M&A Deal Summary

Omnicell Acquires FDS Amplicare

On July 26, 2021, Omnicell acquired software company FDS Amplicare from Harvey & Company and Calvert Street Capital Partners for 177M USD

Acquisition Highlights
  • This is Omnicell’s 1st transaction in the Software sector.
  • This is Omnicell’s 3rd largest (disclosed) transaction.
  • This is Omnicell’s 7th transaction in the United States.
  • This is Omnicell’s 2nd transaction in Texas.

M&A Deal Summary

Date 2021-07-26
Target FDS Amplicare
Sector Software
Buyer(s) Omnicell
Sellers(s) Harvey & Company
Calvert Street Capital Partners
Deal Type Add-on Acquisition
Deal Value 177M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Willkie Farr & Gallagher (Legal)

Target

FDS Amplicare

Fort Worth, Texas, United States
FDS Amplicare is a provider of software and technology-enabled data solutions to the healthcare services industry. FDS Amplicare provides health care data services including prescription claims routing, prescription claims reviews & edits, robust data warehousing, e-prescribing, online DME claims processing, claims reconciliation, claims management backend services, patient education programs, and revenue-enhancing programs. FDS Amplicare was founded in 2011 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Omnicell

Fort Worth, Texas, United States

Category Company
Founded 1992
Sector Information Technology
Employees3,590
Revenue 1.1B USD (2023)
DESCRIPTION
Omnicell's corporate headquarters in Mountain View, California.
Omnicell's corporate headquarters in Mountain View, California.

Omnicell is a supplier of comprehensive automation and business analytics software for patient-centric medication and supply management across the entire health care continuum—from the acute care hospital setting to post-acute skilled nursing and long-term care facilities to the home. Omnicell was founded in 1992 and is based in Fort Worth, Texas.


DEAL STATS #
Overall 11 of 13
Sector (Software) 1 of 1
Type (Add-on Acquisition) 8 of 10
State (Texas) 2 of 4
Country (United States) 7 of 9
Year (2021) 1 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 Pharmaceutical Strategies Group - 340B Software-Enabled Service Business

Plano, Texas, United States

Pharmaceutical Strategies Group LLC - 340B Software-Enabled Service Business provides a comprehensive and differentiated suite of software-enabled services and solutions used by certain eligible hospitals, health systems, clinics, and entities to manage compliance and capture 340B drug cost savings on outpatient prescriptions filled through the eligible entity’s pharmacy or a contracted pharmacy partner.

Buy $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 ReCept

Grapevine, Texas, United States

ReCept is a provider of specialty pharmacy management services for health systems, clinics, and physician groups. ReCept has developed a proprietary and turnkey implementation and management platform, leveraging industry best practices to help pharmacies achieve their full potential. ReCept was founded in 1978 and is based in Grapevine, Texas.

Buy $100M

Seller(S) 2

DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 33 of 35
Sector (Software) 1 of 1
Type (Add-on Acquisition) 18 of 18
State (Texas) 1 of 1
Country (United States) 32 of 34
Year (2021) 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Apps Associates

Acton, Massachusetts, United States

Apps Associates is a global IT and business services organization that provides solutions for Cloud, Analytics, and Integration. Apps Associates is a rapidly growing, IT services business that specializes in implementing, optimizing, and maintaining complex ERP, business intelligence, and cloud applications. Apps Associates was founded in 2002 and is based in Acton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Four State International Trucks

Joplin, Missouri, United States

Four State International Trucks is a specialty distributor of aftermarket parts for the heavy-duty truck industry, specializing in chrome accessories and collision repair parts. Four State International Trucks was founded in 1979 and is based in Joplin, Missouri.

Buy -
SELLER

Calvert Street Capital Partners

Lutherville, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 526M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Calvert Street Capital Partners (CSCP) is a private equity firm that invests in mid-sized companies. CSCP will consider opportunities across the US with a preference for opportunities located in the Eastern US. The Firm generally targets investments in scalable niche manufacturing, industrial, and business service companies. CSCP looks to invest $15 to $50 million per transaction. CSCP will not invest in start-ups, early stage venture capital, real estate or in companies that develop rapidly changing technology. Calvert Street Capital Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 10 of 11
Sector (Software) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Texas) 3 of 3
Country (United States) 9 of 10
Year (2021) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Group LMT

Longueuil, Quebec, Canada

Group LMT is a manufacturer of architectural steel doors and frames, as well as a value-added distributor of wood doors and hardware. LMT Group provides single-source building entry solutions to the non-residential construction industry in Northeastern Canada. Group LMT was founded in 1972 and is based in Longueuil, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-17 Machine Specialties

Whitsett, North Carolina, United States

Machine Specialties is a manufacturer of high-precision components for customers in the aerospace and defense, medical, packaging, and industrial industries. With a vast array of CNC milling, turning, grinding, finishing, and assembly capabilities complemented by engineering and prototyping services, MSI can handle the smallest components going into satellite and medical applications to very large parts such as landing gear for military cargo planes. Machine Specialties was founded in 1969 and is based in Whitsett, North Carolina.

Buy -