M&A Deal Summary

First Trust Capital Partners and UPMC Acquire RxAnte

On October 5, 2016, growth capital firm First Trust Capital Partners and UPMC acquired healthcare services company RxAnte from Millennium Health

Acquisition Highlights
  • This is First Trust Capital Partners’ 1st and UPMC’s 1st transaction in the Healthcare Services sector.
  • This is First Trust Capital Partners’ 2nd and UPMC’s 1st transaction in the United States.
  • This is First Trust Capital Partners’ 1st and UPMC’s 1st transaction in Maine.

M&A Deal Summary
Date 2016-10-05
Target RxAnte
Sector Healthcare Services
Buyer(s) First Trust Capital Partners
UPMC
Sellers(s) Millennium Health
Deal Type Divestiture

Target

RxAnte

Portland, Maine, United States
RxAnte is a provider of analytics platform to predict medication adherence for individual patients, target interventions to those most likely to benefit, and monitor and manage programs over time. RxAnte was founded in 2008 and is based in Portland, Maine.

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Buyer(S) 2

Buyer

First Trust Capital Partners

Investor Investor Investor

Category Growth Capital Firm
Size Small
Type Sector Agnostic
DESCRIPTION

First Trust Capital Partners is a private investment firm that looks to invest in early and growth stage companies principally in the financial services and healthcare technology sectors. First Trust Capital Partners is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 24
Sector (Healthcare Services) 1 of 4
Type (Divestiture) 1 of 1
State (Maine) 1 of 1
Country (United States) 2 of 24
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-11 Lincor Solutions

Brentwood, Tennessee, United States

Lincor’s MyCareboard is an integrated and responsive software system designed to improve workflow for clinicians, hospital staff, and their patients. With fully customizable CareQs, hospitals can deliver unparalleled service to their patients and improve satisfaction. Lincor Solutions was founded in 2003 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 symplr

Houston, Texas, United States

symplr is a healthcare governance, risk, and compliance SaaS platform, offering provider management, credential management, and payer enrollment services to over 1,500 customers representing more than 4,000 healthcare facilities in North America. symplr was founded in 2006 and is based in Houston, Texas.

Buy -
Buyer

UPMC

Pittsburgh, Pennsylvania, United States
Category Company
Sector Healthcare Services
DESCRIPTION

UPMC is a health care provider and insurer, pioneering groundbreaking research, treatments, and clinical care. UPMC operates 40 hospitals and more than 700 doctors’ offices and outpatient centers. UPMC is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Millennium Health

San Diego, California, United States
Category Company
Founded 2002
Sector Life Science
DESCRIPTION

Millennium Health is a specialty diagnostics laboratory which has expanded the concept of therapeutic drug monitoring to the chronic pain market. Millennium’s clinical laboratory testing, technology, customer support, physician advocacy and educational resources are specifically focused on clinicians who treat pain. Millennium Health was founded in 2002 and is based in San Diego, California.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-13 RxAnte

Portland, Maine, United States

RxAnte is a provider of analytics platform to predict medication adherence for individual patients, target interventions to those most likely to benefit, and monitor and manage programs over time. RxAnte was founded in 2008 and is based in Portland, Maine.

Buy -
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