M&A Deal Summary

East West Bank Acquires Medsphere Systems

On December 13, 2018, East West Bank acquired information technology company Medsphere Systems

Acquisition Highlights
  • This is East West Bank’s 1st transaction in the Information Technology sector.
  • This is East West Bank’s 4th transaction in the United States.
  • This is East West Bank’s 1st transaction in Utah.

M&A Deal Summary
Date 2018-12-13
Target Medsphere Systems
Sector Information Technology
Buyer(s) East West Bank
Deal Type Add-on Acquisition

Target

Medsphere Systems

Sandy, Utah, United States
Medsphere Systems is a healthcare IT solutions accessible to organizations of virtually any size, shape or budget. Medsphere’s OpenVista is an acute and inpatient behavioral health-oriented portfolio of clinical products and services that leverages the VistA EHR system developed by the Department of Veterans Affairs (VA) and the Indian Health Service (IHS). Medsphere Systems was founded in 2002 and is based in Sandy, Utah.

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Buyer(S) 1

Buyer

East West Bank

Pasadena, California, United States
Category Company
Founded 1998
Sector Financial Services
Employees3,200
Revenue 2.6B USD (2023)
DESCRIPTION
East West's corporate headquarters in Pasadena, California.
East West's corporate headquarters in Pasadena, California.

East West Bank is a full-service commercial bank serving consumers and businesses throughout the US and in Greater China. East West Bank was founded in 1998 and is based in Pasadena, California.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Utah) 1 of 1
Country (United States) 4 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 East West Insurance Services

San Marino, California, United States

East West Insurance Services, Inc. is specializes in personal lines and commercial lines insurance solutions. East West Insurance Services was founded in 1982 and is based San Marino, California.

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