M&A Deal Summary

ProxyMed Acquires PlanVista

On March 1, 2004, ProxyMed acquired business services company PlanVista from HealthEdge Investment Partners

Acquisition Highlights
  • This is ProxyMed’s 1st transaction in the Business Services sector.
  • This is ProxyMed’s 1st transaction in the United States.
  • This is ProxyMed’s 1st transaction in Florida.

M&A Deal Summary
Date 2004-03-01
Target PlanVista
Sector Business Services
Buyer(s) ProxyMed
Sellers(s) HealthEdge Investment Partners
Deal Type Add-on Acquisition

Target

PlanVista

Tampa, Florida, United States
PlanVista Corporation provides medical cost containment and business process outsourcing solutions, including claims repricing services, for the medical insurance and managed care industries as well as services for healthcare providers, including individual providers, preferred provider organizations and other provider groups.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

ProxyMed

Norcross, Georgia, United States
Category Company
Sector Healthcare Services
DESCRIPTION

ProxyMed, Inc. is a provides medical cost-containment solutions services.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1

Seller(S) 1

SELLER

HealthEdge Investment Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

HealthEdge Investment Partners is an operating-oriented private equity firm that targets the healthcare industry. The firm pursues buyouts, recapitalizations or structured investments in healthcare companies with a strong market share. HealthEdge targets businesses with enterprise value ranging between $10 million and $100 million, and with revenues ranging between $5 million and $75 million. Moreover, the firm looks for companies with EBITDA near $15 million. The firm typically commits between $5 million to $20 million of capital per company. HealthEdge focuses on the healthcare segments that involve medical products, devices and equipment, healthcare services, healthcare IT, pharmaceutical, and distribution. HealthEdge Investment Partners was founded in 2005 and is based in Tampa, Florida.

DEAL STATS #
Overall 2 of 17
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 2 of 11
State (Florida) 1 of 5
Country (United States) 2 of 17
Year (2004) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 National Medical Health Card Systems

Port Washington, New York, United States

National Medical Health Card Systems, Inc. is one of the nations leading providers of pharmacy benefit management services. Established in 1981, the Company has a particular emphasis on the small and middle market customer segment, with notable strengths in the areas of customer service, cost containment and fair reporting.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-30 Horizon Medical Products

Manchester, Georgia, United States

Horizon Medical Products, Inc. is a specialty medical device company that manufactures and markets vascular access prod- ucts.

Sell -
Mergr

Product

Company

Legal