M&A Deal Summary

Netsmart Acquires Netalytics

On October 5, 2023, Netsmart acquired software company Netalytics from Prairie Capital

Acquisition Highlights
  • This is Netsmart’s 6th transaction in the Software sector.
  • This is Netsmart’s 15th transaction in the United States.
  • This is Netsmart’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2023-10-05
Target Netalytics
Sector Software
Buyer(s) Netsmart
Sellers(s) Prairie Capital
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

Netalytics

Greer, South Carolina, United States
Netalytics is a software development company with a focus on creating solutions for the behavior healthcare industry. Its comprehensive purpose-built solutions provide a wide array of functionality, including managing inventory, controlling dosing, and tracking regulatory compliance. Netalytics is based in Greer, South Carolina.

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Buyer(S) 1

Buyer

Netsmart

Overland Park, Kansas, United States

Category Company
Founded 1968
Sector Internet Software and Services
Employees337
DESCRIPTION

Netsmart is a provider of enterprise software and software as a service (SaaS) solutions for health and human services providers. Netsmart provides technology and expertise to help health and human services providers deliver effective, outcomes-based services and care to more than 25 million persons nationwide. Netsmart clients include mental health and addiction services agencies, health homes, psychiatric hospitals, private and group mental health practices, public health departments, social services, child and family services agencies, managed care organizations and vital records offices. Netsmart was founded in 1968 and is based in Overland Park, Kansas.


DEAL STATS #
Overall 15 of 16
Sector (Software) 6 of 6
Type (Add-on Acquisition) 13 of 14
State (South Carolina) 1 of 1
Country (United States) 15 of 16
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Remarkable Health

Chandler, Arizona, United States

Remarkable Health is a provider of artificial intelligence (AI) technology and software solutions for behavioral health, substance use and human services organizations. Remarkable Health is based in Chandler, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 HealthPivots

Portland, Oregon, United States

HealthPivots is a market intelligence company that develops powerful, cloud-based tools powered by 100% of Medicare FFS claims data. HealthPivots was founded in 1985 and is based in Portland, Oregon.

Buy -

Seller(S) 1

SELLER

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 54 of 55
Sector (Software) 2 of 2
Type (Add-on Acquisition) 18 of 18
State (South Carolina) 1 of 1
Country (United States) 53 of 54
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 Star Autism Support

Portland, Oregon, United States

Star Autism Support is a provider of digital curriculum and training to K-12 school districts and agency staff who work with students with Autism Spectrum Disorders (“ASD”) and other developmental disabilities. Star Autism Support was founded in 1997 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-19 Blue Alliance

Cincinnati, Ohio, United States

Blue Alliance is an operator-led, growth platform that provides outsourced managed IT services to small, medium and enterprise clients in the healthcare, architectural & construction, education and manufacturing industries. Blue Alliance is based in Cincinnati, Ohio.

Buy -