M&A Deal Summary

Meridian Medical Management Acquires Origin Healthcare Solutions

On December 11, 2014, Meridian Medical Management acquired business services company Origin Healthcare Solutions from TCV, BPOC and SE Capital

Acquisition Highlights
  • This is Meridian Medical Management’s 1st transaction in the Business Services sector.
  • This is Meridian Medical Management’s 1st transaction in the United States.
  • This is Meridian Medical Management’s 1st transaction in Illinois.

M&A Deal Summary

Date 2014-12-11
Target Origin Healthcare Solutions
Sector Business Services
Buyer(s) Meridian Medical Management
Sellers(s) TCV
BPOC
SE Capital
Deal Type Add-on Acquisition

Target

Origin Healthcare Solutions

Chicago, Illinois, United States
Origin Healthcare Solutions LLC is a provider of healthcare revenue cycle management solutions as well as business and clinical intelligence systems to office-based and hospital-based physician practices.

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Buyer(S) 1

Buyer

Meridian Medical Management

Windsor, Connecticut, United States

Category Company
Founded 2002
Sector Information Technology
DESCRIPTION

Meridian Medical Management is a provider of healthcare analytics services, outsourced revenue cycle management, electronic medical records, and IT programming to multi-specialty physician groups using the GE Centricity platform. Meridian Medical Management was formed in 2002 and is based in Windsor, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 3

SELLER

TCV

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 21.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $10 and $500 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 59 of 84
Sector: Business Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 32 of 43
State: Illinois M&A 2 of 2
Country: United States M&A 52 of 73
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-25 Travelport

Langley, United Kingdom

Travelport is a developer of a travel commerce platform to provide distribution, technology, payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace. Travelport was founded in 2006 and is based in Langley, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-19 Rover

Olympia, Washington, United States

Rover is an online marketplace for pet care that connects pet parents with pet providers who offer overnight services, including boarding and in-home pet sitting, as well as daytime services, including doggy daycare, dog walking, drop-in visits, and grooming. Rover was founded in 2011 and is based in Olympia, Washington.

Buy -
SELLER

BPOC

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Beecken Petty O'Keefe & Company (BPOC) is a specialist private equity firm that targets investments in middle-market healthcare companies. Specific areas of interest within healthcare include, specialty distribution; provider and payor outsourcing; pharmacy, infusion, and home healthcare; outpatient an alternate site services; and medical products manufacturing with a focus on capital equipment. The Firm focuses on recapitalizations, buyouts, and growth capital investments. BPOC was formed in 1996 and is based in Chicago, Illinois.


DEAL STATS #
Overall 25 of 37
Sector: Business Services M&A 3 of 6
Type: Add-on Acquisition M&A Deals 13 of 18
State: Illinois M&A 5 of 6
Country: United States M&A 24 of 36
Year: 2014 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 himagine solutions

St. Louis, Missouri, United States

himagine solutions is a HIM outsourcing company providing health information management services, including medical coding, coding audit, registry management and clinical documentation solutions to U.S. healthcare systems, hospitals, and adjacent physician facilities. himagine solutions was founded in 2008 and is based in St. Louis, Missouri.

Buy $119M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-13 Teramedica

Milwaukee, Wisconsin, United States

TeraMedica, Inc. is a medical information technology company that designs, markets, and integrates digital image and information management software for use by physicians, clinicians and information technology professionals in hospitals and multi-facility healthcare organizations.

Sell -
SELLER

SE Capital

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

SE Capital is a private investment firm that looks to partner with management teams in acquiring small to mid-sized businesses. Targeted companies typically have revenues of $15 to $100 million and operate in the business process outsourcing, consulting/IT, healthcare, insurance services, and intelligence/defense sectors. The Firm primarily purses management-assisted buyouts, but will also consider later-stage growth situations. SE Capital was formed in 2001 and is based in Chicago.


DEAL STATS #
Overall 6 of 6
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Illinois M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Claim Adjustment Specialists

Dallas, Texas, United States

CAS is a full-service claim management business predominantly servicing claims that arise from various segments of the Property & Casualty industry. Claim Adjustment Specialists was formed in 1995 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 TLC Companies

Brooklyn Center, Minnesota, United States

TLC Companies provides transportation industries workers' compensation and risk management solutions. The TLC Companies has been able to leverage our 25+ years of experience in risk management and transportation services to our clients resulting in lower operating costs. TLC Companies was founded in 1985 and is based in Brooklyn, Minnesota.

Buy -