M&A Deal Summary

Strata Decision Technology Acquires EPSi

On July 30, 2020, Strata Decision Technology acquired information technology company EPSi from Veradigm for 365M USD

Acquisition Highlights
  • This is Strata Decision Technology’s 1st transaction in the Information Technology sector.
  • This is Strata Decision Technology’s largest (disclosed) transaction.
  • This is Strata Decision Technology’s 1st transaction in the United States.
  • This is Strata Decision Technology’s 1st transaction in Missouri.

M&A Deal Summary

Date 2020-07-30
Target EPSi
Sector Information Technology
Buyer(s) Strata Decision Technology
Sellers(s) Veradigm
Deal Type Divestiture
Deal Value 365M USD

Target

EPSi

Chesterfield, Missouri, United States
EPSi is a provider of financial decision support and planning tools for hospitals and health systems.

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Buyer(S) 1

Buyer

Strata Decision Technology

Champaign, Illinois, United States

Category Company
Founded 1996
Sector Software
DESCRIPTION

Strata Decision Technology develops, markets and implements web-based financial analytics and performance management software tools used primarily by U.S. hospitals and healthcare systems to enhance their financial planning, budgeting, and reporting processes.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Veradigm

Chicago, Illinois, United States

Category Company
Founded 1986
Sector Information Technology
Employees8,000
Revenue 1.5B USD (2021)
DESCRIPTION

Veradigm is a provider of healthcare information technology solutions that advance clinical, financial and operational results. Veradigm was incorporated in 1986 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 6
Sector (Information Technology) 3 of 4
Type (Divestiture) 3 of 6
State (Missouri) 1 of 1
Country (United States) 3 of 6
Year (2020) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 HealthGrid

Orlando, Florida, United States

HealthGrid Holding Co. is a mobile, enterprise patient engagement solution that has helped independent providers, hospitals and health systems to dramatically improve patient interactions and satisfaction. The growing adoption of value-based care combined with the modest level of usage of patient portals across the healthcare industry (as low as 30% in hospital-owned practices, and 10-15% in physician-owned practices) has made it critical for health IT to bring an enhanced approach to patient-engagement solution design.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 CarePort Health

Boston, Massachusetts, United States

CarePort Health is a care coordination network with thousands of providers connected across the U.S. The end-to-end platform bridges acute and post-acute EHR data, providing visibility into the entire patient journey for providers, physicians, payers and ACOs. With CarePort, healthcare professionals can efficiently and effectively coordinate patient care to better track and manage patients as they move through the continuum. CarePort Health was established in 2012 and is based in Boston, Massachusetts.

Sell -