M&A Deal Summary

Claritas Capital Acquires Virtue Technologies

On October 22, 2019, private equity firm Claritas Capital acquired information technology company Virtue Technologies from TwelveStone Health Partners and VirtueRN

Acquisition Highlights
  • This is Claritas Capital’s 3rd transaction in the Information Technology sector.
  • This is Claritas Capital’s 22nd transaction in the United States.
  • This is Claritas Capital’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2019-10-22
Target Virtue Technologies
Sector Information Technology
Buyer(s) Claritas Capital
Sellers(s) TwelveStone Health Partners
VirtueRN
Deal Type Divestiture

Target

Virtue Technologies

Chapin, South Carolina, United States
Virtue Technologies is a provider of cloud-based software committed to solving the challenges of the highly fragmented pharmacy market. The solutions strive to drive out costs and improve a pharmacy’s revenue cycle by improving staff efficiency, removing waste, increasing patient satisfaction, and providing unparalleled visibility to pharmacy operations. Virtue Technologies is based in Chapin, South Carolina.

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Buyer(S) 1

DESCRIPTION

Claritas Capital is a private investment group focused on direct company and real estate investing. The Firm's equity group looks to partner with management in pursuit of healthcare, business services, and technology platform investments. Claritas does not have any company stage preferences and generally seeks to invest $2 to $5 million per transaction. The Firm's real estate group seeks to provide mezzanine debt and equity to retail, commercial, and multi-family properties. Claritas Capital was formed in 2002 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 22 of 26
Sector (Information Technology) 3 of 3
Type (Divestiture) 2 of 2
State (South Carolina) 1 of 1
Country (United States) 22 of 26
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Intermountain Drilling Supply

Salt Lake City, Utah, United States

Intermountain Drilling Supply Corp. (IDS) is a distributor and manufacturer of consumable drilling supplies for customers serving the Mining, Construction, Environmental, Telecom, and Geothermal industries. Intermountain Drilling Supply is based in Salt Lake City, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 foh&boh

Nashville, Tennessee, United States

foh&boh is a fully integrated suite of hiring tools for independent restaurant franchises, hospitality groups, some of the world’s largest hotel chains, and every size business in between. foh&boh was launched in 2015 and is based in Nashville, Tennessee.

Buy -

Seller(S) 2

SELLER

TwelveStone Health Partners

Murfreesboro, Tennessee, United States

Category Company
Founded 2015
Sector Healthcare Services
DESCRIPTION

TwelveStone Health Partners is a provider of post-acute chronic care services. TwelveStone supports the transition from acute to post-acute care environments and the transition from sickness to health for patients with chronic conditions. TwelveStone Health Partners was founded in 2015 and is based in Murfreesboro, Tennessee.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Virtue Technologies

Chapin, South Carolina, United States

Virtue Technologies is a provider of cloud-based software committed to solving the challenges of the highly fragmented pharmacy market. The solutions strive to drive out costs and improve a pharmacy’s revenue cycle by improving staff efficiency, removing waste, increasing patient satisfaction, and providing unparalleled visibility to pharmacy operations. Virtue Technologies is based in Chapin, South Carolina.

Buy -
SELLER

VirtueRN

Chapin, South Carolina, United States

Category Company
Founded 2016
Sector Information Technology
DESCRIPTION

VirtueRN is a provider of Mobile and cloud-based Hospice/HME workflow solutions for all hospice and nursing facility contracts, featuring AutoSync Billing Technology.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Virtue Technologies

Chapin, South Carolina, United States

Virtue Technologies is a provider of cloud-based software committed to solving the challenges of the highly fragmented pharmacy market. The solutions strive to drive out costs and improve a pharmacy’s revenue cycle by improving staff efficiency, removing waste, increasing patient satisfaction, and providing unparalleled visibility to pharmacy operations. Virtue Technologies is based in Chapin, South Carolina.

Buy -