M&A Deal Summary

GHX Acquires Lumere

On January 13, 2020, GHX acquired life science company Lumere from Eight Roads

Acquisition Highlights
  • This is GHX’s 1st transaction in the Life Science sector.
  • This is GHX’s 3rd transaction in the United States.
  • This is GHX’s 1st transaction in Illinois.

M&A Deal Summary

Date 2020-01-13
Target Lumere
Sector Life Science
Buyer(s) GHX
Sellers(s) Eight Roads
Deal Type Add-on Acquisition
Advisor(s) Cain Brothers & Co. LLC (Financial)
Katten Muchin Rosenman (Legal)

Target

Lumere

Chicago, Illinois, United States
Lumere is an organization comprised of clinicians, researchers, pharmacists, and strategic thought leaders focused on helping health systems eliminate unwarranted clinical variation and cut unnecessary costs—specifically related to device and drug selection and utilization. Lumere was founded in 2012 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

GHX

Louisville, Colorado, United States

Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

GHX is a provider of cloud-based supply chain management technology and services in order to help enable better patient care and savings by maximizing automation, efficiency, and accuracy of business processes. GHX offers healthcare providers and suppliers an open and neutral electronic trading exchange that delivers procurement and accounts payable automation, contract and inventory management, vendor credentialing and management, business intelligence, and other supply chain-related tools and services. GHX was formed in 2000 and is based in Louisville, Colorado.


DEAL STATS #
Overall 4 of 7
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (Illinois) 1 of 2
Country (United States) 3 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Medical Columbus AG

Koenigstein, Germany

Medical Columbus AG is a provider of healthcare procurement software for providers and suppliers across Germany, Switzerland, Austria, Luxembourg, and the Netherlands. Medical Columbus was founded in 1998 and is based in Koenigstein, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Explorer Surgical

Chicago, Illinois, United States

Explorer Surgical is an operator of a comprehensive digital and remote case support platform that connects suppliers with healthcare provider teams. Explorer Surgical was founded in 2015 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 51 of 99
Sector (Life Science) 33 of 49
Type (Add-on Acquisition) 23 of 45
State (Illinois) 1 of 1
Country (United States) 32 of 60
Year (2020) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Immuneel Therapeutics

Bengaluru, India

Immuneel Therapeutics is a developer of cancer immunotherapies for patients in India. Immuneel Therapeutics was founded in 2018 and is based in Bengaluru, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-17 Funnel

Stockholm, Sweden

Funnel designs and develops software/platform that helps marketers automate their data collection. The company's products include dashboards and reports which simplify marketing reporting and analysis; data studio connector which gets marketing data from a number of ad sources; Google analytics upload which automatically uploads cost data to Google analytics; API and connectors which collect advertising data and send it anywhere; and Google sheets upload which add all advertising data to Google sheets. It caters to e-commerce companies, media agencies, brands, b2b businesses, mobile apps, and gaming companies. Funnel was founded in 2014 and is based in Stockholm, Sweden.

Buy -