M&A Deal Summary

FinThrive Acquires Adreima

On November 17, 2016, FinThrive acquired information technology company Adreima from Waud Capital Partners and Bregal Sagemount

Acquisition Highlights
  • This is FinThrive’s 1st transaction in the Information Technology sector.
  • This is FinThrive’s 1st transaction in the United States.
  • This is FinThrive’s 1st transaction in Illinois.

M&A Deal Summary
Date 2016-11-17
Target Adreima
Sector Information Technology
Buyer(s) FinThrive
Sellers(s) Waud Capital Partners
Bregal Sagemount
Deal Type Add-on Acquisition

Target

Adreima

Downers Grove, Illinois, United States
Adreima, Inc. is a provider of patient-centered, clinically-integrated revenue cycle services that help patients find coverage and meet their financial obligations, while partnering with health care providers to optimize revenue cycle functions.

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Buyer(S) 1

Buyer

FinThrive

Plano, Texas, United States
Category Company
Founded 1998
Sector Internet Software and Services
DESCRIPTION

Finthrive is a healthcare revenue management software-as-a-service (SaaS) provider. ???????FinThrive creates integrated technology that adapts with healthcare professionals – freeing them from complexity and inefficiency so they can focus on doing their best work. FinThrive was founded in 1998 and is based in Plano, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Illinois) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-29 e4e

Towson, Maryland, United States

e4e, Inc. (e4e Healthcare Services) is an IT enabled Services and Business Process Management (Business Process Outsourcing) company that has deep domain and contextual expertise in the US Healthcare Business Services ecosystem, with an enviable client list of reputed companies.

Buy -

Seller(S) 2

SELLER

Waud Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 3.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Waud Capital Partners is a private equity firm that pursues investments in mid-sized manufacturing, distribution and service companies. Waud looks for businesses with proven management, operating in well defined markets, and that demonstrate strong growth potential. The Firm typically invests $75 to $200 million. Specific areas of interest include adhesives, air/water treatment, alarm monitoring, auto components, coatings, consumer products, home healthcare services, hospitals, lighting, litigation support, medical distribution, petroleum distribution, pharmaceuticals, publishing, sealants, specialty hospitals, and tax consultants. Prospective transaction situations include buyouts, recapitalizations and industry consolidations. Waud Capital Partners was established in 1993 and is based in Chicago, Illinois.

DEAL STATS #
Overall 19 of 27
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 9 of 10
State (Illinois) 6 of 6
Country (United States) 18 of 26
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-05 Ivy Rehab

White Plains, New York, United States

Ivy Rehab is a provider of management support services to a network of 45 outpatient physical therapy centers, consisting of 43 owned and two managed centers. The Company provides a comprehensive offering of physical therapy services through its clinics in the Northeast and Midwest regions of the United States. Ivy Rehab was founded in 2003 and is based in White Plains, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 UVP

Dallas, Texas, United States

UVP provides management and support services to ophthalmology and optometry practices, as well as single-specialty eye surgery centers. UVP operates through a network of 51 providers, 11 clinical locations, and five ambulatory surgery centers. UVP is based in Dallas, Texas.

Buy -
SELLER

Bregal Sagemount

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 14 of 37
Sector (Information Technology) 7 of 13
Type (Add-on Acquisition) 7 of 16
State (Illinois) 1 of 2
Country (United States) 13 of 34
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 Advanced Solutions International

Alexandria, Virginia, United States

Advanced Solutions International is a provider of web-based software for member and donor-based not-for-profits and have served nearly 4000 clients and millions of users worldwide. Advanced Solutions International was founded in 1991 and is based in Alexandria, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-14 Single Digits

Bedford, New Hampshire, United States

Single Digits is a provider of high-speed internet access (HSIA) management and support solutions, guest management software and technical support services. Single Digits was founded in 2003 and is based in Bedford, New Hampshire.

Buy -
Mergr

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