M&A Deal Summary

MedImpact Healthcare Systems Acquires Medical Security Card

On September 1, 2013, MedImpact Healthcare Systems acquired medical products company Medical Security Card from Monitor Clipper Partners and Prospect Capital Management

Acquisition Highlights
  • This is MedImpact Healthcare Systems’ 1st transaction in the Medical Products sector.
  • This is MedImpact Healthcare Systems’ 3rd transaction in the United States.
  • This is MedImpact Healthcare Systems’ 1st transaction in Arizona.

M&A Deal Summary

Date 2013-09-01
Target Medical Security Card
Sector Medical Products
Buyer(s) MedImpact Healthcare Systems
Sellers(s) Monitor Clipper Partners
Prospect Capital Management
Deal Type Add-on Acquisition
Advisor(s) SunTrust Robinson Humphrey, Inc. (Financial)

Target

Medical Security Card

Tucson, Arizona, United States
Medical Security Card Co. LLC (dba ScriptSave) is a U.S. unfunded drug benefit market and has saved consumers over $2.5 billion in health care costs. The company provides customized prescription drug benefit solutions for consumers; delivered through retail pharmacies, health insurance companies, employers and PBMs. ScriptSave is headquartered in Tucson, Arizona.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

MedImpact Healthcare Systems

San Diego, California, United States

Category Company
Founded 1989
Sector Healthcare Services
DESCRIPTION

MedImpact Healthcare Systems, Inc. is a full-service, transparent Pharmacy Benefits Management (PBM) company, focused on aligning its goals with its clients' goals delivering value by providing flexibility and choice.


DEAL STATS #
Overall 3 of 4
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Arizona) 1 of 1
Country (United States) 3 of 4
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 Apex Affinity

Atlanta, Georgia, United States

Apex Affinity, Inc. is a provider of services that help organizations reach new customers, increase satisfaction and loyalty, and create new revenue streams. From traditional retail discount cards to the latest e-marketing technologies, Apex enables affinity groups to engage their members and grow.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Elixir Solutions

United States

Elixir Solutions provides clinical, technology, and health risk management,services.

Buy -

Seller(S) 2

SELLER

Monitor Clipper Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monitor Clipper Partners (MCP) is a private equity group formed by consulting firm The Monitor Group and private equity firm The Clipper Group. MCP targets private equity investments in middle-market companies in North America and Western Europe and looks to commit $10 to $70 million of equity per transaction. MCP does not focus on any particular sector but current portfolio companies suggest an interest in business services, natural/organic foods, specialty retail, health care services, gaming, logistics, mortgage technology, marketing services, financial services and metals. The Firm will consider both control and minority positions. Monitor Clipper Partners was formed in 1998 and is based in Cambridge, Massachusetts with additional offices in Zurich, Switzerland, Toronto, Canada, Luxembourg and London, United Kingdom.


DEAL STATS #
Overall 25 of 35
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 11 of 15
State (Arizona) 1 of 2
Country (United States) 21 of 28
Year (2013) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-15 Mortgage Cadence

Denver, Colorado, United States

Mortgage Cadence is a provider of mortgage technology solutions to leading financial institutions in the United States. The Company's Orchestrator loan origination system is a high-end software solution based around a customizable rules engine that enables both the Company and its customers to quickly adapt the software to various business and/or lending needs. In addition, Mortgage Cadence offers the Finale document management system, enabling customers to electronically produce the necessary closing documents for mortgage loans. Mortgage Cadence's third core offering, the Loan Modification Module, enables clients to efficiently modify mortgage loans under both proprietary and federally-sponsored modification programs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Paradigm Tax Group

Phoenix, Arizona, United States

Paradigm Tax Group is an independent national provider of comprehensive property tax management services. PTG provides taxpayers with a full suite of services, including real and personal property tax appeals, pre-acquisition planning due diligence, complex property consulting, and business personal property tax compliance. Paradigm Tax Group was founded in 2004 and is based in Phoenix, Arizona.

Sell -
SELLER

Prospect Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Business Development Company
Founded 1988
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.


DEAL STATS #
Overall 19 of 48
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 5 of 17
State (Arizona) 1 of 1
Country (United States) 19 of 47
Year (2013) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 CP Energy Services

Weatherford, Oklahoma, United States

CP Energy Services is a provider of water hauling, disposal, and acid services for oil & gas exploration and production companies in the Texas Panhandle and Western Oklahoma. The company provides flow back and well-testing services in support of oil & gas exploration and production companies in the Granite Wash, Permian and Cana-Woodford plays.

Buy $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 ROM

Belton, Missouri, United States

ROM Corp. is a manufacturer of products that improve worker productivity and reduce workplace accidents. ROM product solutions are marketed to emergency responders, truck and trailer operators, food and pharmaceutical manufacturers, telecommunication and utility workers, and other specialty vehicle occupations.

Sell -