M&A Deal Summary

RevSpring Acquires Apex Revenue Technologies

On September 11, 2018, RevSpring acquired information technology company Apex Revenue Technologies from WestView Capital Partners

Acquisition Highlights
  • This is RevSpring’s 1st transaction in the Information Technology sector.
  • This is RevSpring’s 3rd transaction in the United States.
  • This is RevSpring’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-09-11
Target Apex Revenue Technologies
Sector Information Technology
Buyer(s) RevSpring
Sellers(s) WestView Capital Partners
Deal Type Merger

Target

Apex Revenue Technologies

Saint Paul, Minnesota, United States
Apex Revenue Technologies is a provider of back-end revenue billing solutions. Apex provides a complete suite of billing cycle solutions, including electronic and paper statement processing, electronic document presentation solutions, and a feature-rich online payment offering.

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Buyer(S) 1

Buyer

RevSpring

Nashville, Tennessee, United States
Category Company
Founded 1997
Sector Information Technology
DESCRIPTION

RevSpring is a provider of multi-channel billing and communications solutions to the healthcare and financial services industries. The company helps customers accelerate revenue through an end-to-end platform of offerings that includes physical and electronic invoices, consumer payment portals, data cleansing solutions, and analytics tools that validate consumer identities and optimize engagement. It serves a diversified client base of approximately 2,000 health systems & hospitals, revenue cycle management providers, and financial services organizations. RevSpring was formed in 1997 and is based in Wixom, Michigan.

DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 1 of 2
Type (Merger) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-08 Talksoft

Hamilton, New Jersey, United States

Talksoft is a provider of cloud-based reminder and messaging services over telephone and global data networks. Talksoft's service based approach provides affordable solutions for businesses of any size by harnessing technologies once available only to large companies in niche markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Loyale Healthcare

Lafayette, California, United States

Loyale Healthcare LLC is a patient financial engagement technology platform leveraging a suite of configurable solution components including predictive analytics, intelligent workflows, multiple patient financing vehicles, communications, payments, digital front doors, and other key capabilities. Loyale Healthcare was established in 1990 and is based in Lafayette, California.

Buy -

Seller(S) 1

SELLER

WestView Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestView Capital Partners is a private equity firm focused on investing in lower middle-market companies. WestView looks to commit between $20 and $100 million in a variety of recapitalization, growth financing, buyout and consolidation transactions. Prospective companies generally exhibit consistent growth and financial performance as well as sustainable competitive advantages and market position. Sectors of interest include business services, industrial and manufacturing, distribution and logistics, consumer products and retail, healthcare services, environmental services, and media/publishing. The Firm's geographic preference is North America. WestView Capital Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 20 of 34
Sector (Information Technology) 4 of 9
Type (Merger) 1 of 1
State (Minnesota) 3 of 4
Country (United States) 20 of 34
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 AccountabilIT

Scottsdale, Arizona, United States

AccountabilIT is a provider of application management, database administration, cloud transformation and cloud managed services. AccountabilIT’s “Customer First” service delivery strategy is instrumental in leading the industry in customer satisfaction as measured by the Net Promoter score. AccountabilIT was founded in 2016 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 Phia Group

Canton, Massachusetts, United States

Phia Group is a provider of outsourced cost containment and payment integrity solutions for healthcare payers and the entities that service them. Through innovative technologies, legal expertise, and focused, flexible customer service the Company strives to maximize health benefits while reducing healthcare costs for plan administers and their beneficiaries. The Company’s tech-enabled, knowledgeable experts and service offering span the clinical, regulatory compliance, and reimbursement aspects of the claims and benefit administration process, including plan document drafting, subrogation and overpayment recovery, claim negotiation, plan defense and consulting services, all of which are designed to control costs and protect plan assets. Phia Group was formed in 1999 and is based in Canton, Massachusetts.

Buy -
Mergr

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