M&A Deal Summary

MobileHelp Acquires Halo Monitoring

On September 5, 2012, MobileHelp acquired life science company Halo Monitoring from Greer Capital Advisors

Acquisition Highlights
  • This is MobileHelp’s 1st transaction in the Life Science sector.
  • This is MobileHelp’s 1st transaction in the United States.
  • This is MobileHelp’s 1st transaction in Alabama.

M&A Deal Summary
Date 2012-09-05
Target Halo Monitoring
Sector Life Science
Buyer(s) MobileHelp
Sellers(s) Greer Capital Advisors
Deal Type Add-on Acquisition

Target

Halo Monitoring

Huntsville, Alabama, United States
Halo Monitoring is an ?aging in place technology? company. Halo?s product-service offering, myHalo, provides seniors, caregivers, and their families the most accurate and easy to use fall monitoring system and alert system on the market. Unlike manually activated alarm systems ('panic buttons'), which have been proven ineffective, myHalo uses proprietary motion signal processing technology and a 24/7 call center to automatically detect falls and ensure that fallen seniors can receive assistance when needed.

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Buyer(S) 1

Buyer

MobileHelp

Boca Raton, Florida, United States
Category Company
Founded 2008
Sector Healthcare Services
DESCRIPTION

MobileHelp is a provider of mobile Personal Emergency Response Systems (PERS) and health management solutions. MobileHelp’s PERS devices are integrated with nationwide wireless voice, data and GPS technology to provide real-time medical alert monitoring services and expedited personal emergency assistance. In addition, MobileHelp offers proactive health management services such as activity tracking, medication reminders and a telehealth platform. MobileVitals, for both consumers and healthcare providers. MobileHelp was founded in 2008 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

Greer Capital Advisors

Mountain Brook, Alabama, United States

Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Focused
DESCRIPTION

Greer Capital Advisors (GCA) is a specialized, heathcare focused private equity firm that targets investments in Alabama based companies. Within healthcare, GCA looks for companies in the pharmaceutical, biotechnology, medical device, and diagnostics industries. GCA prefers early and growth stage investments and generally seeks to invest between $1 to $2 million per transaction. Greer Capital Advisors was formed in 2002 and is based in Birmingham, Alabama.

DEAL STATS #
Overall 9 of 13
Sector (Life Science) 7 of 10
Type (Add-on Acquisition) 6 of 10
State (Alabama) 4 of 7
Country (United States) 9 of 13
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-04 TransMolecular

Cambridge, Massachusetts, United States

TransMolecular is a neuroscience therapeutics company discovering and developing novel, proprietary drugs to diagnose and treat cancer and pain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-23 VectorLogics

Birmingham, Alabama, United States

VectorLogics (VLI) is a biotechnology company focused on the development and commercialization of virus based cancer therapies and therapeutic vaccines for viral liver diseases.

Sell -
Mergr

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