M&A Deal Summary

Surescripts Acquires ActiveRADAR

On November 6, 2023, Surescripts acquired information technology company ActiveRADAR from Kinderhook Industries

Acquisition Highlights
  • This is Surescripts’ 1st transaction in the Information Technology sector.
  • This is Surescripts’ 1st transaction in the United States.
  • This is Surescripts’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-11-06
Target ActiveRADAR
Sector Information Technology
Buyer(s) Surescripts
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition

Target

ActiveRADAR

Minneapolis, Minnesota, United States
ActiveRADAR is a healthcare technology and analytics company focused on prescription drugs. ActiveRADAR has cracked the code and developed proprietary technology and a therapeutic alternatives database and service, unlike any other on the market today. ActiveRADAR’ s Clinical Catalog, Clinical Pairings Engine and Net Price Engine combine with the company’s historic value-based reimbursement program to generate savings of 15%-20% off total drug spend. ActiveRADAR is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Surescripts

Arlington, Virginia, United States
Category Company
Sector Information Services
DESCRIPTION

Surescripts is a health information network. Surescripts has advanced health intelligence sharing, supporting nearly 24 billion exchanges of patient clinical and benefit information in 2023, providing better informed, safer and less costly care for patients nationwide. Surescripts is based in Arlington, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 41 of 42
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 33 of 34
State (Minnesota) 1 of 1
Country (United States) 40 of 41
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Continental Auto Parts

Newark, New Jersey, United States

Continental Auto Parts is an aftermarket collision automotive parts distribution company that primarily serves multi-shop operators (“MSOs”) and independent collision shops in the New Jersey, New York, Pennsylvania, and Ohio markets. The company maintains extensive product coverage across categories, makes, and models to ensure first-call status with its customers. Continental Auto Parts was formed in 1997 and is based in Newark, New Jersey.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-02 Compactor Rentals of America

Phoenix, Arizona, United States

Compactor Rentals of America is a place to rent or lease a commercial trash compactor. The Company has many different sizes of compactors and balers to choose from and can help to select the right unit for needs. Whether looking for a solution for industrial park or apartment complex, company can help. Compactor Rentals of America was founded in 2014 and is based in Phoenix, Arizona.

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