M&A Deal Summary

Asia TV USA Acquires LifeMed Media

On January 21, 2014, Asia TV USA acquired healthcare services company LifeMed Media from Battery Ventures

Acquisition Highlights
  • This is Asia TV USA’s 1st transaction in the Healthcare Services sector.
  • This is Asia TV USA’s 1st transaction in the United States.
  • This is Asia TV USA’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2014-01-21
Target LifeMed Media
Sector Healthcare Services
Buyer(s) Asia TV USA
Sellers(s) Battery Ventures
Deal Type Add-on Acquisition
Advisor(s) Covington Associates (Financial)

Target

LifeMed Media

Westport, Connecticut, United States
dLife is a division of LifeMed Media, the first multimedia healthcare marketing company focused on aggregating and organizing chronic disease populations as lifestyle or affinity marketing groups — a breakthrough approach. dLife represents the first integrated media network for the 18.2 million people living with diabetes, plus their families and those at risk of developing diabetes — some 70 million in all.

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Buyer(S) 1

Buyer

Asia TV USA

New York, New York, United States

Category Company
Sector Healthcare Services
DESCRIPTION

Veria Living is a leading media brand devoted to showcasing healthy lifestyle and wellness programming and related content across multiple media platforms in the United States and beyond.


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: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 22 of 67
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 35
State: Connecticut M&A 1 of 2
Country: United States M&A 21 of 52
Year: 2014 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 WebPT

Phoenix, Arizona, United States

WebPT is an EMR for physical therapists (PTs), occupational therapists (OTs) and speech-language pathologists (SLPs). Offering a simple, affordable solution, WebPT makes it easy for therapists to transition from paper and outdated software to a user-friendly, cloud-based system. With WebPT, therapists, directors and front office staff all have access to their patients’ medical records anywhere, anytime. WebPT was founded in 2006 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-10 Data Physics

San Jose, California, United States

Data Physics Corporation designs and manufactures test and measurement equipment and software for acoustic testing, machinery diagnostics, shock and drop testing, structural vibration testing, and shaker testing applications.

Buy -