M&A Deal Summary

New Mountain Capital Acquires Emids Technologies

On September 26, 2019, private equity firm New Mountain Capital acquired information technology company Emids Technologies from Council Capital

Acquisition Highlights
  • This is New Mountain Capital’s 11th transaction in the Information Technology sector.
  • This is New Mountain Capital’s 56th transaction in the United States.
  • This is New Mountain Capital’s 2nd transaction in Tennessee.

M&A Deal Summary

Date 2019-09-26
Target Emids Technologies
Sector Information Technology
Buyer(s) New Mountain Capital
Sellers(s) Council Capital
Deal Type Secondary Buyout

Target

Emids Technologies

Franklin, Tennessee, United States
Emids Technologies is a global provider of healthcare technology expertise and consulting services and solutions that serve payers, providers and tech enablers. Emids helps bridge the critical gaps in accessible, affordable, high-quality healthcare by providing advisory consulting services, custom application development, and data solutions. Services include EHR application deployment and management, analytics, data integration and governance, software development and testing, and business intelligence. Emids Technologies was founded in 1999 and is based in Franklin, Tennessee.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.


DEAL STATS #
Overall 60 of 103
Sector: Information Technology M&A 11 of 18
Type: Secondary Buyout M&A Deals 22 of 39
State: Tennessee M&A 2 of 2
Country: United States M&A 56 of 98
Year: 2019 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Convey

Fort Lauderdale, Florida, United States

Convey is a specialized healthcare technology and business process outsourcing firm that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics. Convey was founded in 2003 and is based in Fort Lauderdale, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-13 Horizon Services

Wilmington, Delaware, United States

Horizon Services is a provider of essential HVAC, plumbing, and electrical home services in the eastern United States. Horizon Services was founded in 1987 and is based in Wilmington, Delaware.

Buy -

Seller(S) 1

SELLER

Council Capital

Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Council Capital is a private equity firm focused on investing in lower-middle market healthcare services and healthcare IT businesses across the US. The Firm targets control and minority investments in companies with growth potential, EBITDA up to $15 million, and between $5 and $50 million in revenue. Council Capital was founded in 2000 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 12 of 14
Sector: Information Technology M&A 2 of 2
Type: Secondary Buyout M&A Deals 5 of 5
State: Tennessee M&A 3 of 3
Country: United States M&A 12 of 14
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-14 Advanced Care Partners

Atlanta, Georgia, United States

Advanced Care Partners is a Pediatric and Adult Private Duty Nursing Company that employs RN's, LPN's and CNA's to care for medically fragile children and adults in the comfort of their own homes or schools. Advanced Care Partners was formed in 2010 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Physician Housecalls

Chickasha, Oklahoma, United States

Physician Housecalls provides home-based primary care services at private residences, assisted living centers, and independent senior apartments. The company employs teams of physicians, nurse practitioners, and physician assistants who provide comprehensive, compassionate, and tailored medical care to homebound patients who are most often geriatric and/or chronically ill. In addition to primary care provided both in-person and virtual visits via telehealth, Physician Housecalls offers annual wellness visits, chronic care management, care plan oversight, transitional care management, cognitive assessments, and behavioral health integration. Physician Housecalls was formed in 2012 and is based in Chickasha, Oklahoma.

Buy -