M&A Deal Summary

ProVation Medical Acquires iProcedures

On May 4, 2021, ProVation Medical acquired internet software and services company iProcedures

Acquisition Highlights
  • This is ProVation Medical’s 1st transaction in the Internet Software and Services sector.
  • This is ProVation Medical’s 3rd transaction in the United States.
  • This is ProVation Medical’s 1st transaction in Florida.

M&A Deal Summary

Date 2021-05-04
Target iProcedures
Sector Internet Software and Services
Buyer(s) ProVation Medical
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Trenam (Legal)

Target

iProcedures

Tampa, Florida, United States
iProcedures is a provider of cloud-based anesthesia documentation and perioperative data management software solutions. The company delivers innovative solutions to fill critical gaps in electronic perioperative documentation, which enables users to collect, share and analyze the critical data necessary to improve overall performance. Its Anesthesia Information Management System (AIMS) is a cloud-based, mobile solution that was designed from the ground up by practicing anesthesiologists to improve documentation, OR efficiency, patient safety, and medication management. iProcedures is based in Tampa, Florida.

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Buyer(S) 1

Buyer

ProVation Medical

Minneapolis, Minnesota, United States

Category Company
Founded 1994
Sector Internet Software and Services
Revenue 65M EUR (2016)
DESCRIPTION

ProVation Medical is a provider of healthcare software and SaaS solutions for clinical productivity, care coordination, quality reporting, and billing. ProVation Medical solutions are proven to improve clinical workflows, staff satisfaction, and the patient experience. ProVation Medical was founded in 1994 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Florida M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-16 ePreop

Seal Beach, California, United States

ePreop improves patient safety and outcomes by simplifying the entire surgical encounter. ePreop offers two software platforms: SurgicalValet and AnesthesiaValet. These modular SaaS solutions are accessed as an integrated extension of nearly every major surgical EHR on the market today. The HIPAA compliant tools can also be used on mobile phones, tablets, or desktops. ePreop was formed in 2008 and is based in Seal Beach, California.

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