M&A Deal Summary

MatrixCare Acquires SigmaCare

On June 20, 2017, MatrixCare acquired healthcare services company SigmaCare from Marlin Equity Partners

Acquisition Highlights
  • This is MatrixCare’s 1st transaction in the Healthcare Services sector.
  • This is MatrixCare’s 4th transaction in the United States.
  • This is MatrixCare’s 2nd transaction in New York.

M&A Deal Summary

Date 2017-06-20
Target SigmaCare
Sector Healthcare Services
Buyer(s) MatrixCare
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition

Target

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.

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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 4 of 4
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: New York M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-10 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.

Buy -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 23 of 65
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 17 of 43
State: New York M&A 1 of 4
Country: United States M&A 21 of 48
Year: 2017 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Coriant

Naperville, Illinois, United States

Coriant is a developer of an innovative and dynamic networking solutions for a fast-changing and cloud-enabled business world. The Coriant portfolio of SDN-enabled, edge-to-core transport solutions enables network operators to reduce operational complexity, improve utilization of multi-layer network resources, and create new revenue-generating services optimized for the evolving demands of business and consumer applications, including video, mobile, and cloud. Coriant was founded in 2013 and is based in Naperville, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 Collenda

Meerbusch, Germany

Collenda is a provider of claims and credit management, and risk and impairment software and services. Collenda is based in Meerbusch, Germany.

Buy -