M&A Deal Summary |
|
|---|---|
| Date | 2023-11-16 |
| Target | Cloudbreak |
| Sector | Healthcare Services |
| Buyer(s) |
GTCR
Monroe Capital |
| Sellers(s) | UpHealth |
| Deal Type | Divestiture |
| Deal Value | 180M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 15.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 139 of 143 |
| Sector (Healthcare Services) | 23 of 23 |
| Type (Divestiture) | 11 of 12 |
| State (Ohio) | 6 of 6 |
| Country (United States) | 134 of 138 |
| Year (2023) | 6 of 6 |
| Size (of disclosed) | 16 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-13 |
Foundation Source
Fairfield, Connecticut, United States Foundation Source is a provider of comprehensive support services for private foundations. Foundation Source complete outsourced solutions include foundation creation (as needed), administrative support, active compliance monitoring, philanthropic advisory, tax, and legal expertise, and online foundation management tools. Foundation Source provides its services to more than 1,600 family, corporate, and professionally staffed foundations, of all sizes, nationwide. Foundation Source was founded in 2001 and is based in Fairfield, Connecticut. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-12 |
RevSpring
Nashville, Tennessee, United States RevSpring is a provider of multi-channel billing and communications solutions to the healthcare and financial services industries. The company helps customers accelerate revenue through an end-to-end platform of offerings that includes physical and electronic invoices, consumer payment portals, data cleansing solutions, and analytics tools that validate consumer identities and optimize engagement. It serves a diversified client base of approximately 2,000 health systems & hospitals, revenue cycle management providers, and financial services organizations. RevSpring was formed in 1997 and is based in Wixom, Michigan. |
Sell | - |
| Category | Lender |
|---|---|
| Founded | 2004 |
| PE ASSETS | 14.1B USD |
| Size | Mega |
| Type | Sector Agnostic |
Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 102 of 115 |
| Sector (Healthcare Services) | 7 of 7 |
| Type (Divestiture) | 8 of 8 |
| State (Ohio) | 4 of 4 |
| Country (United States) | 101 of 114 |
| Year (2023) | 9 of 10 |
| Size (of disclosed) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-27 |
Central Moloney
White Hall, Arkansas, United States Central Moloney is a manufacturer of critical infrastructure products for the U.S. electrical grid. CMI is a partner to leading utilities throughout the U.S., offering a full suite of customizable distribution transformers and transformer components. The Company operates three transformer and component manufacturing facilities with a combined 577,000 sq. ft. across Panama City Beach, Fla. Central Moloney was founded in 1949 and is based in White Hall, Arkansas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-27 |
Newman Machine
Browns Summit, North Carolina, United States Newman Machine specializes in designing and engineering a wide range of equipment, such as planers, grinders, and sanders. Newman Machine was founded in 1907 and is based in Browns Summit, North Carolina. |
Buy | - |
| Category | Company |
|---|---|
| Sector | Healthcare Services |
| Employees | 611 |
| Revenue | 130M USD (2023) |
UpHealth is a global digital health company that delivers digital-first technology, infrastructure and services to dramatically improve how healthcare is delivered and managed. UpHealth is based in Delray Beach, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
