M&A Deal Summary

Netsmart Acquires Remarkable Health

On December 2, 2021, Netsmart acquired software company Remarkable Health

Acquisition Highlights
  • This is Netsmart’s 5th transaction in the Software sector.
  • This is Netsmart’s 14th transaction in the United States.
  • This is Netsmart’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2021-12-02
Target Remarkable Health
Sector Software
Buyer(s) Netsmart
Deal Type Add-on Acquisition
Advisor(s) D.A. Davidson (Financial)
Goodwin Procter (Legal)

Target

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.

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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 14 of 16
Sector (Software) 5 of 6
Type (Add-on Acquisition) 12 of 14
State (Arizona) 2 of 2
Country (United States) 14 of 16
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 SimpleLTC

Richardson, Texas, United States

SimpleLTC is a data analytics software company that simplifies regulatory compliance, reimbursement optimization, and quality measurement for post-acute care healthcare. Specialties include predictive MDS and quality measures analytics, MDS workflow and reporting, PBJ compliance, and state-specific Medicaid and reimbursement solutions. SimpleLTC is based in Richardson, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-05 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.

Buy -
Mergr

Product

Company

Legal