M&A Deal Summary

Securus Technologies Acquires PHD Medical - Corrections Telemedicine Assets

On December 1, 2016, Securus Technologies acquired technology hardware company PHD Medical - Corrections Telemedicine Assets from PHD Medical

Acquisition Highlights
  • This is Securus Technologies’ 1st transaction in the Technology Hardware sector.
  • This is Securus Technologies’ 2nd transaction in Canada.
  • This is Securus Technologies’ 2nd transaction in Quebec.

M&A Deal Summary

Date 2016-12-01
Target PHD Medical - Corrections Telemedicine Assets
Sector Technology Hardware
Buyer(s) Securus Technologies
Sellers(s) PHD Medical
Deal Type Divestiture

Target

PHD Medical - Corrections Telemedicine Assets

Quebec, Canada
PHD Medical, Inc. - Corrections Telemedicine Assets includes telemedicine hardware, software, management and development assets.

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Buyer(S) 1

Buyer

Securus Technologies

Dallas, Texas, United States

Category Company
Founded 1986
Sector Communications
DESCRIPTION

Securus Technologies is a provider of specialized telecommunications products and services, including security-enhanced call processing, call validation and billing for the corrections communications marketplace. Securus Technologies was founded in 1986 and is based in Dallas, Texas.


DEAL STATS #
Overall 8 of 9
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 2 of 2
Country (Canada) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Guarded Exchange

Jefferson City, Missouri, United States

Guarded Exchange LLC is a developer of software tools for the corrections industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 GovPayNet

Indianapolis, Indiana, United States

GovPayNet is a provider of payment processing services for court fines and costs; cash bail; traffic, speeding and parking violations; and real estate and property tax payments. GovPayNet was founded in 1997 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

PHD Medical

Quebec, Canada

Category Company
Sector Technology Hardware
DESCRIPTION

PHD Medical, Inc. is a provider of proprietary hardware and software to move medicine out of the hospital and into the home.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1