M&A Deal Summary

Picis Acquires LYNX Medical Systems

On August 13, 2007, Picis acquired healthcare services company LYNX Medical Systems from Francisco Partners for 155M USD

Acquisition Highlights
  • This is Picis’ 1st transaction in the Healthcare Services sector.
  • This is Picis’ largest (disclosed) transaction.
  • This is Picis’ 1st transaction in the United States.
  • This is Picis’ 1st transaction in Washington.

M&A Deal Summary
Date 2007-08-13
Target LYNX Medical Systems
Sector Healthcare Services
Buyer(s) Picis
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition
Deal Value 155M USD

Target

LYNX Medical Systems

Bellevue, Washington, United States
LYNX Medical Systems is a provider of revenue management and integrated healthcare documentation solutions and services. The Company assists healthcare organizations by addressing revenue cycle management issues through improved documentation, appropriate code assignment and valuable data analysis tools. LYNX’s software products and services streamline processes, promote efficiency, protect revenue and reduce costs by facilitating the exchange of information while enhancing the clinical care process.

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Buyer(S) 1

Buyer

Picis

Wakefield, Massachusetts, United States
Category Company
Founded 1973
Sector Information Technology
Employees440
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 8 of 81
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 4 of 49
State (Washington) 1 of 4
Country (United States) 8 of 67
Year (2007) 3 of 4
Size (of disclosed) 23 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-07 Dextrys

Newburyport, Massachusetts, United States

Dextrys, Inc. is a provider of software services through a comprehensive global delivery model that combines world-class, industry-certified offshore development centers (ODCs) in Suzhou and Shanghai, China, with superior onsite project management, architecture and business development capabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Specific Media

Irvine, California, United States

Specific Media is the independent online advertising network, using targeting technologies that enable top corporations to reach specific target audiences on the Web.

Buy -
Mergr

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