M&A Deal Summary

Datavant Group Acquires IOD

On July 1, 2015, Datavant Group acquired information technology company IOD from LLR Partners

Acquisition Highlights
  • This is Datavant Group’s 1st transaction in the Information Technology sector.
  • This is Datavant Group’s 3rd transaction in the United States.
  • This is Datavant Group’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2015-07-01
Target IOD
Sector Information Technology
Buyer(s) Datavant Group
Sellers(s) LLR Partners
Deal Type Merger

Target

IOD

Green Bay, Wisconsin, United States
IOD, Inc. is a full suite healthcare information management solutions, including Release of Information, scanning and imaging, EMR conversion and other critical information services, to hospitals and medical clinics across the country.

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Buyer(S) 1

Buyer

Datavant Group

Alpharetta, Georgia, United States

Category Company
Founded 1976
Sector Information Technology
DESCRIPTION

Datavant Group is a large health data ecosystem, enabling patients, providers, payers, health data analytics companies, patient-facing applications, government agencies, and life science companies to securely exchange and organize their patient-level data. The company is focused on improving patient outcomes and reducing costs by removing impediments to the secure exchange of health data. Datavant Group offers the ability to access, exchange, and connect data among the thousands of organizations in its ecosystem for use cases ranging from better clinical care and value-based payments, to health analytics and medical research.


DEAL STATS #
Overall 3 of 8
Sector (Information Technology) 1 of 4
Type (Merger) 1 of 2
State (Wisconsin) 1 of 1
Country (United States) 3 of 7
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-25 HealthTech Services and Consulting

Scottsdale, Arizona, United States

HealthTech Services and Consulting, Inc. (dba ProTec Solutions) is a provider of health information processing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Enterprise Consulting Solutions

Phoenix, Arizona, United States

Enterprise Consulting Solutions, Inc. (dba Chartfinder) is a provider of on-demand access to medical records and related services.

Buy -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 30 of 76
Sector (Information Technology) 4 of 16
Type (Merger) 2 of 7
State (Wisconsin) 1 of 3
Country (United States) 29 of 75
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 CoreDial

Blue Bell, Pennsylvania, United States

CoreDial is a provider of cloud software and services enable companies to quickly and cost effectively sell, deliver, manage, and invoice for high quality, private labeled cloud communication services including hosted PBX solutions, VoIP, SIP Trunking, and Unified Communications. CoreDial was founded in 2005 and is based in Blue Bell, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 IO Education

Atlanta, Georgia, United States

IO Education LLC engages in the education technology industry for over 18 years, IO Education is on a mission to empower educators through data to improve educational outcomes. IO Education’s award-winning solutions are used in all 50 states by over 7,500 schools and 120,000 educators, supporting instruction for over 6,000,000 students. IO Education LLC was founded in 1997 and is headquartered in Atlanta, Georgia.

Buy -