M&A Deal Summary

Bon Secours Mercy Health Acquires Nordic Consulting

On June 11, 2022, Bon Secours Mercy Health acquired business services company Nordic Consulting from Health Enterprise Partners and Silversmith Capital Partners

Acquisition Highlights
  • This is Bon Secours Mercy Health’s 1st transaction in the Business Services sector.
  • This is Bon Secours Mercy Health’s 2nd transaction in the United States.
  • This is Bon Secours Mercy Health’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2022-06-11
Target Nordic Consulting
Sector Business Services
Buyer(s) Bon Secours Mercy Health
Sellers(s) Health Enterprise Partners
Silversmith Capital Partners
Deal Type Add-on Acquisition

Target

Nordic Consulting

Madison, Wisconsin, United States
Nordic Consulting provides Epic EHR consulting services to healthcare organizations. Nordic Consulting was founded in 2012 and is based in Madison, Wisconsin.

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Buyer(S) 1

Buyer

Bon Secours Mercy Health

Marriottsville, Maryland, United States

Category Company
Sector Healthcare Services
DESCRIPTION

Bon Secours Mercy Health provides care for patients more than 11 million times annually through its network of more than 1,200 care sites, which includes 50 hospitals, as well as home health agencies, hospice, skilled nursing, and assisted living facilities. Bon Secours Mercy Health is based in Marriottsville, Maryland.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Trilliant Health

Brentwood, Tennessee, United States

Trilliant Health is an operator of an analytics company that empowers healthcare providers to create and execute data-driven strategies to maximize revenue and market share growth. Trilliant Health was founded in 2017 and is based in Brentwood, Tennessee.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 21 of 23
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 17 of 19
State (Wisconsin) 1 of 1
Country (United States) 21 of 23
Year (2022) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Jvion

Johns Creek, Georgia, United States

Jvion is a developer of Cognitive Clinical Success Machine — a unique approach to improving patient care that uses artificial intelligence to turn healthcare data into prescriptive clinical intelligence, reducing patient-level clinical variation, and improving intervention effectiveness. Jvion was founded in 2011 and is based in Johns Creek, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Payer Compass

Plano, Texas, United States

Payer Compass is a developer of software platform VISIUM a purpose-built healthcare pricing engine and contract management system focused on addressing the complexities of Medicare, Medicaid, and Commercial claims pricing. Payer Compass was founded in 2013 and is based in Plano, Texas.

Sell -
SELLER

Silversmith Capital Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2015
PE ASSETS 3.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $125 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 5 of 6
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Wisconsin) 1 of 1
Country (United States) 4 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Higg

Kensington, California, United States

Higg is a technology platform that provides environmental and social labor data to the consumer goods industry. Higg was founded in 2019 and is based in Kensington, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Gearset

Cambridge, United Kingdom

Gearset is a Low-code DevOps platform that enables developers and non-technical admins to build on Salesforce. Gearset was founded in 2015 and is based in Cambridge, England.

Buy -