M&A Deal Summary

CareDx Acquires OTTR Chronic Care Solutions

On April 25, 2019, CareDx acquired software company OTTR Chronic Care Solutions from Argenta Partners for 16M USD

Acquisition Highlights
  • This is CareDx’s 2nd transaction in the Software sector.
  • This is CareDx’s largest (disclosed) transaction.
  • This is CareDx’s 3rd transaction in the United States.
  • This is CareDx’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2019-04-25
Target OTTR Chronic Care Solutions
Sector Software
Buyer(s) CareDx
Sellers(s) Argenta Partners
Deal Type Add-on Acquisition
Deal Value 16M USD

Target

OTTR Chronic Care Solutions

Omaha, Nebraska, United States
OTTR Chronic Care Solutions is a provider of organ transplant software in U.S. The Company develops software products which increase the quality of patient care, improve workflow management and provide operational efficiencies for the healthcare industry. OTTR Chronic Care Solutions is based in Omaha, Nebraska.

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Buyer(S) 1

Buyer

CareDx

South San Francisco, California, United States

Category Company
Founded 1998
Sector Life Science
Employees644
Revenue 334M USD (2024)
DESCRIPTION

CareDx is a molecular diagnostics company that applies modern genomics technologies to the development of molecular diagnostic assays that translate a patient's immune status into clinically actionable information. CareDx was founded in 1998 and is based in South San Francisco, California.


DEAL STATS #
Overall 4 of 8
Sector: Software M&A 2 of 5
Type: Add-on Acquisition M&A Deals 3 of 7
State: Nebraska M&A 1 of 1
Country: United States M&A 3 of 6
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Illumina - SBT Resolver

San Diego, California, United States

Illumina, Inc. - SBT Resolver is a software for high resolution HLA typing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-08 TransChart

Columbus, Ohio, United States

TransChart LLC is a provider of electronic health record software supporting the needs of US transplant centers. TransChart is based in Columbus, Ohio.

Buy -

Seller(S) 1

SELLER

Argenta Partners

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Argenta Partners is a private equity group that acquires controlling equity stakes in growth-oriented, mid-sized companies. Argenta will consider a variety of transaction situations; including, recapitalizations, buyouts, divestitures, and consolidations. Broad sectors of interest include manufacturing, service, transportation, and value-added distribution. Prospective companies generally have revenues of $10 to $125 million and EBITDA of at least $2 million. The Firm avoids investing in businesses with rapidly changing technology; or in retail, banking, real estate or commodity businesses. Argenta Partners was formerly known as Lynch Investment Company. Argenta Partners was established in 1989 and is based in Dallas, Texas.


DEAL STATS #
Overall 6 of 8
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: Nebraska M&A 1 of 1
Country: United States M&A 6 of 8
Year: 2019 M&A 1 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 GAHH

North Hollywood, California, United States

GAHH is a designer, manufacturer, and marketer of aftermarket convertible tops, Jeep tops, seat covers and vehicle interiors. GAHH was founded in 1979 and is based in North Hollywood, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 Avita

Baton Rouge, Louisiana, United States

Avita is a specialized pharmacy which dispenses and delivers prescription medications for patients with certain chronic diseases. Avita also provides extensive patient data to the caregivers, prescribing physicians and community based organizations to assist with monitoring patient adherence. Avita was founded in 2003 and is based in Baton Rouge, Louisiana.

Sell -