M&A Deal Summary

Alteon Health Acquires Inpatient Medical Services

On October 25, 2016, Alteon Health acquired healthcare services company Inpatient Medical Services from Sverica

Acquisition Highlights
  • This is Alteon Health’s 1st transaction in the Healthcare Services sector.
  • This is Alteon Health’s 1st transaction in the United States.
  • This is Alteon Health’s 1st transaction in Ohio.

M&A Deal Summary

Date 2016-10-25
Target Inpatient Medical Services
Sector Healthcare Services
Buyer(s) Alteon Health
Sellers(s) Sverica
Deal Type Add-on Acquisition

Target

Inpatient Medical Services

Fairlawn, Ohio, United States
Inpatient Medical Services, Inc. is a provider of outsourced hospitalist and post-acute care physician programs to acute care facilities and skilled nursing facilities in Ohio, Indiana and Kentucky. IMS serves over 150,000 patients annually and has built a premier reputation with community physicians who rely on IMS as its inpatient service partner. The Company’s quality and value proposition is validated by its long-term relationship with some of the top healthcare systems in the region and nationally.

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Buyer(S) 1

Buyer

Alteon Health

Germantown, Maryland, United States

Category Company
Founded 1971
Sector Healthcare Services
DESCRIPTION

Alteon Health is a provider of outsourced healthcare practice management services to emergency departments, hospitalist programs, and hospital-based urgent care centers. The company supports the highest quality healthcare delivery through patient-focused care, physician-led innovation, data-driven practices, and best-in-class healthcare partnerships. Alteon Health was founded in 1971 and is based in Germantown, Maryland.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Sverica

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $250 million. Sverica looks to commit $25 to $75 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.


DEAL STATS #
Overall 13 of 27
Sector: Healthcare Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 6 of 14
State: Ohio M&A 2 of 2
Country: United States M&A 12 of 23
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-09 Med First Primary & Urgent Care

Jacksonville, North Carolina, United States

Med First Primary & Urgent Care operates healthcare clinics across North Carolina and South Carolina. The company focuses on rural communities with a hybrid model that provides both primary and urgent care. Med First Primary & Urgent Care is based in Jacksonville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 Optiv

Denver, Colorado, United States

Optiv is a provider of end-to-end cybersecurity solutions. The company help clients plan, build and run successful cybersecurity programs that achieve business objectives through depth and breadth of cybersecurity offerings, extensive capabilities and proven expertise in cybersecurity strategy, managed security services, incident response, risk and compliance, security consulting, training, and support, integration, and architecture services, and security technology. Optiv was founded in 2002 and is based in Denver, Colorado.

Sell -