M&A Deal Summary

DrFirst Acquires Myndshft

On April 18, 2024, DrFirst acquired information technology company Myndshft from HCAP Partners

Acquisition Highlights
  • This is DrFirst’s 3rd transaction in the Information Technology sector.
  • This is DrFirst’s 5th transaction in the United States.
  • This is DrFirst’s 1st transaction in Arizona.

M&A Deal Summary
Date 2024-04-18
Target Myndshft
Sector Information Technology
Buyer(s) DrFirst
Sellers(s) HCAP Partners
Deal Type Add-on Acquisition

Target

Myndshft

Mesa, Arizona, United States
Myndshft is a provider of real-time medical benefits checks and electronic prior authorization technology. Myndshft develops real-time medical benefit check (RTMBC) and electronic prior authorization (EPA) software solutions for payers and providers. Myndshft was founded in 2018 and is based in Mesa, Arizona.

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Buyer(S) 1

Buyer

DrFirst

Rockville, Maryland, United States
Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

DrFirst pioneers software solutions and services that provide real-time access to patient data, improve communication and collaboration at the point of care and across the patient’s circle of caregivers, and enhance the doctor’s clinical view of the patient to help drive better health outcomes.

DEAL STATS #
Overall 5 of 5
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 5 of 5
State (Arizona) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Diagnotes

Rockville, Maryland, United States

Diagnotes provides a suite of team-based, patient-centered collaboration tools built specifically for the healthcare sector. The app increases clinicians' productivity and the quality of patient care by allowing healthcare providers to communicate with colleagues in their system and affiliates in other systems. Diagnotes was formed in 2011 and is based in Rockville, Maryland.

Buy -

Seller(S) 1

SELLER

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2000
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $2 to $15 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.

DEAL STATS #
Overall 31 of 31
Sector (Information Technology) 4 of 4
Type (Add-on Acquisition) 16 of 16
State (Arizona) 4 of 4
Country (United States) 31 of 31
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 Gondola Skate Moving Systems

San Diego, California, United States

Gondola Skate Moving Systems is a premier fixture mobilization equipment supplier. The Company provides innovative products that allow retailers and warehouse operators to mobilize their shelving platforms, generally referred to as gondola fixtures. Gondola Skate Moving Systems was founded in 1997 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 Aarista

United States

Aarista is a multidisciplinary healthcare technology company in post-acute care sector, serving a national network that spans across 14 states, impacting over 70,000 patients.

Buy -
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