M&A Deal Summary

Lightbeam Health Solutions Acquires Jvion

On May 31, 2022, Lightbeam Health Solutions acquired software company Jvion from JMI Equity and Health Enterprise Partners

Acquisition Highlights
  • This is Lightbeam Health Solutions’ 1st transaction in the Software sector.
  • This is Lightbeam Health Solutions’ 4th transaction in the United States.
  • This is Lightbeam Health Solutions’ 1st transaction in Georgia.

M&A Deal Summary

Date 2022-05-31
Target Jvion
Sector Software
Buyer(s) Lightbeam Health Solutions
Sellers(s) JMI Equity
Health Enterprise Partners
Deal Type Add-on Acquisition

Target

Jvion

Johns Creek, Georgia, United States
Jvion is a developer of Cognitive Clinical Success Machine — a unique approach to improving patient care that uses artificial intelligence to turn healthcare data into prescriptive clinical intelligence, reducing patient-level clinical variation, and improving intervention effectiveness. Jvion was founded in 2011 and is based in Johns Creek, Georgia.

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Buyer(S) 1

Buyer

Lightbeam Health Solutions

Irving, Texas, United States

Category Company
Founded 2012
Sector Information Technology
DESCRIPTION

Lightbeam Health Solutions is a provider of a single vendor platform that facilitates end-to-end population management. The Company's platform facilitates end-to-end population health management for ACOs, payers, provider groups, health systems, and other healthcare organizations aspiring to provide superior care at a lower cost. Lightbeam Health Solutions was founded in 2012 and is based in Irving, Texas.


DEAL STATS #
Overall 4 of 4
Sector (Software) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Georgia) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 CareSignal

St. Louis, Missouri, United States

CareSignal provides patient engagement and monitoring tools to identify patients whose health is worsening in the community. Their standardized, evidence-based SMS text messages and IVR phone calls collect patient symptoms for 24 chronic and behavioral health conditions, while advanced algorithms risk stratify patient-reported data to identify at-risk patients. Clinical teams receive alerts for at-risk patients, providing actionable data that enables proactive care to improve health outcomes and prevent avoidable emergency department visits. CareSignal was formed in 2015 and is based in St. Louis, Missouri.

Buy -

Seller(S) 2

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.


DEAL STATS #
Overall 103 of 106
Sector (Software) 52 of 54
Type (Add-on Acquisition) 66 of 67
State (Georgia) 4 of 4
Country (United States) 92 of 94
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 CampusLogic

Chandler, Arizona, United States

CampusLogic delivers SaaS technology that helps colleges and universities remove barriers in the financial aid process. The company currently helps nearly 800 schools increase enrollment, retention, and graduation rates with the most comprehensive platform of Student Financial Success products. CampusLogic was formed in 2011 and is based in Chandler, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 Performio

Irvine, California, United States

Performio is a provider of a new breed of incentive compensation management software that combines enterprise-grade functionality with the ease of use required of modern software applications. Performio is based in Irvine, California.

Buy -
SELLER
DESCRIPTION

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 20 of 23
Sector (Software) 3 of 3
Type (Add-on Acquisition) 16 of 19
State (Georgia) 1 of 1
Country (United States) 20 of 23
Year (2022) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Proven Behavior Solutions

Norwell, Massachusetts, United States

Proven Behavior Solutions is committed to improving the lives of children and adolescents affected by ASD in the South Shore region of Massachusetts. Proven’s clinical team is comprised of highly experienced BCBAs, Speech-Language Pathologists (SLPs), Registered Behavior Technicians (RBTs), Occupational Therapists (OTs), and clinically trained Advocates delivering care in the home and clinic settings. Proven Behavior Solutions is based in Norwell, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-11 Nordic Consulting

Madison, Wisconsin, United States

Nordic Consulting provides Epic EHR consulting services to healthcare organizations. Nordic Consulting was founded in 2012 and is based in Madison, Wisconsin.

Sell -