M&A Deal Summary

ModMed Acquires Xtract Solutions

On January 5, 2023, ModMed acquired software company Xtract Solutions

Acquisition Highlights
  • This is ModMed’s 2nd transaction in the Software sector.
  • This is ModMed’s 6th transaction in the United States.
  • This is ModMed’s 1st transaction in Oregon.

M&A Deal Summary

Date 2023-01-05
Target Xtract Solutions
Sector Software
Buyer(s) ModMed
Deal Type Add-on Acquisition

Target

Xtract Solutions

Beaverton, Oregon, United States
Xtract Solutions develops immunotherapy software specifically for allergy practices. The Company combines over a decade of software development with the industry-leading outsourcing of Edge Pharma. Xtract Solutions was founded in 2005 and is based in Beaverton, Oregon.

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Buyer(S) 1

Buyer

ModMed

Boca Raton, Florida, United States

Category Company
Founded 2009
Sector Information Technology
DESCRIPTION

ModMed is a provider of specialty-specific health information technology. Its flagship product, the EMA, is a cloud-based, specialty-specific EHR system. The company’s suite of products also includes practice management and revenue cycle management solutions as well as telehealth for dermatology and analytics. ModMed was founded in 2009 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 6 of 6
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
State: Oregon M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 Klara

New York, New York, United States

Klara is patient communication and collaboration platform that empowers patients to take more control of their healthcare experience and practices to increase efficiency. Klara’s platform is designed to enable collaboration and communication between practice and patient, including how patients discover, select and engage with a provider. Klara is based in New York City.

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