Add-on Acquisition • Software

PointClickCare Acquires COMS Interactive

On October 8, 2018, PointClickCare acquired software company COMS Interactive from Summit Partners and Next Sparc Growth Partners

Acquisition Context
  • This is PointClickCare’s 1st transaction in the Software sector.
  • This is PointClickCare’s 2nd transaction in the United States.
  • This is PointClickCare’s 2nd transaction in Ohio.

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M&A Deal Summary

Date October 8, 2018
Target COMS Interactive
Sector Software
Buyer(s) PointClickCare
Sellers(s) Summit Partners
Next Sparc Growth Partners
Deal Type Add-on Acquisition

Target Company

COMS Interactive

Hudson, Ohio, United States
COMS Interactive LLC offers software solutions that help healthcare facilities more effectively treat and monitor their patient population. The company’s software dramatically reduces hospital readmissions, improves patient quality of life, enhances communication among providers, and reduces payer costs. COMS Interactive was founded in 2009 and is based in Hudson, Ohio.
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Buyer Overview 1

Buyer

PointClickCare

Mississauga, Ontario, Canada

Category Company
Founded 2000
Sector Internet Software and Services
DESCRIPTION

PointClickCare is an electronic health record (EHR) platform for the long-term and post-acute care industry. PointClickCare offers a portfolio of cloud-based software and services designed from the ground up to help providers manage the complex requirements of senior care. PointClickCare was founded in 2000 and is based in Mississauga, Ontario.


Deal Context for Buyer #
Overall 2 of 7
Sector: Software 1 of 2
Type: Add-on Acquisition 1 of 4
State: Ohio 2 of 2
Country: United States 2 of 7
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-08 Accu-Med Services

Milford, Ohio, United States

Accu-­Med Technology Solutions (Accu-Med Services, LLC), provider of integrated information solutions for healthcare and wellness providers of the elderly

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 Consonus Copilot

Oregon, United States

Consonus Copilot is a robust analytics solution that provides customers with expanded capabilities to optimize their performance through data analytics, ultimately resulting in higher quality outcomes, which are of critical importance in an increasingly competitive value-based care reality. Consonus Copilot is based in Oregon.

Buy -

Seller Profiles 2

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


Deal Context for Seller #
Overall 231 of 298
Sector: Software 42 of 55
Type: Add-on Acquisition 102 of 134
State: Ohio 5 of 6
Country: United States 208 of 258
Year: 2018 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Paradigm Outcomes

Walnut Creek, California, United States

Paradigm Outcomes is a provider of managed care services for persons with catastrophic injuries from the workplace. Paradigm, through its proprietary databases, processes and medical network, achieves improved outcomes for injured workers as well as significant savings for insurers and other parties involved in their care. Paradigm Outcomes was founded in 1991 and is based in Walnut Creek, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 FNZ Group

London, United Kingdom

FNZ Group is a global platform-as-a-service provider, transforming the way financial institutions serve their wealth management customers. FNZ Group partners with banks, insurers and asset managers to help consumers better achieve their financial goals. FNZ's technology, transaction and custody services enable their clients to provide best-in-class wealth management solutions to financial advisers, end-investors and the workplace that are efficient, flexible, transparent and scalable, supporting market, demographic and regulatory trends worldwide. FNZ Group was founded in 2004 and is based in London, United Kingdom.

Buy £1.7B
DESCRIPTION

Next?Sparc Growth Partners is a founder-focused, family-backed investment firm focused on growth-oriented investments across the US. The Firm will consider businesses with $1 to $75 million of revenue and $1 to $15 million of EBITDA. Sectors of interest include consumer, business services, technology, industrials, and business services. Next Sparc Growth Partners was founded in 2009 and is based in Chagrin?Falls, Ohio.


Deal Context for Seller #
Overall 1 of 3
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 3
State: Ohio 1 of 1
Country: United States 1 of 3
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Vitalia

Saint Charles, Missouri, United States

Vitalia is a colorful spectrum of age-targeted lifestyle communities offering a range of living options from 55+ villas and independent living to assisted living and memory care. Vitalia is based in Saint Charles, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Zilker Technology

Austin, Texas, United States

Zilker Technology is a digital consultancy and systems integrator focused on creating lasting and valuable customer experiences, with deep sector experience in consumer products, health care, financial services, energy, and utilities. Zilker Technology was formed in 2014 and is based in Austin, Texas.

Buy -