M&A Deal Summary

eSolutions Acquires Practice Insight

On June 20, 2019, eSolutions acquired internet software and services company Practice Insight from Yukon Partners

Acquisition Highlights
  • This is eSolutions’ 1st transaction in the Internet Software and Services sector.
  • This is eSolutions’ 3rd transaction in the United States.
  • This is eSolutions’ 1st transaction in Texas.

M&A Deal Summary

Date 2019-06-20
Target Practice Insight
Sector Internet Software and Services
Buyer(s) eSolutions
Sellers(s) Yukon Partners
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)

Target

Practice Insight

Houston, Texas, United States
Practice Insight LLC is a provider of SaaS-based revenue cycle management solutions to healthcare providers. PI's solutions automate a physician practice reimbursement workflow which assists them in reducing bad debt, shortens the collection cycle and streamlines the administrative staff needed to manage the RCM function.

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Buyer(S) 1

Buyer

eSolutions

Olathe, Kansas, United States

Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

eSolutions, Inc. is a provider of revenue cycle management software-as-a-service (“SaaS”). The Company’s products assist healthcare providers in automating and enhancing workflow with regard to claims review, editing, and denials/appeals management, as well as eligibility verification and payor connectivity. The Company’s client base is comprised of over 1,100 hospitals, home health and hospice providers, skilled nursing facilities, and durable medical equipment providers.


DEAL STATS #
Overall 3 of 4
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
State: Texas M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-11 RemitDATA

Memphis, Tennessee, United States

RemitDATA is a healthcare technology company that delivers a comprehensive comparative data and analytics platform. Founded in 2000, with offices in Memphis, TN, Plano, TX and Lexington, KY, RemitDATA strives to bring collaboration and 360-degree data transparency to all entities within the healthcare industry by delivering a range of system agnostic, comparative analytic solutions. Through the use of Application Programming Interfaces (API), benchmarking and peer comparison tools, payers, providers, billing companies and other healthcare companies will gain actionable insights to better understand their business and improve operations so they can focus on what really matters, to them.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-27 Medidal

Chicago, Illinois, United States

Medidal Corp. is a provider of Transfer DRG, Payer Search, and Pharmacy Reimbursement solutions. Medidal’s revenue integrity solutions are designed to identify and recover missed reimbursement opportunities on behalf of healthcare providers. Medidal Corp. was founded in 2003 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Yukon Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2008
PE ASSETS 640M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 15 of 29
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 8
State: Texas M&A 2 of 3
Country: United States M&A 15 of 28
Year: 2019 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-08 Sizzling Platter

Murray, Utah, United States

Sizzling Platter is a restaurant management company focused on adding and scaling segment-leading concepts in outstanding demographic areas across the US and select international markets. Sizzling Platter has become a preferred partner for high growth, high return on capital brands looking to scale within the Company’s footprint. Sizzling Platter strives to build lifetime guests across its concept portfolio utilizing lean enterprise techniques and technology to achieve operational excellence. The Company applies its systems, process, human capital, and passion for the restaurant business to quickly build scale within its target markets. Sizzling Platter was founded in 1963 and is based in Murray, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Stonewall Kitchen

York, Maine, United States

Stonewall Kitchen is a specialty food and home goods producer selling jams and jellies at local farmers' markets with a flavorful line of distinctive and high-quality products. Stonewall expanded the brand to include sauces, condiments, crackers, and baking mixes, always focusing on innovative product development, beautiful packaging, and exceptional guest service. Stonewall Kitchen was founded in 1991 and is based in York, Maine.

Buy -