M&A Deal Summary

HealthEdge Acquires Wellframe

On October 19, 2021, HealthEdge acquired internet software and services company Wellframe from Eight Roads

Acquisition Highlights
  • This is HealthEdge’s 2nd transaction in the Internet Software and Services sector.
  • This is HealthEdge’s 3rd transaction in the United States.
  • This is HealthEdge’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-10-19
Target Wellframe
Sector Internet Software and Services
Buyer(s) HealthEdge
Sellers(s) Eight Roads
Deal Type Add-on Acquisition
Advisor(s) Centerview Partners (Financial)
Goodwin Procter (Legal)

Target

Wellframe

Boston, Massachusetts, United States
Wellframe is a developer of consumer-facing and user-friendly mobile application that delivers personalized content and facilitates seamless connectivity to health plan staff. Wellframe was founded in 2011 and is based in Boston, Massachusetts.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

HealthEdge

Burlington, Massachusetts, United States

Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

HealthEdge is a provider of modern, disruptive healthcare IT solutions that health insurers use to leverage new business models, improve outcomes, drastically reduce administrative costs, and connect everyone in the healthcare delivery cycle. HealthEdge was founded in 2005 and is based in Burlington, Massachusetts.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-29 Altruista Health

Reston, Virginia, United States

Altruista Health, Inc. is a provider of care management technology solutions that address the complex care and support needs of Medicaid, long-term care and other special needs populations. Altruista Health was founded in 2007 and is based in Reston, Virginia.

Buy -

Seller(S) 1

SELLER

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
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 89 of 124
Sector: Internet Software and Services M&A 21 of 26
Type: Add-on Acquisition M&A Deals 39 of 59
State: Massachusetts M&A 22 of 28
Country: United States M&A 53 of 66
Year: 2021 M&A 21 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 SaaS Labs

Palo Alto, California, United States

SaaS Labs is a cloud phone system made to help sales, support and marketing teams perform better. Make, receive, record and analyze phone calls, texts and fax directly from your CRM or Helpdesk system, or from a web and mobile app. SaaS Labs was founded in 2016 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Structure Therapeutics

South San Francisco, California, United States

Structure Therapeutics creates life-changing medicines for patients using advanced computational and structure-based technology. Structure Therapeutics platform combines the latest advancements in computational chemistry, visualization of molecular interactions, and data integration to design orally available, superior medicines that overcome current limitations in biologic and peptide drugs. Structure Therapeutics is based in South San Francisco, California.

Buy -