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.

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Buyer(S) 1

Buyer

ResMed

San Diego, California, United States

Category Company
Founded 1989
Sector Medical Products
Employees7,770
Revenue 4.7B USD (2024)
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 23
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 15 of 22
State: Missouri M&A 1 of 1
Country: United States M&A 8 of 12
Year: 2018 M&A 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 MatrixCare

Bloomington, Minnesota, United States

MatrixCare enables long-term, post-acute care (LTPAC) organizations to provide better health outcomes for seniors while successfully managing risk in out-of-hospital care delivery. MatrixCare is trusted by thousands of senior living, skilled nursing, and accountable care organizations; life plan communities; and private-duty, home health, and hospice agencies. MatrixCare’s active care management platform helps providers connect and collaborate to keep America’s seniors healthy and optimize outcomes for 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 M&A 4 of 6
Type: Add-on Acquisition M&A Deals 22 of 32
State: Missouri M&A 2 of 2
Country: United States M&A 42 of 59
Year: 2018 M&A 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 -