M&A Deal Summary

Summit Partners Acquires PharmScript

On January 1, 2016, growth capital firm Summit Partners acquired healthcare services company PharmScript

Acquisition Highlights
  • This is Summit Partners’ 32nd transaction in the Healthcare Services sector.
  • This is Summit Partners’ 251st transaction in the United States.
  • This is Summit Partners’ 11th transaction in New Jersey.

M&A Deal Summary
Date 2016-01-01
Target PharmScript
Sector Healthcare Services
Buyer(s) Summit Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

PharmScript

Somerset, New Jersey, United States
PharmScript currently services more than 500 long-term and post-acute care facilities across 18 states. PharmScript offers long-term and post-acute care facilities a seamless pharmacy experience. The company provides rigorous quality assurance, innovative technology, and high-quality service to help healthcare facilities administer medications safely and manage their patients for optimal clinical outcomes while maintaining costs. PharmScript serves healthcare providers in the Midwest, Mid-Atlantic, Northeast, Florida, and Texas. PharmScript was founded in 2009 and is based in Somerset, New Jersey.

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Buyer(S) 1

Buyer

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 289 of 386
Sector (Healthcare Services) 32 of 41
Type (Buyout (LBO, MBO, MBI)) 67 of 80
State (New Jersey) 11 of 11
Country (United States) 251 of 319
Year (2016) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Sun Trading

Chicago, Illinois, United States

Sun Trading is a proprietary trading firm focused on quantitative trading across multiple asset classes on various electronic exchanges worldwide. Sun Trading was formed in 2003 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 Duly Health and Care

Downers Grove, Illinois, United States

DuPage Medical Group is an independent, multi-specialty physician group with more than 600 physicians in over 80 suburban Chicago locations. DMG is a patient-centered organization focused on improving access to convenient, quality health care using the latest technology and treatment options. DuPage Medical Group was founded in 1999 and is based in Downers Grove, Illinois.

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