M&A Deal Summary

Passport Health Communications Acquires Data Systems Group

On January 7, 2013, Passport Health Communications acquired internet software and services company Data Systems Group

Acquisition Highlights
  • This is Passport Health Communications’ 1st transaction in the Internet Software and Services sector.
  • This is Passport Health Communications’ 2nd transaction in the United States.
  • This is Passport Health Communications’ 1st transaction in California.

M&A Deal Summary

Date 2013-01-07
Target Data Systems Group
Sector Internet Software and Services
Buyer(s) Passport Health Communications
Deal Type Add-on Acquisition

Target

Data Systems Group

Sacramento, California, United States
Data Systems Group, a California-based provider of direct revenue cycle software solutions.

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Buyer(S) 1

Buyer

Passport Health Communications

Franklin, Tennessee, United States

Category Company
Founded 1996
Sector Healthcare Services
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 STAT Technologies

Golden Valley, Minnesota, United States

Founded in 1999, STAT Technologies was among the first healthcare technology companies to develop solutions for enterprise scheduling and offers one of the only systems for managing schedules across outpatient, inpatient and surgery areas.

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