Recapitalization • Business Services

Origin Healthcare Solutions Acquires Ssimed

On January 1, 2009, Origin Healthcare Solutions acquired business services company Ssimed from SE Capital

Acquisition Context
  • This is Origin Healthcare Solutions’ 1st transaction in the Business Services sector.
  • This is Origin Healthcare Solutions’ 1st transaction in the United States.
  • This is Origin Healthcare Solutions’ 1st transaction in Connecticut.

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M&A Deal Summary

Date January 1, 2009
Target Ssimed
Sector Business Services
Buyer(s) Origin Healthcare Solutions
Sellers(s) SE Capital
Deal Type Recapitalization

Target Company

Ssimed

Windsor, Connecticut, United States
A regional provider of integrated billing systems and comprehensive services to private practices, large specialty groups and hospital-based practices. The Company currently serves more than 2,000 physicians. SSIMED’s solutions include billing, electronic medical records, scheduling, collections, e-prescribing, document management, lab ordering and centralized claims processing systems as well as revenue cycle management services.
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Buyer Overview 1

Buyer

Origin Healthcare Solutions

Chicago, Illinois, United States

Category Company
Founded 1991
Sector Business Services
DESCRIPTION

Origin Healthcare Solutions LLC is a provider of healthcare revenue cycle management solutions as well as business and clinical intelligence systems to office-based and hospital-based physician practices.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Recapitalization 1 of 1
State: Connecticut 1 of 1
Country: United States 1 of 1
Year: 2009 1 of 1

Seller Profile 1

SELLER

SE Capital

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

SE Capital is a private investment firm that looks to partner with management teams in acquiring small to mid-sized businesses. Targeted companies typically have revenues of $15 to $100 million and operate in the business process outsourcing, consulting/IT, healthcare, insurance services, and intelligence/defense sectors. The Firm primarily purses management-assisted buyouts, but will also consider later-stage growth situations. SE Capital was formed in 2001 and is based in Chicago.


Deal Context for Seller #
Overall 4 of 6
Sector: Business Services 1 of 2
Type: Recapitalization 1 of 1
State: Connecticut 1 of 1
Country: United States 3 of 5
Year: 2009 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 MVDconnect

Mason, Ohio, United States

MVDconnect is a provider of converged voice and data network solutions for businesses of all sizes. MVDconnect provides a wide range of equipment solutions, professional services, consulting, managed services, financial services, and asset management solutions for its customers. MVDconnect was founded in 1992 and is based in Mason, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-01 Origin Healthcare Solutions

Chicago, Illinois, United States

Origin Healthcare Solutions LLC is a provider of healthcare revenue cycle management solutions as well as business and clinical intelligence systems to office-based and hospital-based physician practices.

Buy -