Add-on Acquisition • Information Technology

StoneBridge Healthcare Acquires Care New England Health System

On December 7, 2020, StoneBridge Healthcare acquired information technology company Care New England Health System

Acquisition Context
  • This is StoneBridge Healthcare’s 1st transaction in the Information Technology sector.
  • This is StoneBridge Healthcare’s 2nd transaction in the United States.
  • This is StoneBridge Healthcare’s 1st transaction in Rhode Island.

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M&A Deal Summary

Date December 7, 2020
Target Care New England Health System
Sector Information Technology
Buyer(s) StoneBridge Healthcare
Deal Type Add-on Acquisition

Target Company

Care New England Health System

Providence, Rhode Island, United States
Care New England Health System is a provider of IT services to Health care industry. Care New England Health System is based in Providence, Rhode Island.
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Buyer Overview 1

Buyer

StoneBridge Healthcare

Lahaska, Pennsylvania, United States

Category Company
Sector Business Services
DESCRIPTION

StoneBridge Healthcare LLC is an innovative company formed to buy, save, and turn around deeply distressed hospitals in the cities and suburbs of America. StoneBridge is capitalized through a multi-layered composite finance group that includes nationally known debt and equity sources. StoneBridge Healthcare features a nationally recognized team of experts in healthcare operations, finance, acquisitions, and turnarounds.


Deal Context for Buyer #
Overall 2 of 2
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 2 of 2
State: Rhode Island 1 of 1
Country: United States 2 of 2
Year: 2020 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-26 Erlanger Health System

Chattanooga, Tennessee, United States

Erlanger Health System is a well-respected health care system and provides outstanding care to area residents.

Buy -