M&A Deal Summary

MDI Achieve Acquires eHealth Solutions

On June 20, 2017, MDI Achieve acquired healthcare services company eHealth Solutions from Marlin Equity Partners

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

M&A Deal Summary

Date 2017-06-20
Target eHealth Solutions
Sector Healthcare Services
Buyer(s) MDI Achieve
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition

Target

eHealth Solutions

New York, New York, United States
eHealth Solutions, Inc. (dba SigmaCare) develops and markets innovative, best-in-class 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

MDI Achieve

Bloomington, Montana, United States

Category Company
Founded 1982
Sector Software
Employees48
DESCRIPTION

MDI Achieve, Inc. (MatrixCare) is a provider of software services to EHR for long-term care and senior living provider. MatrixCare is the complete solution for growing organizations that need to successfully manage risk in care delivery across the LTPAC spectrum. Trusted by more than 13,000 facility-based care settings and more than 2,500 home care, home health, and hospice organizations, MatrixCare’s solutions help ACOs, skilled nursing and senior living providers, life plan communities (CCRCs), and home health organizations to connect, collaborate and prosper as we migrate to a fee-for-value healthcare system. In addition to EHR components purpose-built for any LTPAC care-setting, MatrixCare also includes solutions to systematically increase clinical quality: Enterprise Analytics, robust Clinical Decision Support, and the industry’s first Care Coordination platform to create a true, person-centric, e-longitudinal health record and enable LTPAC providers to efficiently manage the populations under their care.


DEAL STATS #
Overall 4 of 4
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2017) 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 63
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 17 of 42
State (New York) 1 of 4
Country (United States) 21 of 46
Year (2017) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Coriant

Naperville, Illinois, United States

Coriant, Inc. 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 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 -