M&A Deal Summary

Cedar Gate Acquires Citra Health Solutions

On June 25, 2020, Cedar Gate acquired software company Citra Health Solutions from Great Point Partners

Acquisition Highlights
  • This is Cedar Gate’s 1st transaction in the Software sector.
  • This is Cedar Gate’s 2nd transaction in the United States.
  • This is Cedar Gate’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-06-25
Target Citra Health Solutions
Sector Software
Buyer(s) Cedar Gate
Sellers(s) Great Point Partners
Deal Type Add-on Acquisition

Target

Citra Health Solutions

Jacksonville, Florida, United States
Citra Health Solutions, Inc. is a provider of capitation management software solutions. Citra Health Solutions is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Cedar Gate

Greenwich, Connecticut, United States
Category Company
Founded 2014
Sector Information Services
DESCRIPTION

Cedar Gate is a care performance management company that provides high-performance analytic, technological, administrative, and advisory services to providers, payers, and self-insured employers to exceed performance thresholds of value-based care contracts, networks, and programs. Cedar Gate was founded in 2014 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 2 of 4
Sector (Software) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Florida) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Global Healthcare Alliance Holdings

Houston, Texas, United States

Global Healthcare Alliance Holdings, Inc. is a provider of value based healthcare reimbursement programs, providing strategic and sustainable reimbursement programs for health systems, hospitals, providers, employers, and payers. The company was founded in 1997 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Deerwalk

Lexington, MA, United States

Deerwalk is a population health management, data management, and healthcare analytics software company, Deerwalk is privately held with over 300 employees worldwide, including a technology campus in Kathmandu, Nepal. Deerwalk partners with industry leaders responsible for making decisions for the health of a population to optimize costs and improve the quality of care. Deerwalk offers a complete population health management suite built on a foundation of data integrity that delivers reliable data insights and actionable intelligence. Deerwalk was founded in 2010 and is based in Lexington, Massachusetts.

Buy -

Seller(S) 1

SELLER

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Great Point Partners is a private investment firm focused on investing in private and public healthcare companies. Great Point's private equity practice invests $10 to $100 million of growth capital in private, growing companies. Specific areas of interest within the healthcare sector includes biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, medical devices, specialty pharmaceuticals, and worker compensation companies. Great Point Partners was formed in 2003 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 14 of 18
Sector (Software) 2 of 2
Type (Add-on Acquisition) 5 of 7
State (Florida) 1 of 1
Country (United States) 12 of 14
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 MaSTherCell SA

Gosselies, Belgium

MaSTherCell SA (Manufacturing Synergies for Therapeutic Cells) is a technology-driven, customer-oriented Contract Development and Manufacturing Organization (CDMO) specialized in cell therapy development for advanced medicinal products. MaSTherCell was established in 2011 and is based in Gosselies, Belgium.

Sell $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 Family Resource Home Care

Liberty Lake, Washington, United States

Family Resource Home Care is an independent provider of home care services based in the Pacific Northwest. The Company provides home care services that include but are not limited to personal care such as bathing, dressing, and help with medications, meal planning and preparation, light housekeeping, and companion care. The Company also provides care for clients facing dementia and Alzheimer’s Disease as well as end-of-life, transitional, and respite care. It is focused on empowering clients to continue living at home by providing them with home care services that address their unique challenges. Family Resource Home Care was founded in 1996 and is headquartered in Liberty Lake, Washington.

Buy -
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