Add-on Acquisition • Business Services

Surgical Information Systems Acquires Surgical Notes

On November 19, 2024, Surgical Information Systems acquired business services company Surgical Notes from The CapStreet Group

Acquisition Context
  • This is Surgical Information Systems’ 1st transaction in the Business Services sector.
  • This is Surgical Information Systems’ 3rd transaction in the United States.
  • This is Surgical Information Systems’ 1st transaction in Texas.

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M&A Deal Summary

Date November 19, 2024
Target Surgical Notes
Sector Business Services
Buyer(s) Surgical Information Systems
Sellers(s) The CapStreet Group
Deal Type Add-on Acquisition

Target Company

Surgical Notes

Dallas, Texas, United States
Surgical Notes is a healthcare solutions company that provides a comprehensive and integrated suite of products and services designed to streamline the reimbursement process, reduce administrative costs, and better manage information for US ambulatory surgical centers (“ASC”). Surgical Notes was established in 1997 and is based in Dallas, Texas.
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Buyer Overview 1

Buyer

Surgical Information Systems

Alpharetta, Georgia, United States

Category Company
Founded 1996
Sector Internet Software and Services
Employees450
DESCRIPTION

Surgical Information Systems is a provider of cloud-based ASC management which includes surgeon office case request, scheduling, insurance verification, registration, billing, payment posting, accounts receivable, collections, and inventory. Surgical Information Systems was founded in 1996 and is based in Alpharetta, Georgia.


Deal Context for Buyer #
Overall 3 of 3
Sector: Business Services 1 of 1
Type: Add-on Acquisition 3 of 3
State: Texas 1 of 1
Country: United States 3 of 3
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Source Medical Solutions

Birmingham, Alabama, United States

Source Medical Solutions, Inc. (SourceMedical) is a provider of outpatient information solutions and revenue cycle management services for rehabilitation clinics, ambulatory surgery centers and specialty hospitals nationwide. SourceMed is based in Birmingham, Alabama.

Buy -

Seller Profile 1

SELLER

The CapStreet Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The CapStreet Group is a private equity firm that primarily invests in businesses that were previously owned by entrepreneurs, families or other non-institutional investors. CapStreet typically looks for control investment situations, and has a preference for businesses located in the Southwest US. CapStreet typically invests between $10 million and $25 million of equity in companies valued less than $150 million. The CapStreet Group was formed in 1990 and is based in Houston, Texas.


Deal Context for Seller #
Overall 30 of 31
Sector: Business Services 6 of 6
Type: Add-on Acquisition 11 of 12
State: Texas 24 of 25
Country: United States 30 of 31
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 Analytic Stress

Lafayette, Louisiana, United States

Analytic Stress provides industrial pre-heat and stress relieving services. Analytic Stress was founded in 1979 and is based in Lafayette, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-12 Ontellus

Houston, Texas, United States

Ontellus is a technology-enabled record retrieval provider that empowers insurance carriers, self-insured corporations, and law firms to reduce costs, make better-informed decisions, and accelerate claims resolution. Ontellus was established in 1975 and is based in Houston, Texas.

Sell -