M&A Deal Summary

Medidata Solutions Acquires SHYFT Analytics

On June 12, 2018, Medidata Solutions acquired internet software and services company SHYFT Analytics from Health Enterprise Partners

Acquisition Highlights
  • This is Medidata Solutions’ 3rd transaction in the Internet Software and Services sector.
  • This is Medidata Solutions’ 6th transaction in the United States.
  • This is Medidata Solutions’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2018-06-12
Target SHYFT Analytics
Sector Internet Software and Services
Buyer(s) Medidata Solutions
Sellers(s) Health Enterprise Partners
Deal Type Add-on Acquisition

Target

SHYFT Analytics

Waltham, Massachusetts, United States
SHYFT Analytics is an analytics platform for life sciences with products designed specifically for the unique needs of the pharmaceutical, biotech, and medical device industries. SHYFT Analytics was founded in 2005 and is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

Medidata Solutions

New York, New York, United States

Category Company
Founded 1999
Sector Internet Software and Services
Employees1,998
Revenue 636M USD (2018)
DESCRIPTION

Medidata Solutions, Inc. is a provider of cloud-based solutions for clinical research in life sciences, transforming clinical development through its advanced applications and intelligent data analytics. The Medidata Clinical Cloud™ brings new levels of productivity and quality to the clinical testing of promising medical treatments, from study design and planning through execution, management and reporting. Medidata Solutions was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 7 of 7
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 6 of 6
State: Massachusetts M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Mytrus

Davis, California, United States

Mytrus, Inc. is a privately held e-clinical technology company specializing in patient-centered electronic informed consent and data collection tools. Mytrus was established in 2009 and is based in Davis, California.

Buy -

Seller(S) 1

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 12 of 24
Sector: Internet Software and Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 9 of 20
State: Massachusetts M&A 1 of 1
Country: United States M&A 12 of 24
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-01 SCIO Health Analytics

West Hartford, Connecticut, United States

SCIO Health Analytics is a health analytics solution and services company serving over 100 healthcare organizations representing over 130 million covered lives across the continuum including providers, health plans, PBMs, employers, health services and global life sciences companies. Headquartered in West Hartford, Connecticut, SCIO has more than 1,100 professionals in locations throughout the United States, the United Kingdom and India. SCIO provides scalable predictive analytic solutions and services that transform data into actionable insights, helping healthcare organizations identify opportunities and prescribe actions to drive operational performance and address the healthcare waste epidemic while improving care quality. SCIO is dedicated to helping our clients achieve outcomes and decrease total cost of care.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 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.

Buy -