M&A Deal Summary

Optum Acquires Caremedic Systems

On November 10, 2009, Optum acquired information technology company Caremedic Systems from Health Enterprise Partners

Acquisition Highlights
  • This is Optum’s 2nd transaction in the Information Technology sector.
  • This is Optum’s 5th transaction in the United States.
  • This is Optum’s 1st transaction in Florida.

M&A Deal Summary

Date 2009-11-10
Target Caremedic Systems
Sector Information Technology
Buyer(s) Optum
Sellers(s) Health Enterprise Partners
Deal Type Add-on Acquisition
Advisor(s) Triple Tree LLC (Financial)

Target

Caremedic Systems

St. Petersburg, Florida, United States
CareMedic provides enterprise class solutions that streamline cash flow and speed the reimbursement process for hospitals and health systems, helping customers manage the complexity of the revenue cycle to increase their bottom lines. In 1997, CareMedic launched its flagship product, providing its customers with real-time direct entry to Medicare.

Search 201,429 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Optum

Eden Prairie, Minnesota, United States

Category Company
Founded 1996
Sector Healthcare Services
DESCRIPTION

Optum offers health care services through information and technology to organizations that rely on them. Optum innovative products, services, and consulting to improve the delivery and operations of their business. Optum was founded in 1996 and is based in Eden Prairie, Minnesota.


DEAL STATS #
Overall 5 of 10
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 5 of 10
State (Florida) 1 of 1
Country (United States) 5 of 10
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-01 AIM Healthcare Services

Franklin, Tennessee, United States

AIM Healthcare Services, Inc. provides claims management services for government and commercial payers of health care benefits and health care providers in the United States. It provides claims resolution and health information management services, as well as on-site audits for health insurance companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-22 Picis

Wakefield, Massachusetts, United States

Picis is a provider of information solutions that enable rapid and sustained delivery of clinical, financial and operational results in the high-acuity care areas of the hospital. These high-acuity areas include the emergency department, operating and recovery rooms, and intensive care units.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 3 of 23
Sector (Information Technology) 1 of 7
Type (Add-on Acquisition) 2 of 19
State (Florida) 2 of 2
Country (United States) 3 of 23
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-31 Passport Health Communications

Franklin, Tennessee, United States

Passport Health Communications, Inc. (Formerly InterMed LLC) provides a comprehensive suite of administrative, clinical and financial solutions to improve the efficiency and accuracy of the revenue cycle process for more than 5,300 hospitals, physician practices and other healthcare providers.

Buy $232M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 MobileMD

Warminster, Pennsylvania, United States

MobileMD, Inc. provides a managed service health information exchange (HIE) that enables the direct connection and exchange of administrative and clinical information between hospitals and physicians via a SaaS platform.

Buy -