M&A Deal Summary

Valenz Acquires Healthcare Bluebook

On July 11, 2024, Valenz acquired information services company Healthcare Bluebook from Primus Capital

Acquisition Highlights
  • This is Valenz’s 1st transaction in the Information Services sector.
  • This is Valenz’s 8th transaction in the United States.
  • This is Valenz’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2024-07-11
Target Healthcare Bluebook
Sector Information Services
Buyer(s) Valenz
Sellers(s) Primus Capital
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)
Debevoise & Plimpton
Goodwin Procter (Legal)

Target

Healthcare Bluebook

Nashville, Tennessee, United States
Healthcare Bluebook is an independent provider of healthcare price and quality transparency solutions. The company helps people save money on healthcare by showing them pricing and quality differences for common procedures at facilities in their area charges that can vary by 2X to 10X. Healthcare Bluebook was founded in 2007 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Valenz

Phoenix, Arizona, United States

Category Company
Founded 2004
Sector Business Services
DESCRIPTION

Valenz simplifies the complexities of self-insurance for employers through a steadfast commitment to data transparency and decision enablement powered by its Healthcare Ecosystem Optimization Platform. By leveraging data transparency and delivering an omnichannel approach across the healthcare journey, it improves cost, quality, and outcomes for employers and their members engaging early and often for smarter, better, faster healthcare. Valenz was formed in 2004 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 8 of 8
Sector: Information Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 8
State: Tennessee M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 KISx Card

Mechanicsburg, Pennsylvania, United States

KISx Card provides self-funded plans with simplified member access to high-quality, direct-provider “non-network” solutions and care navigation for many high-spend surgical and imaging encounters. KISx Card is based in Mechanicsburg, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Primus Capital

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Primus Capital is a private equity firm focused on investing in established companies in the business services, healthcare and education industry sectors. Primus looks for established, high-growth companies with strong management and predictable/recurring revenues. The Firm will consider both control and minority positions and has a target investment size of $15 to $70 million. Prospective transaction types include growth equity financings, recapitalizations, and management-led buyouts. Primus Capital was formed in 1983 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 45 of 47
Sector: Information Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 27 of 29
State: Tennessee M&A 4 of 4
Country: United States M&A 44 of 46
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Harmony Healthcare IT

South Bend, Indiana, United States

Harmony Healthcare IT is a data management firm that moves and stores patient, employee, and business records for healthcare organizations. The company’s mission is to preserve vital information that will improve lives. Harmony Healthcare IT employs experts in data extraction, migration, retention, interoperability, and analytics to provide its clients with trusted solutions. Harmony Healthcare IT was founded in 2006 and is based in South Bend, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-10 LiquidityBook

New York, New York, United States

LiquidityBook is a SaaS-based provider of buy- and sell-side trading solutions, including order management, portfolio management, execution management, FIX network connectivity, compliance, and pre-and post-trade processing. LiquidityBook was founded in 2005 and is based in New York, New York.

Sell $247M