M&A Deal Summary

Sage Acquires Emdeon - Practice Services Business

On August 8, 2006, Sage acquired software company Emdeon - Practice Services Business from Change Healthcare for 297M GBP

Acquisition Highlights
  • This is Sage’s 13th transaction in the Software sector.
  • This is Sage’s 2nd largest (disclosed) transaction.
  • This is Sage’s 8th transaction in the United States.
  • This is Sage’s 1st transaction in Florida.

M&A Deal Summary
Date 2006-08-08
Target Emdeon - Practice Services Business
Sector Software
Buyer(s) Sage
Sellers(s) Change Healthcare
Deal Type Divestiture
Deal Value 297M GBP

Target

Emdeon - Practice Services Business

Tampa, Florida, United States
Emdeon Practice Services, is a vendor of software and services for doctors’ practices in the US, most of which are small or medium-sized businesses. EPS software is used in practice management and in the maintenance of patient data. This includes administrative and financial processes such as appointment scheduling, prescriptions and billing, together with the creation and management of electronic health records. EPS support services include software maintenance and, additionally, access to electronic medical transaction services such as those facilitating claims to healthcare insurers. Emdeon - Practice Services Business is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Sage

Newcastle upon Tyne, United Kingdom
Category Company
Founded 1981
Sector Software
Employees11,647
Revenue 2.2B GBP (2023)
DESCRIPTION
Sage office in Reston, Virginia.
Sage office in Reston, Virginia.

Sage provides business management software and services for small and medium-sized businesses. Sage was founded in 1981 and is based in Newcastle upon Tyne, the United Kingdom.

DEAL STATS #
Overall 14 of 35
Sector (Software) 13 of 29
Type (Divestiture) 2 of 4
State (Florida) 1 of 1
Country (United States) 8 of 13
Year (2006) 6 of 7
Size (of disclosed) 2 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-08 Bäurer

Germany

Bäurer is a vendor of a suite of advanced business management solutions for mid-market businesses, including industry-specific software for manufacturing. Bäurer has over 2,000 mid-market customers.

Buy £16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-13 Protx Group

London, United Kingdom

Protx Group Ltd. is an independent on-line payment service provider to SMEs in the UK, with a customer base of over 10,000 businesses. The company has gained approval from all major banks to facilitate secure on-line transactions, including Lloyds TSB Cardnet, Bank of Scotland, Barclays Merchant Services, HSBC, Natwest Streamline, American Express, Diners Card, JCB and Euroconex.

Buy £20M

Seller(S) 1

SELLER

Change Healthcare

Nashville, Tennessee, United States
Category Company
Founded 2007
Sector Information Technology
Employees15,000
Revenue 3.1B USD (2021)
DESCRIPTION

Change Healthcare is a provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon’s product and service offerings integrate and automate key business and administrative functions for healthcare payers and healthcare providers throughout the patient encounter, including pre-care patient eligibility and benefits verification, clinical exchange capabilities, claims management and adjudication, payment integrity, payment distribution, payment posting and denial management, and patient billing and payment processing. Change Healthcare was founded in 2007 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 1 of 4
Sector (Software) 1 of 1
Type (Divestiture) 1 of 4
State (Florida) 1 of 1
Country (United States) 1 of 4
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-29 GE Healthcare Information Technology Patient Statement Business

United States

GE Healthcare Information Technology patient statement business is a bulk printing and mailing services provider. The business currently serves more than 400 hospitals and physician groups, providing timely delivery of correspondence such as statements, invoices, claims and appointment reminders for patients.

Buy -
Mergr

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Company

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