M&A Deal Summary

MatrixCare Acquires AOD Software

On December 10, 2015, MatrixCare acquired software company AOD Software from Primus Capital

Acquisition Highlights
  • This is MatrixCare’s 3rd transaction in the Software sector.
  • This is MatrixCare’s 3rd transaction in the United States.
  • This is MatrixCare’s 1st transaction in Florida.

M&A Deal Summary

Date 2015-12-10
Target AOD Software
Sector Software
Buyer(s) MatrixCare
Sellers(s) Primus Capital
Deal Type Add-on Acquisition

Target

AOD Software

Coral Springs, Florida, United States
AOD Software is a developer of targeted application software serving the Long Term Care and Senior Health Care Industries.

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Buyer(S) 1

Buyer

MatrixCare

Bloomington, Minnesota, United States

Category Company
Founded 1982
Sector Software
Revenue 122M USD (2018)
DESCRIPTION

MatrixCare enables long-term, post-acute care (LTPAC) organizations to provide better health outcomes for seniors while successfully managing risk in out-of-hospital care delivery. MatrixCare is trusted by thousands of senior living, skilled nursing, and accountable care organizations; life plan communities; and private-duty, home health, and hospice agencies. MatrixCare’s active care management platform helps providers connect and collaborate to keep America’s seniors healthy and optimize outcomes for the populations under their care.


DEAL STATS #
Overall 3 of 4
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 4
State: Florida M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 MealTracker

Hornell, New York, United States

MealTracker is a provider of dietary software services. MealTracker was formed in 1985 and is based in Hornell, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 SigmaCare

New York, New York, United States

SigmaCare develops and markets clinical solutions for long-term and post-acute care (LTPAC) facilities that lower risk, reduce rehospitalizations, decrease costs and increase reimbursement. SigmaCare automates the complete workflow, delivers clinical decision support, integrates with third-party providers and improves coordination across care settings.

Buy -

Seller(S) 1

SELLER

Primus Capital

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 26 of 47
Sector: Software M&A 3 of 9
Type: Add-on Acquisition M&A Deals 15 of 29
State: Florida M&A 3 of 4
Country: United States M&A 25 of 46
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Coverall North America

Deerfield Beach, Florida, United States

Coverall North America is a franchisor of commercial cleaning services. The Coverall network has nearly 8,300 franchise business owners with 43 master owned business locations. Coverall North America was founded in 1985 and is based in Deerfield Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-22 Netchex

Covington, Louisiana, United States

Netchex is a web-based human capital management platform offering single sign-on, integrated solutions for the complete employee lifecycle. Netchex’s software features hiring, onboarding, payroll, human resources, time management, benefits, and reporting tools to control labor costs and enhance the employee experience. Netchex was founded in 2003 and is based in Covington, Louisiana.

Buy -