M&A Deal Summary

Great Point Partners Acquires Ludi

On December 13, 2023, private equity firm Great Point Partners acquired information technology company Ludi

Acquisition Highlights
  • This is Great Point Partners’ 3rd transaction in the Information Technology sector.
  • This is Great Point Partners’ 28th transaction in the United States.
  • This is Great Point Partners’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2023-12-13
Target Ludi
Sector Information Technology
Buyer(s) Great Point Partners
Deal Type Recapitalization
Advisor(s) B.C. Ziegler and Co. (Financial)

Target

Ludi

Nashville, Tennessee, United States
Ludi is a healthcare technology company that helps hospitals to pay physicians. The company's DocTime Suite automates the payment process for any type of physician arrangement from a signed contract to payment. A robust financial and compliance management system, DocTime helps hospitals manage all the complex tasks, rules, and data associated with their physician agreements – all in one easy-to-use system. Ludi was founded in 2012 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Great Point Partners is a private investment firm focused on investing in private and public healthcare companies. Great Point's private equity practice invests $10 to $100 million of growth capital in private, growing companies. Specific areas of interest within the healthcare sector includes biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, medical devices, specialty pharmaceuticals, and worker compensation companies. Great Point Partners was formed in 2003 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 34 of 35
Sector (Information Technology) 3 of 3
Type (Recapitalization) 15 of 15
State (Tennessee) 1 of 1
Country (United States) 28 of 28
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Valenz

Phoenix, Arizona, United States

Valenz simplifies the complexities of self-insurance for employers through a steadfast commitment to data transparency and decision enablement powered by its Healthcare Ecosystem Optimization Platform. Offering a strong foundation with deep roots in clinical and member advocacy, alongside decades of expertise in the validation, integrity, and accuracy of claims, and a suite of risk affinity solutions, the company optimizes healthcare for the provider, payer, plan, and member. By leveraging data transparency and delivering an omnichannel approach across the healthcare journey, it improves cost, quality, and outcomes for employers and their members engaging early and often for smarter, better, faster healthcare. Valenz was formed in 2004 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-13 Lyocontract

Ilsenburg, Germany

Lyocontract is an independent drug product contract development and manufacturing organization (“CDMO”). The Company operates from a state-of-the-art pharmaceutical manufacturing facility providing aseptic liquid filling, lyophilization, and packaging services. Lyocontract was formed in 2007 and is headquartered in Ilsenburg, Germany.

Buy -
Mergr

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