M&A Deal Summary

SimiTree Healthcare Consulting Acquires Infinity Behavioral Health Services

On January 25, 2022, SimiTree Healthcare Consulting acquired information technology company Infinity Behavioral Health Services from Thompson Street Capital Partners and Northstar Capital

Acquisition Highlights
  • This is SimiTree Healthcare Consulting’s 1st transaction in the Information Technology sector.
  • This is SimiTree Healthcare Consulting’s 2nd transaction in the United States.
  • This is SimiTree Healthcare Consulting’s 2nd transaction in Florida.

M&A Deal Summary

Date 2022-01-25
Target Infinity Behavioral Health Services
Sector Information Technology
Buyer(s) SimiTree Healthcare Consulting
Sellers(s) Thompson Street Capital Partners
Northstar Capital
Deal Type Add-on Acquisition
Advisor(s) BMO Capital Markets (Financial)

Target

Infinity Behavioral Health Services

Lauderdale Lakes, Florida, United States
Infinity Behavioral Health Services is a provider of revenue cycle management services for the behavioral health industry. Infinity Behavioral Health Services is based in Lauderdale Lakes, Florida.

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Buyer(S) 1

Buyer

SimiTree Healthcare Consulting

Hamden, Connecticut, United States

Category Company
Sector Information Technology
DESCRIPTION

SimiTree Healthcare Consulting offers a suite of services, including outsourced billing, coding and revenue cycle management; executive recruiting, interim staffing and other talent solutions; guidance through mergers and acquisitions; sales consulting and education; and data analytics. SimiTree Healthcare Consulting is based in Hamden, Connecticut.


DEAL STATS #
Overall 2 of 4
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 2 of 4
State (Florida) 2 of 3
Country (United States) 2 of 4
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Imark Billing

Miami, Florida, United States

Imark Billing provides billing, coding, and consulting services to home health and hospice agencies nationwide. Imark Billing was founded in 2003 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-12 Afia

Ann Arbor, Michigan, United States

Afia works with behavioral health organizations, human service agencies, physician groups, health systems, and other medical practices to generate ideas, implement solutions. Afia was founded in 2007 and is based in Ann Arbor, Michigan.

Buy -

Seller(S) 2

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 40 of 47
Sector (Information Technology) 7 of 8
Type (Add-on Acquisition) 21 of 24
State (Florida) 1 of 1
Country (United States) 40 of 47
Year (2022) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Alpaca Audiology

Springfield, Missouri, United States

Alpaca Audiology is an audiology negotiating network designed to protect the profession and future of Audiology. The company was formed with the belief that clinics and their respective patients would benefit from collective purchasing power. By uniting, members of Alpaca have created the ability to obtain bottom line pricing while maintaining personal and professional integrity. Alpaca Audiology was founded in 2011 and is based in Springfield, Missouri.

Sell $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Len the Plumber

Baltimore, Maryland, United States

Len the Plumber is a residential services company with a specialization in plumbing and HVAC services, operating across the Mid-Atlantic and Southeast regions under six brands. The company provides professional, same-day service seven days a week, with technicians working around customer schedules, never charging extra for same-day, evening, or weekend appointments, and dispatched based on specialization. Len the Plumber was founded in 1996 and is based in Baltimore, Maryland.

Sell -
SELLER

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 68 of 80
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 23 of 27
State (Florida) 1 of 2
Country (United States) 66 of 76
Year (2022) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Alpaca Audiology

Springfield, Missouri, United States

Alpaca Audiology is an audiology negotiating network designed to protect the profession and future of Audiology. The company was formed with the belief that clinics and their respective patients would benefit from collective purchasing power. By uniting, members of Alpaca have created the ability to obtain bottom line pricing while maintaining personal and professional integrity. Alpaca Audiology was founded in 2011 and is based in Springfield, Missouri.

Sell $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Union Tractor

Nisku, Alberta, Canada

Union Tractor is a distributor of replacement parts for construction equipment in Western Canada. The Company currently distributes over 100,000 parts for construction equipment sourced from almost 2,000 active suppliers. Union Tractor operates from seven strategic locations throughout Alberta and British Columbia. Union Tractor was founded in 1927 and is based in Nisku, Alberta.

Sell -