M&A Deal Summary

Conifer Health Solutions Acquires SPi Healthcare

On September 23, 2014, Conifer Health Solutions acquired information technology company SPi Healthcare from Straive for 235M USD

Acquisition Highlights
  • This is Conifer Health Solutions’ 1st transaction in the Information Technology sector.
  • This is Conifer Health Solutions’ largest (disclosed) transaction.
  • This is Conifer Health Solutions’ 2nd transaction in the United States.

M&A Deal Summary

Date 2014-09-23
Target SPi Healthcare
Sector Information Technology
Buyer(s) Conifer Health Solutions
Sellers(s) Straive
Deal Type Divestiture
Deal Value 235M USD

Target

SPi Healthcare

United States
SPi Healthcare is a provider of innovative revenue cycle management (RCM), health information management (HIM) and software solutions for independent and provider-owned physician practices.

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Buyer(S) 1

Buyer

Conifer Health Solutions

Dallas, Texas, United States

Category Company
Founded 2008
Sector Healthcare Services
DESCRIPTION

Conifer Health Solutions is a healthcare business process management services provider working to improve operational performance for more than 390 hospitals and healthcare entities so they can better serve their communities, communicate effectively with patients, and support patient financial administration. We have a passion for maximizing financial performance, while at the same time improving the patient experience.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 InforMed

Annapolis, Maryland, United States

InforMed is a URAC-accredited organization, dedicated to the proposition that lowering healthcare costs and improving care are not mutually exclusive objectives. The key is enlightened use of information. By collecting a vast amount of data from a multitude of healthcare sources, creating InforMed’s secure Global Healthcare Datacenter, and developing an Information Management System that makes the data both accessible and useful, we have built a foundation for a variety of services.

Buy -

Seller(S) 1

SELLER

Straive

Parañaque City, Philippines

Category Company
Founded 1980
Sector Information Technology
DESCRIPTION

Straive provides a comprehensive set of specialized services and technology solutions related to the creation, enrichment, and transformation of the published content. These services span a publisher's entire value chain, from author support and content development, through copy editing and typesetting, to digitalization, database management, and data analytics. The company serves its clients in 14 languages through 12 delivery operations globally and employs more than 12,500 people. Straive was formed in 1980 and is based in Parañaque City, Philippines.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Divestiture) 2 of 2
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 Bachieve International

China

Bachieve International Inc. offers BPO, IT outsourcing, management consulting services and call center solutions in western China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 Scope e-Knowledge Center

Chennai, India

Scope e-Knowledge Center is a knowledge services company providing content and data enrichment solutions to publishers, information providers, and professional societies across the world, catering to the requirements of more than 100 clients. The company provides cutting-edge technology for data discovery, it has built a strong brand name in the areas of taxonomy and ontology, abstracting, indexing, health science solutions and database services. These services are delivered by a talented pool of 1,100 plus specialists located out of its delivery centers in Chennai and Salem, India.

Buy -