M&A Deal Summary

ScribeAmerica Acquires ScribeAmerica

On January 9, 2017, ScribeAmerica acquired information technology company ScribeAmerica from Chicago Growth Partners and Vesey Street Capital Partners

Acquisition Highlights
  • This is ScribeAmerica’s 1st transaction in the Information Technology sector.
  • This is ScribeAmerica’s 1st transaction in the United States.
  • This is ScribeAmerica’s 1st transaction in Florida.

M&A Deal Summary

Date 2017-01-09
Target ScribeAmerica
Sector Information Technology
Buyer(s) ScribeAmerica
Sellers(s) Chicago Growth Partners
Vesey Street Capital Partners
Deal Type Consolidation

Target

ScribeAmerica

Aventura, Florida, United States
ScribeAmerica LLC is a provider of managed medical scribe services to the healthcare industry. ScribeAmerica offers turnkey professional medical scribe programs within which it recruits, qualifies, hires, trains, and manages scribes for a wide variety of medical settings.

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Buyer(S) 1

Buyer

ScribeAmerica

Fort Lauderdale, Florida, United States

Category Company
Sector Healthcare Services
DESCRIPTION

ScribeAmerica is a group of three distinct, highly specialized companies improving productivity, patient satisfaction, and quality of care. It is comprised of three highly specialized companies which collectively meet the full range of increasingly complex healthcare data and documentation needs, improving clinical outcomes through highly-skilled clerical support. ScribeAmerica is based in Fort Lauderdale, Florida.


DEAL STATS #
Overall 1 of 2
Sector: Information Technology M&A 1 of 1
Type: Consolidation M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2017 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-06 Elite Medical Scribes

Bloomington, Minnesota, United States

Elite Medical Scribes is a provider of quality medical scribe services for healthcare systems, physicians groups, and independent practices. Elite Medical Scribes was established in 2008 and is based in Bloomington. Minnesota.

Buy -

Seller(S) 2

SELLER

Chicago Growth Partners

Chicago, Illinois, United States

Category Growth Capital Firm
Founded 2004
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Chicago Growth Partners LLC (CGP) was a Chicago-based based private equity firm that provided expansion and buyout capital to middle-market companies generating sales of $15 to $150 million. CGP sought to invest in business services, consumer services, healthcare products/services, and industrial companies. CGP was formed in 2004 as a spin-off of William Blair Capital Partners, the investment group of investment bank William Blair. In 2014, the Firm ceased operations.


DEAL STATS #
Overall 30 of 34
Sector: Information Technology M&A 4 of 4
Type: Consolidation M&A Deals 4 of 4
State: Florida M&A 1 of 1
Country: United States M&A 27 of 31
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 FineLine Technologies

Norcross, Georgia, United States

FineLine Technologies provides customizable branded, barcoded, and RFID integrated labels, tags and badges for supply chain, omnichannel fulfillment, POS, access control, and consumer engagement needs. FineLine produces billions of tickets annually, processing data quickly and securely, printing high-quality graphics and scannable barcodes, encoding UHF and HF RFID, with global delivery within six business days, and online tracking, order detail, and analytics to help our customers manage their business. FineLine Technologies was founded in 1998 and is based in Norcross, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 2Checkout

Columbus, Ohio, United States

2Checkout is a global payment processor that allows companies to accept online and mobile payments from buyers worldwide with localized payment options. 2Checkout was established in 2000 and is headquartered in Columbus, Ohio.

Sell -
SELLER
DESCRIPTION

Vesey Street Capital Partners is a specialist private equity firm focused on the healthcare sector. Vesey Street specializes in middle-market buyouts and growth equity investments, and seeks companies with $10 to $20 million of EBITDA. Target businesses generally exhibit strong cash flow characteristics that create value for hospitals and physicians by enhancing efficiency, improving quality, reducing costs, and expanding revenues. Vesey Street Capital Partners was formed in 2014 and is based in New York, New York.


DEAL STATS #
Overall 1 of 5
Sector: Information Technology M&A 1 of 1
Type: Consolidation M&A Deals 1 of 2
State: Florida M&A 1 of 2
Country: United States M&A 1 of 5
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 ScribeAmerica

Fort Lauderdale, Florida, United States

ScribeAmerica is a group of three distinct, highly specialized companies improving productivity, patient satisfaction, and quality of care. It is comprised of three highly specialized companies which collectively meet the full range of increasingly complex healthcare data and documentation needs, improving clinical outcomes through highly-skilled clerical support. ScribeAmerica is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 Expion Health

Gaithersburg, Maryland, United States

Expion Health provides industry-unique, cost-containment technology and solutions to the healthcare industry. Expion Health's mission is to assist healthcare payers to achieve their financial objectives by delivering innovative, client-specific, cost-containment solutions. Expion Health was founded in 1990 and is based in Gaithersburg, Maryland.

Buy -