedMD was sold to a publicly-traded strategic buyer in 2018 for 700M USD.
  • AdvancedMD was divested to a consortium of buyers in 2024.

M&A Deal Summary
Date 2011-03-01
Target AdvancedMD
Sector Internet Software and Services
Buyer(s) ADP
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)
Shearman & Sterling (Legal)

Target

AdvancedMD

South Jordan, Utah, United States
AdvancedMD is a provider of cloud-based practice management, electronic health records, and revenue cycle management software solutions to the independent physician practice market. AdvancedMD was founded in 1999 and is based in South Jordan, Utah.

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Buyer(S) 1

Buyer

ADP

Roseland, New Jersey, United States
Category Company
Founded 1949
Sector Business Services
Employees64,000
Revenue 18.2B USD (2024)
DESCRIPTION
ADP office in St. Louis, Missouri.
ADP office in St. Louis, Missouri.

ADP is a provider of business outsourcing solutions. ADP offers a wide range of human resource (HR), payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment retailers and manufacturers throughout the world. ADP was incorporated in 1949 and is based in Roseland, New Jersey.

DEAL STATS #
Overall 10 of 26
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 23
State: Utah M&A 1 of 1
Country: United States M&A 8 of 20
Year: 2011 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-10 Byte Software House

Turin, Italy

Byte is an Italian-leading player in the field of Human Resources management outsourcing services and software applications for Medium-Large sized Italian enterprises.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-14 Asparity Decision Solutions

Durham, North Carolina, United States

Asparity Decision Solutions, Inc., provides decision support and data solutions for the management of health care and employee benefits. The company owns patented technology in conjoint analysis and advanced software applications that it delivers directly to corporate clients, through strategic partners, and in a sponsorship‐based Web portal. The company is headquartered in Durham, North Carolina.

Buy -
Mergr

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Product

Company

Legal