M&A Deal Summary

PatientSafe Solutions Acquires Vree Health

On October 21, 2015, PatientSafe Solutions acquired information technology company Vree Health from Merck Sharp & Dohme B.V.

Acquisition Highlights
  • This is PatientSafe Solutions’ 1st transaction in the Information Technology sector.
  • This is PatientSafe Solutions’ 1st transaction in the United States.
  • This is PatientSafe Solutions’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2015-10-21
Target Vree Health
Sector Information Technology
Buyer(s) PatientSafe Solutions
Sellers(s) Merck Sharp & Dohme B.V.
Deal Type Divestiture

Target

Vree Health

Annandale, New Jersey, United States
Vree Health LLC is a provider of healthcare technology solutions.

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Buyer(S) 1

Buyer

PatientSafe Solutions

San Diego, California, United States

Category Company
Sector Software
DESCRIPTION

PatientSafe Solutions consolidates secure messages, voice calls, alerts, and nurse call notifications with data from the electronic medical record (EMR) to enable care teams to quickly manage mission-critical workflows in one mobile smartphone app. PatientSafe Solutions is based in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Merck Sharp & Dohme B.V.

Haarlem, Netherlands

Category Company
Founded 1954
Sector Medical Products
DESCRIPTION

Merck Sharp & Dohme B.V., a wholly owned subsidiary of Merck & Co., Inc. (NYSE:MRK). Merck Sharp & Dohme B.V provides medicines for diabetes, High blood pres pressure and rheumatic disease patients.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Saphris

United States

Saphris is approved by the U.S. Food and Drug Administration for the treatment of schizophrenia in adults, and for the acute treatment of manic or mixed episodes associated with bipolar I disorder in adults, as monotherapy or as adjunctive therapy with either lithium or valproate.

Sell $240M