Add-on Acquisition • Information Technology

Kepro Acquires Health Information Designs

On July 31, 2018, Kepro acquired information technology company Health Information Designs from BV Investment Partners

Acquisition Context
  • This is Kepro’s 1st transaction in the Information Technology sector.
  • This is Kepro’s 1st transaction in the United States.
  • This is Kepro’s 1st transaction in Alabama.

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M&A Deal Summary

Date July 31, 2018
Target Health Information Designs
Sector Information Technology
Buyer(s) Kepro
Sellers(s) BV Investment Partners
Deal Type Add-on Acquisition

Target Company

Health Information Designs

Auburn, Alabama, United States
Health Information Designs is a provider of primarily healthcare-related information technology and data analytics solutions. The Company’s healthcare solutions – which include electronic prior authorization, drug utilization review, prescription drug monitoring, and surveillance and utilization review – are utilized by state Medicaid agencies and commercial insurers to reduce healthcare costs and optimize patient care. The Company also offers a non-healthcare data analytics solution that helps state transportation authorities identify uninsured drivers and promote automotive insurance compliance.
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Buyer Overview 1

Buyer

Kepro

Nashville, Tennessee, United States

Category Company
Founded 1985
Sector Healthcare Services
DESCRIPTION

Kepro is a quality improvement and care management organization that offers innovative and outcomes-focused solutions to reduce the utilization of healthcare resources and optimize the quality of care for government and private sector clients. Kepro's comprehensive, member-centric care management solutions go far beyond traditional utilization and case management by coordinating the care provided to members with acute, chronic and complex conditions across the continuum, and identifying members who are at the highest risk for future services but have not yet had an acute event. Kepro was founded in 1985 and is based in Nashville, Tennessee.


Deal Context for Buyer #
Overall 1 of 3
Sector: Information Technology 1 of 2
Type: Add-on Acquisition 1 of 3
State: Alabama 1 of 1
Country: United States 1 of 3
Year: 2018 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-30 IMEDECS

Harrisburg, Pennsylvania, United States

IMEDECS is a URAC-accredited independent medical review services company that provides peer review, external appeals, and dispute resolution services to health plans. IMEDECS is based in Harrisburg, Pennsylvania.

Buy -

Seller Profile 1

SELLER

BV Investment Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BV Investment Partners is a private equity firm partner with entrepreneurs and families to invest in sound businesses and provide them with significant strategic, operating, and analytical assistance to accelerate the growth of the company through organic initiatives and acquisitions. BV was formed in 1983 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 15 of 31
Sector: Information Technology 3 of 11
Type: Add-on Acquisition 9 of 18
State: Alabama 2 of 3
Country: United States 14 of 29
Year: 2018 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-28 Risk International

Fairlawn, Ohio, United States

Risk International is a provider of outsourced risk management and employee benefits advisory and information services for Fortune 500 and upper middle-market and large-cap enterprises, including portfolio companies of many highly-regarded private equity firms. Risk International was founded in 1986 and is based in Fairlawn, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Consero

Austin, Texas, United States

Consero is a software-driven provider of fully outsourced finance and accounting solutions for high-growth SMBs and middle-market enterprises. The Company’s fully-managed financial solution enables companies to quickly and cost-effectively scale their finance function with a high degree of financial transparency and insight. Consero was founded in 2006 and headquartered in Austin, Texas.

Buy -