M&A Deal Summary

Stratus Video Interpreting Acquires InDemand Interpreting

On May 23, 2019, Stratus Video Interpreting acquired internet software and services company InDemand Interpreting from Health Enterprise Partners

Acquisition Highlights
  • This is Stratus Video Interpreting’s 2nd transaction in the Internet Software and Services sector.
  • This is Stratus Video Interpreting’s 3rd transaction in the United States.
  • This is Stratus Video Interpreting’s 1st transaction in Washington.

M&A Deal Summary

Date 2019-05-23
Target InDemand Interpreting
Sector Internet Software and Services
Buyer(s) Stratus Video Interpreting
Sellers(s) Health Enterprise Partners
Deal Type Add-on Acquisition
Advisor(s) Cooley (Legal)

Target

InDemand Interpreting

Seattle, Washington, United States
InDemand Interpreting is a provider of video remote interpretation services to the health system market. InDemand Interpreting was founded in 2007 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Stratus Video Interpreting

Clearwater, Florida, United States

Category Company
Founded 2011
Sector Internet Software and Services
DESCRIPTION

Stratus Video LLC is a cloud-based video remote interpretation service that allows people to meet the growing need for language services quickly and cost-effectively. Stratus Video Interpreting was founded in 2011 and is based in Clearwater, Florida.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Washington M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-26 Optimal Phone Interpreters

Winter Park, Florida, United States

Optimal Phone Interpreters, Inc. is a provider of telephone interpretation, medical record and document translation services.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 13 of 24
Sector: Internet Software and Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 10 of 20
State: Washington M&A 1 of 1
Country: United States M&A 13 of 24
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Intraprise Health

Reston, Virginia, United States

Intraprise Health is a compliance and cybersecurity organization that provides a holistic visualization of compliance and security posture for healthcare. Intraprise's services, backed by automation, integrate into native environments, yielding a view of risk–spanning adherence to compliance frameworks, cybersecurity vulnerabilities, and third-party risk. Intraprise Health is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-29 Twistle

Albuquerque, New Mexico, United States

Twistle is a healthcare technology company that helps organizations deliver personalized care to patients in their homes by automating everything from routine communication to information gathering and education activities, saving time for care teams while improving outcomes. Twistle was founded in 2011 and is based in Albuquerque, New Mexico.

Buy -