M&A Deal Summary

ResMed Acquires HEALTHCAREfirst

On May 29, 2018, ResMed acquired internet software and services company HEALTHCAREfirst from Pamlico Capital

Acquisition Highlights
  • This is ResMed’s 4th transaction in the Internet Software and Services sector.
  • This is ResMed’s 8th transaction in the United States.
  • This is ResMed’s 1st transaction in Missouri.

M&A Deal Summary

Date 2018-05-29
Target HEALTHCAREfirst
Sector Internet Software and Services
Buyer(s) ResMed
Sellers(s) Pamlico Capital
Deal Type Add-on Acquisition

Target

HEALTHCAREfirst

Springfield, Missouri, United States
HEALTHCAREfirst is a provider of SaaS solutions and services to home health and hospice agencies nationwide. HEALTHCAREfirst's solutions are web-based, providing critical patient information and management tools at the point of care. HEALTHCAREfirst was formed in 1992 and is based in Springfield, Missouri.

Search 201,771 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

ResMed

San Diego, California, United States

Category Company
Founded 1989
Sector Medical Products
Employees7,770
Revenue 4.2B USD (2023)
DESCRIPTION
Entrance to ResMed's corporate headquarters in San Diego, California.
Entrance to ResMed's corporate headquarters in San Diego, California.

ResMed is a developer, manufacturer, and marketer of medical devices and cloud-based software applications that diagnose, treat and manage respiratory disorders including sleep disordered breathing, or SDB, chronic obstructive pulmonary disease, or COPD, neuromuscular disease and other chronic diseases. ResMed's products and solutions are designed to improve patient quality of life, reduce the impact of chronic disease and lower healthcare costs as global healthcare systems continue to drive a shift in care from hospitals to the home and lower cost settings. ResMed's cloud-based software digital health applications, along with its devices are designed to provide connected care to improve patient outcomes and efficiencies for its customers. ResMed was founded in 1989 and is based in San Diego, California.


DEAL STATS #
Overall 16 of 22
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 15 of 21
State (Missouri) 1 of 1
Country (United States) 8 of 11
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 Brightree

Duluth, Georgia, United States

Brightree LLC is a provider of cloud-based software to improve clinical and business performance in the post-acute care industry.

Buy $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 MDI Achieve

Bloomington, Montana, United States

MDI Achieve, Inc. (MatrixCare) is a provider of software services to EHR for long-term care and senior living provider. MatrixCare is the complete solution for growing organizations that need to successfully manage risk in care delivery across the LTPAC spectrum. Trusted by more than 13,000 facility-based care settings and more than 2,500 home care, home health, and hospice organizations, MatrixCare’s solutions help ACOs, skilled nursing and senior living providers, life plan communities (CCRCs), and home health organizations to connect, collaborate and prosper as we migrate to a fee-for-value healthcare system. In addition to EHR components purpose-built for any LTPAC care-setting, MatrixCare also includes solutions to systematically increase clinical quality: Enterprise Analytics, robust Clinical Decision Support, and the industry’s first Care Coordination platform to create a true, person-centric, e-longitudinal health record and enable LTPAC providers to efficiently manage the populations under their care.

Buy $750M

Seller(S) 1

SELLER

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 44 of 61
Sector (Internet Software and Services) 4 of 6
Type (Add-on Acquisition) 22 of 32
State (Missouri) 2 of 2
Country (United States) 42 of 59
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Silverline

New York, New York, United States

Silverline is a pure-play Salesforce services partners, focused exclusively on helping clients deploy and manage Salesforce’s portfolio of products. With a focus on the financial services and healthcare verticals, Silverline has deep industry expertise and proprietary IP to provide differentiated and transformational solutions to its clients. Silverline was founded in 2009 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 TekLinks

Birmingham, Alabama, United States

TekLinks, Inc. is a provider of complex technology solutions and managed and cloud services to businesses throughout Alabama, Mississippi, Tennessee, and the Gulf South.

Sell -