M&A Deal Summary

GetWellNetwork Acquires Seamless Medical Systems

On January 19, 2017, GetWellNetwork acquired information technology company Seamless Medical Systems from Sun Mountain Capital

Acquisition Highlights
  • This is GetWellNetwork’s 3rd transaction in the Information Technology sector.
  • This is GetWellNetwork’s 3rd transaction in the United States.
  • This is GetWellNetwork’s 1st transaction in New Mexico.

M&A Deal Summary
Date 2017-01-19
Target Seamless Medical Systems
Sector Information Technology
Buyer(s) GetWellNetwork
Sellers(s) Sun Mountain Capital
Deal Type Add-on Acquisition

Target

Seamless Medical Systems

Santa Fe, New Mexico, United States
Seamless Medical Systems LLC is a patient engagement platform. Seamless offers mobile-enabled products that aim to help healthcare organizations with patient registration, data capture, health education, and communication. Seamless enhances GetWellNetwork’s outpatient offering with a mobile, digital patient-intake platform that provides patient onboarding and retention for integrated health systems, federally qualified health centers, independent practices and retail health clinics. The cloud-based Seamless solution automates online appointment scheduling, pre-registration and check-in, as well as insurance verification, payment collection and patient education in multiple languages.

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Buyer(S) 1

Buyer

GetWellNetwork

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

GetWellNetwork, Inc. is a provider of patient engagement solutions that help health care providers engage, educate and empower patients along the care continuum. Our patient-centered platform, delivered across multiple technology platforms including mobile devices, computers and televisions, enables providers to implement a revolutionary care delivery model called Interactive Patient Care™ to improve performance and patient outcomes. The company further extends the value of existing IT investments by integrating seamlessly with electronic medical record and patient portal applications.

DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 3 of 5
State (New Mexico) 1 of 1
Country (United States) 3 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Skylight Healthcare Systems

San Diego, California, United States

Skylight Healthcare Systems, Inc. provides a technology platform, Skylight Interactive®, which engages and empowers both patients and providers while addressing a hospital’s needs in clinical efficiency, information technology integration and patient experience.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 HealthLoop Software

Mountian View, California, United States

HealthLoop Software Co. is a digital health company. HealthLoop enables care teams to engage all patients before and after admission through automated daily check-ins. HealthLoop Software Co. was founded in 2009 and is based in Mountian View, California.

Buy -

Seller(S) 1

SELLER

Sun Mountain Capital

Santa Fe, New Mexico, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Sun Mountain Capital is a provider of fund investment advisory services as well as a direct investor. Sun Mountain's advisory practice develops customized private equity programs for institutional investors while the Firm's direct investment program looks to commit $250k to $10 million of capital for a variety of situations. Sun Mountain looks to be an active/hands-on investor. Sun Mountain Capital was formed in 2006 and is based in Santa Fe, New Mexico.

DEAL STATS #
Overall 4 of 8
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (New Mexico) 4 of 5
Country (United States) 4 of 8
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 SBA Materials

Albuquerque, New Mexico, United States

SBA Materials, Inc. is a provider in the development of engineered nano-structured dielectrics. SBA's patented Liquid Phase Self Assembly technology enables the design of advanced siloxane-based materials with a broad range of porosities and a unique combination of electrical, optical and mechanical properties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 RiskSense

Sunnyvale, California, United States

RiskSense provides vulnerability management and prioritization to measure and control cybersecurity risk. The cloud-based RiskSense platform uses a foundation of risk-based scoring, analytics, and technology-accelerated pen testing to identify critical security weaknesses with corresponding remediation action plans, dramatically improving security and IT team efficiency and effectiveness. RiskSense was founded in 2015 and is based in Sunnyvale, California.

Buy -
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