M&A Deal Summary

CareCloud Acquires medSR

On June 1, 2021, CareCloud acquired information technology company medSR from Camden Partners and Century Equity Partners

Acquisition Highlights
  • This is CareCloud’s 12th transaction in the Information Technology sector.
  • This is CareCloud’s 15th transaction in the United States.
  • This is CareCloud’s 2nd transaction in Tennessee.

M&A Deal Summary

Date 2021-06-01
Target medSR
Sector Information Technology
Buyer(s) CareCloud
Sellers(s) Camden Partners
Century Equity Partners
Deal Type Add-on Acquisition

Target

medSR

Brentwood, Tennessee, United States
medSR is a Healthcare Strategy and IT Consulting company that brings integrity, quality, and dependability when delivering outstanding services and value to Academic Institutions, Community Hospitals, Medical Practices, and Health Systems. Its services and solutions are evolving and adapting to fit the ever-changing landscape of the healthcare industry. medSR is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

CareCloud

Somerset, New Jersey, United States

Category Company
Founded 1999
Sector Software
Employees3,650
Revenue 111M USD (2024)
DESCRIPTION

CareCloud is a provider of practice and revenue cycle management services and proprietary software solutions to private physician offices and hospital-employed provider groups. CareCloud was incorporated in 1999 and is based in Somerset, New Jersey.


DEAL STATS #
Overall 15 of 15
Sector: Information Technology M&A 12 of 12
Type: Add-on Acquisition M&A Deals 14 of 14
State: Tennessee M&A 2 of 2
Country: United States M&A 15 of 15
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-17 Meridian Medical Management

Windsor, Connecticut, United States

Meridian Medical Management is a provider of healthcare analytics services, outsourced revenue cycle management, electronic medical records, and IT programming to multi-specialty physician groups using the GE Centricity platform. Meridian Medical Management was formed in 2002 and is based in Windsor, Connecticut.

Buy -

Seller(S) 2

SELLER

Camden Partners

Owings Mill, Maryland, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1995
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Camden Partners is a growth-oriented private investment firm focused on direct investments as well as structured capital solutions. Camden's direct private equity practice targets equity investments up to $15 million in businesses operating in the technology, software, business services, and education sectors. Prospective companies generally have proven management, proprietary products or high barriers to entry, recurring revenue, and proven business models. Camden Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 25 of 27
Sector: Information Technology M&A 5 of 5
Type: Add-on Acquisition M&A Deals 13 of 15
State: Tennessee M&A 2 of 2
Country: United States M&A 24 of 26
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Integrated Surgical Solutions

Alpharetta, Georgia, United States

Integrated Surgical Solutions is a provider of surgical cost management solutions, working with health plans, providers, surgical facilities, device manufacturers, and patients across the country to improve quality and reduce costs for surgical procedures through optimization of the most effective site of care and device selection, resulting in more affordable high-quality care to consumers. Integrated Surgical Solutions was formed in 2004 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Stova

Frederick, Maryland, United States

Stova is a technology company focused on creating innovative solutions for in-person, virtual, and hybrid events. With every meeting and event, Stova creates transformative experiences that enable their customers, attendees and sponsors to make valuable, face-to-face connections. Stova was founded in 2012 and is based in Frederick, Maryland.

Buy -
SELLER

Century Equity Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 885M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Century Equity Partners is an asset management firm invests in lower middle-market companies located in the US. Century Equity Partners focuses on companies with rapidly growing, profitable businesses led by strong management teams with an enterprise value between $15 and $300 million and equity capital ranging from $5 to $30 million and in conjunction with its limited partners and select co-investors can commit up to $100 million to a single transaction. The Firm targets companies operating in the fields of financial services, insurance, and healthcare services. Types of transactions include buyouts and growth capital. It seeks minority interest and also considers co-invests. Century Equity Partners was formed in 1987 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 23 of 24
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 13 of 13
State: Tennessee M&A 1 of 1
Country: United States M&A 17 of 18
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Hancock Claims Consultants

Alpharetta, Georgia, United States

Hancock Claims Consultants is the pioneer in professional property inspection claims services. Hancock gained the trust of carriers nationwide by providing a full range of professional services at a level of quality, consistency, and responsiveness unmatched in the industry. Hancock Claims Consultants is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-18 Lumenci

Austin, Texas, United States

Lumenci is a full-service IP consulting firm dedicated to extracting maximum value from IP assets and providing technical, valuation, and strategic advice to patent owners and law firms to drive successful results. Lumenci was founded in 2018 and is based in Austin, Texas.

Buy -