M&A Deal Summary

Affinity Equity Partners Acquires Medical Director

On March 29, 2016, private equity firm Affinity Equity Partners acquired information technology company Medical Director from Healius for 155M AUD

Acquisition Highlights
  • This is Affinity Equity Partners’ 1st transaction in the Information Technology sector.
  • This is Affinity Equity Partners’ 6th largest (disclosed) transaction.
  • This is Affinity Equity Partners’ 4th transaction in Australia.

M&A Deal Summary

Date 2016-03-29
Target Medical Director
Sector Information Technology
Buyer(s) Affinity Equity Partners
Sellers(s) Healius
Deal Type Divestiture
Deal Value 155M AUD

Target

Medical Director

Sydney, Australia
Medical Director is a provider of clinical and enterprise software solutions to general practitioners, medical specialists and allied health professionals, Medical Director captures over 60 million patient consultations per annum. The company is focused on developing state‐of‐the‐art technology and cutting edge tools tailored specifically for the healthcare sector. It is supported by dedicated software development and customer service teams who are committed to delivering outstanding service and products.  Medical Director also provides clinical knowledge solutions to governments, hospital and community pharmacies and other healthcare providers. MedicalDirector is based in Sydney, Australia.

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Buyer(S) 1

Buyer

Affinity Equity Partners

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Affinity Equity Partners is an independent private equity firm focused on traditional buyout and control oriented investments across Asia-Pacific valued up to US$1 billion. Sectors of interest include businesses in consumer-related goods and services, value-added manufacturing, healthcare, financial services and business services. Affinity prefers companies with an established track record as well as proven, consistent earning power and cash flow generating ability. Affinity will not consider investments in real estate, biotechnology, tobacco, oil and gas exploration, and weaponry development and sales. Affinity Equity Partners was spun out of UBS Capital Asia Pacific in 2004 and is headquartered in Hong Kong.


DEAL STATS #
Overall 26 of 46
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 4 of 6
Country: Australia M&A 4 of 5
Year: 2016 M&A 1 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-15 LOEN Entertainment

Seoul, South Korea

LOEN Entertainment is a music Company in Korea, providing services in all frontiers of the music industry. LOEN Entertainment was founded in 1978 and is based in Seoul, South Korea.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Burger King Korea

Seoul, South Korea

Burger King Korea operates Burger King franchisee in South Korea. Burger King Korea was founded in 1984 and is based in Seoul, South Korea.

Buy -

Seller(S) 1

SELLER

Healius

Sydney, Australia

Category Company
Founded 1994
Sector Healthcare Services
Employees10,500
Revenue 1.7B AUD (2024)
DESCRIPTION

Healius offers a comprehensive range of services and facilities to general practitioners, specialists, and other healthcare providers who conduct their own practices and businesses at its medical centres, licensed day surgeries, specialist clinics, and dental clinics. Healius was founded in 1994 and is based in Sydney, Australia.


DEAL STATS #
Overall 2 of 4
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 2 of 4
Country: Australia M&A 2 of 4
Year: 2016 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-13 Healthscope - Queensland Pathology Assets

Melbourne, Australia

Healthscope's Queensland Pathology Assets is a provider of pathology services to public hospitals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-15 ForHealth

Leichhardt, Australia

ForHealth is a provider of health care services with 69 medical centers, 13 medical practices, and 62 dental clinics. ForHealth is based in Leichhardt, Australia.

Sell AU$500M