Investment Summary

DCA Partners Exits Bonafide

On October 25, 2024, WellSky invested in internet software and services company Bonafide from DCA Partners

Investment Highlights
  • This is WellSky’s 5th transaction in the Internet Software and Services sector.
  • This is WellSky’s 27th transaction in the United States.
  • This is WellSky’s 3rd transaction in California.

Investment Summary

Date 2024-10-25
Target Bonafide
Sector Internet Software and Services
Investor(s) WellSky
Sellers(s) DCA Partners
Deal Type Add-on Acquisition
Advisor(s) IKONA Partners (Financial)

Target

Bonafide

Thousand Oaks, California, United States
Bonafide is a cloud-based healthcare information technology company. Bonafide provides enterprise resource planning platforms that provide comprehensive management solutions in acute and post-acute care settings. Bonafide was founded in 1981 and is based in Thousand Oaks, California.

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Investor(S) 1

Investor

WellSky

Overland Park, Kansas, United States

Category Company
Founded 1980
Sector Internet Software and Services
DESCRIPTION

WellSky is a supplier of software as a service (SaaS) and other software platforms for healthcare and human services providers and payers across acute, non-acute, and community-based sites of care. WellSky was founded in 1980 and is based in Overland Park, Kansas.


DEAL STATS #
Overall 28 of 28
Sector: Internet Software and Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 26 of 26
State: California M&A 3 of 3
Country: United States M&A 27 of 27
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Corridor

Overland Park, Kansas, United States

Corridor provides consulting, compliance services, executive search, and education tools to the home care and hospice industries. Corridor was founded in 1989 and is based in Overland Park, Kansas.

Buy -

Seller(S) 1

SELLER

DCA Partners

Roseville, California, United States

Investor Investor Investor Investor Investor


Category Merchant Bank
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

DCA Partners is private investment and advisory firm focused on growth-oriented businesses. DCA Capital looks to provide expansion capital to mid-sized businesses in underserved markets across California and the Southwest US. DCA typically targets businesses generating sales of $10 to $100 million and can commit up to $10 million per transaction. Sectors of interest include business and financial services, healthcare (services/IT), manufacturing and distribution, technology, media and publishing, and retail. DCA Partners was formed in 2001 and is headquartered in Roseville, California.


DEAL STATS #
Overall 9 of 9
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 7 of 7
State: California M&A 5 of 5
Country: United States M&A 9 of 9
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-05 Automation Group

Modesto, California, United States

Automation Group is a provider of automation services to a wide range of industries, including life sciences, food & beverage, data centers, electric vehicles and distribution & logistics. Automation Group is based in Modesto, California.

Sell -