M&A Deal Summary

Net Health Acquires Casamba

On March 29, 2021, Net Health acquired software company Casamba from ABRY Partners

Acquisition Highlights
  • This is Net Health’s 3rd transaction in the Software sector.
  • This is Net Health’s 7th transaction in the United States.
  • This is Net Health’s 1st transaction in California.

M&A Deal Summary
Date 2021-03-29
Target Casamba
Sector Software
Buyer(s) Net Health
Sellers(s) ABRY Partners
Deal Type Add-on Acquisition

Target

Casamba

Agoura Hills, California, United States
Casamba is a supplier of enterprise software systems to large providers of therapy. Through its cloud-based platform, the Company provides comprehensive clinical therapy documentation, scheduling and billing automation solutions for contract therapy and other healthcare organizations. Casamba offers an integrated solution that expands its clients’ back-end office functionality, interfacing with other commercial healthcare and financial information systems. Casamba serves more than 8,000 skilled nursing, acute, outpatient and home health locations in the country, partnering with leading healthcare providers to serve patients on a national scale. Casamba was founded in 2004 and is based in Agoura Hills, California.

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Buyer(S) 1

Buyer

Net Health

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1993
Sector Software
DESCRIPTION

Net Health is a provider of software solutions for specialized outpatient care. Net Health offers EHR solutions serve five medical specialty markets and offer clients an end-to-end solution that includes practice management tools, clinical workflow documentation, revenue cycle management, expert coaching, and analytics. Net Health was established in 1993 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 7 of 7
Sector (Software) 3 of 3
Type (Add-on Acquisition) 7 of 7
State (California) 1 of 1
Country (United States) 7 of 7
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 PointRight

Cambridge, Massachusetts, United States

PointRight, Inc. provides cloud-based analytics that shows a 360⁰ view of long-term and post-acute (LTPAC) facility performance and clinical outcomes. Equipped with these insights, LTPAC Provider and Payers can lower rehospitalization rates, improve clinical outcomes, and build and manage high-performing networks. PointRight was founded in 1995 and is based in Cambridge, Massachusetts.

Buy -

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 87 of 103
Sector (Software) 7 of 7
Type (Add-on Acquisition) 43 of 53
State (California) 10 of 13
Country (United States) 75 of 88
Year (2021) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 KORE

Alpharetta, Georgia, United States

KORE is a trusted advisor delivering mission-critical IoT solutions and services. KORE empowers organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers’ business outcomes. KORE was founded in 2002 and is headquartered in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Pole Star

London, United Kingdom

Pole Star is a provider of cloud-based compliance software solutions to the maritime, financial and government sectors. Pole Star is based in London, United Kingdom.

Buy -
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