M&A Deal Summary

TruBridge Acquires Healthland

On November 25, 2015, TruBridge acquired software company Healthland from Francisco Partners for 250M USD

Acquisition Highlights
  • This is TruBridge’s 1st transaction in the Software sector.
  • This is TruBridge’s largest (disclosed) transaction.
  • This is TruBridge’s 1st transaction in the United States.
  • This is TruBridge’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2015-11-25
Target Healthland
Sector Software
Buyer(s) TruBridge
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition
Deal Value 250M USD
Advisor(s) Shearman & Sterling (Legal)

Target

Healthland

Minneapolis, Minnesota, United States
Healthland, Inc. is a provider of integrated software and electronic health records (EHR) solutions for post-acute facilities.

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Buyer(S) 1

Buyer

TruBridge

Mobile, Alabama, United States

Category Company
Founded 1979
Sector Information Technology
Employees3,219
Revenue 339M USD (2023)
DESCRIPTION

TruBridge is a provider of healthcare information technology solutions for rural (including critical access) and community hospitals. The Company is a single-source vendor providing comprehensive software and hardware products, complemented by complete installation services and extensive support. TruBridge's fully integrated, enterprise-wide system automates clinical and financial data management in each of the functional areas of a hospital. TruBridge was founded in 1979 and is based in Mobile, Alabama.


DEAL STATS #
Overall 1 of 5
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (Minnesota) 1 of 1
Country (United States) 1 of 5
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 Get Real Health

Rockville, Maryland, United States

iNetXperts Corp. combines a world of new information from patients, devices, and apps with existing clinical data to help individuals and healthcare professionals engage and empower each other. iNetXperts is based in Rockville, Maryland.

Buy -

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 38 of 81
Sector (Software) 13 of 28
Type (Add-on Acquisition) 24 of 49
State (Minnesota) 1 of 2
Country (United States) 29 of 67
Year (2015) 6 of 6
Size (of disclosed) 20 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-29 Aesynt

Cranberry Township, Pennsylvania, United States

Aesynt, Inc. provider of pharmacy automation and information management tools. The Company partners with healthcare organizations to fully optimize all medication forms enterprise-wide, driving cost reductions and improved patient safety. With major solutions for sterile compounding, enterprise-wide inventory management and medication dispensing, Aesynt is committed to developing innovative solutions to solve the most pressing challenges for the Company’s global healthcare partners.

Sell $275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 Avalon Healthcare Solutions

Tampa, Florida, United States

Avalon Healthcare Solutions is a clinical and information technology company that helps physicians, consumers, and payers manage the cost effective use of thousands of diagnostic laboratory tests. Avalon uses evidence-based medical science to develop and deploy clinical policies and proprietary software and to manage a national network of providers in the dynamic, complex lab environment. Avalon Healthcare Solutions was founded in 2013 and is based in Tampa, Florida.

Buy -