M&A Deal Summary

PatientMatters Acquires Kramer Technologies

On January 1, 2012, PatientMatters acquired software company Kramer Technologies from Diamond State Ventures

Acquisition Highlights
  • This is PatientMatters’ 1st transaction in the Software sector.
  • This is PatientMatters’ 1st transaction in the United States.
  • This is PatientMatters’ 1st transaction in Florida.

M&A Deal Summary

Date 2012-01-01
Target Kramer Technologies
Sector Software
Buyer(s) PatientMatters
Sellers(s) Diamond State Ventures
Deal Type Add-on Acquisition

Target

Kramer Technologies

Orlando, Florida, United States
Developer of web-based technology used by healthcare institutions and large practice clinics to boost revenue cycle efficiency by improving the accuracy and quality of front-end admissions and billing information processes.

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Buyer(S) 1

Buyer

PatientMatters

Orlando, Florida, United States

Category Company
Founded 2012
Sector Healthcare Services
DESCRIPTION

PatientMatters provides a technology-enabled, managed services offering that assists healthcare providers with the identification and management of the self-pay portion of accounts receivable. The company provides a solution for healthcare institutions that are struggling to address the dramatic change in the composition of their accounts receivable caused by the shift to high deductible health plans and higher co-payments. PatientMatters was formed in 2012 and is based in Orlando, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

Diamond State Ventures

Little Rock, Arkansas, United States

Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Diamond State Ventures (DSV) is a private equity and venture capital firm focused on small and lower middle-market company investments in Arkansas, as well as the Midwest and Southeast US. DSV looks to commit $1 to $5 million per investment, which can take the form of subordinated debt, preferred equity or a combination of the two. Prospective transaction situations include growth capital financings, management buyouts, family successions, recapitalizations, and early stage investments. Sectors of interest include niche manufacturing, business services, media, consumer products and services, education, healthcare, and technology. DSV will not invest in seed or startup companies. Diamond State Ventures is based in Little Rock.


DEAL STATS #
Overall 3 of 15
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 11
State: Florida M&A 1 of 4
Country: United States M&A 3 of 15
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-09 Treadyway Electric Co.

Little Rock, Arizona, United States

Treadway Electric Company, Inc. distributes electrical supplies to commercial, industrial, residential, utility, government, telecommunications, and poultry processing industries in Arkansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 Domaille Engineering

Rochester, Minnesota, United States

Domaille Engineering is a provider of polishing machines and fixtures, inspection equipment and associated engineered products for the fiber-optic cable market. The company also engineers and manufactures complex, mission-critical products for the defense, aerospace, national security, telecommunications, energy and medical sectors. Domaille Engineering was founded in 1990 and is based in Rochester, Minnesota.

Buy -